India Automotive Steering Market (2025-2031) | Size & Revenue, Forecast, Trends, Segmentation, Competitive Landscape, Growth, Industry, Companies, Value, Share, Analysis, Outlook
Market Forecast By Vehicle Type (Passenger Cars, Commercial Vehicles), By Mechanism (Electronic Power Steering (EPS), Hydraulic Power Steering (HPS), Electrically Assisted Hydraulic Power Steering), By Component (Hydraulic Pump, Steering/ Column/ Rack, Sensors, Electric Motor, Others) And Competitive Landscape
| Product Code: ETC7537758 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India Automotive Steering Market Top 5 Importing Countries and Market Competition (HHI) Analysis
India`s automotive steering import shipments in 2024 continued to be dominated by key exporters such as China, Japan, Germany, Thailand, and South Korea. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained at a moderate level, indicating a competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 12.14%, with a steady growth rate of 3.33% from 2023 to 2024. This data suggests a sustained demand for automotive steering components in India, driven by imports from these leading countries.
Key Highlights of the Report:
- India Automotive Steering Market Outlook
- Market Size of India Automotive Steering Market, 2024
- Forecast of India Automotive Steering Market, 2031
- Historical Data and Forecast of India Automotive Steering Revenues & Volume for the Period 2021- 2031
- India Automotive Steering Market Trend Evolution
- India Automotive Steering Market Drivers and Challenges
- India Automotive Steering Price Trends
- India Automotive Steering Porter's Five Forces
- India Automotive Steering Industry Life Cycle
- Historical Data and Forecast of India Automotive Steering Market Revenues & Volume By Vehicle Type for the Period 2021- 2031
- Historical Data and Forecast of India Automotive Steering Market Revenues & Volume By Passenger Cars for the Period 2021- 2031
- Historical Data and Forecast of India Automotive Steering Market Revenues & Volume By Commercial Vehicles for the Period 2021- 2031
- Historical Data and Forecast of India Automotive Steering Market Revenues & Volume By Mechanism for the Period 2021- 2031
- Historical Data and Forecast of India Automotive Steering Market Revenues & Volume By Electronic Power Steering (EPS) for the Period 2021- 2031
- Historical Data and Forecast of India Automotive Steering Market Revenues & Volume By Hydraulic Power Steering (HPS) for the Period 2021- 2031
- Historical Data and Forecast of India Automotive Steering Market Revenues & Volume By Electrically Assisted Hydraulic Power Steering for the Period 2021- 2031
- Historical Data and Forecast of India Automotive Steering Market Revenues & Volume By Component for the Period 2021- 2031
- Historical Data and Forecast of India Automotive Steering Market Revenues & Volume By Hydraulic Pump for the Period 2021- 2031
- Historical Data and Forecast of India Automotive Steering Market Revenues & Volume By Steering/ Column/ Rack for the Period 2021- 2031
- Historical Data and Forecast of India Automotive Steering Market Revenues & Volume By Sensors for the Period 2021- 2031
- Historical Data and Forecast of India Automotive Steering Market Revenues & Volume By Electric Motor for the Period 2021- 2031
- Historical Data and Forecast of India Automotive Steering Market Revenues & Volume By Others for the Period 2021- 2031
- India Automotive Steering Import Export Trade Statistics
- Market Opportunity Assessment By Vehicle Type
- Market Opportunity Assessment By Mechanism
- Market Opportunity Assessment By Component
- India Automotive Steering Top Companies Market Share
- India Automotive Steering Competitive Benchmarking By Technical and Operational Parameters
- India Automotive Steering Company Profiles
- India Automotive Steering Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the India Automotive Steering Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Automotive Steering Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Steering Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Steering Market Revenues & Volume, 2021 & 2031F |
3.3 India Automotive Steering Market - Industry Life Cycle |
3.4 India Automotive Steering Market - Porter's Five Forces |
3.5 India Automotive Steering Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 India Automotive Steering Market Revenues & Volume Share, By Mechanism, 2021 & 2031F |
3.7 India Automotive Steering Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 India Automotive Steering Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for passenger vehicles in India |
4.2.2 Increasing focus on vehicle safety features |
4.2.3 Technological advancements in automotive steering systems |
4.2.4 Government regulations mandating safety standards in vehicles |
4.3 Market Restraints |
4.3.1 High initial investment required for advanced steering technologies |
4.3.2 Fluctuating raw material prices affecting manufacturing costs |
4.3.3 Competition from substitute technologies like steer-by-wire systems |
4.3.4 Slow adoption rate of electric power steering systems in certain vehicle segments |
5 India Automotive Steering Market Trends |
6 India Automotive Steering Market, By Types |
6.1 India Automotive Steering Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Steering Market Revenues & Volume, By Vehicle Type, 2021- 2031F |
6.1.3 India Automotive Steering Market Revenues & Volume, By Passenger Cars, 2021- 2031F |
6.1.4 India Automotive Steering Market Revenues & Volume, By Commercial Vehicles, 2021- 2031F |
6.2 India Automotive Steering Market, By Mechanism |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Steering Market Revenues & Volume, By Electronic Power Steering (EPS), 2021- 2031F |
6.2.3 India Automotive Steering Market Revenues & Volume, By Hydraulic Power Steering (HPS), 2021- 2031F |
6.2.4 India Automotive Steering Market Revenues & Volume, By Electrically Assisted Hydraulic Power Steering, 2021- 2031F |
6.3 India Automotive Steering Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 India Automotive Steering Market Revenues & Volume, By Hydraulic Pump, 2021- 2031F |
6.3.3 India Automotive Steering Market Revenues & Volume, By Steering/ Column/ Rack, 2021- 2031F |
6.3.4 India Automotive Steering Market Revenues & Volume, By Sensors, 2021- 2031F |
6.3.5 India Automotive Steering Market Revenues & Volume, By Electric Motor, 2021- 2031F |
6.3.6 India Automotive Steering Market Revenues & Volume, By Others, 2021- 2031F |
7 India Automotive Steering Market Import-Export Trade Statistics |
7.1 India Automotive Steering Market Export to Major Countries |
7.2 India Automotive Steering Market Imports from Major Countries |
8 India Automotive Steering Market Key Performance Indicators |
8.1 Average age of vehicles in India |
8.2 Percentage of vehicles equipped with advanced steering systems |
8.3 Number of road accidents attributed to steering system failures |
8.4 Adoption rate of automated driving technologies in vehicles |
8.5 Average maintenance cost of steering systems in vehicles |
9 India Automotive Steering Market - Opportunity Assessment |
9.1 India Automotive Steering Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 India Automotive Steering Market Opportunity Assessment, By Mechanism, 2021 & 2031F |
9.3 India Automotive Steering Market Opportunity Assessment, By Component, 2021 & 2031F |
10 India Automotive Steering Market - Competitive Landscape |
10.1 India Automotive Steering Market Revenue Share, By Companies, 2024 |
10.2 India Automotive Steering Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential assessment - trade Analytics for 2030
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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