UAE electric power steering market is
expected to grow at a robust CAGR over the next five years due to increasing
number of government norms, mandates related to fuel-efficient technologies and
growing vehicle sales in UAE. Growing demand for passenger cars as well
commercial vehicle due to increase in population and new expansion plans of
various automotive manufacturing companies are to be implemented in coming
future. Companies like Nissan have plans to double the production in middle
east by 2024, which is expected to push the demand for UAE electric power
steering market until 2028.
In mechanism type, collapsible electric
power steering system is projected to experience the highest growth during 2023-2028F
due to advancements in technologies and application of these systems in
electric as well as in conventional vehicles. Moreover, growing demand to
reduce the overall weight of vehicles and better fuel efficiency will further
boost the demand for electric power steering market in UAE.
The major player operating in UAE
Electric Power Steering Market are Mando Corporation, Robert Bosch GMBH, Showa
Corporation, JTEKT Corporation, Hyundai Mobis, NSK Ltd, Mitsubishi Corporation,
Sona Koyo Steering System, Nexteer, Thyssenkrupp AG. Companies operating in the country are
investing in research & development to increase their share in the market.
Objective of the Study:
- To analyse and forecast the market size of UAE electric power
steering market, in terms of value and volume.
- To classify and forecast UAE electric power steering market based
on type, vehicle type, component, mechanism, and regional distribution.
- To identify drivers and challenges for UAE electric power steering
market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in UAE electric power steering
market.
- To conduct the pricing analysis for UAE electric power steering
market.
- To identify and analyse the profile of leading players involved in
the manufacturing of UAE electric power steering market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across UAE. Subsequently, TechSci Research
conducted primary research surveys with the identified companies. While
interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analysed the service offerings, distribution channels and presence of all
major collaboration manufacturers across UAE.
TechSci
Research calculated the market size of UAE Electric Power Steering using a
bottom-up approach, where data for various end user industries and its
application across various product types were recorded and forecast for the
future years. TechSci Research sourced these values from the industry experts
and company representatives and externally validated through analysing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
website, news articles, press releases, company annual reports, investor
presentations and financial reports were also used by TechSci Research.
Key Target
Audience:
- Electric Power Steering manufacturers
- Automobile manufacturers
- Raw material suppliers
- Electric power steering
design companies
- Distributors and traders
- Research organizations and
consulting companies.
- Research Institutes
- Industry associations
- Market research and
consulting firm.
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as collaboration
service providers and partners, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
|
Attribute
|
Details
|
|
Base
Year
|
2022
|
|
Historic
Data
|
2018 – 2021
|
|
Estimated
Year
|
2023
|
|
Forecast
Period
|
2024 – 2028
|
|
Quantitative
Units
|
Revenue in
USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028
|
|
Report
coverage
|
Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends
|
|
Segments
covered
|
·
Type
·
Component
·
Vehicle Type
·
Mechanism
|
|
Country
scope
|
Dubai, Abu
Dhabi, Sharjah & Rest of UAE
|
|
Key
companies profiled
|
Mando Corporation, Robert
Bosch GMBH, Showa Corporation, JTEKT Corporation, Hyundai Mobis, NSK Ltd, Mitsubishi
Corporation, Sona Koyo Steering System, Nexteer, Thyssenkrupp AG
|
|
Customization
scope
|
10% free
report customization with purchase. Addition or alteration to country, &
segment scope.
|
|
Pricing
and purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase
options
|
|
Delivery
Format
|
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
|
Report Scope:
In this report, UAE Electric Power Steering market has been
segmented into following categories, in addition to the industry trends which
have also been detailed below:
- UAE Electric Power Steering Market,
By Type:
- UAE Electric Power Steering Market,
By Component:
- Steering Column
- Steering Wheel
- Sensors
- Electronic Control Unit
- Electric Motor
- Bearings Wheat
- UAE Electric Power Steering Market,
By Vehicle Type:
- Passenger Car
- Medium & Heavy Commercial Vehicles
- Light Commercial Vehicles
- Off-the-Road Vehicles
- UAE Electric Power Steering Market,
By Mechanism:
- Collapsible EPS
- Rigid EPS
- UAE Electric Power Steering Market,
by Region:
- Dubai
- Abu Dhabi
- Sharjah
- Rest of UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in Electric Power Steering.
Available Customizations:
With the given market data, TechSci Research offers
customizations according the company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit
margin analysis in case of direct and indirect sales channel.
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]