India Electric Power Steering (EPS) Market 2021 Competitive Insights and Precise Outlook - JTEKT Corporation, Nexteer Corporation, Denso Corporation, ZF Steering Gear (India) Limited

The India Electric Power Steering (EPS) Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Indian electric power steering market is expected to register a CAGR of over 10.5%, during the forecast period, 2020 - 2025.

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Top Leading Companies of India Electric Power Steering (EPS) Market are JTEKT Corporation, Nexteer Corporation, Denso Corporation, ZF Steering Gear (India) Limited, Mando Automotive India (Anand Group), Robert Bosch GmbH, Infineon Technologies AG, Rane Group and others.

Industry News and Updates

In March 2019, NSK Ltd. joint venture, Rane NSK Steering Systems Pvt. Ltd. had inaugurated its new plant in Ahmedabad, India with the investment of INR 5 Billion to produce electric power steering (EPS) systems for passenger cars. This place is an emerging economy and an automotive industry hub in western India.

In April 2018, Tata Motors announced that it will expand its Nexon range powered by automatic manual transmission (AMT) technology, by launching the Nexon HyprDrive Shelf-Shift Gears model. The model comes with the feature of lowest turning circle radius of 1.5 m with the electric power-assisted steering (EPAS).

In March 2018, Datsun India launched a remix edition of Datsun GO and GO+ models. Both the models featured speed-sensitive electric power steering.

In January 2018, Ford introduced compact utility vehicle (CUV) the all-new Ford Freestyle in India and the vehicle was made available for sale in the second quarter 2018. The Freestyle offers a uniquely tuned EPAS.

Key Market Trends

Fast Growing Sensors Application

Sensor located in the steering column measures two primary driver inputs - torque (steering effort), and steering wheel speed and position. Thus, there are three types of sensors used in such systems - torque sensor, steering wheel speed sensor, and position sensor.

These sensors deliver the signals as inputs to an ECU, which provides an appropriate output to the steering system for an action to take place.

Torque sensors are generally non-contact sensors. These sensors measure the steering force applied by the driver, and thus, enables sensitive control of the electric steering support.

- It works based on a non-contact magnetic measuring principle. It contains a magnet unit, a flux-tube unit, and a sensor unit. The torque sensor itself has two independent coils of wire. One of the coils determines if a right-hand turn is being made, while the other determines if a left-hand turn is being made. The signal is then sent from the EPS module to the appropriate coil, which then assists the vehicle in steering.

Regional Outlook of India Electric Power Steering (EPS) Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The India Electric Power Steering (EPS) Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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