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Market Research Report
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941922

India Electric Power Steering Market By Type, By Component, By Vehicle Type, By Mechanism, By Company and By Region, Forecast & Opportunities, 2025

Published: | TechSci Research | 76 Pages | Delivery time: 2-3 business days

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India Electric Power Steering Market By Type, By Component, By Vehicle Type, By Mechanism, By Company and By Region, Forecast & Opportunities, 2025
Published: June 1, 2020
TechSci Research
Content info: 76 Pages
Delivery time: 2-3 business days
  • ALL
  • Description
  • Table of Contents
Description

Title:
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, 2025.

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.

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.

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

TechSci 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. TechSci 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 TechSci 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:

C-EPS

P-EPS

R-EPS

  • India Electric Power Steering Market, By Component:

Steering Column

Steering Wheel

Sensors

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:

North

South

East

West

Competitive Landscape

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

Available Customizations:

With the given market data, TechSci 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.
Table of Contents
Product Code: 2144

Table of Contents

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on India Electric Power Steering Market

4. Executive Summary

5. Voice of Customer

  • 5.1. Product Awareness
  • 5.2. Product Pricing
  • 5.3. Product Quality
  • 5.4. Challenges & Unmet Needs

6. India Electric Power Steering Market Overview

7. India Electric Power Steering Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value & Volume
  • 7.2. Market Share & Forecast
    • 7.2.1. By Type (C-EPS, P-EPS and R-EPS)
    • 7.2.2. By Component (Steering Column, Steering Wheel, Sensors, Electronic Control Unit, Electric Motor and Bearings)
    • 7.2.3. By Vehicle Type (Passenger Cars, Medium & Heavy Commercial Vehicles, Light Commercial Vehicles and Off-the-Road Vehicles)
    • 7.2.4. By Mechanism (Collapsible EPS and Rigid EPS)
    • 7.2.5. By Company
    • 7.2.6. By Region
  • 7.3. Market Attractiveness Index

8. India Passenger Cars Electric Power Steering Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value & Volume
  • 8.2. Market Share & Forecast
    • 8.2.1. By Type
    • 8.2.2. By Component

9. India Light Commercial Vehicle Electric Power Steering Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value & Volume
  • 9.2. Market Share & Forecast
    • 9.2.1. By Type
    • 9.2.2. By Component

10. India Medium & Heavy Commercial Vehicle Electric Power Steering Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value & Volume
  • 10.2. Market Share & Forecast
    • 10.2.1. By Type
    • 10.2.2. By Component

11. India OTR Electric Power Steering Market Outlook

  • 11.1. Market Size & Forecast
    • 11.1.1. By Value & Volume
  • 11.2. Market Share & Forecast
    • 11.2.1. By Type
    • 11.2.2. By Component

12. Supply Chain Analysis

13. Market Dynamics

  • 13.1. Drivers
  • 13.2. Challenges

14. Market Trends & Developments

15. Policy & Regulatory Landscape

16. India Economic Profile

17. Competitive Landscape

  • 17.1. Denso Corporation
  • 17.2. Mando Corporation
  • 17.3. Robert Bosch GMBH
  • 17.4. Showa Corporation
  • 17.5. JTEKT Corporation
  • 17.6. Hyundai Mobis
  • 17.7. NSK Ltd
  • 17.8. Mitsubishi Corporation
  • 17.9. Sona Koyo Steering System
  • 17.10. Nexteer

18. Strategic Recommendations

19. About Us & Disclaimer