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

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

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the New Zealand Electric Power Steering Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the New Zealand Electric Power Steering Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

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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