Automotive Electric Power Steering Market Global Trend 2022, Gross Earning and Emerging Growth Opportunity 2030
Automotive Electric Power Steering Market Analysis Market Research Future (MRFR) predicts the global Automotive Electric Power Steering Market to grow with a CAGR of approx. 6% from (forecast period). The automotive industry has traditionally relied on conventional hydraulic pressure, which is generated by a pump that is driven by the engine. This pump would constantly run, consuming engine power and putting a strain on the engine. This pump would continue to work even though the steering wheel was not turned, reducing vehicle fuel consumption. The engine load is used to guide the driver only when the steering wheel is turned in either direction with an electric power steering system, reducing fuel consumption. The drag or thrust is still exerted on the engine, but it only occurs when the steering movement is performed, significantly improving engine performance. There are numerous factors driving the growth of the automotive electric power steering market. For starters, consumers