Market Size of South Africa Electric Power Steering Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.90 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South Africa Electric Power Steering Market Analysis
South Africa Automotive Electric Power Steering Market is anticipated to register a CAGR of about 7.9% during the forecast period (2020 - 2025).
Automotive EPS Motor is an integral component, due to its basic functionality of allowing the driver to steer the car by augmenting steering efforts needed to turn the steering wheel. Factors such as extensive ownership of personal vehicles and growing technological advancements will see the rise of the EPS market.
Among regions, the United Kingdom is one of the dominating nations in the automotive EPS market. The EPS market is primarily driven by the growing luxury vehicle production and sales, owing to the increasing preference for safety and comfort. Also, rapid electrification of vehicles and rising stringency of emission norms in developed economies such as the United Kingdom is expected to increase the demand for EPS installed cars.
The rising popularity of self-driving vehicles fueled demand for the electric power steering system market and the ECU worldwide. Vehicles that are equipped with EPS tend to have a reduced overall weight, which further increases fuel efficiency.
South Africa Electric Power Steering Industry Segmentation
The South Africa Electric Power Steering Market report covers the latest technology trends and provides an analysis of various areas of the market demand by EPS type, application, and demand category. The country-level analysis and market share of significant EPS manufacturing companies across the globe will be provided in the report's scope.
| Vehicle Type | |
| Passenger Car | |
| Commercial Vehicle |
| Product Type | |
| By Rack assist type (REPS) | |
| Colum assist type (CEPS) | |
| Pinion assist type (PEPS) |
| Demand Category | |
| OEM | |
| Replacement |
South Africa Electric Power Steering Market Size Summary
The South Africa Automotive Electric Power Steering (EPS) market is poised for significant growth, driven by the increasing ownership of personal vehicles and advancements in automotive technology. EPS systems are crucial for enhancing driver control by augmenting the steering effort required to turn the wheel, thereby improving comfort and reducing driver fatigue. The market is influenced by the rising production and sales of luxury vehicles, which prioritize safety and comfort features. Additionally, the rapid electrification of vehicles and stringent emission norms in developed economies are propelling the demand for EPS-equipped cars. The global trend towards self-driving vehicles further fuels the market, as EPS systems contribute to reduced vehicle weight and improved fuel efficiency.
The market landscape in South Africa is characterized by the presence of major players such as JTEKT Corporation, ZF Friedrichshafen AG, NSK Ltd, Mitsubishi Electric Corporation, and Nexteer Automotive, who hold significant market shares. These companies are engaging in strategic partnerships, joint ventures, and the launch of technologically advanced products to maintain a competitive edge. The integration of advanced safety systems in vehicles is becoming a priority, driven by consumer demand for enhanced safety features and government regulations on fuel efficiency and safety. As a result, automobile manufacturers are increasingly incorporating EPS systems and related technologies to meet these demands, making advanced steering systems more accessible beyond premium vehicles.
South Africa Electric Power Steering Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porters Five Force Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Vehicle Type
-
2.1.1 Passenger Car
-
2.1.2 Commercial Vehicle
-
-
2.2 Product Type
-
2.2.1 By Rack assist type (REPS)
-
2.2.2 Colum assist type (CEPS)
-
2.2.3 Pinion assist type (PEPS)
-
-
2.3 Demand Category
-
2.3.1 OEM
-
2.3.2 Replacement
-
-
South Africa Electric Power Steering Market Size FAQs
What is the current South Africa Electric Power Steering Market size?
The South Africa Electric Power Steering Market is projected to register a CAGR of 7.90% during the forecast period (2024-2029)
Who are the key players in South Africa Electric Power Steering Market?
ATS Automation Tooling Systems Inc, Delphi Automotive Systems , GKN PLC, Hitachi Automotive Systems and Hyundai Mobis Co. are the major companies operating in the South Africa Electric Power Steering Market.
