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PUBLISHER: KBV Research | PRODUCT CODE: 1336017
PUBLISHER: KBV Research | PRODUCT CODE: 1336017
LAMEA Automotive Electric Power Steering Market Size, Share & Industry Trends Analysis Report By Propulsion Type, By Component, By Vehicle Type, By Type, By Country and Growth Forecast, 2023 - 2030
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The Latin America, Middle East and Africa Automotive Electric Power Steering Market would witness market growth of 7.5% CAGR during the forecast period (2023-2030).
The electric power steering (EPS) system assists the driver in steering the vehicle with ease. The system employs an electric motor affixed to the steering rack or column. Motor-mounted sensors assess the driver's torque or rotational effort to the steering wheel. The information gathered by the sensors is used to determine how much steering assistance the front axles require from the driver. The vehicle's speed is the most important factor when assessing the output provided by EPS. Electric power steering (EPS) increases vehicle safety while improving handling and steering control by applying torque to vehicle speed and supplying active torque in hazardous driving situations.
OEMs are integrating advanced sensors into the EPS to enhance the vehicle's overall performance and safety. Using multiple steering sensors in electric power steering (EPS) contributes to the driver's enhanced protection. In addition, the government's adoption of stringent fuel efficiency standards and international safety measures are viewed as significant catalysts for the growth and advancement of advanced steering systems (like EPS) that employ steering sensors extensively.
The UAE's commercial vehicle industry will continue to grow due to the massive infrastructural and planned housing projects. In contrast to heavy retail vehicle sales, which will continue to be bolstered by substantial infrastructure and other development projects, light commercial vehicle sales should continue to soar due to more excellent businesses and investments linked to growing migration from nearby nations. Additionally, the demand for buses and minibuses will continue to rise favorably to meet the needs of the UAE's expanding tourism and hospitality industries and the increasing need for use by construction workers. With the burgeoning demand for automobiles, the need for electric power steering would also rise, resulting in market growth.
The Brazil market dominated the LAMEA Automotive Electric Power Steering Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $593.4 million by 2030. The Argentina market is showcasing a CAGR of 8.1% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.2% during (2023 - 2030).
Based on Propulsion Type, the market is segmented into ICE and Electric. Based on Component, the market is segmented into Steering Column, Electric Control Unit, Electric Motor, Rack & Pinion and Others. Based on Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. Based on Type, the market is segmented into Column Electric Power Steering, Rack Electric Power Steering and Pinion Electric Power Steering. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NSK Ltd., Robert Bosch GmbH, HL Mando Corporation, Hitachi, Ltd., JTEKT Corporation, ZF Friedrichshafen AG, Thyssenkrupp AG, BBB Industries (Clearlake Capital Group, L.P.), Nexteer Automotive (Pacific Century Motors) and Zhejiang Shibao Co., Ltd.
Scope of the Study
Market Segments covered in the Report:
By Propulsion Type
- ICE
- Electric
By Component
- Steering Column
- Electric Control Unit
- Electric Motor
- Rack & Pinion
- Others
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Type
- Column Electric Power Steering
- Rack Electric Power Steering
- Pinion Electric Power Steering
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- NSK Ltd.
- Robert Bosch GmbH
- HL Mando Corporation
- Hitachi, Ltd.
- JTEKT Corporation
- ZF Friedrichshafen AG
- Thyssenkrupp AG
- BBB Industries (Clearlake Capital Group, L.P.)
- Nexteer Automotive (Pacific Century Motors)
- Zhejiang Shibao Co., Ltd.
