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

Name: New Zealand Electric Power Steering Market (2025-2031) | Forecast & Value
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Type (CEPS, PEPS, REPS), By Mechanism (Collapsible, Rigid), By Off-Highway (Construction, Agricultural), By Components (Steering column, Sensors, Steering gear, Mechanical rack and pinion, Electronic control unit, Electric motor, Bearing), By Electric Motor‚ (Brush motor, Brushless motor), By Application (Passenger Cars (PC), Commercial Vehicles (CV)) And Competitive Landscape

Product Code: ETC5894486	Publication Date: Nov 2023	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 60	No. of Figures: 30	No. of Tables: 5

New Zealand Electric Power Steering Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, New Zealand continued to see a steady influx of electric power steering imports, with key exporting countries being Australia, China, Japan, USA, and Germany. The market remained highly competitive with a low Herfindahl-Hirschman Index (HHI) concentration. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-2024 was a robust 8.28%. This indicates a sustained interest and demand for electric power steering systems in New Zealand, with diverse sources contributing to the market`s growth.

New Zealand Electric Power Steering Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

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

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 New Zealand Electric Power Steering Market Overview

3.1 New Zealand Country Macro Economic Indicators

3.2 New Zealand Electric Power Steering Market Revenues & Volume, 2021 & 2031F

3.3 New Zealand Electric Power Steering Market - Industry Life Cycle

3.4 New Zealand Electric Power Steering Market - Porter's Five Forces

3.5 New Zealand Electric Power Steering Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 New Zealand Electric Power Steering Market Revenues & Volume Share, By Mechanism, 2021 & 2031F

3.7 New Zealand Electric Power Steering Market Revenues & Volume Share, By Off-Highway, 2021 & 2031F

3.8 New Zealand Electric Power Steering Market Revenues & Volume Share, By Components, 2021 & 2031F

3.9 New Zealand Electric Power Steering Market Revenues & Volume Share, By Electric Motor? , 2021 & 2031F

3.10 New Zealand Electric Power Steering Market Revenues & Volume Share, By Application, 2021 & 2031F

4 New Zealand Electric Power Steering Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for fuel-efficient vehicles driving the adoption of electric power steering systems in New Zealand.

4.2.2 Growing focus on vehicle safety and driver assistance features boosting the sales of electric power steering systems.

4.2.3 Technological advancements leading to enhanced performance and efficiency of electric power steering systems.

4.3 Market Restraints

4.3.1 High initial cost of electric power steering systems limiting mass adoption in the market.

4.3.2 Limited availability of skilled technicians for installation and maintenance of electric power steering systems.

4.3.3 Concerns regarding the reliability and durability of electric power steering systems in harsh environmental conditions.

5 New Zealand Electric Power Steering Market Trends

6 New Zealand Electric Power Steering Market Segmentations

6.1 New Zealand Electric Power Steering Market, By Type

6.1.1 Overview and Analysis

6.1.2 New Zealand Electric Power Steering Market Revenues & Volume, By CEPS, 2021-2031F

6.1.3 New Zealand Electric Power Steering Market Revenues & Volume, By PEPS, 2021-2031F

6.1.4 New Zealand Electric Power Steering Market Revenues & Volume, By REPS, 2021-2031F

6.2 New Zealand Electric Power Steering Market, By Mechanism

6.2.1 Overview and Analysis

6.2.2 New Zealand Electric Power Steering Market Revenues & Volume, By Collapsible, 2021-2031F

6.2.3 New Zealand Electric Power Steering Market Revenues & Volume, By Rigid, 2021-2031F

6.3 New Zealand Electric Power Steering Market, By Off-Highway

6.3.1 Overview and Analysis

6.3.2 New Zealand Electric Power Steering Market Revenues & Volume, By Construction, 2021-2031F

6.3.3 New Zealand Electric Power Steering Market Revenues & Volume, By Agricultural, 2021-2031F

6.4 New Zealand Electric Power Steering Market, By Components

6.4.1 Overview and Analysis

6.4.2 New Zealand Electric Power Steering Market Revenues & Volume, By Steering column, 2021-2031F

6.4.3 New Zealand Electric Power Steering Market Revenues & Volume, By Sensors, 2021-2031F

6.4.4 New Zealand Electric Power Steering Market Revenues & Volume, By Steering gear, 2021-2031F

6.4.5 New Zealand Electric Power Steering Market Revenues & Volume, By Mechanical rack and pinion, 2021-2031F

6.4.6 New Zealand Electric Power Steering Market Revenues & Volume, By Electronic control unit, 2021-2031F

6.4.7 New Zealand Electric Power Steering Market Revenues & Volume, By Electric motor, 2021-2031F

6.5 New Zealand Electric Power Steering Market, By Electric Motor?

6.5.1 Overview and Analysis

6.5.2 New Zealand Electric Power Steering Market Revenues & Volume, By Brush motor, 2021-2031F

6.5.3 New Zealand Electric Power Steering Market Revenues & Volume, By Brushless motor, 2021-2031F

6.6 New Zealand Electric Power Steering Market, By Application

6.6.1 Overview and Analysis

6.6.2 New Zealand Electric Power Steering Market Revenues & Volume, By Passenger Cars (PC), 2021-2031F

6.6.3 New Zealand Electric Power Steering Market Revenues & Volume, By Commercial Vehicles (CV), 2021-2031F

7 New Zealand Electric Power Steering Market Import-Export Trade Statistics

7.1 New Zealand Electric Power Steering Market Export to Major Countries

7.2 New Zealand Electric Power Steering Market Imports from Major Countries

8 New Zealand Electric Power Steering Market Key Performance Indicators

8.1 Average fuel efficiency improvement percentage in vehicles equipped with electric power steering systems.

8.2 Number of new vehicle models in New Zealand integrating electric power steering as a standard feature.

8.3 Percentage increase in the adoption of electric power steering systems in commercial vehicle segments.

8.4 Average maintenance cost reduction percentage for vehicles using electric power steering systems.

8.5 Number of technological patents filed related to electric power steering systems in New Zealand.

9 New Zealand Electric Power Steering Market - Opportunity Assessment

9.1 New Zealand Electric Power Steering Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 New Zealand Electric Power Steering Market Opportunity Assessment, By Mechanism, 2021 & 2031F

9.3 New Zealand Electric Power Steering Market Opportunity Assessment, By Off-Highway, 2021 & 2031F

9.4 New Zealand Electric Power Steering Market Opportunity Assessment, By Components, 2021 & 2031F

9.5 New Zealand Electric Power Steering Market Opportunity Assessment, By Electric Motor? , 2021 & 2031F

9.6 New Zealand Electric Power Steering Market Opportunity Assessment, By Application, 2021 & 2031F

10 New Zealand Electric Power Steering Market - Competitive Landscape

10.1 New Zealand Electric Power Steering Market Revenue Share, By Companies, 2024

10.2 New Zealand Electric Power Steering Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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