Market by Vehicle Type, Type, and Country | Forecast 2021-2028
Triton Market
Research’s report on the automotive steering system market in Latin America
predicts this industry to progress with a CAGR of 5.19% during the forecast
years between 2021 and 2028.
Report scope can be customized per your requirements. Request For Customization
The countries
considered for analysis in this market include:
•
Brazil
•
Mexico
•
Rest of Latin America
Brazil is now among the
top ten automotive markets in the world, according to Global Auto Production
RRI rankings. Latin America’s largest auto parts manufacturer, DHB, which
specializes in steering systems, has taken various profitable decisions over
the years. This has helped it in becoming an important player in the thriving
automotive market. Traditionally, most carmakers in Brazil rely on simpler
mechanical steering systems. On the other hand, the sales of more complex
hydraulic systems (with an efficient mechanism and a pump) are on the rise. Such
developments are expected to benefit the market in Brazil in the coming years.
Meanwhile, Mexico is
the seventh-largest vehicle producer worldwide, and produces more than three
million cars every year. In December 2017, Bosch, the leading global automotive
component supplier, inaugurated its first production facility for automotive
steering components in Queretaro. The facility plans to assemble three products
for passenger vehicles. This includes manual-adjust steering columns and two types
of electric power steering, Servolectric dual pinion and Servolectric column
type. Servolectric EPS enables driver assistance functions and helps reduce a vehicle’s
fuel consumption. These developments show that the Mexican market for
automotive steering systems is on a growth path.
Honda Motor Company is
primarily engaged in developing, producing, and selling a broad range of
automobiles, motorcycles, and power products. The company operates via four main
business verticals: Automobile Business, Motorcycle Business, Financial
Services Business, and Power Products. It offers electric power-assisted
rack-and-pinion steering under automotive steering systems. Honda operates
through a global network of subsidiaries and affiliates operating in various
countries across the world. It has production sites in Brazil, Mexico, and
Argentina.
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VIEW REPORT1. LATIN
AMERICA AUTOMOTIVE STEERING SYSTEM MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE AUTOMOTIVE STEERING SYSTEM INDUSTRY
2.2. KEY
INSIGHTS
2.2.1. ADOPTION
OF SENSORS
2.2.2. ADAS
(ADVANCED DRIVER ASSISTANCE SYSTEMS) ADOPTION IN AUTOMOTIVE
2.2.3. USAGE
OF TECHNOLOGICALLY ADVANCED EPS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. KEY
IMPACT ANALYSIS
2.6.1. FUEL
CONSUMPTION
2.6.2. CO2
EMISSION
2.6.3. MAINTENANCE
2.7. KEY
MARKET STRATEGIES
2.7.1. PRODUCT
LAUNCHES
2.7.2. CONTRACTS
& PARTNERSHIPS
2.7.3. BUSINESS
EXPANSIONS & DIVESTITURES
2.8. MARKET
DRIVERS
2.8.1. GROWING
DEMAND FOR MORE FUNCTIONS IN ELECTRONIC CONTROL UNIT (ECU)
2.8.2. STRINGENT
FUEL EFFICIENCY NORMS
2.9. MARKET
CHALLENGES
2.9.1. EXPENSIVE
AUTOMOTIVE
2.9.2. AUTONOMOUS
FEATURES IN CARS
2.10. MARKET
OPPORTUNITIES
2.10.1. POSITIVE
OUTLOOK OF AUTOMOTIVE PRODUCTION
2.10.2. GROWING
NUMBER OF ELECTRIC VEHICLES
3. LATIN
AMERICA AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY VEHICLE TYPE
3.1. ICE-DRIVEN
3.2. ELECTRIC
VEHICLES
3.2.1. PHEV
