Indian Automotive Steering System Market Forecast and Analysis (2019-2026), by Type and Vehicle Type.

Indian Automotive Steering System Market Forecast and Analysis (2019-2026), by Type and Vehicle Type.

Market Scenario

Indian Automotive Steering System Market was valued at USD xx billion in 2018 and is expected to reach at USD xx billion by 2026 at a CAGR of xx% during forecast period 2019 -2026.Indian Automotive Steering System Market Segmentation by Vehicle TypeAn Automotive steering system is set of components used to control the direction of vehicle motion and help driver manoeuvre the vehicle as per the requirement. The hand-operated steering wheel, steering column, universal joints and rack & pinion mechanism contribute to the automotive steering system component. The development has led to change the steering system from manual steering to power assist steering system. Indian Automotive Steering System Market drivers and Restrains The rapid expansion of the automotive sector in India is the primary factor responsible for the robust growth of the automotive steering system market. An automotive sector in the India is presently driven by the increasing disposable income of the middle-class population and the rising investment on automobiles by manufacturers. Initiatives taken by the government under the “Make in India” campaign has also encouraged the development of the automotive sector. Considering the direct impact of the growth of the automotive sector in India on the demand for automotive steering system market is poised for a stable future in forecast period. However, first and second quarter 2019 results are not encouraging in automobile sector in India. By March 2019 passenger vehicle sales dipped by 2.96%, commercial vehicles by 0.28%, two-wheelers by 17.31% and three-wheelers 8.54. However, at Maximize, we are expecting the recovery by first quarter 2020. The effective steering system is accountable for increase in fuel efficiency of the vehicle. Hence, the increase in demand for fuel efficient vehicle results in increase in demand for steering system. Also, the consumers prefer driving comfort in their vehicles, which includes the effortless driving and operation of the vehicle. The driving comfort is achieved by using effective steering system resulting in increase in demand for steering system implementing growth of this Indian Automotive steering system market. However, the high cost associated with power steering system is anticipated to hamper the growth of the Indian Automotive steering system market. Indian Automotive Steering System Market Segment Analysis: Based on Vehicle Type Indian Automotive Steering System Market is segmented into Passenger Vehicle and Commercial Vehicle. Passenger vehicle segment is expected to drive the Indian automotive steering system market. The dynamic outlook of the Indian economy and the growing purchasing power of the consumer are two of the most important factors responsible for the rising demand for passenger cars in India. This, in turn, is predicted to drive the automotive steering system market at a CAGR of xx% during the forecast period. Indian Automotive Steering System Market Segmentation by Vehicle Type Based on type Indian Automotive Steering System Market is segmented into Hydraulic Power Steering, Electronic Power Steering, and Electro-Hydraulic Power Steering System. Electronic Power steering system Segment is expected to exhibit highest market share during forecast period.

Scope of Report:

Indian Automotive Steering System Market Segmentation by Type

• Hydraulic Power Steering • Electronic Power Steering • Electro-Hydraulic Power Steering System

Indian Automotive Steering System Market Segmentation by Vehicle Type

• Passenger Vehicle • Commercial Vehicle

Indian Automotive Steering System Market Major Players

• JTEKT Corporation • Nexteer Automotive • Mando Corporation • ThyssenKrupp Presta AG • Showa Corporation • NSK Ltd • Mitsubishi Electric Corporation • Sona Koyo Steering Systems Ltd • Hyundai Mobis Co. Ltd. Global Specialty Tapes Market

