Feb 18, 2021   SOURCE: BusinessWire

UAE Electric Power Steering (C-EPS, P-EPS and R-EPS) Market, Forecast & Opportunities, 2021-2026F - ResearchAndMarkets.com

The "UAE Electric Power Steering Market, By Type (C-EPS, P-EPS and R-EPS), By Component (Steering Column, Steering Wheel, Sensors, Electronic Control Unit, Electric Motor and Bearings), By Vehicle Type, By Mechanism, By Company and By Region, Forecast & Opportunities, 2026F" report has been added to ResearchAndMarkets.com's offering.

The 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.

The 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 2023, which is expected to push the demand for the UAE Electric Power Steering Market until 2026.

In mechanism type, collapsible electric power steering system is projected to experience the highest growth during 2021-2026F due to advancements in technologies and application of these systems in electric as well as in conventional vehicles. Moreover, the growing demand to reduce the overall weight of vehicles and better fuel efficiency will further boost the demand for the electric power steering market in UAE.

The major player operating 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. Companies operating in the country are investing in research & development in order to increase their share in the market.

Years considered for this report:

  • Historical Years: 2016-2019
  • Base Year: 2020
  • Estimated Year: 2021
  • Forecast Period: 2022-2026 

Key Topics Covered:

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

For more information about this report visit https://www.researchandmarkets.com/r/28zrj3