28 Apr, 2024
4 mins read

Global Commercial Vehicle (CV) Active Power Steering Market Growth Analysis, Forecasts to 2025 : ZF Friedrichshafen AG, tedrive steering systems GmbH, BMW AG, Ognibene Power SPA

Commercial Vehicles (CV) active power steering market volume is expected to grow from 12,572 units in 2016 to 955,233 by 2025 at a CAGR of 18.38% between 2017 and 2025. Large number of manufacturers are shifting towards EPS because eliminating an engine-driven hydraulic pump increases gas mileage by about 1 mpg. Therefore Electric power steering […]