Report Description

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:
    • C-EPS
    • P-EPS
    • R-EPS
  • 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]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on UAE Electric Power Steering Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Product Awareness

5.2.  Product Pricing

5.3.  Product Quality

5.4.  Challenges & Unmet Needs

6.    UAE Electric Power Steering Market Overview 

7.    UAE Electric Power Steering Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Type (C-EPS, P-EPS and R-EPS)

7.2.2.     By Component (Steering Column, Steering Wheel, Sensors, Electronic Control Unit, Electric Motor and Bearings)

7.2.3.     By Vehicle Type (Passenger Cars, Medium & Heavy Commercial Vehicles, Light Commercial Vehicles and Off-the-Road Vehicles)

7.2.4.     By Mechanism (Collapsible EPS and Rigid EPS)

7.2.5.     By Company

7.2.6.     By Region

7.3.  Market Attractiveness Index

8.    UAE Passenger Cars Electric Power Steering Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Component

9.    UAE Light Commercial Vehicle Electric Power Steering Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Component

10.  UAE Medium & Heavy Commercial Vehicle Electric Power Steering Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Component

11.  UAE OTR Electric Power Steering Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Type

11.2.2.  By Component

12.  Supply Chain Analysis

13.  Market Dynamics

13.1.              Drivers

13.2.              Challenges

14.  Market Trends & Developments

15.  Policy & Regulatory Landscape

16.  UAE Economic Profile

17.  Competitive Landscape

17.1.              Mando Corporation

17.2.              Robert Bosch GMBH

17.3.              Showa Corporation

17.4.              JTEKT Corporation

17.5.              Hyundai Mobis

17.6.              NSK Ltd

17.7.              Mitsubishi Corporation

17.8.              Sona Koyo Steering System

17.9.              Nexteer

17.10.            Thyssenkrupp AG

18.  Strategic Recommendation

19. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Based on the mechanism, the market is bifurcated into collapsible EPS and rigid EPS. The collapsible EPS is expected to hold the largest market share in the forecast period as they find applications in both conventional and electric vehicles.

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Lack of steering feel and high cost of electric power steering systems may hinder the growth of the UAE Electric Power Steering Market.

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High-end investments by market players to lower the vehicle complexity and weight of vehicles and the launch of advanced versions offering high performance can influence market growth in the forecast period.

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Mando Corporation, Robert Bosch GMBH, Showa Corporation, JTEKT Corporation, Hyundai Mobis, NSK Ltd, Mitsubishi Corporation, Sona Koyo Steering System, Nexteer, Thyssenkrupp AG are the major market players operating in the UAE Electric Power Steering Market.

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Srishti Verma

Business Consultant
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