Automotive Power Steering Motors Market size was valued at USD 12.5 Billion in 2024 and is forecasted to grow at a CAGR of 6% from 2026 to 2033, reaching USD 20.3 Billion by 2033.
The Automotive Power Steering Motors Market in Malaysia is experiencing significant growth, driven by advancements in automotive technologies and the increasing demand for more efficient, cost-effective solutions in steering systems. These motors play a crucial role in enhancing the driving experience by providing better control and reducing the physical effort required for steering, making them an essential component in modern vehicles.
The market for automotive power steering motors is mainly segmented into electric power steering (EPS) and hydraulic power steering (HPS). However, electric power steering motors are rapidly gaining popularity due to their energy efficiency, lighter weight, and more advanced features like variable steering assistance. EPS motors use an electric motor to assist in steering, which is typically controlled by a sensor system that adjusts the level of assistance based on vehicle speed, road conditions, and steering input. On the other hand, hydraulic power steering relies on hydraulic fluid pressure to aid the steering process, although it is gradually being phased out in favor of more environmentally friendly and energy-efficient electric systems.
Industries across Malaysia are increasingly recognizing the importance of power steering motors to enhance vehicle performance and reduce energy consumption. Automotive manufacturers, particularly those producing compact cars, SUVs, and electric vehicles, are increasingly demanding high-quality power steering motors. With rising consumer expectations for fuel-efficient and eco-friendly vehicles, the automotive industry has become a major driver of the demand for advanced steering technologies.
Malaysia's automotive sector is supported by a robust network of suppliers and manufacturers who cater to the growing needs of vehicle producers, making it a key player in the global automotive supply chain. The country's market dynamics are further shaped by the government's push for green technologies and the growing adoption of electric vehicles (EVs). As EVs require specialized power steering motors that are lightweight and energy-efficient, the demand for these motors is expected to surge in the coming years.
Moreover, the increasing number of collaborations between local automotive manufacturers and global suppliers is propelling the growth of the automotive power steering motors market in Malaysia. These partnerships aim to ensure the availability of high-quality, cost-effective motors that meet international standards and regulations, thus supporting Malaysia’s ambition to become a leading hub for automotive manufacturing in Southeast Asia.
As the automotive industry in Malaysia continues to evolve, it is clear that the demand for advanced power steering systems will continue to grow, further driving innovation and the development of new motor technologies that enhance vehicle performance, safety, and sustainability.
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Bosch
Valeo
Mahle
Brose
Johnson Electric
Nidec
Mabuchi
Asmo
Mitsuba
Broad Ocean
Denso
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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 Automotive Power Steering Motors Market
Brushless DC Motors
Brush DC Motors
Step Motors
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Elderly & Disabled Transport
Electronic Power Steering (EPS)
Hydraulic Power Steering (HPS)
Electro-Hydraulic Power Steering (EHPS)
OEM (Original Equipment Manufacturer)
Aftermarket
Standard Vehicles
Sport and Performance Vehicles
Luxury Vehicles
Electric and Hybrid Vehicles
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.
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1. Introduction of the Malaysia Automotive Power Steering Motors 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 Automotive Power Steering Motors Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Malaysia Automotive Power Steering Motors Market, By Type
6. Malaysia Automotive Power Steering Motors Market, By Application
7. Malaysia Automotive Power Steering Motors Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia
Vietnam
8. Malaysia Automotive Power Steering Motors Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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