The electric power steering market is expected to be the largest in the vehicle electrification market. EPS reduces fuel consumption while increasing vehicle manoeuvrability. The vehicle electrification market trend is accelerating in Asia. EPS is installed at a rate of nearly 91% in Asia. As a result, the EPS segment is expected to have the largest vehicle electrification market share during the forecast period.

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[250 Pages Report] Vehicle Electrification Market forecasted to registering 10.3% CAGR during the forecast period (2022-2032) & projected to reach US$ 72 Bn by 2021.

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