Malaysia Column Assist Type Electronic Power Steering (C-EPS) Market size is expected to develop revenue and exponential market growth at a remarkable CAGR during the forecast period from 2024–2030.
Malaysia's automotive sector is experiencing a significant shift with the increasing adoption of Column Assist Type Electronic Power Steering (C-EPS) systems. These systems are becoming essential due to their compact design, energy efficiency, and compatibility with modern vehicle architectures, particularly in passenger cars.
Globally, the C-EPS market was valued at $11.45 billion in 2023 and is projected to reach $18.72 billion by 2030, growing at a CAGR of 7.42%. In the Asia-Pacific region, which includes Malaysia, the market size was $4.29 billion in 2023, with an expected CAGR of 8.03% from 2024 to 2030. This growth is driven by the demand for fuel-efficient vehicles and advancements in automotive technology.
In Malaysia, the electric power steering market is segmented by type (C-EPS, P-EPS, R-EPS), mechanism (collapsible, rigid), and application (passenger cars, commercial vehicles). The C-EPS segment is gaining traction due to its advantages over traditional hydraulic systems, such as improved fuel efficiency and enhanced driver comfort.
Key factors influencing the adoption of C-EPS in Malaysia include:
Fuel Efficiency: C-EPS systems reduce engine load, leading to better fuel economy.
Enhanced Safety: Integration with advanced driver-assistance systems (ADAS) improves vehicle safety.
Regulatory Compliance: Meeting stringent emission norms and safety standards.
Consumer Demand: Growing preference for vehicles with responsive and comfortable steering.
However, challenges such as the complexity of integrating C-EPS with existing vehicle platforms and the need for skilled labor in manufacturing and maintenance persist. Addressing these challenges requires investment in research and development, as well as workforce training.
Major players in the global C-EPS market include Bosch, NSK, ZF, JTEKT, and Nexteer. These companies are focusing on innovation and expanding their presence in emerging markets like Malaysia to capitalize on the growing demand for advanced steering systems.
In conclusion, the Column Assist Type Electronic Power Steering (C-EPS) market in Malaysia is poised for substantial growth, driven by technological advancements, regulatory requirements, and changing consumer preferences. Industry stakeholders must navigate the challenges and leverage opportunities to stay competitive in this evolving landscape.
Get an In-Depth Research Analysis of the Malaysia Column Assist Type Electronic Power Steering (C-EPS) Market Size And Forecast [2025-2032]
Bosch
NSK
ZF
JTEKT
YKS
Dias Automotive Electronic Systems
Mando
BYD
Nexteer
Hyundai Mobis
Zhejiang Shibao
Thyssenkrupp
By 2030, Malaysia is expected to witness significant momentum in the market research industry, aligning with the global projection of surpassing $120 billion, driven by a compound annual growth rate (CAGR) of over 5.8% from 2023 to 2030. The industry in Malaysia is being reshaped by technological disruptions, particularly through the adoption of machine learning, artificial intelligence, and advanced data analytics. These technologies provide businesses with predictive analysis and real-time consumer insights, enabling smarter and more precise decision-making. As part of the broader Asia-Pacific region, Malaysia is positioned to contribute substantially to the over 35% revenue growth expected from this region. Additionally, the adoption of innovative techniques such as mobile surveys, social listening, and online panels is rapidly gaining ground in Malaysia, emphasizing speed, precision, and customization, and driving a new era of data-driven strategies across industries.
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Growing demand for below applications around the world has had a direct impact on the growth of the Malaysia Column Assist Type Electronic Power Steering (C-EPS) Market
Passenger Cars
Commercial Vehicles
Electric Vehicles
SUVs and Crossovers
Luxury Vehicles
Motor
Electronic Control Unit (ECU)
Torque Sensor
Column Assembly
Power Supply Unit
Brushless DC Motors
Direct Drive Systems
High-Voltage Systems
Integrated Systems
Adaptive Steering Systems
Standard Steering Applications
Advanced Driver Assistance Systems (ADAS)
Autonomous Vehicles
Performance Tuned Systems
Off-Road Capabilities
Original Equipment Manufacturers (OEMs)
Aftermarket Suppliers
Automobile Manufacturers
Fleet Operators
Repair and Maintenance Services
1. Singapore
Relationship: Strong economic ties; major trading partner.
Highlights: Advanced financial and logistics hub; shares deep cross-border business and travel links with Malaysia.
2. Indonesia
Relationship: Largest ASEAN economy; close cultural and linguistic ties.
Highlights: Major market for Malaysian exports; shared initiatives in palm oil, labor, and regional security.
3. Thailand
Relationship: Land-border neighbor with active cross-border trade.
Highlights: Strong tourism, agricultural, and automotive collaboration.
4. Brunei
Relationship: Close diplomatic and energy-sector ties.
Highlights: Joint ventures in oil & gas; similar Malay cultural heritage.
5. Philippines
Relationship: Regional partner in ASEAN; maritime neighbor.
Highlights: Collaborations in education, labor migration, and disaster relief.
6. Vietnam
Relationship: Growing trade and investment partner.
Highlights: Rising manufacturing hub; strong demand for Malaysian technology and services.
7. Cambodia, Laos, and Myanmar
Relationship: Developing ASEAN members with growing economic ties to Malaysia.
Highlights: Opportunities in construction, retail, and financial services.
For More Information or Query, Visit @ Malaysia Column Assist Type Electronic Power Steering (C-EPS) Market Research Analysis
1. Introduction of the Malaysia Column Assist Type Electronic Power Steering (C-EPS) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Malaysia Column Assist Type Electronic Power Steering (C-EPS) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Malaysia Column Assist Type Electronic Power Steering (C-EPS) Market, By Type
6. Malaysia Column Assist Type Electronic Power Steering (C-EPS) Market, By Application
7. Malaysia Column Assist Type Electronic Power Steering (C-EPS) Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia
Vietnam
8. Malaysia Column Assist Type Electronic Power Steering (C-EPS) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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