Unique Offerings from KBV Research
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 LAMEA Automotive Electric Power Steering Market, by Propulsion Type
- 1.4.2 LAMEA Automotive Electric Power Steering Market, by Component
- 1.4.3 LAMEA Automotive Electric Power Steering Market, by Vehicle Type
- 1.4.4 LAMEA Automotive Electric Power Steering Market, by Type
- 1.4.5 LAMEA Automotive Electric Power Steering Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter's Five Forces Analysis
Chapter 4. Strategies Deployed in Automotive Electric Power Steering Market
Chapter 5. LAMEA Automotive Electric Power Steering Market by Propulsion Type
- 5.1 LAMEA ICE Market by Country
- 5.2 LAMEA Electric Market by Country
Chapter 6. LAMEA Automotive Electric Power Steering Market by Component
- 6.1 LAMEA Steering Column Market by Country
- 6.2 LAMEA Electric Control Unit Market by Country
- 6.3 LAMEA Electric Motor Market by Country
- 6.4 LAMEA Rack & Pinion Market by Country
- 6.5 LAMEA Others Market by Country
Chapter 7. LAMEA Automotive Electric Power Steering Market by Vehicle Type
- 7.1 LAMEA Passenger Cars Market by Country
- 7.2 LAMEA Commercial Vehicles Market by Country
Chapter 8. LAMEA Automotive Electric Power Steering Market by Type
- 8.1 LAMEA Column Electric Power Steering Market by Country
- 8.2 LAMEA Rack Electric Power Steering Market by Country
- 8.3 LAMEA Pinion Electric Power Steering Market by Country
Chapter 9. LAMEA Automotive Electric Power Steering Market by Country
- 9.1 Brazil Automotive Electric Power Steering Market
- 9.1.1 Brazil Automotive Electric Power Steering Market by Propulsion Type
- 9.1.2 Brazil Automotive Electric Power Steering Market by Component
- 9.1.3 Brazil Automotive Electric Power Steering Market by Vehicle Type
- 9.1.4 Brazil Automotive Electric Power Steering Market by Type
- 9.2 Argentina Automotive Electric Power Steering Market
- 9.2.1 Argentina Automotive Electric Power Steering Market by Propulsion Type
- 9.2.2 Argentina Automotive Electric Power Steering Market by Component
- 9.2.3 Argentina Automotive Electric Power Steering Market by Vehicle Type
- 9.2.4 Argentina Automotive Electric Power Steering Market by Type
- 9.3 UAE Automotive Electric Power Steering Market
- 9.3.1 UAE Automotive Electric Power Steering Market by Propulsion Type
- 9.3.2 UAE Automotive Electric Power Steering Market by Component
- 9.3.3 UAE Automotive Electric Power Steering Market by Vehicle Type
- 9.3.4 UAE Automotive Electric Power Steering Market by Type
- 9.4 Saudi Arabia Automotive Electric Power Steering Market
- 9.4.1 Saudi Arabia Automotive Electric Power Steering Market by Propulsion Type
- 9.4.2 Saudi Arabia Automotive Electric Power Steering Market by Component
- 9.4.3 Saudi Arabia Automotive Electric Power Steering Market by Vehicle Type
- 9.4.4 Saudi Arabia Automotive Electric Power Steering Market by Type
- 9.5 South Africa Automotive Electric Power Steering Market
- 9.5.1 South Africa Automotive Electric Power Steering Market by Propulsion Type
- 9.5.2 South Africa Automotive Electric Power Steering Market by Component
- 9.5.3 South Africa Automotive Electric Power Steering Market by Vehicle Type
- 9.5.4 South Africa Automotive Electric Power Steering Market by Type
- 9.6 Nigeria Automotive Electric Power Steering Market
- 9.6.1 Nigeria Automotive Electric Power Steering Market by Propulsion Type
- 9.6.2 Nigeria Automotive Electric Power Steering Market by Component
- 9.6.3 Nigeria Automotive Electric Power Steering Market by Vehicle Type
- 9.6.4 Nigeria Automotive Electric Power Steering Market by Type
- 9.7 Rest of LAMEA Automotive Electric Power Steering Market
- 9.7.1 Rest of LAMEA Automotive Electric Power Steering Market by Propulsion Type
- 9.7.2 Rest of LAMEA Automotive Electric Power Steering Market by Component
- 9.7.3 Rest of LAMEA Automotive Electric Power Steering Market by Vehicle Type
- 9.7.4 Rest of LAMEA Automotive Electric Power Steering Market by Type
Chapter 10. Company Profiles
- 10.1 NSK Ltd.
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 Research & Development Expenses
- 10.1.5 Recent strategies and developments:
- 10.1.5.1 Partnerships, Collaborations, and Agreements:
- 10.1.5.2 Geographical Expansions:
- 10.1.6 SWOT Analysis
- 10.2 Robert Bosch GmbH
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expense
- 10.2.5 SWOT Analysis
- 10.3 HL Mando Corporation
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Regional Analysis
- 10.3.4 Research & Development Expenses
- 10.3.5 Recent strategies and developments:
- 10.3.5.1 Partnerships, Collaborations, and Agreements:
- 10.3.6 SWOT Analysis
- 10.4 Hitachi, Ltd.
