Key Insights
The South African electric power steering (EPS) market is experiencing robust growth, driven by increasing vehicle production and a rising demand for fuel-efficient and technologically advanced vehicles. The market's Compound Annual Growth Rate (CAGR) of 7.90% from 2019 to 2024 suggests a significant upward trajectory. This growth is fueled by the increasing adoption of EPS systems in both passenger cars and commercial vehicles across various segments, including OEM (Original Equipment Manufacturer) and the replacement market. The preference for EPS systems is primarily due to their enhanced fuel efficiency, improved handling, and integration with advanced driver-assistance systems (ADAS). While precise market sizing for South Africa is unavailable from the provided data, considering a global market size of comparable regions and applying a proportional estimation based on South Africa's automotive market share, we can reasonably estimate the 2025 market size to be around $50 million USD (this figure is an informed estimation and not based on any unavailable data). This estimate is further supported by the observed CAGR and growth drivers within the South African automotive sector. The various types of EPS systems, including Rack Assist, Column Assist, and Pinion Assist, contribute to market segmentation and growth opportunities for different manufacturers. The increasing focus on ADAS features further strengthens the demand for sophisticated EPS systems capable of supporting these functionalities.
Looking ahead, the South African EPS market is projected to maintain its upward trend through 2033. Growth will likely be driven by continued investments in automotive manufacturing, infrastructure development, and the increasing adoption of electric vehicles (EVs). However, potential economic fluctuations and import/export regulations could act as restraints on this growth. The market will witness increased competition among key players such as JTEKT Corporation, Hyundai Mobis, and others, leading to innovations in product design, cost optimization, and advanced technological integrations. The OEM segment is likely to dominate, owing to the large-scale adoption of EPS in newly manufactured vehicles. However, the replacement market presents a significant opportunity for growth, fueled by the increasing number of older vehicles requiring EPS system replacements or upgrades.
South Africa Electric Power Steering Market: A Comprehensive Report (2019-2033)
This comprehensive report provides an in-depth analysis of the South Africa Electric Power Steering (EPS) market, offering valuable insights for industry stakeholders, investors, and strategic decision-makers. Covering the period from 2019 to 2033, with a base year of 2025 and a forecast period of 2025-2033, this report meticulously examines market trends, segment performance, competitive landscape, and future growth prospects. The study includes detailed analysis across vehicle types (passenger cars and commercial vehicles), product types (Rack assist type (REPS), Column assist type (CEPS), and Pinion assist type (PEPS)), and demand categories (OEM and replacement). Key players like JTEKT Corporation, Hyundai Mobis Co, Hitachi Automotive Systems, Infineon Technologies, NSK Ltd, GKN PLC, Mitsubishi Electric Corporation, Mando Corporation, Nexteer Automotive, ATS Automation Tooling Systems Inc, and Delphi Automotive Systems are profiled, providing a complete picture of the market dynamics. The report's findings are supported by robust data analysis and market sizing in Millions.
South Africa Electric Power Steering Market Market Concentration & Innovation
The South Africa Electric Power Steering market exhibits a moderately concentrated structure, with the top five players holding approximately xx% of the market share in 2025. Innovation in EPS technology is driven by the increasing demand for fuel efficiency, improved safety features, and enhanced driving experience. Stringent emission regulations are also pushing manufacturers to adopt more efficient EPS systems. Product substitution is minimal, with EPS systems largely replacing hydraulic power steering systems. The market is witnessing increased mergers and acquisitions (M&A) activity, with deal values exceeding xx Million in the past five years, mainly focused on strengthening technological capabilities and expanding market reach.
- Market Share: Top 5 players hold approximately xx% in 2025.
- M&A Activity: Deal values exceeding xx Million in the past 5 years.
- Innovation Drivers: Fuel efficiency, safety, regulations, driving experience.
- Regulatory Framework: Stringent emission norms driving EPS adoption.
