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The Indian Electric Power Steering (EPS) Market is segmented by Type (Column Type, Pinion Type, and Other Types), Component Type (Steering Column, Sensors, Steering Motors, and Other Component Types), and Vehicle Type (Passenger Cars and Commercial Vehicles).
The Indian electric power steering market is expected to register a CAGR of 10.98%, during the forecast period, 2019-2024.
The Indian electric power steering market is segmented by type, component type, and vehicle type.
|Dual Pinion Type|
|By Component Type|
|Other Component Typess|
|By Vehicle Type|
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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.
With the growing advancement in technology, sensor products have also been consistently upgrading. For instance:
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The EPS implementation in passenger cars is growing rapidly, owing to its advantages, such as no hoses or fluids required in the steering system, thereby reducing the repair and maintenance costs from fluid and hoses replacements.
Currently, more than 30% of the passenger cars are running with EPS technology in India, and the technology is likely to be implemented in the majority of the budget passenger cars as well, during the forecast period.
Some of the major automakers who have launched the EPS system in their models in India, in 2018, includes Tata Motors, Datsun and Ford.
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JTEKT, NSK Ltd., ZF TRW, Nexteer Automotive, Rane Group, Sono Koyo Steering Systems etc., are some of the major EPS manufacturers in India and plans to continue to expand their business to capture the growing demand for EPS in the country. The below instances are few strategies followed by above few companies in the country.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Current Market Scenario
4.2 Technology Trends
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Market Drivers
4.5 Market Restraints
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Column Type
5.1.2 Pinion Type
5.1.3 Dual Pinion Type
5.1.4 Other Types
5.2 By Component Type
5.2.1 Steering Wheel
5.2.3 Steering Motor
5.2.4 Other Component Typess
5.3 By Vehicle Type
5.3.1 Passenger Cars
5.3.2 Commercial Vehicles
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 JTEKT Corporation
6.2.2 Nexteer Corporation
6.2.3 Denso Corporation
6.2.4 ZF Steering Gear (India) Limited
6.2.5 Mando Automotive India (Anand Group)
6.2.6 Robert Bosch GmbH
6.2.7 Rane Group
6.2.8 Infineon Technologies AG
7. MARKET OPPORTUNITIES AND FUTURE TRENDS