Brazil Automotive Electric Power Steering (EPS) Market | 2031
Brazil Automotive Electric Power Steering (EPS) Market | 2031
Segments - Brazil Automotive Electric Power Steering (EPS) Market by Types (Rack Assist Type [REPS], Colum Assist Type [CEPS], and Pinion Assist Type [PEPS]), Vehicle Types (Passenger Car and Commercial Vehicle), Component Type (Sensor, Steering Motor, Steering Rack/Column, and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :AL-3211
| 4.6 Rating
| 56 Reviews
| 198 Pages
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Report Description
The Brazil automotive electric power steering market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 4% during 2023–2031. The growth of market is attributed to increasing the frequency of incidents has also prompted end-users to implement improved safety systems.
Brazil is among the most important car marketplaces. With a population of 210 million people, South America is the world's sixth major vehicle market in terms of new registrations. However, Brazil is notable for more than just its huge desire for automobiles. It is also one of the top 10 passenger car manufacturers in the world.
The Brazil economy is expanding, and middle-class consumers’ disposable income is rising along with it. This has a favorable impact on the increasing demand for automobiles. Vehicle production has increased dramatically in the last five years as a result of the countries cheap manufacturing prices.
Brazil is a big country, and road transit is the primary form of transportation. Many other big countries, such as the United States, employ other modes of transportation, such as railroads, to deliver commodities, but Brazil's rail system is not as developed, resulting in a great need for commercial vehicles.
The electric power steering component market is gaining traction as a result of increased vehicle production. In addition, in order to boost car sales, the Brazil government has reduced automobile taxes to increase cars sales.
Electric power steering systems are more fuel-efficient than other alternatives because they do not use belt-driven hydraulic or manual pumps, which operate continuously whether assistance is required or not.
For completely automated driving, electric power steering (EPS) is a crucial technology. Small, mid-range, sports automobiles, as well as light commercial vehicles, all benefit from the EPS variations. The vehicle steering is controlled by an electric motor on the EPS.
The EPS manages and supports vehicle steering with the use of an electric motor, resulting in a smooth and enjoyable steering experience. Furthermore, the new generation of control units offers security in the event of a malfunction.
Brazil Automotive Electric Power Steering Market Trends, Drivers, Restraints, and Opportunities
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Rapid growth of the auto industries is major factors driving the market in the coming years.
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Growing trend to own a personal vehicle also high demand for advance technology with maximum safety features is estimated to fuel the market during the forecast period.
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Rising popularity of self-driving vehicles is expected to boost the market in the coming years.
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Roadway and vehicle design advancements have gradually lowered injury and fatality rates which are projected to propel the market.
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High price of electric power steering (EPS) components is expected to hamper the market growth.
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Semiconductor shortage acts as key challenges that hampers the market growth during the forecast period.
Scope of Brazil Automotive Electric Power Steering Market Report
The report on the Brazil automotive electric power steering market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Brazil Automotive Electric Power Steering Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Types (Rack Assist Type [REPS], Colum Assist Type [CEPS], and Pinion Assist Type [PEPS]), Vehicle Types (Passenger Car and Commercial Vehicle), Component Types (Sensor, Steering Motor, Steering Rack/Column, and Others) |
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Country Scope |
Brazil |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Robert Bosch GmbH NSK Ltd.; ZF Friedrichshafen AG;JTEKT Corporation; Nexteer Automotive Group Ltd |
Brazil Automotive Electric Power Steering Market Segment Insights
The pinion assist type (PEPS) segment is projected to account for a large market share
Based on product types, the Brazil automotive electric power steering market is divided into rack assist type (REPS), column assist type (CEPS), and pinion assist type (PEPS). The pinion assist type (PEPS) segment is expected to represent a key share of the market during the forecast period due to wide usage for control and assist of the vehicle steering from mid-size to SUVs.
The passenger car segment is expected to expand at a rapid pace
On the basis of vehicle types, the Brazil automotive electric power steering market is bifurcated into passenger car and commercial vehicle. The passenger car segment is expected to account for a key share of the market in the coming years owing to benefits, such as less expensive and low maintenance cost.
The sensor segment is expected to grow at a rapid pace
In terms of component types, the Brazil automotive electric power steering market is segmented into sensor, steering motor, steering rack/column, and others. The sensor segment is expected to represent a key share of the market during the forecast period owing to replacement of traditional parts of vehicles such as belts, and pumps by sensors also in process control, monitoring, and safety all done by sensors.
Segments
The Brazil automotive electric power steering market has been segmented on the basis of
Product Types
- Rack assist type (REPS)
- Colum assist type (CEPS)
- Pinion assist type (PEPS)
Vehicle Types
- Passenger Car
- Commercial Vehicle
Component Types
- Sensor
- Steering Motor
- Steering Rack/Column
- Others
Country
- Japan
Key Players
- Robert Bosch GmbH NSK Ltd
- ZF Friedrichshafen AG
- JTEKT Corporation
- Nexteer Automotive Group Ltd
Competitive Landscape
Key players competing in the Brazil automotive electric power steering market include Robert Bosch GmbH NSK Ltd.; ZF Friedrichshafen AG; JTEKT Corporation; Nexteer Automotive Group Ltd.
Some of these players are coming up with several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Electric Power Steering (EPS) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Automotive Electric Power Steering (EPS) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Automotive Electric Power Steering (EPS) Market - Supply Chain
4.5. Global Automotive Electric Power Steering (EPS) Market Forecast
4.5.1. Automotive Electric Power Steering (EPS) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Automotive Electric Power Steering (EPS) Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Automotive Electric Power Steering (EPS) Market Absolute $ Opportunity
5. Global Automotive Electric Power Steering (EPS) Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Automotive Electric Power Steering (EPS) Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Automotive Electric Power Steering (EPS) Demand Share Forecast, 2019-2026
6. North America Automotive Electric Power Steering (EPS) Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Automotive Electric Power Steering (EPS) Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Automotive Electric Power Steering (EPS) Demand Share Forecast, 2019-2026
7. Latin America Automotive Electric Power Steering (EPS) Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Automotive Electric Power Steering (EPS) Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Automotive Electric Power Steering (EPS) Demand Share Forecast, 2019-2026
8. Europe Automotive Electric Power Steering (EPS) Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Automotive Electric Power Steering (EPS) Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Automotive Electric Power Steering (EPS) Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Electric Power Steering (EPS) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Automotive Electric Power Steering (EPS) Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Automotive Electric Power Steering (EPS) Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Electric Power Steering (EPS) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Automotive Electric Power Steering (EPS) Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Automotive Electric Power Steering (EPS) Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Automotive Electric Power Steering (EPS) Market: Market Share Analysis
11.2. Automotive Electric Power Steering (EPS) Distributors and Customers
11.3. Automotive Electric Power Steering (EPS) Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Robert Bosch GmbH NSK Ltd
11.4.2. ZF Friedrichshafen AG
11.4.3. JTEKT Corporation
11.4.4. Nexteer Automotive Group Ltd
Methodology
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