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

Author: QYResearch  |   Published Date: 2018-05-18   |   Views: 161


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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