Light Commercial Vehicle EPS Market Revenue was valued at USD 4.56 Billion in 2024 and is estimated to reach USD 8.92 Billion by 2033, growing at a CAGR of 7.95% from 2026 to 2033.
The Malaysia Light Commercial Vehicle EPS (Electric Power Steering) market is growing steadily, driven by the increasing demand for fuel-efficient, environmentally friendly vehicles in the automotive sector. As the country embraces modern technologies in transportation, the adoption of Electric Power Steering (EPS) systems has emerged as a key innovation. EPS offers numerous advantages over traditional hydraulic steering systems, including improved fuel efficiency, reduced weight, and enhanced driving comfort. These benefits make it an attractive option for light commercial vehicles (LCVs), which are crucial in Malaysia's growing logistics and delivery industries.
The market for Light Commercial Vehicle EPS systems in Malaysia is influenced by a variety of factors, including government policies aimed at reducing carbon emissions, the growing emphasis on eco-friendly vehicles, and the rising demand for advanced safety features in vehicles. The Malaysian automotive industry is also witnessing a shift towards electric and hybrid vehicles, which further drives the need for more efficient steering systems like EPS. This technological shift is not only limited to the passenger vehicle market but extends to light commercial vehicles, including vans, trucks, and small delivery vehicles that are vital to the nation’s economy.
Industries in Malaysia require high-performance, reliable, and cost-effective EPS systems to meet the specific needs of light commercial vehicles. The logistics, transportation, and retail sectors are especially keen on adopting vehicles that can carry heavy loads while providing optimal steering control and comfort for drivers. The demand for EPS in these sectors is also driven by the need to reduce vehicle maintenance costs, improve fuel efficiency, and comply with stricter environmental regulations. Furthermore, as more consumers shift toward online shopping, the need for efficient last-mile delivery solutions has boosted the demand for modern light commercial vehicles equipped with EPS systems.
One of the key requirements for industries using Light Commercial Vehicle EPS systems is adaptability to various vehicle types and sizes. EPS technology needs to be scalable, ensuring that it works seamlessly across a range of light commercial vehicles, from small delivery vans to larger utility trucks. Another critical factor is the durability of the system, especially given the demanding operating conditions in the logistics and transportation sectors. As the market for electric and hybrid vehicles continues to expand, industries are increasingly looking for EPS systems that are compatible with these types of vehicles, which offer both performance and sustainability.
The Malaysia Light Commercial Vehicle EPS market is poised for growth as demand for more advanced, efficient, and eco-friendly steering systems increases. With the government's support for green technologies and a growing emphasis on sustainability, the future of EPS in Malaysia's light commercial vehicle market looks bright.
Get an In-Depth Research Analysis of the Malaysia Light Commercial Vehicle EPS Market Size And Forecast [2025-2032]
Â
JTEKT
NSK
Nexteer
ZF
Mobis
Showa
Thyssenkrupp
Mando
Â
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.
Â
Get Discount On The Purchase of the Malaysia Light Commercial Vehicle EPS Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Malaysia Light Commercial Vehicle EPS Market
Light Delivery Vans
Pickup Trucks
Chassis Cabs
Cutaway Vans
Logistics and Transportation
Construction and Infrastructure
Food and Beverage Distribution
Service and Maintenance
Front-Wheel Drive (FWD)
Rear-Wheel Drive (RWD)
All-Wheel Drive (AWD)
Hydraulic EPS (Electric Power Steering)
Column-integrated EPS
Rack-mounted EPS
Retail and E-commerce
Telecommunications
Agriculture
Public Sector (Municipal 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 Light Commercial Vehicle EPS Market Research Analysis
1. Introduction of the Malaysia Light Commercial Vehicle 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 Light Commercial Vehicle EPS Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Malaysia Light Commercial Vehicle EPS Market, By Type
6. Malaysia Light Commercial Vehicle EPS Market, By Application
7. Malaysia Light Commercial Vehicle EPS Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia
Vietnam
8. Malaysia Light Commercial Vehicle EPS Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/