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Automotive Steering System Market in India 2011-2015
Infiniti Research Limited, May 2012, Pages: 34
TechNavio’s analysts forecast the Automotive Steering market in India to grow at a CAGR of 13.7 percent over the period 2011–2015. One of the key factors contributing to this market growth is the strong economic growth in India. The growth in the economy has uplifted the financial status of a large section of the population, which in turn is leading to the increased spending capacity. The Automotive Steering market in India has also been witnessing the introduction of new innovative products features with changing customer demands. However, increasing raw material cost could pose a challenge to the growth of this market.
TechNavio’s report, the Automotive Steering Market in India 2011–2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. This report covers the present scenario and the growth prospects of the Indian Steering System market during the period 2011–2015. The report covers the entire range of steering system products, including Manual Steering (MS), Hydraulic Power Steering (HPS) and Electronic Power Steering (EPS). In addition, the report also includes the major drivers, challenges, and trends in the market. Further, the report includes the number of steering systems shipped during the period 2011–2015. The report includes a detailed assessment of the leading steering system manufacturing vendors, their key strengths and weaknesses, and their market share in the Automotive Steering market in India.
Key vendors dominating this market space include Rane TRW Steering System Ltd., Rane NSK Steering System Ltd, Sona Koyo Steering System Ltd., ZF Gears India Ltd.
Key questions answered in this report:
What will the market size be in 2015 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?
TechNavio Announces the Publication of its Report – Automotive Steering System Market in India 2011–2015
TechNavio today launched its report Automotive Steering System Market in India 2011–2015 based on an in-depth study focusing exclusively on India. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Automotive team said; “The sales of automobiles are increasing at a rapid pace in India. The overall passenger vehicle (PV) market will grow moderately in 2012. The overall commercial vehicle (CV) market will grow explosively in 2012. This rapid increase in automobile sales is expected to increase the demand for steering systems in India.”
According to the report, the strong and continuous growth of the Automotive market in India is the primary reason for all the major automotive companies in the world moving to India. Therefore, the rise in the number of automobile companies entering the country increases the demand for automotive steering systems, triggering the growth of the Automotive Steering System market in India.
Further, the report also discusses that the increasing raw material and waging costs constitute one of the major challenges faced by this market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
01. Executive Summary
03. Market Coverage
04. Market Landscape
05. Vendor Landscape
06. Buying Criteria
07. Market Growth Drivers
08. Drivers and their Impact
09. Market Challenges
10. Impact of Drivers and Challenges
11. Market Trends
12. Key Vendor Analysis
12.1 Sona Koyo Steering Systems Ltd.
12.2 Rane TRW Steering Systems Ltd.
12.3 Rane NSK Steering Systems Ltd.
12.4 ZF Steering Gear India Ltd.
List of Exhibits:
Exhibit 1: Auto Component Market Structure in India
Exhibit 2: Transmission and Steering Part Market in India 2011 (US$ billion)
Exhibit 3: Automotive Steering System Market in India 2011–2015 (US$ billion)
Exhibit 4: Automotive Steering System Market in India by System Type 2011 (number of shipments)
Exhibit 5: Automotive Steering System Market in India by System Type 2011–2015 (number of shipments)
Exhibit 6: Automotive Steering System Market in India by Revenue Segmentation 2011–2015 (US$ billion)
Exhibit 7: Automotive Steering System Market in India by Vehicle Segmentation 2011 (US$ billion)
Exhibit 8: Domestic Steering System Market in India by Vendor Segmentation 2011