Latin America Automotive Steering Systems Industry to 2028 – by Vehicle Type, Type and Region

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DUBLIN – (BUSINESS WIRE) – The “Latin America Automotive Steering Systems Market 2021-2028” the report was added to ResearchAndMarkets.com offer.

The publisher said that the automotive steering systems market in Latin America is expected to grow at a CAGR of 5.19% during the forecast years 2021 to 2028. Mexico, Brazil and the rest of Latin America together constitute the market for this region.

The region of the rest of Latin America includes various emerging economies, such as Chile, Argentina, Venezuela, Costa Rica, Ecuador and Peru, among others. In July 2017, the Argentine government announced lower import duties on battery electric vehicles (BEVs), fuel cell electric vehicles (FCEVs) and hybrid electric vehicles (including conventional and plug-in hybrids) . Import tariffs have been reduced from 35% previously to a range of 0% to 5%. It depended on factors such as the powertrain of the vehicles and whether they were imported as fully built units (CBUs), semi-disassembled units (SKD) or fully disassembled units (CKD).

Furthermore, the presence of companies such as Ferreiros y Vilela SA in the country contributes to the growth of the automotive steering systems market. Currently, it supplies all models of rack and pinion steering systems in the market, and others which are produced according to customer demand. Its factory in San Isidro has a well-developed infrastructure, with highly qualified personnel in all its areas. This indicates a growth of the automotive steering systems market in the region in the coming years. In addition, several multinational players in the automotive industry have their production facilities in Mexico and Brazil. This shows that there is great potential for the studied market in Latin America.

Companies mentioned

  • China Automotive Systems Inc

  • Denso Corporation

  • Hitachi Astemo Ltd

  • Honda Motor Company

  • Hyundai mobis

  • Jtekt Company

  • Mando Corporation

  • Mitsubishi electric corporation

  • Nexteer Automotive Corporation

  • NSK Ltd

  • Robert Bosch GmbH

Main topics covered:

1. Latin America Automotive Steering Systems Market – Summary

2. Industry outlook

2.1. Impact of Covid-19 on the automotive steering systems industry

2.2. Key ideas

2.2.1. Adoption of sensors

2.2.2. Adas (Advanced Driver Assistance Systems) Automotive Adoption

2.2.3. Use of technologically advanced eps

2.3. Porter’s Five Forces Analysis

2.3.1. The threat of new participants

2.3.2. Threat of substitute

2.3.3. The 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. Supplier scorecard

2.6. Key impact analysis

2.6.1. Fuel consumption

2.6.2. CO2 emissions

2.6.3. Maintenance

2.7. Key market strategies

2.7.1. Product launches

2.7.2. Contracts and partnerships

2.7.3. Business expansions and divestitures

2.8. Market factors

2.8.1. Growing demand for additional functions in the Electronic Control Unit (ECU)

2.8.2. Strict energy efficiency standards

2.9. Market challenges

2.9.1. Expensive automobile

2.9.2. Autonomous features in cars

2.10. Market opportunities

2.10.1. Positive outlook for automotive production

2.10.2. Growing number of electric vehicles

3. Latin America Automotive Steering Systems Market Outlook – By Vehicle Type

3.1. Driven by ice

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 Systems 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 Support Type (R-Eps)

4.1.2. Component-based electric power steering system

4.1.2.1. Steering rack / steering column

4.1.2.2. Sensor

4.1.2.3. Steering motor

4.1.2.4. Other types of components

4.2. Hydraulic steering system

4.3. Electro-hydraulic

4.4. Pilot 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

7. Methodology and scope of the research

For more information on this report, visit https://www.researchandmarkets.com/r/1taf8s

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