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))
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.
Brazil and Argentina are major economies in SAM. Self-driving vehicles witnessing progress is driving the SAM electronic power steering market in a positive way. There is an increase in adoption of buses and trucks, specifically for logistics and public transportation purposes, across the. In SAM Public transport is used more as compared to private transportation, whereas in North America, transportation is mainly through private vehicles. Growing population in urban areas is demanding the increasing public transportation with the improvement in existing transportation infrastructure is proving to be insufficient. The OEMs across SAM are now focusing on reducing the carbon footprint, therefore, boosting the usage of electric vehicles. With the growing mobility on demand, passenger cars and taxis are focusing more on the deployment of greener technologies. The manufacturers are majorly focusing on the field of vehicle electrification, specifically passenger cars. Several countries are highly focused on building green transportation. The governments across different countries are taking several initiatives to boost the adoption of electric vehicles in their public transportation—such as e-trucks and e-buses—so as to reduce CO2 emissions by offering tax rebates and incentives. Some of the electric vehicle models are the BYD K9, Mercedes Benz electric truck, and Tata Starbus Hybrid e-buses. Recently, some of the commercial vehicle manufacturers have announced electric buses and some OEMs have announced the plans for migrating full-size trucks or pickup trucks to battery EV platforms. All these factors are expected to create huge opportunities for the growth and the acceleration of new technology implementations, such as EPS, across SAM.
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 South America 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.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM electronic power steering market. The SAM electronic power steering market is expected to grow at a good CAGR during the forecast period.
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 - Companies Mentioned
- 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
- HYUNDAI MOBIS
- JTEKT Corporation
- Mando Corporation
- Mitsubishi Electric Corporation
- Nexteer Automotive
- NSK Ltd.
- Robert Bosch GmbH
- SHOWA CORPORATION
- thyssenkrupp AG
- 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