Regulatory Push Towards Efficient Technologies driving electric steering market
Column assist EPS (CEPS) holds the largest market share in 2017 The column assist EPS (CEPS), which incorporates the steering assist mechanism on the column, holds the largest share of the electric power steering market. The growth of this EPS type can be attributed to the higher production of passenger cars as compared to commercial vehicles. CEPS can support the steering function of the driver on low torques and low frontal axle loads, which is suitable for low-end and mid-range passenger cars. As these vehicle segments account for the largest share of the overall vehicle production, CEPS has the highest market share amongst all the EPS types. Collapsible steering column– Largest share of electric power steering market in 2017 The collapsible steering column is a mechanism of an upper column and a lower shaft in which the lower shaft enters into a housing in the event of an accident. This column is installed in passenger cars and light commercial vehicles. The growing production of passenger cars and light commercial vehicles, as well as increasing government mandates on road safety, are the primary factors driving the growth of collapsible steering columns in EPS systems.
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