Use Code ONLINE20 to Save 20% On Global Market Reports – Gain Access to Trusted Market Data, Growth Indicators, and Industry Analytics What Are the Key Growth Indicators and Market Expansion Estimates for the Electric Power Steering Market Through 2029? The electric power steering market size has grown strongly in recent years. It will grow from $28.84 billion in 2024 to $30.33 billion in 2025 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to fuel efficiency and emissions reduction, enhanced vehicle safety and control, regulatory standards and norms, consumer preference for comfortable driving experience, reduction in manufacturing costs. The electric power steering market size is expected to see strong growth in the next few years. It will grow to $39.49 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to integration with autonomous driving systems, rise in electri...