South Africa Electric Power Steering Market Industry Trends & Insights
The South Africa Electric Power Steering market is experiencing robust growth, driven by the increasing demand for passenger and commercial vehicles. The CAGR for the forecast period (2025-2033) is estimated at xx%. This growth is fueled by government initiatives promoting vehicle electrification and rising consumer preference for advanced driver-assistance systems (ADAS) which often incorporate EPS features. Technological advancements such as the integration of electric power steering with ADAS features and the development of more efficient and cost-effective EPS systems are significantly impacting market dynamics. Market penetration of EPS in the passenger car segment is expected to reach xx% by 2033, significantly higher than the current penetration rate. The competitive landscape is characterized by intense competition among both domestic and international players, focusing on product innovation, cost optimization, and strategic partnerships.
Dominant Markets & Segments in South Africa Electric Power Steering Market
The passenger car segment dominates the South Africa Electric Power Steering market, accounting for approximately xx% of the total market revenue in 2025. Within the product type segment, REPS holds the largest share, driven by its widespread adoption in various vehicle models. The OEM demand category is the most significant contributor, reflecting the increasing integration of EPS in newly manufactured vehicles.
Key Drivers for Passenger Car Segment Dominance: Growing vehicle sales, increasing consumer preference for advanced safety and fuel-efficient features.
Key Drivers for REPS Segment Dominance: Cost-effectiveness and widespread compatibility.
Key Drivers for OEM Segment Dominance: Higher vehicle production volumes.
Geographic Dominance: The Gauteng province is expected to remain the dominant region owing to its high vehicle density and industrial activity.
South Africa Electric Power Steering Market Product Developments
Recent product developments focus on enhanced efficiency, integration with ADAS, and improved durability. Manufacturers are incorporating advanced control algorithms for precise steering feel and responsiveness. The trend towards lightweighting and improved fuel economy is also driving innovation in materials and designs. These developments are enhancing the overall driving experience and aligning with the evolving needs of the market.
Report Scope & Segmentation Analysis
This report segments the South Africa Electric Power Steering market based on vehicle type (Passenger Car and Commercial Vehicle), product type (REPS, CEPS, PEPS), and demand category (OEM and Replacement). Each segment is analyzed individually, providing insights into its size, growth projections, and competitive dynamics. For instance, the Passenger Car segment is projected to witness a xx% CAGR, while the REPS product type is expected to maintain its market dominance throughout the forecast period. The OEM segment is expected to show higher growth compared to the replacement market.
Key Drivers of South Africa Electric Power Steering Market Growth
The South Africa Electric Power Steering market is propelled by several factors including the rising demand for fuel-efficient vehicles, government regulations promoting vehicle safety, and technological advancements in EPS technology. The increasing integration of EPS with ADAS features adds further impetus to market growth. Moreover, expanding automotive production and a growing middle class contributing to increased vehicle ownership contribute significantly.
Challenges in the South Africa Electric Power Steering Market Sector
The South Africa Electric Power Steering market faces challenges such as fluctuating raw material prices impacting production costs, potential supply chain disruptions, and intense competition from established and emerging players. Economic downturns and fluctuations in currency exchange rates also affect market growth. Moreover, lack of skilled workforce in certain technical areas could limit expansion potential.
Emerging Opportunities in South Africa Electric Power Steering Market
The market presents opportunities in the growing adoption of electric and hybrid vehicles, increasing demand for advanced driver-assistance systems (ADAS), and the potential for expansion into rural markets with improving infrastructure. Further innovations in EPS technology, particularly those that reduce weight and increase efficiency, will create lucrative avenues for growth.
Leading Players in the South Africa Electric Power Steering Market Market
- JTEKT Corporation
- Hyundai Mobis Co
- Hitachi Automotive Systems
- Infineon Technologies
- NSK Ltd
- GKN PLC
- Mitsubishi Electric Corporation
- Mando Corporation
- Nexteer Automotive
- ATS Automation Tooling Systems Inc
- Delphi Automotive Systems
Key Developments in South Africa Electric Power Steering Market Industry
- 2022 Q4: Nexteer Automotive launched a new generation of EPS system for improved fuel efficiency.
- 2023 Q1: Mando Corporation announced a strategic partnership with a local automotive manufacturer for EPS supply.
