Indian Automotive Steering System Market

1. Indian Automotive Steering System Market Forecast and Analysis (2019-2026), by Type and Vehicle Type. 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. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. An 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

2. 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

3. 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. Table of Contents Indian Automotive Sterring System Market

4. 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 Browse Full Report with Facts and Figures of Indian Automotive Steering System Market Report at: https://www.maximizemarketresearch.com/market- report/indian-automotive-steering-system-market/33589/ About Us:

5. Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Name: Vikas Godage Organization: MAXIMIZE MARKET RESEARCH PVT. LTD. Email: sales@maximizemarketresearch.com Website: www.maximizemarketresearch.com