Authority DA 50+ Backlinks – Power Up Your SEO & Rankings!
Written by Aarun » Updated on: March 18th, 2025
India Automotive Steering System Market Overview
Base Year: 2023
Forecast Years: 2024-2032
Historical Years: 2018-2023
Market Growth Rate: XX% (2024-2032)
According to the latest report by IMARC Group, the automotive steering system market in India is projected to exhibit a growth rate (CAGR) of XX% during 2024-2032. The integration of ADAS, which includes features like lane-keeping assistance and automatic emergency braking, which enhances the demand for steering systems with enhanced capabilities to support these functionalities, is driving the market.
India Automotive Steering System Industry Trends and Drivers:
The India automotive steering system market is currently undergoing a period of dynamic growth, largely driven by technological advancements and rising demand for enhanced vehicle safety features. The integration of Advanced Driver Assistance Systems (ADAS) is playing a pivotal role in shaping the market's direction, as features like lane-keeping assistance, automatic emergency braking, and adaptive cruise control necessitate steering systems with greater precision and responsiveness. These innovations are pushing manufacturers to develop steering systems that can seamlessly integrate with these technologies, leading to an increased demand for electric power steering (EPS) and electro-hydraulic power steering (EHPS) systems. As consumers become more focused on vehicle safety and convenience, steering systems are increasingly seen as integral components of a comprehensive vehicle safety suite. Furthermore, growing disposable incomes and rising vehicle sales in India are contributing to the broader expansion of the automotive market, indirectly driving demand for more advanced steering systems.
The market is also being influenced by the increasing preference for electric and hybrid vehicles, which require specialized steering systems. Electric power steering systems (EPS), in particular, are gaining traction due to their energy efficiency, lower weight, and ability to support modern vehicle technologies. As automakers increasingly focus on reducing fuel consumption and improving vehicle performance, EPS is becoming the preferred choice for a wide range of vehicle types, including passenger cars, light commercial vehicles, and heavy commercial vehicles. Additionally, the ongoing development of lightweight materials and components is further contributing to the growth of the steering system market, with manufacturers increasingly utilizing these materials to enhance fuel efficiency and reduce the overall weight of vehicles. This focus on optimizing the efficiency and functionality of steering systems is ensuring the continued evolution of the market.
Looking ahead, the India automotive steering system market is set to experience sustained growth, supported by both regulatory requirements and evolving consumer preferences. As government regulations continue to tighten around vehicle safety and environmental standards, automakers are investing in innovative steering solutions that meet these demands. For instance, the growing focus on electric vehicles (EVs) is prompting the development of steering systems that offer improved maneuverability and energy efficiency. Additionally, the demand for more advanced components, such as steering wheel speed sensors and hydraulic pumps, is rising as automakers seek to improve the precision and responsiveness of their steering systems. With the increasing focus on safety, sustainability, and innovation, the automotive steering system market in India is expected to expand significantly in the coming years, presenting numerous growth opportunities for industry players.
Download sample copy of the Report: https://www.imarcgroup.com/india-automotive-steering-system-market/requestsample
India Automotive Steering System Industry Segmentation:
The report has segmented the market into the following categories:
Type Insights:
Component Insights:
Vehicle Type Insights:
Regional Insights:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=21539&flag=C
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
Disclaimer: We do not promote, endorse, or advertise betting, gambling, casinos, or any related activities. Any engagement in such activities is at your own risk, and we hold no responsibility for any financial or personal losses incurred. Our platform is a publisher only and does not claim ownership of any content, links, or images unless explicitly stated. We do not create, verify, or guarantee the accuracy, legality, or originality of third-party content. Content may be contributed by guest authors or sponsored, and we assume no liability for its authenticity or any consequences arising from its use. If you believe any content or images infringe on your copyright, please contact us at [email protected] for immediate removal.
Sponsored Ad Partners
Copyright © 2019-2025 IndiBlogHub.com. All rights reserved. Hosted on DigitalOcean for fast, reliable performance.
