TechNavio's analysts forecast the Global Electric Power Steering market to grow at a CAGR of 13.44 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for fuel efficiency. The Global Electric Power Steering market has also been witnessing the growing potential in the emerging markets. However, the high cost of electric power steering systems could pose a challenge to the growth of this market.The Global Electric Power Steering market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, and Europe; it also covers the Global Electric Power Steering market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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