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