Market by Vehicle Type, Type, and Country | Forecast 2021-2028
Triton Market Research
has estimated the automotive steering system market in the Middle East and
Africa to depict an upward trend in revenue, with a CAGR of 5.21% over the
forecasting years 2021-2028.
Report scope can be customized per your requirements. Request For Customization
The countries
scrutinized in this market are:
•
Morocco
•
Turkey
•
South Africa
•
Rest of the Middle East & Africa
Morocco is presently Africa’s
largest manufacturer of passenger cars. The country outranked South Africa for
being the biggest passenger car exporter in the region, with exports worth $7
billion in the industry, at the end of 2018. The automotive industry here is showing
exponential growth every year, with car sales crossing 160,000 units in 2021,
and generating more than 220,000 direct jobs.
As per various
international experts, the domestic auto industry is estimated to contribute a
whopping 24% to the national GDP by the year 2022. As of now, new passenger
vehicles registered an increase of 10.77%, with 115,611 units being sold. This
transformed Morocco into a top hub for automotive manufacturing in Africa. And
in spite of the after-effects of the COVID-19 crisis, the industry recovered
gradually in 2021, selling nearly 400,000 cars to Europe, having Spain, France,
Italy, and Germany among its top exporters. The growth of the automotive
industry is thus fueling the demand for automotive steering systems in the
nation. This will foster the growth of the Moroccan market in the years to
come.
Hyundai Mobis is
engaged in manufacturing and marketing parts and modules for vehicle production
and post-sales services. The company’s product portfolio includes chassis
modules, exterior lighting products, safety products, steering parts, brakes, plastic
parts, steel wheels & decks, and ADAS, among others. Hyundai Mobis also
provides aftermarket services by supplying original equipment spare parts to
its customers. The company sells these products through a network of sales
offices in several nations, including the UAE. Founded in 1977, it has a strong
workforce of more than 35,000 employees.
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VIEW REPORT1. MIDDLE
EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE AUTOMOTIVE STEERING SYSTEM INDUSTRY
2.2. KEY
INSIGHTS
2.2.1. ADOPTION
OF SENSORS
2.2.2. ADAS
(ADVANCED DRIVER ASSISTANCE SYSTEMS) ADOPTION IN AUTOMOTIVE
2.2.3. USAGE
OF TECHNOLOGICALLY ADVANCED EPS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. KEY
IMPACT ANALYSIS
2.6.1. FUEL
CONSUMPTION
2.6.2. CO2
EMISSION
2.6.3. MAINTENANCE
2.7. KEY
MARKET STRATEGIES
2.7.1. PRODUCT
LAUNCHES
2.7.2. CONTRACTS
& PARTNERSHIPS
2.7.3. BUSINESS
EXPANSIONS & DIVESTITURES
2.8. MARKET
DRIVERS
2.8.1. GROWING
DEMAND FOR MORE FUNCTIONS IN ELECTRONIC CONTROL UNIT (ECU)
2.8.2. STRINGENT
FUEL EFFICIENCY NORMS
2.9. MARKET
CHALLENGES
2.9.1. HIGH
COST OF AUTOMOTIVE
2.9.2. AUTONOMOUS
FEATURES IN CARS
2.10. MARKET
OPPORTUNITIES
2.10.1. POSITIVE
OUTLOOK FOR AUTOMOTIVE PRODUCTION
2.10.2. GROWING
NUMBER OF ELECTRIC VEHICLES
3. MIDDLE
EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY VEHICLE TYPE
3.1. ICE-DRIVEN
3.2. ELECTRIC
VEHICLES
3.2.1. PHEV
(PLUG-IN HYBRID ELECTRIC VEHICLE)
3.2.2. BEV
(BATTERY ELECTRIC VEHICLE)
3.2.3. FCEV
(FUEL CELL ELECTRIC VEHICLE)
3.2.4. HEV
(HYBRID ELECTRIC VEHICLE)
4. MIDDLE
EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY TYPE
4.1. ELECTRIC
STEERING SYSTEM
4.1.1. ELECTRIC
