Mexico Automotive EPS Industry Is Set To Reach XXX Million By 2033, Growing At A CAGR Of XX

Mexico Automotive EPS Industry by Application Type (Passenger Car, Commercial Vehicle), by Type (By Rack assist type (REPS), Colum assist type (CEPS), Pinion assist type (PEPS)), by Demand Category (OEM, Replacement), by Mexico Forecast 2025-2033

Jul 1 2025
Base Year: 2024
197 Pages
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Mexico Automotive EPS Industry Is Set To Reach XXX Million By 2033, Growing At A CAGR Of XX

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  • In-depth Analysis Tailored to Specified Regions or Segments
  • Company Profiles Customized to User Preferences
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  • Customized Evaluation of Competitive Landscape to Meet Your Needs
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Key Insights

The Mexico automotive electric power steering (EPS) market is experiencing robust growth, driven by increasing vehicle production, stringent fuel efficiency regulations, and rising demand for advanced driver-assistance systems (ADAS). The market, valued at approximately $XX million in 2025, is projected to expand at a compound annual growth rate (CAGR) of 5.80% from 2025 to 2033. This growth is fueled by a surge in passenger car sales, coupled with the increasing adoption of EPS in commercial vehicles. The OEM segment currently dominates the market, though the replacement market is expected to witness significant growth in the forecast period due to rising vehicle parc and increasing demand for aftermarket repairs and upgrades. Within application types, passenger cars constitute a larger share, reflecting the higher volume of passenger vehicle production in Mexico. The market is segmented by EPS type, with rack assist, column assist, and pinion assist systems catering to diverse vehicle requirements. Leading players such as JTEKT, Hyundai Mobis, and others are strategically investing in R&D and expanding their manufacturing capabilities to meet the rising demand. The growth trajectory is, however, subject to fluctuations in the global automotive industry and potential economic uncertainties affecting Mexico's automotive sector.

Further growth will be significantly impacted by the ongoing technological advancements in EPS systems, including the integration of more sophisticated ADAS features and the development of more energy-efficient designs. The competitive landscape is characterized by both established international players and domestic suppliers. Competition is intensifying, with companies focusing on innovation, cost optimization, and strategic partnerships to gain market share. The increasing focus on sustainability and the rising demand for electric and hybrid vehicles further bolster the outlook for the EPS market in Mexico. However, challenges remain, including supply chain disruptions and potential fluctuations in raw material prices. Successful navigation of these challenges will be crucial for sustained growth within the Mexican automotive EPS market.

This in-depth report provides a comprehensive analysis of the Mexico Automotive Electronic Power Steering (EPS) industry, offering invaluable insights for stakeholders, investors, and industry professionals. With a detailed study period spanning from 2019 to 2033, including a base year of 2025 and a forecast period of 2025-2033, this report delivers critical data and future projections on market size, growth, and competitive dynamics. The report meticulously examines various market segments, including OEM and replacement markets, passenger car and commercial vehicle applications, and different EPS types (REPS, CEPS, PEPS).

Mexico Automotive EPS Industry Research Report - Market Size, Growth & Forecast

Mexico Automotive EPS Industry Market Structure & Competitive Dynamics

This section analyzes the competitive landscape of the Mexican Automotive EPS market. We delve into market concentration, examining the market share held by key players such as JTEKT Corporation, Hyundai Mobis Co, Hitachi Automotive Systems, Infineon Technologies, GKN PLC, Mitsubishi Electric Corporation, Mando Corporation, Nexteer Automotive, ATS Automation Tooling Systems Inc, Delphi Automotive Systems, and NSK Ltd. The report explores the innovation ecosystems driving technological advancements, regulatory frameworks influencing market operations, and the presence of product substitutes. Further, we analyze end-user trends shaping demand and the impact of mergers and acquisitions (M&A) activities, including the value of significant deals concluded within the period. The competitive intensity is analyzed using metrics like market share and Herfindahl-Hirschman Index (HHI), providing a clear picture of market concentration. The influence of government policies and economic factors on the competitiveness of the industry will also be explored. We assess the potential for future M&A activity based on current market trends and the strategic goals of major players. The report estimates xx Million USD as the total M&A deal value in the reviewed period.

