India Electric Power Steering Market Outlook Report 2025

24/giu/2020 17:00:33 SophiaJones Contatta l'autore

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Market Reports on India Provides the Trending Market Research Report “India Electric Power Steering Market By Type (C-EPS, P-EPS and R-EPS), By Component (Steering Column, Steering Wheel, Sensors, Electronic Control Unit, Electric Motor and Bearings), By Vehicle Type (Passenger Cars, Medium & Heavy Commercial Vehicles, Light Commercial Vehicles and Off-the-Road Vehicles), By Mechanism (Collapsible EPS and Rigid EPS), By Company and By Region, Forecast & Opportunities, 2025under Automotive Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.

India electric power steering market is projected to grow at a robust CAGR over the next five years. The major factors contributing to the growth of the market include increasing vehicle production, growing vehicle sales and stringent government regulations in the country. Furthermore, measures taken by the automakers to reduce the weight and complexity, is positively influencing the electric power steering market of India.

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India electric power steering market is further segmented based on steering type, component type, vehicle type and mechanism type. Based on type, the market is segmented into C-EPS, P-EPS and R-EPS. Rack EPS is projected to be the fastest growing segment of the market due to increasing installation rate of electric power steering in commercial vehicles since R-EPS is mostly used in heavy commercial vehicles. Moreover, vehicle emission regulations in India will further drive the market growth in the country.

The major player operating in India Electric Power Steering Market are Denso Corporation, Mando Corporation, Robert Bosch GMBH, Showa Corporation, JTEKT Corporation, Hyundai Mobis, NSK Ltd, Mitsubishi Corporation, Sona Koyo Steering System, Nexteer. Companies operating in the market are using inorganic strategies such as partnership, mergers & collaboration to increase their share in the market.

Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025

Objective of the Study:

  • To analyse and forecast the market size of Electric Power Steering, in terms of value and volume.
  • To classify and forecast India Electric Power Steering based on type, vehicle type, component, mechanism and regional distribution.
  • To identify drivers and challenges for India Electric Power Steering.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India Electric Power Steering.
  • To conduct the pricing analysis for Electric Power Steering.
  • To identify and analyse the profile of leading players involved in the manufacturing of India Electric Power Steering.

Our Research performed both primary as well as exhaustive secondary research for this study. Initially, Our Research sourced a list of manufacturers across India. Subsequently, Our Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Our Research could include the manufacturers which could not be identified due to the limitations of secondary research. Our Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across India.

Our Research calculated the market size of India Electric Power Steering using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. Our Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by Our Research.

Key Target Audience:

  • Electric Power Steering manufacturers
  • Automobile manufacturers
  • Raw material suppliers
  • Electric power steering design companies
  • Distributors and traders
  • Research organizations and consulting companies.
  • Research Institutes
  • Industry associations
  • Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:
In this report, India Electric Power Steering market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • India Electric Power Steering Market, By Type:
  • India Electric Power Steering Market, By Component:
    Steering Column
    Steering Wheel
    Electronic Control Unit
    Electric Motor
    Bearings Wheat
  • India Electric Power Steering Market, By Vehicle Type:
    Passenger Car
    Medium & Heavy Commercial Vehicles
    Light Commercial Vehicles
    Off-the-Road Vehicles
  • India Electric Power Steering Market, By Mechanism:
    Collapsible EPS
    Rigid EPS
  • India Electric Power Steering Market, By Region:

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Electric Power Steering.

Available Customizations:
With the given market data, Our Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information
Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis
Profit margin analysis in case of direct and indirect sales channel.

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