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental and Regional Analysis
- 10.4.4 Research & Development Expenses
- 10.4.5 Recent strategies and developments:
- 10.4.5.1 Partnerships, Collaborations, and Agreements:
- 10.4.6 SWOT Analysis
- 10.5 JTEKT Corporation
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Segmental Analysis
- 10.5.4 Research & Development Expenses
- 10.5.5 Recent strategies and developments:
- 10.5.5.1 Acquisition and Mergers:
- 10.5.6 SWOT Analysis
- 10.6 ZF Friedrichshafen AG
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Regional Analysis
- 10.6.4 Research & Development Expenses
- 10.6.5 Recent strategies and developments:
- 10.6.5.1 Partnerships, Collaborations, and Agreements:
- 10.6.6 SWOT Analysis
- 10.7 Thyssenkrupp AG
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental and Regional Analysis
- 10.7.4 Research & Development Expenses
- 10.7.5 SWOT Analysis
- 10.8 BBB Industries (Clearlake Capital Group, L.P.)
- 10.8.1 Company Overview
- 10.8.2 Recent strategies and developments:
- 10.8.2.1 Acquisition and Mergers:
- 10.8.3 SWOT Analysis
- 10.9 Nexteer Automotive (Pacific Century Motors)
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Regional Analysis
- 10.9.4 Recent strategies and developments:
- 10.9.4.1 Product Launches and Product Expansions:
- 10.9.5 SWOT Analysis
- 10.10. Zhejiang Shibao Co., Ltd.
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Regional Analysis
- 10.10.4 Research & Development Expenses
LIST OF TABLES
- TABLE 1 LAMEA Automotive Electric Power Steering Market, 2019 - 2022, USD Million
- TABLE 2 LAMEA Automotive Electric Power Steering Market, 2023 - 2030, USD Million
- TABLE 3 LAMEA Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
- TABLE 4 LAMEA Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
- TABLE 5 LAMEA ICE Market by Country, 2019 - 2022, USD Million
- TABLE 6 LAMEA ICE Market by Country, 2023 - 2030, USD Million
- TABLE 7 LAMEA Electric Market by Country, 2019 - 2022, USD Million
- TABLE 8 LAMEA Electric Market by Country, 2023 - 2030, USD Million
- TABLE 9 LAMEA Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
- TABLE 10 LAMEA Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
- TABLE 11 LAMEA Steering Column Market by Country, 2019 - 2022, USD Million
- TABLE 12 LAMEA Steering Column Market by Country, 2023 - 2030, USD Million
- TABLE 13 LAMEA Electric Control Unit Market by Country, 2019 - 2022, USD Million
- TABLE 14 LAMEA Electric Control Unit Market by Country, 2023 - 2030, USD Million
- TABLE 15 LAMEA Electric Motor Market by Country, 2019 - 2022, USD Million
- TABLE 16 LAMEA Electric Motor Market by Country, 2023 - 2030, USD Million
- TABLE 17 LAMEA Rack & Pinion Market by Country, 2019 - 2022, USD Million
- TABLE 18 LAMEA Rack & Pinion Market by Country, 2023 - 2030, USD Million
- TABLE 19 LAMEA Others Market by Country, 2019 - 2022, USD Million
- TABLE 20 LAMEA Others Market by Country, 2023 - 2030, USD Million
- TABLE 21 LAMEA Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 22 LAMEA Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 23 LAMEA Passenger Cars Market by Country, 2019 - 2022, USD Million
- TABLE 24 LAMEA Passenger Cars Market by Country, 2023 - 2030, USD Million
- TABLE 25 LAMEA Commercial Vehicles Market by Country, 2019 - 2022, USD Million
- TABLE 26 LAMEA Commercial Vehicles Market by Country, 2023 - 2030, USD Million
- TABLE 27 LAMEA Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
- TABLE 28 LAMEA Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
- TABLE 29 LAMEA Column Electric Power Steering Market by Country, 2019 - 2022, USD Million
- TABLE 30 LAMEA Column Electric Power Steering Market by Country, 2023 - 2030, USD Million
- TABLE 31 LAMEA Rack Electric Power Steering Market by Country, 2019 - 2022, USD Million
- TABLE 32 LAMEA Rack Electric Power Steering Market by Country, 2023 - 2030, USD Million
- TABLE 33 LAMEA Pinion Electric Power Steering Market by Country, 2019 - 2022, USD Million
- TABLE 34 LAMEA Pinion Electric Power Steering Market by Country, 2023 - 2030, USD Million
- TABLE 35 LAMEA Automotive Electric Power Steering Market by Country, 2019 - 2022, USD Million
- TABLE 36 LAMEA Automotive Electric Power Steering Market by Country, 2023 - 2030, USD Million
- TABLE 37 Brazil Automotive Electric Power Steering Market, 2019 - 2022, USD Million
- TABLE 38 Brazil Automotive Electric Power Steering Market, 2023 - 2030, USD Million
- TABLE 39 Brazil Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
- TABLE 40 Brazil Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
- TABLE 41 Brazil Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
- TABLE 42 Brazil Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
- TABLE 43 Brazil Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 44 Brazil Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 45 Brazil Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
- TABLE 46 Brazil Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
