ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Middle East and Africa Automotive Steering System Market to 2028 - Featuring Denso, Hitachi Astemo and Hyundai Mobis Among Others - ResearchAndMarkets.com

December 20, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Dec 20, 2021--

The “Middle East And Africa Automotive Steering System Market 2021-2028” report has been added to ResearchAndMarkets.com’s offering.

The publisher’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.

ADVERTISEMENT

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.

Companies Mentioned

  • China Automotive Systems Inc
  • Denso Corporation
  • Hitachi Astemo Ltd
  • Honda Motor Company
  • Hyundai Mobis
  • Jtekt Corporation
  • Mando Corporation
  • Mitsubishi Electric Corporation
  • Nexteer Automotive Corporation
  • Nsk Ltd
  • Robert Bosch Gmbh

Key Topics Covered:

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 Sensors9

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

ADVERTISEMENT

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

7. Research Methodology & Scope

For more information about this report visit https://www.researchandmarkets.com/r/7y1cl

View source version on businesswire.com:https://www.businesswire.com/news/home/20211220005513/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD: MIDDLE EAST AFRICA

INDUSTRY KEYWORD: AFTERMARKET AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 12/20/2021 09:02 AM/DISC: 12/20/2021 09:03 AM

http://www.businesswire.com/news/home/20211220005513/en