Market Share of Africa Middle East Automotive Eps Industry
The Africa Middle East Automotive Power Steering Market is consolidated with existing market players such as JTEKT, Bosch, NSK, and Nexteer Automotive, which hold the most significant shares. To have an edge over their competitors' companies are making joint ventures, partnerships, and launching new products with advanced technology.
This new facility will manufacture Electric Power Steering (EPS) systems for Group PSA, as well as Driveline systems for FCA, Groupe PSA, and Renault-Nissan-Mitsubishi Alliance. The company expects to hire around 500 people at the Kenitra plant by 2020.
Stellantis, which was formed in January 2021 by the merger of Fiat Chrysler and PSA, announced in September that its supermini electric car Opel Rocks-e would be manufactured at the PSA plant in Kenitra, northeast of Rabat, with a capacity of 200,000 vehicles per year. Stellantis, the world's fourth-largest automaker, intends to increase its spending on Moroccan-made parts from EUR 600 million to EUR 3 billion by 2025.
MEA Automotive EPS Market Leaders
Delphi Automotive Systems
ATS Automation Tooling Systems Inc.
ZF Friedrichshafen AG
Robert Bosch GmbH.
NSK Ltd.
*Disclaimer: Major Players sorted in no particular order