- TABLE 47 Argentina Automotive Electric Power Steering Market, 2019 - 2022, USD Million
- TABLE 48 Argentina Automotive Electric Power Steering Market, 2023 - 2030, USD Million
- TABLE 49 Argentina Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
- TABLE 50 Argentina Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
- TABLE 51 Argentina Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
- TABLE 52 Argentina Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
- TABLE 53 Argentina Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 54 Argentina Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 55 Argentina Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
- TABLE 56 Argentina Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
- TABLE 57 UAE Automotive Electric Power Steering Market, 2019 - 2022, USD Million
- TABLE 58 UAE Automotive Electric Power Steering Market, 2023 - 2030, USD Million
- TABLE 59 UAE Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
- TABLE 60 UAE Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
- TABLE 61 UAE Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
- TABLE 62 UAE Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
- TABLE 63 UAE Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 64 UAE Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 65 UAE Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
- TABLE 66 UAE Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
- TABLE 67 Saudi Arabia Automotive Electric Power Steering Market, 2019 - 2022, USD Million
- TABLE 68 Saudi Arabia Automotive Electric Power Steering Market, 2023 - 2030, USD Million
- TABLE 69 Saudi Arabia Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
- TABLE 70 Saudi Arabia Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
- TABLE 71 Saudi Arabia Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
- TABLE 72 Saudi Arabia Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
- TABLE 73 Saudi Arabia Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 74 Saudi Arabia Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 75 Saudi Arabia Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
- TABLE 76 Saudi Arabia Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
- TABLE 77 South Africa Automotive Electric Power Steering Market, 2019 - 2022, USD Million
- TABLE 78 South Africa Automotive Electric Power Steering Market, 2023 - 2030, USD Million
- TABLE 79 South Africa Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
- TABLE 80 South Africa Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
- TABLE 81 South Africa Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
- TABLE 82 South Africa Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
- TABLE 83 South Africa Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 84 South Africa Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 85 South Africa Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
- TABLE 86 South Africa Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
- TABLE 87 Nigeria Automotive Electric Power Steering Market, 2019 - 2022, USD Million
- TABLE 88 Nigeria Automotive Electric Power Steering Market, 2023 - 2030, USD Million
- TABLE 89 Nigeria Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
- TABLE 90 Nigeria Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
- TABLE 91 Nigeria Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
- TABLE 92 Nigeria Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
- TABLE 93 Nigeria Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 94 Nigeria Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 95 Nigeria Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
- TABLE 96 Nigeria Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
- TABLE 97 Rest of LAMEA Automotive Electric Power Steering Market, 2019 - 2022, USD Million
- TABLE 98 Rest of LAMEA Automotive Electric Power Steering Market, 2023 - 2030, USD Million
- TABLE 99 Rest of LAMEA Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
- TABLE 100 Rest of LAMEA Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
- TABLE 101 Rest of LAMEA Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
- TABLE 102 Rest of LAMEA Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
- TABLE 103 Rest of LAMEA Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 104 Rest of LAMEA Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 105 Rest of LAMEA Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
- TABLE 106 Rest of LAMEA Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
- TABLE 107 Key Information - Nsk ltd.
- TABLE 108 Key Information - Robert Bosch GmbH
- TABLE 109 Key Information - HL Mando Corporation
- TABLE 110 Key Information - Hitachi, Ltd.
- TABLE 111 Key information - JTEKT Corporation
- TABLE 112 Key Information - ZF Friedrichshafen AG
- TABLE 113 Key Information - ThyssenKrupp AG
- TABLE 114 Key Information - BBB Industries
- TABLE 115 Key Information - Nexteer Automotive
- TABLE 116 Key Information - Zhejiang Shibao Co., Ltd.
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