Fuel Efficient Electric Power Steering (EPS) Forecast to be in 88 Percent of Cars by 2023

Nov 04, 2015, 03:00 ET from just-auto/QUBE

LONDON, November 4, 2015 /PRNewswire/ --

Electric Power Steering (EPS) has become the technology of choice for fuel-efficient vehicles as vehicle manufacturers strive to reduce their CO2 emissions, according to just-auto's research unit, QUBE.

QUBE research suggests that around three quarters of light vehicles worldwide are currently equipped with EPS and that this will rise to around 88% by 2023.

EPS systems offer lower energy consumption than traditional hydraulic systems, an important consideration as the automotive industry faces tougher emissions and average CO2 targets.

Additionally, EPS systems can integrate with other on-board electronics to improve overall safety and driving performance.

A further boost to EPS is coming from increasing sales of hybrid and electric vehicles that require EPS systems for steering operation in electric mode.

"Electrification is certainly one trend that is helping to drive EPS penetration up," says QUBE analyst Matthew Beecham. "We're seeing more EPS systems on the market. Its platform flexibility allows it to be applied to non-hybrid variants as well."

However, Beecham also maintains that hydraulic systems will not disappear overnight. "Cost is a factor in some emerging markets," he says. "EPS systems tend to be more expensive than hydraulic, though that will change in the long-term as EPS achieves even greater scale and unit prices fall further."

A further finding from the QUBE research unit is that steering system makers are focusing on light-weight construction. "By reducing the weight of an EPS system it will be possible to save even more fuel in the future. Therefore new materials are being investigated at the moment," Beecham adds.

About just-auto and QUBE 

just-auto.com exists to provide news, analysis and market intelligence to support the automotive industry. We are driven by a passion for an industry with a global turnover of €3 trillion that directly and indirectly supports 60 million jobs. We offer an independent voice with a global remit, championing automotive best practice wherever we find it. In 2011 just-auto launched QUBE, the automotive database for the auto industry. Supported by a team of experienced automotive analysts, QUBE serves the automotive supply chain, providing them with OEM and supplier automotive competitive analysis, component sector forecasts, and automotive technology intelligence.

For further information and images please contact James Lawley, Public Relations at Aroq Limited on +44(0)1527-573-606, email james.lawley@aroq.com

SOURCE just-auto/QUBE