(PLUG-IN HYBRID ELECTRIC VEHICLE)
3.2.2. BEV
(BATTERY ELECTRIC VEHICLE)
3.2.3. FCEV
(FUEL CELL ELECTRIC VEHICLE)
3.2.4. HEV
(HYBRID ELECTRIC VEHICLE)
4. LATIN
AMERICA AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY TYPE
4.1. ELECTRIC
STEERING SYSTEM
4.1.1. ELECTRIC
POWER STEERING SYSTEM BY TYPE
4.1.1.1. COLUMN-ASSIST
TYPE (C-EPS)
4.1.1.2. PINION-ASSIST
TYPE (P-EPS)
4.1.1.3. DIRECT
DRIVE TYPE (D-EPS)
4.1.1.4. RACK-ASSIST
TYPE (R-EPS)
4.1.2. ELECTRIC
POWER STEERING SYSTEM BY COMPONENTS
4.1.2.1. STEERING
RACK/COLUMN
4.1.2.2. SENSOR
4.1.2.3. STEERING
MOTOR
4.1.2.4. OTHER
COMPONENT TYPES
4.2. HYDRAULIC
STEERING SYSTEM
4.3. ELECTRO-HYDRAULIC
4.4. STEER
BY WIRE
5. LATIN
AMERICA AUTOMOTIVE STEERING SYSTEMS MARKET – REGIONAL OUTLOOK
5.1. BRAZIL
5.2. MEXICO
5.3. REST
OF LATIN AMERICA
6. COMPETITIVE
LANDSCAPE
6.1. CHINA
AUTOMOTIVE SYSTEMS INC
6.2. DENSO
CORPORATION
6.3. HITACHI
ASTEMO LTD
6.4. HONDA
MOTOR COMPANY
6.5. HYUNDAI
MOBIS
6.6. JTEKT
CORPORATION
6.7. MANDO
CORPORATION
6.8. MITSUBISHI
ELECTRIC CORPORATION
6.9. NEXTEER
AUTOMOTIVE CORPORATION
6.10. NSK
LTD
6.11. ROBERT
BOSCH GMBH
6.12. THYSSENKRUPP
AG
6.13. ZF
FRIEDRICHSHAFEN AG
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: LATIN AMERICA
AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: LATIN AMERICA
AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 4: LATIN AMERICA
ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 5: LATIN AMERICA
ELECTRIC POWER STEERING SYSTEM MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)
TABLE 6: LATIN AMERICA
AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: KEY IMPACT
ANALYSIS
FIGURE 3: PRODUCTION OF
AUTOMOBILES (2016-2020)
FIGURE 4: LATIN AMERICA
AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2020 & 2028 (IN %)
FIGURE 5: LATIN AMERICA
AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC STEERING SYSTEM, 2021-2028 (IN $
MILLION)
FIGURE 6: LATIN AMERICA
AUTOMOTIVE STEERING SYSTEM MARKET, BY COLUMN-ASSIST TYPE (C-EPS), 2021-2028 (IN
$ MILLION)
FIGURE 7: LATIN AMERICA
AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION-ASSIST TYPE (C-EPS), 2021-2028 (IN
$ MILLION)
FIGURE 8: LATIN AMERICA
AUTOMOTIVE STEERING SYSTEM MARKET, BY DIRECT DRIVE TYPE (D-EPS), 2021-2028 (IN
$ MILLION)
FIGURE 9: LATIN AMERICA
AUTOMOTIVE STEERING SYSTEM MARKET, BY RACK-ASSIST TYPE (R-EPS), 2021-2028 (IN $
MILLION)
FIGURE 10: LATIN
AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING RACK/COLUMN, 2021-2028
(IN $ MILLION)
FIGURE 11: LATIN
AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY SENSOR, 2021-2028 (IN $ MILLION)
FIGURE 12: LATIN
AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING MOTOR, 2021-2028 (IN $
MILLION)
FIGURE 13: LATIN
AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY OTHER COMPONENT TYPES, 2021-2028
(IN $ MILLION)
FIGURE 14: LATIN
AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY HYDRAULIC STEERING SYSTEM,
2021-2028 (IN $ MILLION)
FIGURE 15: LATIN
AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRO-HYDRAULIC, 2021-2028 (IN
$ MILLION)
FIGURE 16: LATIN
AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY STEER BY WIRE, 2021-2028 (IN $
MILLION)
FIGURE 17: LATIN
AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028
(IN %)
FIGURE 18: BRAZIL
AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 19: MEXICO
AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 20: REST OF
LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)