Global Electric Power Steering System Market By Vehicle Type Forecast (2017-2025)
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Year PASSENGER CAR LCV HCV
2017 $ 14460.5 $ 7113.3 $ 2158.8
2018 $ 14712.8 $ 7408.5 $ 2235.3
2019 $ 12958.6 $ 7958.5 $ 2387.3
2020 $ 9472.2 $ 4278.9 $ 1276.1
2021 $ 15149.0 $ 7001.5 $ 2076.0
2022 $ 14376.3 $ 9136.8 $ 2693.6
2023 $ 14945.2 $ 10150.6 $ 2975.4
2024 $ 16591.3 $ 10685.2 $ 3114.3
2025 $ 17226.5 $ 11251.1 $ 3260.6
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Global Electric Power Steering System Market By Vehicle Type Forecast (2017-2025)

Synopsis
The above chart is Global Electric Power Steering System market [2017-2025] by Vehicle Type

Market Dynamics

Passenger car segment accounted for the largest market share in the electric power steering system market, and is expected to reach usd 17226.50 million in 2025 from usd 14712.80 million in 2018. however, lcv segment is the fastest growing market, which is expected to grow at a cagr of 5.94% during the forecast period 2019 - 2025.

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