Global Electric Power Steering Market to Grow at a CAGR of 13.44 Percent over the Period 2012-2016
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.
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