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South America Electronic Power Steering Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Column Assisted Electronic Power Steering(C-EPS), Pinion Assisted Electronic Power Steering (P-EPS), Rack Assisted Power Steering System (R-EPS), and Electronic Hydraulic Power Steering (EHPS)), and Application (Light Commercial Vehicles (LCV), Passenger Cars, and Heavy Commercial Vehicles (HCV))

Code: TIPRE00018192 | Pages: 126 | Industry: Automotive and Transportation | Date: Jan 2021
Covid

Market Introduction

The region’s automotive manufacturing sector is witnessing growth owing to the presence of a large number of OEM and automakers in the region. Brazil benefits from being a potentially large domestic market with low vehicle ownership and a growing economy. Additionally, the rising automotive production is supporting the growth of the EPS market in the region. Further, the region has the presence of some of the major automakers such as Volkswagen, General Motors, Hyundai, Toyota, Peugeot, Ford, and Renault. The national regulatory bodies of various countries in the region have realized the importance of the automotive sector and are taking initiatives for the development of the automotive industry. For instance, the Brazilian government has formulated Favourable trade investment policies to encourage private investments. The Brazilian government has also made provisions to give investor exemption from custom duties and other taxes on the purchase of certain infrastructure and capital goods. Thus, the government initiatives to support the growth of the automotive sector would strengthen the automotive manufacturing industry in the region, which is likely to support the growth of the EPS market in the region. Further, self-driving vehicles witnessing progress is driving the SAM electronic power steering market.  

SAM is adversely affected by the COVID-19 pandemic. In SAM, Brazil has the highest number of COVID-19 confirmed cases, followed by other countries such as Ecuador, Peru, Chile, and Argentina. Governments in SAM are taking several initiatives such as lockdowns, trade bans, and travel restrictions to protect people and control the COVID-19 spread in the region. These measures are expected to have a direct impact on the region’s economic growth as it would face lower export revenues. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the US, which are important trade partners. The sharp decline in the sales of the logistics industry and halt in vehicle production in the region due to lockdown measures is hindering the growth of SAM electronic power steering market. Containment measures in several countries of South America would hamper the economic activity in the manufacturing and service sectors for at least the next quarter, and is expected to rebound once the pandemic is contained.    

Market Overview and Dynamics

The electronic power steering market in SAM is expected to grow from US$ 2,354.65 million in 2019 to US$ 2,510.45 million by 2027; it is estimated to grow at a CAGR of 3.9% from 2020 to 2027. There seems to be a widespread adoption of buses and trucks throughout the area, especially for logistics and public transport reasons. Public transport is being used more in SAM compared to private transport, though transportation is mostly via private vehicles in North America. With the improvement of new transport networks, the rising population of urban areas is expecting increasing public transport and appearing to be inadequate. The SAM-wide OEMs are now focused on reducing the carbon footprint, thereby increasing the use of electric vehicles. With rising mobility on demand, the deployment of passenger cars and taxis is more focused on reducing the carbon footprints.

Key Market Segments

In terms of type, the R-EPS segment led the SAM electronic power steering market in 2019. In terms of application, passenger cars segment led the SAM electronic power steering market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the electronic power steering market in SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are HYUNDAI MOBIS, JTEKT Corporation, Mando Corporation, Mitsubishi Electric Corporation, Nexteer Automotive, NSK Ltd., Robert Bosch GmbH, SHOWA CORPORATION, thyssenkrupp AG, ZF Friedrichshafen AG.

Reasons to buy report

  • To understand the SAM electronic power steering market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM electronic power steering market
  • Efficiently plan M&A and partnership deals in SAM electronic power steering market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM electronic power steering market
  • Obtain market revenue forecast for electronic power steering market by various segments from 2020-2027 in SAM region.

