Summary

UAE electric power steering market is anticipated to grow at a formidable rate during the forecast period. The market growth can be attributed to the increasing number of government initiatives to reduce fuel consumption and rising sales of passenger and commercial vehicles in the UAE. Electric power steering systems are alternatives to the traditional steering systems that enable vehicles to perform efficiently in any terrain and provide a better fuel economy. Earlier, electric power steering was only used in high-end cars, but now they are used in almost every vehicle category. New expansion plans of various automotive manufacturers to set up their production plants in the UAE and increasing government mandates related to fuel-efficient technologies are driving the growth of the UAE electric power steering market. Measures adopted by OEMs to reduce the weight and complexity of vehicles and comply with air emission mandates are also expected to fuel the UAE electric power steering market in the coming years. The growing popularity of self-driving cars and the rising personal disposable income of the middle and upper middle-class population are contributing to the growth of the UAE electric power steering market in the forecast period. Additionally, research and development activities by various automotive firms and advancements in sophisticated and robust steering mechanisms are supporting the growth of the UAE electric power steering market. Moreover, increasing competition to develop electric, self-driven vehicles and the growing number of acquisitions and product launches are anticipated to drive the growth of the UAE electric power steering market in the coming years.

UAE electric power steering market is segmented on the basis of type, component, vehicle type, mechanism, company and region. Based on the mechanism, the collapsible electric power steering system is expected to hold the largest share in the UAE electric power steering market during the forecast period due to the rising advancements in technologies and the growing application of these systems in advanced vehicles. Additionally, increasing demand to reduce the weight of the cars and enhance fuel efficiency are contributing to the dominance of the segment.
Leading players in the 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, among others.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
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 analyze the profile of leading players in the UAE electric power steering market.
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 product offerings, distribution channels and presence of all major manufacturers across UAE.
TechSci Research calculated the market size of UAE Electric Power Steering market using a bottom-up approach. 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 firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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:
o C-EPS
o P-EPS
o R-EPS
• UAE Electric Power Steering Market, By Component:
o Steering Column
o Steering Wheel
o Sensors
o Electronic Control Unit
o Electric Motor
o Bearings
• UAE Electric Power Steering Market, By Vehicle Type:
o Passenger Car
o Medium & Heavy Commercial Vehicles
o Light Commercial Vehicles
o Off-the-Road Vehicles
• UAE Electric Power Steering Market, By Mechanism:
o Collapsible EPS
o Rigid EPS
• UAE Electric Power Steering Market, By Region:
o Dubai
o Abu Dhabi
o Sharjah
o Rest of UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in UAE Electric Power Steering Market.
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.

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