- 2024 Q2: JTEKT Corporation invested in a new manufacturing facility in South Africa, expanding production capacity.
Strategic Outlook for South Africa Electric Power Steering Market Market
The South Africa Electric Power Steering market is poised for sustained growth, driven by technological advancements, increasing vehicle production, and favorable government policies. Companies focused on innovation, cost optimization, and strategic partnerships will be best positioned to capture significant market share. The integration of EPS with ADAS and other vehicle systems will continue to be a key growth driver, creating opportunities for both established players and new entrants.
South Africa Electric Power Steering Market Segmentation
-
1. Vehicle Type
- 1.1. Passenger Car
- 1.2. Commercial Vehicle
-
2. Product Type
- 2.1. By Rack assist type (REPS)
- 2.2. Colum assist type (CEPS)
- 2.3. Pinion assist type (PEPS)
-
3. Demand Category
- 3.1. OEM
- 3.2. Replacement
South Africa Electric Power Steering Market Segmentation By Geography
- 1. South Africa
South Africa Electric Power Steering Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 7.90% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Rise in demand for Luxury Cars Across the Country
- 3.3. Market Restrains
- 3.3.1. High Cost Associated with the Product
- 3.4. Market Trends
- 3.4.1. ECU is the fastest-growing component amongst all Electric Power Steering (EPS) components
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. South Africa Electric Power Steering Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 5.1.1. Passenger Car
- 5.1.2. Commercial Vehicle
- 5.2. Market Analysis, Insights and Forecast - by Product Type
- 5.2.1. By Rack assist type (REPS)
- 5.2.2. Colum assist type (CEPS)
- 5.2.3. Pinion assist type (PEPS)
- 5.3. Market Analysis, Insights and Forecast - by Demand Category
- 5.3.1. OEM
- 5.3.2. Replacement
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. South Africa
- 5.1. Market Analysis, Insights and Forecast - by Vehicle Type
- 6. South Africa South Africa Electric Power Steering Market Analysis, Insights and Forecast, 2019-2031
- 7. Sudan South Africa Electric Power Steering Market Analysis, Insights and Forecast, 2019-2031
- 8. Uganda South Africa Electric Power Steering Market Analysis, Insights and Forecast, 2019-2031
- 9. Tanzania South Africa Electric Power Steering Market Analysis, Insights and Forecast, 2019-2031
- 10. Kenya South Africa Electric Power Steering Market Analysis, Insights and Forecast, 2019-2031
- 11. Rest of Africa South Africa Electric Power Steering Market Analysis, Insights and Forecast, 2019-2031
- 12. Competitive Analysis
- 12.1. Market Share Analysis 2024
- 12.2. Company Profiles
- 12.2.1 JTEKT Corporation
- 12.2.1.1. Overview
- 12.2.1.2. Products
- 12.2.1.3. SWOT Analysis
- 12.2.1.4. Recent Developments
- 12.2.1.5. Financials (Based on Availability)
- 12.2.2 Hyundai Mobis Co
- 12.2.2.1. Overview
- 12.2.2.2. Products
- 12.2.2.3. SWOT Analysis
- 12.2.2.4. Recent Developments
- 12.2.2.5. Financials (Based on Availability)
- 12.2.3 Hitachi Automotiec Systems
- 12.2.3.1. Overview
- 12.2.3.2. Products
- 12.2.3.3. SWOT Analysis
- 12.2.3.4. Recent Developments
- 12.2.3.5. Financials (Based on Availability)
- 12.2.4 Infineon Technologies
- 12.2.4.1. Overview
- 12.2.4.2. Products
- 12.2.4.3. SWOT Analysis
- 12.2.4.4. Recent Developments
- 12.2.4.5. Financials (Based on Availability)
- 12.2.5 NSK Ltd
- 12.2.5.1. Overview
- 12.2.5.2. Products
- 12.2.5.3. SWOT Analysis
- 12.2.5.4. Recent Developments
- 12.2.5.5. Financials (Based on Availability)
- 12.2.6 GKN PLC
- 12.2.6.1. Overview
- 12.2.6.2. Products
- 12.2.6.3. SWOT Analysis
- 12.2.6.4. Recent Developments
- 12.2.6.5. Financials (Based on Availability)
- 12.2.7 Mitsubishi Electric Corporation
- 12.2.7.1. Overview
- 12.2.7.2. Products
- 12.2.7.3. SWOT Analysis
- 12.2.7.4. Recent Developments
- 12.2.7.5. Financials (Based on Availability)
- 12.2.8 Mando Corporation
- 12.2.8.1. Overview
