AP, London :
The global automotive steering motor market is expected to post a CAGR of nearly 9% during the period 2019-2023, according to the latest market research report by Technavio.
Technavio predicts the global automotive steering motor market to post a CAGR of nearly 9% by 2023.
A key factor driving the growth of the increased adoption of EPS in modern vehicles. Continuous advancements are driving the steering systems in the automotive industry. They have grown from purely mechanical hydraulic steering to completely electronic steer-by-wire systems. Some recent advancements help in enhancing the ease of driving and bolstering on-road safety. One of the major drivers leading to technological advancements is the demand for high fuel economy, which has resulted in the development of EPS.
This market research report on the global automotive steering motor market 2019-2023 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time only:View market snapshot before purchasing In this report, Technavio highlights the increasing penetration of steer-by-wire technology as one of the key emerging trends in the global automotive steering motor market: Global automotive steering motor market: Increasing penetration of steer-by-wire technology.
The global automotive steering motor market is expected to post a CAGR of nearly 9% during the period 2019-2023, according to the latest market research report by Technavio.
Technavio predicts the global automotive steering motor market to post a CAGR of nearly 9% by 2023.
A key factor driving the growth of the increased adoption of EPS in modern vehicles. Continuous advancements are driving the steering systems in the automotive industry. They have grown from purely mechanical hydraulic steering to completely electronic steer-by-wire systems. Some recent advancements help in enhancing the ease of driving and bolstering on-road safety. One of the major drivers leading to technological advancements is the demand for high fuel economy, which has resulted in the development of EPS.
This market research report on the global automotive steering motor market 2019-2023 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time only:View market snapshot before purchasing In this report, Technavio highlights the increasing penetration of steer-by-wire technology as one of the key emerging trends in the global automotive steering motor market: Global automotive steering motor market: Increasing penetration of steer-by-wire technology.