SAM Electronic Power Steering Market Segmentation

SAM Electronic Power Steering Market - By Type

  • Column Assisted Electronic Power Steering(C-EPS)
  • Pinion Assisted Electronic Power Steering (P-EPS)
  • Rack Assisted Power Steering System (R-EPS)
  • Electronic Hydraulic Power Steering (EHPS)

SAM Electronic Power Steering Market - By Application

  • Light Commercial Vehicles (LCV)
  • Passenger Cars
  • Heavy Commercial Vehicles (HCV)

SAM Electronic Power Steering Market - By Country

  • Brazil
  • Argentina
  • Rest of SAM  

SAM Electronic Power Steering Market - Company Profiles

  • HYUNDAI MOBIS
  • JTEKT Corporation
  • Mando Corporation
  • Mitsubishi Electric Corporation
  • Nexteer Automotive
  • NSK Ltd.
  • Robert Bosch GmbH
  • SHOWA CORPORATION
  • thyssenkrupp AG
  • ZF Friedrichshafen AG   

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        SAM Electronic Power Steering Market – By Type

1.3.2        SAM Electronic Power Steering Market – By Application

1.3.3        SAM Electronic Power Steering Market – By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           SAM Electronic Power Steering (EPS) Market Landscape

4.1         Market Overview

4.2         SAM PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           SAM Electronic Power Steering (EPS) –Market Dynamics

5.1         Market Drivers

5.1.1        SAM Witnessing High Requirement of Fuel-Efficient Vehicles

5.1.2        Acceptance of Steer-by-Wire (SbW) Technology at High Pace

5.2         Market Restraints

5.2.1        Extravagant Price of Electronic Power Steering (EPS)

5.3         Market Opportunities

5.3.1        Vehicle Electrification Becoming a New Trend

5.4         Future Trends

5.4.1        Self-Driving Vehicles Witnessing Progress

5.5         Impact Analysis of Drivers and Restraints

6.           Electronic Power Steering (EPS) – SAM Market Analysis

6.1         SAM Electronic Power Steering (EPS) Market Overview

6.2         SAM Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)

6.3         Market Positioning – Market Players Ranking

7.           SAM Electronic Power Steering (EPS) Market Analysis– By Type

7.1         Overview

7.2         SAM Electronic Power Steering (EPS) Market Breakdown, By Type, 2018 & 2027

7.3         Column Assisted Electronic Power Steering(C-EPS)

7.3.1        Overview

7.3.2        Column Assisted Electronic Power Steering(C-EPS) Market Revenue and Forecasts to 2027 (US$ Mn)

7.4         Pinion Assisted Electronic Power Steering (P-EPS)

7.4.1        Overview

7.4.2        Pinion Assisted Electronic Power Steering (P-EPS) Market Revenue and Forecasts to 2027 (US$ Mn)

7.5         Rack Assisted Power Steering System (R-EPS)

7.5.1        Overview

7.5.2        Rack Assisted Power Steering System (R-EPS) Market Revenue and Forecasts to 2027 (US$ Mn)

7.6         Electronic Hydraulic Power Steering (E-HPS)

7.6.1        Overview

7.6.2        Electronic Hydraulic Power Steering (E-HPS) Market Revenue and Forecasts to 2027 (US$ Mn)

8.           SAM Electronic Power Steering (EPS) Market Analysis – By Application

8.1         Overview

8.2         SAM Electronic Power Steering (EPS) Market Breakdown, By Application, 2019 & 2027 (%)

8.3         Light Commercial Vehicles (LCV)

8.3.1        Overview

8.3.2        Light Commercial Vehicles (LCV) Market Forecast and Analysis

8.4         Passenger Cars

8.4.1        Overview

8.4.2        Passenger Cars Market Forecast and Analysis

8.5         Heavy Commercial Vehicles (HCV)

8.5.1        Overview

8.5.2        Heavy Commercial Vehicles (HCV) Market Forecast and Analysis

9.           SAM Electronic Power Steering (EPS) Market – Country Analysis

9.1         Overview

9.1.1        SAM: Electronic Power Steering (EPS) Market, By Country

9.1.1.1          Brazil: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.1.1          Brazil: Electronic Power Steering (EPS) Market, By Type