Table of Contents

Indian Automotive Sterring System Market

1. PREFACE 1.1 Report Scope and Market Segmentation 1.2 Research Highlights 1.3 Research Objectives 1.4 Key Questions Answered 2. ASSUMPTIONS AND RESEARCH METHODOLOGY 2.1 Report Assumptions 2.2 Abbreviations Used 2.3 Research Methodology 3. EXECUTIVE SUMMARY 3.1 Indian Automotive Sterring system Market Size, by Market Value (US$ Bn) 4. INDIAN AUTOMOTIVE INDUSTRY: CURRENT SCENARIO AND WAY FORWARD 4.1 Overview 4.2 Macro-Economic Factors 4.2.1 GDP growth rate and forecast 4.2.2 Per capita income 4.2.3 Demographic Dividend 4.2.4 Rate of Savings 4.2.5 Rate of Expenditure 4.3 Automotive Production and Sales Statistics 2015-2018 and Production by Key players in Industry by 2023 4.3.1 Commercial Vehicles 4.3.2 Passenger Vehicles 4.3.3 Electric Vehicles 4.3.4 Two-wheelers 4.4 Regulatory Framework 5. INDIAN AUTOMOTIVE STERRING SYSTEM MARKET OUTLOOK 5.1 Indian Automotive Sterring System Market, Market Definition, Segmentation and Scope of Study 5.2 Indian Automotive Sterring System Market, Market Dynamics 5.2.1 Drivers 5.2.2 Restraints 5.2.3 Opportunities 5.3 Indian Automotive Sterring System Market, Value Chain Analysis 5.4 Indian Automotive Sterring System Market, Porter’s Analysis 5.5 Indian Automotive Sterring System Market, PESTEL Analysis 5.6 Indian Automotive Sterring System Market, SWOT Analysis 5.7 Indian Automotive Sterring System Market, Key Findings 5.7.1 Indian Automotive Sterring System Market, Top Wining Strategies 5.7.2 Indian Automotive Sterring System Market, Top Investment Pockets 5.7.3 Indian Automotive Sterring System Market, Top Impacting Factors 5.8 Indian Automotive Sterring System Market, Ecosystem Mapping 5.9 Indian Automotive Sterring System Market, Business Case Study 6. Indian Automotive Sterring System Market, Import/Export Trade Analysis 7. Indian Automotive Sterring System Market, by sterring type 7.1 Indian Automotive Sterring System Market, Type segment Market Share analysis 7.2 Indian Automotive Sterring System Market, Brake Type segment Market Size and Forecast 2019-2026 7.3 Indian Automotive Sterring System Market by Hydraulic Power Steering 7.4 Indian Automotive Sterring System Market by Electronic Power Steering 7.5 Indian Automotive Sterring System Market by Electro-Hydraulic Power Steering System 7.6 Indian Automotive Sterring System Market by sterring type, Key Trends 7.6 Indian Automotive Sterring System Market by sterring type, Key Developments 7.7 Indian Automotive Sterring System Market by sterring type, Attractive Analysis 8. Indian Automotive Sterring System Market, By Vehicle Type 8.1 Indian Automotive Sterring System Market, Vehicle segment Market Share Analysis 8.2 Indian Automotive Sterring System Market, Vehicle segment Market Size and Forecast 2019-2026 8.3 Indian Automotive Sterring System Market by Passenger Vehicle 8.4 Indian Automotive Sterring System Market by Heavy Commercial Vehicle 8.5 Indian Automotive Sterring System Market by Light Commercial Vehicle 8.6 Indian Automotive Sterring System Market by Vehicle, Key Trends 8.7 Indian Automotive Sterring System Market by Vehicle, Key Developments 8.8 Indian Automotive Sterring System Market by Vehicle, Attractive Analysis 9. COMPITITIVE LANDSCAPE 9.1 Indian Automotive Sterring System Market Share/ Positioning Analysis 9.2 Indian Automotive Sterring System Market: Key Innovators 9.4 Indian Automotive Sterring System Market, Company Profiles 9.4 JTEKT Corporation 9.4.1. Overview 9.4.2. Product/Service Portfolio 9.4.3. Key Financials 9.4.4. Strategic Initiatives 9.4.5. SWOT Analysis 9.4.6. Competitive Assessment 9.4.7. Nexteer Automotive 9.4.8. Mando Corporation 9.4.9. ThyssenKrupp Presta AG 9.4.10. Showa Corporation 9.4.11. NSK Ltd 9.4.12. Mitsubishi Electric Corporation 9.4.13. Sona Koyo Steering Systems Ltd 10. CONSOLIDATION 10.1 Indian Automotive Sterring System Market: Mergers and Acquisitions 10.1.1 Overview 10.1.2 Indian Automotive Sterring System Market, Key Drivers – By Region 10.1.3 Indian Automotive Sterring System Market, M&A Breakdown 10.1.3.1 Brake Type Based 10.1.3.2 Vehicle Based 10.1.3.3 Asset & Non-Asset Based 10.1.3.4 Venture Capitalist Based 10.2 Fragmentation of Indian Automotive Sterring System Market 10.3 Indian Automotive Sterring System Market, Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 10.4 Indian Automotive Sterring System Market - New/Emerging Models of Partnerships, Key Examples 10.5 Indian Automotive Sterring System Market, New/Emerging Business Models, Key Examples 10.6 Indian Automotive Sterring System Market - Changing Investment Paradigm, Focused areas by Key Players 10.7 Indian Automotive Sterring System Market - Patent Analysis

About This Report

Report ID33589
Category Automotive and Transportation
Published DateAug 2019
No of Pages64
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