India Electronic Power Steering (EPS) Market By Prominent Key Players (JTEKT, Nexteer, Denso, ZF India, Robert Bosch GmbH), CAGR Analysis, Competitive Market Share and Forecasts 2018 – 2023

Marketprognosis.com Publish a New Market Research Report On “India Electronic Power Steering (EPS) Market - Segmented by Type, Component Type, and Vehicle Type - Growth, Trends, and Forecast (2018 - 2023)” which contains India key player’s survey information and forecast to 2023.

Overview of the India Electronic Power Steering (EPS) Market:

The report spread across 80 pages is an overview of the India Electronic Power Steering (EPS) Market - Segmented by Type, Component Type, and Vehicle Type - Growth, Trends, and Forecast (2018 - 2023). These report study based on the Electronic Power Steering (EPS) Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

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The India Electronic Power Steering (EPS) Market is expected to grow at an impressive Compound Annual Growth Rate (CAGR) from 2018 to 2023.

Over the years, the demand for fuel-efficient vehicles has been growing, continually. Automotive manufacturers have always focused on the same by reducing weight wherever possible, which is considered to be a good technique in decreasing the fuel consumption. One such area where weight reduction is popular is steering system, in which bulky mechanical parts are replaced with light-weight electric parts that reduce the vehicle’s weight while providing a comfortable steering pleasure.

Currently, India follows BS IV norms that allow emissions of 0.74 g/km of CO & 0.39 g/km of NOx for light-duty diesel vehicles and 2.27 g/km & 0.11 g/km for light-duty petrol vehicles. This has forced steering system manufacturers to introduce new technologies that can reduce the systems’ weight, which directly results in lesser emission. This requirement has pushed the market from hydraulic or mechanical steering systems to electric power steering systems which consist of lesser mechanical parts that reduce the weight and decrease emissions from vehicles.

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India is moving towards becoming an all-electric vehicle country and in support to this the government has introduced various schemes for faster adoption and manufacturing of electric and hybrid vehicles in India under the National Electric Mobility Mission 2020. This move by the government is expected to encourage the progressive induction of reliable, affordable, and efficient electric and hybrid vehicles in the country. Electric and hybrid vehicles have an extensive range of features, which include a mandatory electric power steering. Therefore, the growth of electric vehicles is expected to significantly help augment the growth of the electric power steering market.

Major Key Players:

1 JTEKT

2 Nexteer Corporation

3 Denso Corporation

4 ZF India

5 Anand Group

6 Sona Koyo Steering Systems Ltd

7 Robert Bosch GmbH

8 Rane Group

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Electronic Power Steering (EPS) Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Market Insights

4 Market Dynamics

5 Market Segmentation and Analysis (Market Size, Growth, and Forecast)

6 Future of the Market

7 Competitive Landscape

8 Company Profiles (Company Overview, Financials**, Products & Services, Recent Developments, And Analyst View)

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