| Product Code: ETC5894514 | 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 |
Suriname electric power steering import market in 2024 saw significant contributions from top exporting countries including Netherlands, USA, Italy, Ireland, and China. Despite the high concentration with a high Herfindahl-Hirschman Index (HHI), the market witnessed remarkable growth with a Compound Annual Growth Rate (CAGR) of 26.25% from 2020 to 2024. However, there was a slight decline in the growth rate from 2023 to 2024 at -24.09%, indicating a potential shift in market dynamics that importers should monitor closely.

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 Suriname Electric Power Steering Market Overview |
3.1 Suriname Country Macro Economic Indicators |
3.2 Suriname Electric Power Steering Market Revenues & Volume, 2021 & 2031F |
3.3 Suriname Electric Power Steering Market - Industry Life Cycle |
3.4 Suriname Electric Power Steering Market - Porter's Five Forces |
3.5 Suriname Electric Power Steering Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Suriname Electric Power Steering Market Revenues & Volume Share, By Mechanism, 2021 & 2031F |
3.7 Suriname Electric Power Steering Market Revenues & Volume Share, By Off-Highway, 2021 & 2031F |
3.8 Suriname Electric Power Steering Market Revenues & Volume Share, By Components, 2021 & 2031F |
3.9 Suriname Electric Power Steering Market Revenues & Volume Share, By Electric Motor? , 2021 & 2031F |
3.10 Suriname Electric Power Steering Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Suriname Electric Power Steering Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer demand for fuel-efficient vehicles |
4.2.2 Growing awareness about the benefits of electric power steering systems |
4.2.3 Government regulations promoting the adoption of eco-friendly technologies in vehicles |
4.3 Market Restraints |
4.3.1 High initial costs associated with electric power steering systems |
4.3.2 Lack of skilled technicians for installation and maintenance of electric power steering systems |
4.3.3 Limited availability of charging infrastructure for electric vehicles in Suriname |
5 Suriname Electric Power Steering Market Trends |
6 Suriname Electric Power Steering Market Segmentations |
6.1 Suriname Electric Power Steering Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Suriname Electric Power Steering Market Revenues & Volume, By CEPS, 2021-2031F |
6.1.3 Suriname Electric Power Steering Market Revenues & Volume, By PEPS, 2021-2031F |
6.1.4 Suriname Electric Power Steering Market Revenues & Volume, By REPS, 2021-2031F |
6.2 Suriname Electric Power Steering Market, By Mechanism |
6.2.1 Overview and Analysis |
6.2.2 Suriname Electric Power Steering Market Revenues & Volume, By Collapsible, 2021-2031F |
6.2.3 Suriname Electric Power Steering Market Revenues & Volume, By Rigid, 2021-2031F |
6.3 Suriname Electric Power Steering Market, By Off-Highway |
6.3.1 Overview and Analysis |
6.3.2 Suriname Electric Power Steering Market Revenues & Volume, By Construction, 2021-2031F |
6.3.3 Suriname Electric Power Steering Market Revenues & Volume, By Agricultural, 2021-2031F |
6.4 Suriname Electric Power Steering Market, By Components |
6.4.1 Overview and Analysis |
6.4.2 Suriname Electric Power Steering Market Revenues & Volume, By Steering column, 2021-2031F |
6.4.3 Suriname Electric Power Steering Market Revenues & Volume, By Sensors, 2021-2031F |
6.4.4 Suriname Electric Power Steering Market Revenues & Volume, By Steering gear, 2021-2031F |
6.4.5 Suriname Electric Power Steering Market Revenues & Volume, By Mechanical rack and pinion, 2021-2031F |
6.4.6 Suriname Electric Power Steering Market Revenues & Volume, By Electronic control unit, 2021-2031F |
6.4.7 Suriname Electric Power Steering Market Revenues & Volume, By Electric motor, 2021-2031F |
6.5 Suriname Electric Power Steering Market, By Electric Motor? |
6.5.1 Overview and Analysis |
6.5.2 Suriname Electric Power Steering Market Revenues & Volume, By Brush motor, 2021-2031F |
6.5.3 Suriname Electric Power Steering Market Revenues & Volume, By Brushless motor, 2021-2031F |
6.6 Suriname Electric Power Steering Market, By Application |
6.6.1 Overview and Analysis |
6.6.2 Suriname Electric Power Steering Market Revenues & Volume, By Passenger Cars (PC), 2021-2031F |
6.6.3 Suriname Electric Power Steering Market Revenues & Volume, By Commercial Vehicles (CV), 2021-2031F |
7 Suriname Electric Power Steering Market Import-Export Trade Statistics |
7.1 Suriname Electric Power Steering Market Export to Major Countries |
7.2 Suriname Electric Power Steering Market Imports from Major Countries |
8 Suriname Electric Power Steering Market Key Performance Indicators |
8.1 Average fuel efficiency improvement in vehicles with electric power steering systems |
8.2 Number of automotive manufacturers incorporating electric power steering systems in their vehicle models |
8.3 Growth rate of electric vehicle sales in Suriname |
8.4 Average maintenance cost comparison between traditional and electric power steering systems |
9 Suriname Electric Power Steering Market - Opportunity Assessment |
9.1 Suriname Electric Power Steering Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Suriname Electric Power Steering Market Opportunity Assessment, By Mechanism, 2021 & 2031F |
9.3 Suriname Electric Power Steering Market Opportunity Assessment, By Off-Highway, 2021 & 2031F |
9.4 Suriname Electric Power Steering Market Opportunity Assessment, By Components, 2021 & 2031F |
9.5 Suriname Electric Power Steering Market Opportunity Assessment, By Electric Motor? , 2021 & 2031F |
9.6 Suriname Electric Power Steering Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Suriname Electric Power Steering Market - Competitive Landscape |
10.1 Suriname Electric Power Steering Market Revenue Share, By Companies, 2024 |
10.2 Suriname Electric Power Steering Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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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