Africa & ME Automotive Electric Power Steering Market Size | 2031
Africa & ME Automotive Electric Power Steering Market Size | 2031
Segments - Africa and Middle-East Automotive Electric Power Steering Market by Component Type (Steering Wheel/Column, Sensors, Steering Motor, Others), vehicle type (Passenger Cars and Commercial vehicles) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Upcoming
| Report ID :AL-1516
| 4.7 Rating
| 74 Reviews
| 215 Pages
| Format :
Report Description
Africa and Middle-East Automotive Electric Power Steering Market Outlook 2031
The Africa and Middle-East automotive electric power steering market size was valued at USD XX Billion in 2022 and is likely reach to USD XX Billion by 2031, expanding at a CAGR of 4% during the forecast period, 2023–2031. Growth of the market is attributed to the increased personal car ownership and technology improvements.
Electric power steering (EPS) directs the wheel using an electric motor, whereas hydraulic power steering utilizes a pump that is integrated with an oil tank. The constant use of the pump in hydraulic power steering puts a strain on the vehicle's engine, affecting fuel consumption and performance. The torque that is delivered to the steering wheel to drive the vehicle is provided by power steering systems.
The pump, fluid, hoses, pulley, and drive belt are all removed from the hydraulic power system by the electric power system. As a result, electric steering systems are more lightweight and compact than hydraulic steering systems.
Electric power steering (EPS) is powered by a control unit, electric motor, and sensors such as torque sensors. The electric motor is powered by a battery and is used to aid the steering action when the driver moves the steering wheel.
The Covid-19 pandemic affected the demand and supply of advanced ceramics market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth.
Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Automotive Electric Power Steering Market Trends, Drivers, Restraints, and Opportunities
- Increasing popularity of self-driving automobiles is expected to fuel the market during the forecast period.
- Government laws requiring high fuel efficiency and safety measures are key factors propelling the market in the coming years.
- High cost of electric power steering systems is estimated to restrict the market growth.
- Lack of awareness act as major challenge that can impede the market expansion in the coming years.
- Technological advancement is estimated to create lucrative opportunities for the market players.
Scope of Automotive Electric Power Steering Market Report
The report on the Africa and Middle-East automotive electric power steering market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Automotive Electric Power Steering Market - Africa and Middle-East Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2022 |
|
Historic Data |
2016–2021 |
|
Forecast Period |
2023–2031 |
|
Segmentation |
Component Type (Steering Wheel/Column, Sensors, Steering Motor, Others), Vehicle Type (Passenger Cars and Commercial vehicles) |
|
Geographical Scope |
Africa and Middle East |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
AST Automation Tooling Systems Inc., Hitachi Automotive Systems, Hyundai Mobis Co., Ltd, Delphi Automotive Systems, and GKN PLC. |
Automotive Electric Power Steering Market Segment Insights
The sensors segment is projected to hold a major market share
On the basis of component type, the Africa and Middle-East automotive electric power steering market is segregated into steering wheel/column, sensors, steering motor, and others. The sensors segment is expected to represent a key share of the market during the forecast period. Torque sensor, steering wheel speed sensor, and position sensor are the three most common types of sensors.
Among all the sensors utilized in an electric power steering system, the torque sensor has become one of the most important. The hydraulic parts of the system, including as hoses, belts, and pumps, are replaced by digital sensors and motors in EPS systems, which is the most significant difference between standard power steering and electric power steering.
The torque sensor is based on the idea of non-contact magnetic measurement. The torque sensor has two wire coils that are independent of one another. The moment of the vehicle's wheel is controlled by these coils.
The passenger cars segment is expected to grow at a rapid pace
On the basis of vehicle type, the Africa and Middle-East automotive electric power steering market is bifurcated into passenger cars and commercial vehicles. The passenger cars segment is expected to represent a key share of the market during the forecast period.
The market is expected to be driven by rising use of passenger cars. In the current scenario, 30% of passenger vehicles are equipped with EPS technology, and this technology is expected to be used in budget passenger cars throughout the projection period.
EPS systems are anticipated to be replaced by brushless DC motors over the next few years. Brushless DC motors are more efficient, need less maintenance, and less electric noise than brushed DC motors. The passenger car segment is expected to increase at a CAGR of 6.20% during the forecast period.
Segments
Component type
- Steering Wheel/Column
- Sensors
- Steering Motor
- Others
Vehicle type
- Passenger Cars
- Commercial vehicles
Key Players
- AST Automation Tooling Systems Inc.
- Hitachi Automotive Systems
- Hyundai Mobis Co., Ltd
- Delphi Automotive Systems
- GKN PLC
Competitive Landscape
Key players competing in the Africa and Middle-East automotive electric power steering market include AST Automation Tooling Systems Inc., Hitachi Automotive Systems, Hyundai Mobis Co., Ltd, Delphi Automotive Systems, and GKN PLC.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
For instance, Morocco's first African plant opened in the city of Kenitra in June 2019. This plant is estimated to produce Group PSA's Electric Power Steering (EPS) systems, as well as FCA, Groupe PSA, and the Renault-Nissan-Mitsubishi Alliance's Driveline systems.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Electric Power Steering Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Automotive Electric Power Steering Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Automotive Electric Power Steering Market - Supply Chain
4.5. Global Automotive Electric Power Steering Market Forecast
4.5.1. Automotive Electric Power Steering Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Automotive Electric Power Steering Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Automotive Electric Power Steering Market Absolute $ Opportunity
5. Global Automotive Electric Power Steering Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Automotive Electric Power Steering Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Automotive Electric Power Steering Demand Share Forecast, 2019-2026
6. North America Automotive Electric Power Steering Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Automotive Electric Power Steering Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Automotive Electric Power Steering Demand Share Forecast, 2019-2026
7. Latin America Automotive Electric Power Steering Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Automotive Electric Power Steering Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Automotive Electric Power Steering Demand Share Forecast, 2019-2026
8. Europe Automotive Electric Power Steering Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Automotive Electric Power Steering Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Automotive Electric Power Steering Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Electric Power Steering Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Automotive Electric Power Steering Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Automotive Electric Power Steering Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Electric Power Steering Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Automotive Electric Power Steering Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Automotive Electric Power Steering Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Automotive Electric Power Steering Market: Market Share Analysis
11.2. Automotive Electric Power Steering Distributors and Customers
11.3. Automotive Electric Power Steering Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. AST Automation Tooling Systems Inc.
11.4.2. Hitachi Automotive Systems
11.4.3. Hyundai Mobis Co., Ltd
11.4.4. Delphi Automotive Systems
11.4.5. GKN PLC.
Methodology
Related Reports
Some other reports from this category!
Our Clients
