Malaysia Electric Power Steering Market (2025-2031) Outlook | Companies, Size, Analysis, Growth, Revenue, Trends, Share, Industry, Value & Forecast

malaysia electric power steering market overview

The Malaysia electric power steering market is witnessing notable growth due to the benefits of electric power steering systems, including improved fuel efficiency and enhanced driver comfort. As consumers seek vehicles with better fuel economy and responsive steering, electric power steering systems are gaining popularity in the country.

Drivers of the Market

The growth of the Malaysia electric power steering market is propelled by the need for enhanced steering precision and efficiency. Electric power steering systems offer better control and fuel efficiency compared to traditional hydraulic systems. Consumers and automakers prioritize these advantages, leading to a shift towards electric power steering, which is expected to continue to drive market growth.

Challenges of the Market

The Malaysia electric power steering market confronts several challenges as it advances in response to changing automotive trends. One notable challenge is the increased complexity of modern vehicles, which require more sophisticated and responsive electric power steering systems. The market must address concerns related to reliability and safety, as any failure in the steering system can have severe consequences. Moreover, electric power steering systems are highly reliant on electronic components, which makes them susceptible to issues related to cybersecurity and electronic malfunctions. The market must continually invest in research and development to create dependable and technologically advanced power steering solutions while ensuring they are affordable and accessible to a broad range of consumers.

Covid-19 Impact of the Market

The COVID-19 pandemic significantly influenced the Malaysia electric power steering market. The nationwide lockdowns and restrictions led to a temporary cessation of automotive production and sales, directly impacting the demand for electric power steering systems. Automakers faced challenges in sourcing components and faced delays in production schedules. Nevertheless, as the market adapted to the new normal, there was a noticeable surge in the adoption of electric power steering systems owing to their efficiency and sustainability benefits. This shift in preference was further bolstered by regulatory initiatives and consumer demand for environmentally-friendly automotive solutions.

Leading Players of the Market

The electric power steering (EPS) market in Malaysia is experiencing significant growth, driven by the increasing demand for fuel-efficient and environmentally friendly vehicles. Major players in this market include companies like JTEKT Corporation, TRW Automotive, and NSK Ltd. These companies have been instrumental in the development and implementation of advanced EPS solutions in various vehicle models. Additionally, partnerships with local automotive manufacturers have further bolstered the presence of EPS technology in the Malaysia automotive sector.

Key Highlights of the Report:

• Malaysia Electric Power Steering Market Outlook
• Market Size of Malaysia Electric Power Steering Market, 2024
• Forecast of Malaysia Electric Power Steering Market, 2031
• Historical Data and Forecast of Malaysia Electric Power Steering Revenues & Volume for the Period 2021-2031
• Malaysia Electric Power Steering Market Trend Evolution
• Malaysia Electric Power Steering Market Drivers and Challenges
• Malaysia Electric Power Steering Price Trends
• Malaysia Electric Power Steering Porter's Five Forces
• Malaysia Electric Power Steering Industry Life Cycle
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By CEPS for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By PEPS for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By REPS for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Mechanism for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Collapsible for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Rigid for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Off-Highway for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Construction for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Agricultural for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Components for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Steering column for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Sensors for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Steering gear for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Mechanical rack and pinion for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Electronic control unit for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Electric motor for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Bearing for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Electric Motor for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Brush motor for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Brushless motor for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Passenger Cars (PC) for the Period 2021-2031
• Historical Data and Forecast of Malaysia Electric Power Steering Market Revenues & Volume By Commercial Vehicles (CV) for the Period 2021-2031
• Malaysia Electric Power Steering Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Mechanism
• Market Opportunity Assessment By Off-Highway
• Market Opportunity Assessment By Components
• Market Opportunity Assessment By Electric Motor
• Market Opportunity Assessment By Application
• Malaysia Electric Power Steering Top Companies Market Share
• Malaysia Electric Power Steering Competitive Benchmarking By Technical and Operational Parameters
• Malaysia Electric Power Steering Company Profiles
• Malaysia Electric Power Steering Key Strategic Recommendations