Market Size of Africa Middle East Electric Power Steering Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Medium |
Major Players_MAjor_player.webp)
*Disclaimer: Major Players sorted in no particular order |
MEA Electric Power Steering Market Analysis
The Africa & Middle-East Automotive Electric Power Steering Systems Market is projected to grow with a CAGR of more than 4% during the forecast period.
- The integration of numerous steering sensors in an electric power steering (EPS) helps provide additional safety benefits to the driver. Moreover, the enactment of stringent fuel economy norms, along with safety initiatives by the governments and international associations, are considered important drivers for the growth and development of the advanced steering systems.
- Electric power steering systems are fuel-efficient as compared to the other alternatives, which is due to the absence of belt-driven hydraulic or manual pumps, which run constantly, whether assistance is required or not. EPS provides fuel savings as high as 0.4 l for every 100 km, along with a reduction in CO2 emissions of up to 7 g/km.
- Major automakers have their own electric power steering systems such as Ford adaptive power steering. Adaptive steering systems of Ford utilize a precision-controlled actuator just inside the steering wheel, without making any changes to its traditional steering system. Adaptive steering makes the car more nimble and easier to turn.
- Large commercial vehicles, such as buses and trucks are different from passenger cars, as the large vehicles have the requirement of higher torque to provide steering assistance, additionally, they have much higher mileages, heavier loads and more constant use than passenger cars, due to all the above reasons EPS is a much-needed solution for commercial vehicles.
MEA Electric Power Steering Industry Segmentation
The Africa & Middle-East automotive electric power steering market covers the latest trends and technological development and market demand by type, component type, vehicle type, and market share of major automotive EPS manufacturing companies across Africa & Middle-East.
| By Type | |
| Column Type, | |
| Pinion Type | |
| Dual Pinion Type |
| By Component Type | |
| Steering Rack/Column | |
| Sensor | |
| Steering Motor | |
| Other Components |
| By Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicles |
Africa Middle East Electric Power Steering Market Size Summary
The Africa & Middle-East automotive electric power steering market is experiencing growth driven by the increasing integration of advanced steering sensors that enhance driver safety. The shift from traditional hydraulic systems to electric power steering (EPS) is largely due to the fuel efficiency and environmental benefits, as EPS systems eliminate the need for constant operation of hydraulic pumps, leading to significant fuel savings and reduced CO2 emissions. This transition is further supported by stringent government regulations and safety initiatives that encourage the adoption of advanced steering systems. Major automotive manufacturers, such as Ford, are developing their own EPS technologies, which include adaptive steering systems that improve vehicle maneuverability. The demand for EPS is particularly strong in commercial vehicles, where higher torque and durability are required due to their heavier loads and constant use.
The market is moderately consolidated, with key players like Robert Bosch GmbH, Continental AG, and TE Connectivity leading the industry. These companies are engaging in partnerships and collaborations to maintain their competitive edge. Recent technological advancements, such as Hella's contactless inductive position sensor technology and Infineon Technologies' linear Hall sensor, are enhancing the functionality and safety of EPS systems. As consumers become more safety-conscious, there is a growing preference for vehicles equipped with advanced safety features, which is further propelling the market's expansion. The focus on improving vehicle safety and compliance with international standards is driving manufacturers to incorporate sophisticated steering sensors and systems, thereby fostering market growth in the region.
Africa Middle East Electric Power Steering Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Column Type,
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2.1.2 Pinion Type
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2.1.3 Dual Pinion Type
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2.2 By Component Type
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2.2.1 Steering Rack/Column
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2.2.2 Sensor
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2.2.3 Steering Motor
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2.2.4 Other Components
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2.3 By Vehicle Type
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2.3.1 Passenger Cars
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2.3.2 Commercial Vehicles
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Africa Middle East Electric Power Steering Market Size FAQs
What is the current Africa Middle East Electric Power Steering Market size?
The Africa Middle East Electric Power Steering Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Africa Middle East Electric Power Steering Market?
JTEKT Corporation, Nexteer Automotive Group Ltd, NSK Ltd, ZF Friedrichshafen AG and Robert Bosch GmbH are the major companies operating in the Africa Middle East Electric Power Steering Market.
