UAE Electric Power Steering Market By Type (C-EPS, P-EPS and R-EPS), By Component (Steering Column, Steering Wheel, Sensors, Electronic Control Unit, Electric Motor and Bearings), By Vehicle Type (Passenger Cars, Medium & Heavy Commercial Vehicles, Light Commercial Vehicles and Off-the-Road Vehicles), By Mechanism (Collapsible EPS and Rigid EPS), By Company and By Region, Forecast & Opportunities,
Published Date: April - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationUAE Electric Power Steering Market size
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The size of UAE Electric Power Steering Market was USD 24.1 billion in 2023 and is projected to reach USD 39.50 billion by 2032 and to grow at a CAGR of 4.57% during the forecast period 2024-2032.
UAE electric power steering market would witness a strong CAGR growth during the period of next five years owing to high volume of government norms, mandates based on fuel-efficient technologies and rising vehicle sales in UAE. Escalating demand for passenger cars as well as commercial vehicle owing to the rise in population and new expansion projects of several automotive manufacturing firms are to be executed in near future. Nissan and other firms have an intention to double middle east production by 2024, which will drive the demand for UAE electric power steering market through 2028.
In mechanism type, foldable electric power steering system is anticipated to witness the maximum growth between 2023-2028F as a result of technological advancements and usage of these systems in electric as well as in traditional vehicles. Additionally, increasing demand to minimize the overall weight of vehicles and improved fuel efficiency will further increase the demand for electric power steering market in UAE.
Key Growth Drivers
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Increased Vehicle Sales
The UAE has a growing automotive industry, leading to a higher demand for steering systems, including EPS.
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Advancements in Technology
EPS systems offer benefits like improved fuel efficiency and enhanced driving experiences, making them increasingly popular.
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Government Regulations
Measures to reduce emissions and improve vehicle safety are driving the adoption of EPS, which is often lighter and more efficient than hydraulic systems.
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Market Trends
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Collapsible EPS (CEPS)
CEPS, which collapses the steering column in a crash, is a popular choice for enhanced safety.
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Rigid EPS (REPS)
REPS, known for its improved fuel efficiency and performance, is also gaining traction.
key players
NSK Ltd
Mitsubishi Corporation
Sona Koyo Steering System
Nexteer
Thyssenkrupp AG
Objective of the Study
- To analyse and forecast the market size of UAE electric power steering market, in terms of value and volume.
- To classify and forecast UAE electric power steering market based on type, vehicle type, component, mechanism, and regional distribution.
- To identify drivers and challenges for UAE electric power steering market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in UAE electric power steering market.
- To conduct the pricing analysis for UAE electric power steering market.
- To identify and analyse the profile of leading players involved in the manufacturing of UAE electric power steering market.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across UAE. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across UAE.
Key Target Audience
- Electric Power Steering manufacturers
- Automobile manufacturers
- Raw material suppliers
- Electric power steering design companies
- Distributors and traders
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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Attribute |
Details |
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Base Year |
2022 |
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Historic Data |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
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Report coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments covered |
· Type · Component · Vehicle Type · Mechanism |
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Country scope |
Dubai, Abu Dhabi, Sharjah & Rest of UAE |
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Key companies profiled |
Mando Corporation, Robert Bosch GMBH, Showa Corporation, JTEKT Corporation, Hyundai Mobis, NSK Ltd, Mitsubishi Corporation, Sona Koyo Steering System, Nexteer, Thyssenkrupp AG |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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