Electronic power steering has been around for years, but new automotive demands are fueling its near exponential growth in the market today. Manufacturers are adopting EPS for its wide range of benefits over its hydraulic power steering predecessors, and recent forecast data shows that EPS deployment is only predicted to grow over the next several years. In this post, we'll take a look at the predictions of EPS market forecast data as well as the reasons why EPS production is growing at such an unprecedented rate.
We're currently in a period of transition in the power steering industry. A variety of different steering systems are still common on the road today, including plenty of cars still using hydraulic power steering units. As recently as 2005, HPS systems were installed in over 50% of cars produced in Europe, Japan, Korea, and North America. While that number is changing today, plenty of those models are still on the road, and in need of service, today.
As vehicle design evolves and automatic transmissions continue to develop, so does the technology that goes inside them. Engineers and manufacturers are constantly tasked with improving or creating parts that are better suited to accommodate new designs, more speeds, and differentiating benefits. As a result, torque converter technology is one segment going through a period of change and innovation. In this post, we'll discuss the emerging torque converter technology making the biggest waves in the automatic transmission market. (Image provided by ATRA.)