Press release
India Automotive Steering System Market Competitive Landscape, Driving Factors and Challenges Analysis 2026
Automotive Steering System Market
Get detailed COVID-19 impact analysis on the Automotive Steering System: https://www.alliedmarketresearch.com/request-for-customization/6074?reqfor=covid
According to the report published by Allied Market Research, the India automotive steering system market was estimated at $4.67 billion in 2017, and is expected to hit $10.03 billion by 2026, registering a CAGR of 9.0% from 2019-2026. The report provides an in-depth analysis of the market, including top investment pockets, top winning strategies, industry drivers and restraints, market size & forecast, market segmentation, and competitive landscape.
Rise in demand for motor vehicles and increase in adoption of power steering systems fuel the growth of the India automotive steering system market. On the other hand, high cost associated with power steering systems and low penetration of power steering in low segment vehicles impede the growth to some extent. However, introduction of drive-by-wire technology, surge in sale of motor vehicles, and consumer preference toward enhanced driving comfort are anticipated to create an array of opportunities for the key players in the industry.
Request Sample Report at https://www.alliedmarketresearch.com/request-sample/6074
The electronic power steering segment to lead the trail till 2026-
Based on type, the electronic power steering segment contributed to nearly three-fourths of the total market share in 2017 and is anticipated to dominate during the study period. Simultaneously, the hydraulic power steering segment would cite the fastest CAGR of 10.9% throughout 2019-2026.
The passenger vehicles segment to rule the roost by 2026-
Based on end-use, the passenger vehicles segment accounted for more than three-fourths of the total market revenue in 2017 and is expected to retain its dominance by the end of 2026. The medium and heavy commercial segment, on the other hand, would register the fastest CAGR of 14.9% throughout the forecast period.
The OEM segment to remain lucrative during the estimated period-
Based on sales channel, the OEM segment held the largest share in 2017, garnering nearly three-fifths of the total market. The same segment is also projected to grow at the fastest CAGR of 9.1% during the estimated period.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/6074
Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release India Automotive Steering System Market Competitive Landscape, Driving Factors and Challenges Analysis 2026 here
News-ID: 2255886 • Views: …
More Releases from Allied Market Research
Outdoor Decor Market 2026 : to Reach USD 117.7 Billion by 2032 Top Impacting Fac …
llied Market Research published a report, titled, "Outdoor Décor Market by product (Furniture, Flower Pots and Planters, Rugs and Cushions, Lighting, Patio Umbrellas and Shade Structures, Water Features and Others), End User (Residential and Non-residential), and Distribution Channel (Supermarket and hypermarket, Specialty Stores, E-Commerce and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032". According to the report, the global outdoor decor market size was valued at $83 billion in 2022,…
USD 1.03 Billion GCC Sanitary Ware Market Value Cross by 2032 | Top Players such …
Allied Market Research published a report, titled, "GCC Sanitary Ware Market by Material (Ceramics, Pressed Metals, Acrylic Plastics and Perspex, and Others), by Product Type (Toilet Sink/Water Closet, Wash Basin, Pedestal, and Cistern), By End User (Residential, Commercial, and Others), By Application (Bathroom and Kitchen), By Price Range (Up To $200, $201 To $500, and $500 and above)". According to the report, the GCC sanitary ware market was valued at…
Metallized PET Packaging Market is Projected to Grow Expeditiously: USD 9.8 Bill …
Allied Market Research has recently published a report, titled, "Metallized PET Packaging Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Application: Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the global metallized pet packaging market size was valued at $6 billion in 2022, and is projected to reach $9.8 billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032.
Download…
Pre-Engineered Buildings Industry Poised for Strong Expansion by 2032 on Back of …
Allied Market Research published a report, titled, "Pre-Engineered Buildings Market by Structure (Single-story and Multi-story), and Application (Commercial, Industrial): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global pre-engineered buildings market size was valued at $17.6 million in 2022, and is projected to reach $46.6 million by 2032, registering a CAGR of 10.4% from 2023 to 2032.
Request PDF Sample Copy @https://www.alliedmarketresearch.com/request-sample/3178
Prime determinants of growth
The expansion of…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
