TechNavio today launched its report Automotive Steering System Market in India 2011“2015 based on an in-depth study focusing exclusively on India. The report aims to aid decision makers™ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio™s Automotive team said; The sales of automobiles are increasing at a rapid pace in India. The overall passenger vehicle (PV) market will grow moderately in 2012. The overall commercial vehicle (CV) market will grow explosively in 2012. This rapid increase in automobile sales is expected to increase the demand for steering systems in India.
According to the report, the strong and continuous growth of the Automotive market in India is the primary reason for all the major automotive companies in the world moving to India. Therefore, the rise in the number of automobile companies entering the country increases the demand for automotive steering systems, triggering the growth of the Automotive Steering System market in India.
Further, the report also discusses that the increasing raw material and waging costs constitute one of the major challenges faced by this market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/automotive-steering-system-market-india-201…
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TechNavio Announces the Publication of its Report “ Automotive Steering System Market in India 2011“2015