9.1.1.1.2          Brazil: Electronic Power Steering (EPS) Market, By Application

9.1.1.2          Argentina: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.2.1          Argentina: Electronic Power Steering (EPS) Market, By Type

9.1.1.2.2          Argentina: Electronic Power Steering (EPS) Market, By Application

9.1.1.3          Rest of SAM: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.3.1          Rest of SAM: Electronic Power Steering (EPS) Market, By Type

9.1.1.3.2          Rest of SAM: Electronic Power Steering (EPS) Market, By Application

10.        SAM Electronic Power Steering (EPS) Market- COVID-19 Impact Analysis

10.1      SAM: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

12.        Company Profiles

12.1      Hyundai Mobis

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      JTEKT Corporation

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Mitsubishi Electric Corporation

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Nexteer Automotive

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      NSK Ltd.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Robert Bosch GmbH

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Showa Corporation

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      The Mando Corporation

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      ThyssenKrupp AG

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   ZF Friedrichshafen AG

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

13.        Appendix

13.1      About The Insight Partners

             13.2      Word Index

LIST OF TABLES

Table 1.             SAM Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 US$ Mn)

Table 2.             Brazil Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)

Table 3.             Brazil Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027 (US$ Million)

Table 4.             Argentina Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)

Table 5.             Argentina Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027  (US$ Million)

Table 6.             Rest of SAM Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)

Table 7.               Rest Of SAM Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027  (US$ Million)

LIST OF FIGURES

Figure 1.           SAM Electronic Power Steering (EPS) Market Segmentation

Figure 2.           SAM Electronic Power Steering (EPS) Market Segmentation – By Country

Figure 3.           SAM Electronic Power Steering (EPS) - Market Overview

Figure 4.           SAM Electronic Power Steering (EPS) Market by Type

Figure 5.           SAM Electronic Power Steering (EPS) Market by Application

Figure 6.           SAM Electronic Power Steering (EPS) Market by Country

Figure 7.           SAM: PEST Analysis

Figure 8.           Ecosystem Analysis

Figure 9.           Expert Opinion

Figure 10.        SAM Electronic Power Steering (EPS) Market Impact Analysis of Drivers and Restraints

Figure 11.        SAM: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 12.        SAM Electronic Power Steering (EPS) Market Breakdown, By Type, 2018 & 2027 (%)

Figure 13.        SAM Column Assisted Electronic Power Steering(C-EPS) Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 14.        SAM Pinion Assisted Electronic Power Steering (P-EPS) Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 15.        SAM Rack Assisted Power Steering System (R-EPS) Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 16.        SAM Electronic Hydraulic Power Steering (E-HPS) Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 17.        SAM Electronic Power Steering (EPS) Market Breakdown, By Application, 2019 & 2027 (%)

Figure 18.        SAM Light Commercial Vehicles (LCV) Market Revenue and Forecast to 2027 (US$ Mn)

Figure 19.        SAM Passenger Cars Market Revenue and Forecast to 2027 (US$ Mn)

Figure 20.        SAM Heavy Commercial Vehicles (HCV) Market Revenue and Forecast to 2027 (US$ Mn)

Figure 21.        SAM: Electronic Power Steering (EPS) Market Revenue Share, By Country (2019 and 2027)

Figure 22.        Brazil: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.        Argentina: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        Rest of SAM: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.          Impact of COVID-19 Pandemic in SAM Country Markets

  1. HYUNDAI MOBIS
  2. JTEKT Corporation
  3. Mando Corporation
  4. Mitsubishi Electric Corporation
  5. Nexteer Automotive
  6. NSK Ltd.
  7. Robert Bosch GmbH
  8. SHOWA CORPORATION
  9. thyssenkrupp AG
  10. ZF Friedrichshafen AG

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM electronic power steering market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the SAM electronic power steering market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the electronic power steering market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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