EPS and Steering Technology Trends [IHS Data]

Posted by TransTec on October 2, 2019

The power steering market has seen multiple developments in steering technology over the years, but perhaps the largest platform transition in history is happening right now. More rapidly than ever, vehicle manufacturers are changing to a fully electronic power steering assembly in all or a majority of their new year models. Anecdotally, the industry's switch to an EPS platform may not seem like something that needs to be a huge concern for power steering businesses and remanufacturers, but taking a look at the power steering market by the numbers can truly reveal the massive scope of the transition that's going on in our industry.

In this post, we'll provide IHS data and statistics on EPS and steering technology trends in recent and coming years as well as discuss how these trends will affect the future of the aftermarket steering industry.

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Categories: EPS, IHS Data, Electronic Power Steering