MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028

Automotive & Transportation | Automotive Systems

MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028

Market by Vehicle Type, Type, and Country | Forecast 2021-2028

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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.


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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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Table of Content

1. 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

List of Tables

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)   

List of Figures

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)

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