Middle East & Africa Automotive Steering System Market

The Middle East & Africa automotive steering system market was valued at US$ 658.37 million in 2021 and is projected to reach US$ 805.86 million by 2028; it is expected to grow at a CAGR of 2.9% from 2021 to 2028. 

Rise in Integration of EPS and Advanced Driver-Assistance Systems (ADAS) is Driving the Middle East & Africa Automotive Steering System Market 

The automotive industry has reacted to the global demand to reduce emissions by accelerating the electrification of several typically mechanical systems. Anything from supercharging to power steering has been electrified to minimize emissions while also improving safety, simplifying operations, and providing a better driving experience. Electronic power steering systems have many advantages over their hydraulic counterparts, including reduced weight, maintenance, and fuel consumption, as well as improved variable steering response at various speeds. Simultaneously, the simplicity of integrating features such as electronic stability control and self-parking is fueling their demand. Owing to the versatility of EPS, many manufacturers are working on integrating it with other smart systems already in use in ADAS to increase vehicle safety and enhance the driving experience. For instance, Maserati switched its Ghibli, Quattroporte, and Levante models to electronic power steering in the models introduced in 2018, allowing new driver assistance systems. Similarly, Nexteer Automotive Corporation also introduced EPS that ensures safety through driver assistance by the integration ADAS systems with the electronic power steering systems.

Middle East & Africa Automotive Steering System Market Overview  

The Middle East & Africa includes South Africa and the Rest of Middle East & Africa. The region is expected to see a rapid rise in marketing and industrialization, which would further propel the growth of diverse industries, including automotive. The Gulf countries are economically advanced, while the African countries still have to balance with the economic conditions of the Gulf countries. Several factors such as increase in passenger cars and commercial vehicles on the road, rise in demand for electric vehicles, and introduction of automated technology integrated cars, are positively affecting the automotive steering system market. In 2020, 720,156 units of vehicles were produced in Africa. Increasing car production and sales, growing disposable incomes, and rising demand for automotive steering systems are driving the market in the Middle East & Africa. 

Middle East & Africa Automotive Steering System Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Automotive Steering System Strategic Insights

Strategic insights for the Middle East & Africa Automotive Steering System provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East & Africa Automotive Steering System Report Scope

Middle East & Africa Automotive Steering System Regional Insights

The geographic scope of the Middle East & Africa Automotive Steering System refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Middle East & Africa Automotive Steering System Market Segmentation 

The Middle East & Africa automotive steering system market is segmented into type, product type, vehicle type, and country.

The Middle East & Africa automotive steering system market, by type, is segmented into electronic power steering, hydraulic power steering, electro-hydraulic power steering. The electronic power steering accounted for the highest share in the Middle East & Africa automotive steering system market in 2021. 

The Middle East & Africa automotive steering system market, by product type, is bifurcated into column drive and rack drive. The rack drive segment held the largest market share in 2021.

The Middle East & Africa automotive steering system market, based on vehicle type, is segmented into passenger vehicles and commercial vehicles. In 2021, the passenger vehicle segment accounted for the highest share in the Middle East & Africa automotive steering system market.  

Based on country, the Middle East & Africa automotive steering system market is segmented into South Africa and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the market in 2021.

Nexteer Automotive Corp; JTEKT Corp; Mando Co Ltd; NSK Ltd; and ThyssenKrupp AG are the leading companies operating in the Middle East & Africa automotive steering system market.