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Global Automotive Power Steering Fluid market is expected to reach 740 million USD by 2025

Author: QYResearch | Publish date: 2018-05-18 | Views: 52
This report studies the Automotive Power Steering Fluid market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market and splits the Automotive Power Steering Fluid market by product type and applications/end industries.

The global Automotive Power Steering Fluid market is expected to reach 740 million USD by the end of 2025, growing at a CAGR of 10.16% between 2017 and 2025.

 

In automobiles, power steering (also power-assisted steering (PAS) or steering assist system) helps drivers steer by augmenting steering effort of the steering wheel.

 

Hydraulic or electric actuators add controlled energy to the steering mechanism, so the driver can provide less effort to turn the steered wheels when driving at typical speeds, and reduce considerably the physical effort necessary to turn the wheels when a vehicle is stopped or moving slowly. Power steering can also be engineered to provide some artificial feedback of forces acting on the steered wheels.

 

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