MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028
TABLE OF CONTENTS
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
TABLE LIST
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 LIST
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)
MARKET OUTLOOK
Triton Market Research’s report on the automotive steering system market
in the Middle East and Africa has determined the industry to progress with a
CAGR of 5.21% over the forecast duration 2021-2028. Morocco, South Africa,
Turkey, and Rest of Middle East & Africa constitute the market in this
region.
The governments of several countries in Africa have realized the
importance of the automotive sector, and are thus taking initiatives to support
it and develop it further. For instance, in South Africa, the government
launched the South African Automotive Master (SAAM) plan, which aims to
strengthen the local value chains. In addition, the automotive manufacturers in
the country are focusing on consolidating their position in the country. Also,
recent developments towards vehicle electrification are driving the market for
automotive steering systems in the nation.
Between 2000 and 2017, original equipment manufacturers invested $14
billion in the Turkish market. These investments majorly boosted their
manufacturing capabilities, and led to Turkey becoming a vital part of the
global value chain of international OEMs. The automotive industry in Turkey
today is highly efficient and competitive, meeting international quality and
safety standards, thanks to value-added production. The country is a huge
automotive parts manufacturer, having a number of companies that manufacture
different types of parts for the automotive industry, including steering
systems and suspension parts. All these factors are contributing to the growth
of the market in Turkey.
Get more insights into the Middle East &
Africa Automotive Steering System Market:
COMPETITIVE OUTLOOK
ZF Friedrichshafen AG, Mitsubishi Electric Corporation, NSK Ltd, Robert
Bosch GmbH, Nexteer Automotive Corporation, and Honda Motor Company are some of
the prominent companies present in the automotive steering system market.
1. CHINA AUTOMOTIVE SYSTEMS INC
2. DENSO CORPORATION
3. HITACHI ASTEMO LTD
4. HONDA MOTOR COMPANY
5. HYUNDAI MOBIS
6. JTEKT CORPORATION
7. MANDO CORPORATION
8. MITSUBISHI ELECTRIC CORPORATION
9. NEXTEER AUTOMOTIVE CORPORATION
10. NSK LTD
11. ROBERT BOSCH GMBH
12. THYSSENKRUPP AG
13. ZF FRIEDRICHSHAFEN AG
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