POWER STEERING SYSTEM BY TYPE
4.1.1.1. COLUMN-ASSIST
TYPE (C-EPS)
4.1.1.2. PINION-ASSIST
TYPE (P-EPS)
4.1.1.3. DIRECT
DRIVE TYPE (D-EPS)
4.1.1.4. RACK-ASSIST
TYPE (R-EPS)
4.1.2. ELECTRIC
POWER STEERING SYSTEM BY COMPONENTS
4.1.2.1. STEERING
RACK/COLUMN
4.1.2.2. SENSOR
4.1.2.3. STEERING
MOTOR
4.1.2.4. OTHER
COMPONENT TYPES
4.2. HYDRAULIC
STEERING SYSTEM
4.3. ELECTRO-HYDRAULIC
4.4. STEER
BY WIRE
5. MIDDLE
EAST AND AFRICA AUTOMOTIVE STEERING SYSTEMS MARKET – REGIONAL OUTLOOK
5.1. TURKEY
5.2. SOUTH
AFRICA
5.3. MOROCCO
5.4. REST
OF MIDDLE EAST & AFRICA
6. COMPETITIVE
LANDSCAPE
6.1. CHINA
AUTOMOTIVE SYSTEMS INC
6.2. DENSO
CORPORATION
6.3. HITACHI
ASTEMO LTD
6.4. HONDA
MOTOR COMPANY
6.5. HYUNDAI
MOBIS
6.6. JTEKT
CORPORATION
6.7. MANDO
CORPORATION
6.8. MITSUBISHI
ELECTRIC CORPORATION
6.9. NEXTEER
AUTOMOTIVE CORPORATION
6.10. NSK
LTD
6.11. ROBERT
BOSCH GMBH
6.12. THYSSENKRUPP
AG
6.13. ZF
FRIEDRICHSHAFEN AG
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: MIDDLE EAST
AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $
MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: MIDDLE EAST
AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 4: MIDDLE EAST
AND AFRICA ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $
MILLION)
TABLE 5: MIDDLE EAST
AND AFRICA ELECTRIC POWER STEERING SYSTEM MARKET, BY COMPONENTS, 2021-2028 (IN
$ MILLION)
TABLE 6: MIDDLE EAST
AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $
MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: KEY IMPACT
ANALYSIS
FIGURE 3: PRODUCTION OF
AUTOMOBILES (2016-2020)
FIGURE 4: MIDDLE EAST
AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2020 & 2028 (IN %)
FIGURE 5: MIDDLE EAST
AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC STEERING SYSTEM,
2021-2028 (IN $ MILLION)
FIGURE 6: MIDDLE EAST
AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COLUMN-ASSIST TYPE (C-EPS),
2021-2028 (IN $ MILLION)
FIGURE 7: MIDDLE EAST
AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION-ASSIST TYPE (C-EPS),
2021-2028 (IN $ MILLION)
FIGURE 8: MIDDLE EAST AND
AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY DIRECT DRIVE TYPE (D-EPS),
2021-2028 (IN $ MILLION)
FIGURE 9: MIDDLE EAST
AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY RACK-ASSIST TYPE (R-EPS),
2021-2028 (IN $ MILLION)
FIGURE 10: MIDDLE EAST
AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING RACK/COLUMN,
2021-2028 (IN $ MILLION)
FIGURE 11: MIDDLE EAST
AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY SENSOR, 2021-2028 (IN $
MILLION)
FIGURE 12: MIDDLE EAST
AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING MOTOR, 2021-2028 (IN
$ MILLION)
FIGURE 13: MIDDLE EAST
AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY OTHER COMPONENT TYPES,
2021-2028 (IN $ MILLION)
FIGURE 14: MIDDLE EAST
AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY HYDRAULIC STEERING SYSTEM,
2021-2028 (IN $ MILLION)
FIGURE 15: MIDDLE EAST
AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRO-HYDRAULIC, 2021-2028
(IN $ MILLION)
FIGURE 16: MIDDLE EAST
AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY STEER BY WIRE, 2021-2028 (IN $
MILLION)
FIGURE 17: MIDDLE EAST
AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028
(IN %)
FIGURE 18: TURKEY
AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 19: SOUTH AFRICA
AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 20: MOROCCO
AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 21: REST OF MIDDLE
EAST & AFRICA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)