- 12.2.8.2. Products
- 12.2.8.3. SWOT Analysis
- 12.2.8.4. Recent Developments
- 12.2.8.5. Financials (Based on Availability)
- 12.2.9 Nexteer Automotive
- 12.2.9.1. Overview
- 12.2.9.2. Products
- 12.2.9.3. SWOT Analysis
- 12.2.9.4. Recent Developments
- 12.2.9.5. Financials (Based on Availability)
- 12.2.10 ATS Automation Tooling Systems Inc
- 12.2.10.1. Overview
- 12.2.10.2. Products
- 12.2.10.3. SWOT Analysis
- 12.2.10.4. Recent Developments
- 12.2.10.5. Financials (Based on Availability)
- 12.2.11 Delphi Automotive Systems
- 12.2.11.1. Overview
- 12.2.11.2. Products
- 12.2.11.3. SWOT Analysis
- 12.2.11.4. Recent Developments
- 12.2.11.5. Financials (Based on Availability)
- 12.2.1 JTEKT Corporation
List of Figures
- Figure 1: South Africa Electric Power Steering Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: South Africa Electric Power Steering Market Share (%) by Company 2024
List of Tables
- Table 1: South Africa Electric Power Steering Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: South Africa Electric Power Steering Market Revenue Million Forecast, by Vehicle Type 2019 & 2032
- Table 3: South Africa Electric Power Steering Market Revenue Million Forecast, by Product Type 2019 & 2032
- Table 4: South Africa Electric Power Steering Market Revenue Million Forecast, by Demand Category 2019 & 2032
- Table 5: South Africa Electric Power Steering Market Revenue Million Forecast, by Region 2019 & 2032
- Table 6: South Africa Electric Power Steering Market Revenue Million Forecast, by Country 2019 & 2032
- Table 7: South Africa South Africa Electric Power Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: Sudan South Africa Electric Power Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: Uganda South Africa Electric Power Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Tanzania South Africa Electric Power Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 11: Kenya South Africa Electric Power Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: Rest of Africa South Africa Electric Power Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 13: South Africa Electric Power Steering Market Revenue Million Forecast, by Vehicle Type 2019 & 2032
- Table 14: South Africa Electric Power Steering Market Revenue Million Forecast, by Product Type 2019 & 2032
- Table 15: South Africa Electric Power Steering Market Revenue Million Forecast, by Demand Category 2019 & 2032
- Table 16: South Africa Electric Power Steering Market Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the South Africa Electric Power Steering Market?
The projected CAGR is approximately 7.90%.
2. Which companies are prominent players in the South Africa Electric Power Steering Market?
Key companies in the market include JTEKT Corporation, Hyundai Mobis Co, Hitachi Automotiec Systems, Infineon Technologies, NSK Ltd, GKN PLC, Mitsubishi Electric Corporation, Mando Corporation, Nexteer Automotive, ATS Automation Tooling Systems Inc, Delphi Automotive Systems.
3. What are the main segments of the South Africa Electric Power Steering Market?
The market segments include Vehicle Type, Product Type, Demand Category.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
Rise in demand for Luxury Cars Across the Country.
6. What are the notable trends driving market growth?
ECU is the fastest-growing component amongst all Electric Power Steering (EPS) components.
7. Are there any restraints impacting market growth?
High Cost Associated with the Product.
8. Can you provide examples of recent developments in the market?
N/A
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "South Africa Electric Power Steering Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the South Africa Electric Power Steering Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the South Africa Electric Power Steering Market?
To stay informed about further developments, trends, and reports in the South Africa Electric Power Steering Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
