The Automotive Rack and Pinion Steering System Market is set to expand by USD 4.7 billion, with a CAGR of 4.39% from 2023 to 2028. This growth is driven by the increasing adoption of electric power steering, which provides advantages like improved fuel efficiency and advanced driver assistance systems. Rack and pinion steering systems are becoming more popular, particularly in compact and mid-size vehicles, for their enhanced control and responsiveness. Additionally, the automotive industry is embracing these systems due to their streamlined assembly and reduced maintenance needs. Technavio points out that this trend reflects the industry's focus on optimizing vehicle performance and manufacturing efficiency.

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