Global Electric Power Steering (EPS) Market is forecast to reach $37.3 billion by 2025, growing at a CAGR of 6.9% during the forecast period from 2020 to 2025. The Electric Power Steering market is driven primarily by factors such as the increasing demand for automated driving vehicles and the need for a green environment. Moreover, rising investments towards research and development for new technologies are estimated to penetrate the market growth in various countries during the forecast period. The adoption of electric power steering systems in commercial vehicles are also expected to mark a huge growth in the power steering systems during the forecast period.
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