Middle East & Africa Steering Column Control Module Market Overview:
In 2023, the Middle East & Africa Steering Column Control Module Market was valued at USD 148.86 million and is projected to grow at a CAGR of 4.1% during the forecast period. Steering Column Control Modules (SCCM) are essential devices that connect the steering wheel to the vehicle’s rotational mechanism. These modules, equipped with switches around the steering wheel, consist of a casing and a printed circuit board with two electrical outlets. They serve as the central hub for surrounding systems, enhancing both the safety and convenience of driving.
The market is segmented by steering type, vehicle type, distribution channel, and geography. In terms of product, the market is divided into manual steering and power steering. Based on vehicle type, the market is categorized into commercial vehicles and passenger cars. Regarding distribution channels, the market includes original equipment manufacturers (OEMs) and aftermarket sellers. Geographically, the key regions include South Africa, Nigeria, Saudi Arabia, UAE, Kuwait, Egypt, and the rest of the Middle East and Africa. Market sizing and forecasts for each segment are provided in terms of value (USD million).
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Middle East & Africa Steering Column Control Module Market Dynamics:
Economic Conditions in Gulf Countries:
The economic landscape of Gulf countries, which are more developed compared to many African nations, plays a significant role in shaping the steering column control module market. Factors like the rising number of passenger and commercial vehicles, coupled with advancements in vehicle automation, are driving market growth in the Middle East & Africa region.
High Vehicle Production in Africa:
In 2021, Africa produced a total of 1,122,875 vehicles. This increase in vehicle production, combined with a growing labor force, rising disposable incomes, and higher demand for electric power steering (EPS) systems, is expected to positively impact the African market during the forecast period.
Government Initiatives Supporting Market Growth:
The South African government introduced the South African Automotive Master Plan (SAAM) to strengthen local value chains. This initiative, alongside efforts by automotive manufacturers to establish a stronger presence in South Africa, is poised to benefit the steering column control module market. Additionally, trends in vehicle electrification across the Middle East & Africa are further boosting the demand for electronic power steering systems.
Enhanced Safety Features:
The integration of driver assistance systems in steering column control modules enhances vehicle safety by minimizing the risk of harm. By eliminating the intermediate steering shaft, the modules reduce the chance of injury to the driver from mechanical components, while simultaneously improving passive safety features. The rise in accidents has led to increased demand for advanced safety systems, prompting governments in developing regions to enforce stricter safety regulations and encourage the adoption of various vehicle subsystems.
Middle East & Africa Steering Column Control Module Market Segment Analysis:
By Product:
In 2023, the power steering segment held the largest market share. Power steering requires less effort in critical situations and offers improved safety and control, driving its dominance. Meanwhile, the manual steering segment is expected to experience steady growth over the forecast period due to its lower cost, simplicity, and precise operation requiring more steering input.
By Vehicle Type:
In 2023, commercial vehicles dominated the Middle East & Africa automotive steering system market by vehicle type. This category includes small commercial vehicles, large trucks, buses, and coaches. Commercial vehicles are further classified into light, medium, and heavy commercial vehicles. Light commercial vehicles (LCVs) are those with at least four wheels used for transporting goods. Growing demand for commercial vehicles is expected to drive market growth during the forecast period in the Middle East & Africa Steering Column Control Module market.
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Middle East & Africa Steering Column Control Module Services Market Key Players:
Mitsubishi Electric Corporation (South Korea)
nexteer automotive (US)
NSK Ltd. (Japan)
thyssenkrupp AG. (Germany)
Valeo (France)
Ididit (US)
Key questions answered in the Middle East & Africa Steering Column Control Module Services Market are:
- What is Middle East & Africa Steering Column Control Module Services?
- What was the Middle East & Africa Steering Column Control Module Services market size in 2023?
- What is the growth rate of the Middle East & Africa Steering Column Control Module Services Market?
- Which are the factors expected to drive the Middle East & Africa Steering Column Control Module Services market growth?
- What are the different segments of the Middle East & Africa Steering Column Control Module Services Market?
- What growth strategies are the players considering to increase their presence in Middle East & Africa Steering Column Control Module Services?
- What are the upcoming industry applications and trends for the Middle East & Africa Steering Column Control Module Services Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Middle East & Africa Steering Column Control Module Services Market?
- What segments are covered in the Middle East & Africa Steering Column Control Module Services Market?
- Who are the leading companies and what are their portfolios in Middle East & Africa Steering Column Control Module Services Market?
- What segments are covered in the Middle East & Africa Steering Column Control Module Services Market?
- Who are the key players in the Middle East & Africa Steering Column Control Module Services market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
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- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
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