Mexico Automotive EPS Industry Industry Trends & Insights

This section offers a granular analysis of the key trends and insights shaping the Mexican Automotive EPS market. We will explore market growth drivers, including the expanding automotive industry, increasing demand for advanced driver-assistance systems (ADAS), and rising consumer preference for fuel-efficient vehicles. We also address technological disruptions stemming from advancements in EPS technology, such as the adoption of electric and hybrid vehicles. The report provides a detailed examination of consumer preferences, focusing on features such as improved fuel economy, enhanced safety, and driver comfort. Competitive dynamics, encompassing pricing strategies, product differentiation, and innovation, are also discussed. The report projects a Compound Annual Growth Rate (CAGR) of xx% for the forecast period (2025-2033), with market penetration reaching xx% by 2033.

Mexico Automotive EPS Industry Growth

Dominant Markets & Segments in Mexico Automotive EPS Industry

This section identifies the dominant segments within the Mexican Automotive EPS market across various categories. We examine the leading regions within Mexico, based on production and consumption. We analyze the dominance of the OEM and Replacement demand categories, Passenger Car and Commercial Vehicle application types, and Rack assist type (REPS), Column assist type (CEPS), and Pinion assist type (PEPS) based on factors like market size, growth rate, and profitability. Key drivers for each dominant segment are explored in detail. For instance, the dominance of a particular segment might be due to government incentives for electric vehicles, strong infrastructure for automotive manufacturing, or specific consumer preferences.

  • Key Drivers for Dominant Segments:
    • Government policies promoting automotive manufacturing.
    • Economic growth and rising disposable incomes.
    • Development of supporting infrastructure.
    • Technological advancements and innovation.
    • Consumer preference trends and shifting vehicle types.

Mexico Automotive EPS Industry Product Innovations

This section highlights recent product developments and innovations within the Mexican Automotive EPS market. We focus on technological advancements like improved efficiency, enhanced safety features, and integration with ADAS. The report also analyzes the competitive advantages offered by these innovations, including cost reductions, improved performance, and enhanced market differentiation. This will be supported by examples of new product launches and technological breakthroughs shaping the future of EPS technology in the Mexican market. We anticipate an increase in the development and adoption of xx% of next-gen EPS systems by 2033.

Report Segmentation & Scope

This report segments the Mexico Automotive EPS industry into:

  • Demand Category: OEM and Replacement. We project the OEM segment to hold a larger market share due to the ongoing growth in new vehicle production, while the replacement market is expected to experience steady growth driven by the increasing age of the vehicle fleet. The replacement market size is predicted at xx Million USD in 2025.

  • Application Type: Passenger Car and Commercial Vehicle. The Passenger Car segment is expected to be the larger segment due to the high volume of passenger car production in Mexico. The Commercial Vehicle segment is anticipated to grow at a slower, yet steady, rate.

  • Type: By Rack assist type (REPS), Column assist type (CEPS), and Pinion assist type (PEPS). The report analyzes the market size and growth projections for each type, highlighting the competitive dynamics among different EPS technologies. The REPS segment is estimated to account for xx Million USD of the market in 2025.

Key Drivers of Mexico Automotive EPS Industry Growth

The growth of the Mexican Automotive EPS industry is fueled by several key factors. Technological advancements, particularly in electric and hybrid vehicles, are a major driver. Government initiatives supporting the automotive sector and economic expansion contribute significantly to market growth. The rising demand for safety features and fuel efficiency in vehicles also boosts demand for EPS systems. Furthermore, Mexico's strategic location and growing automotive manufacturing capabilities have attracted substantial foreign investment, further accelerating industry growth.

Challenges in the Mexico Automotive EPS Industry Sector

Several challenges impact the growth of Mexico's Automotive EPS industry. Supply chain disruptions and fluctuations in raw material prices pose significant risks. Furthermore, intense competition from both domestic and international players exerts considerable pressure on profit margins. Regulatory compliance and environmental regulations present additional hurdles. The overall impact of these challenges on market growth is estimated to be approximately xx% during the forecast period.

Leading Players in the Mexico Automotive EPS Industry Market

  • JTEKT Corporation
  • Hyundai Mobis Co
  • Hitachi Automotive Systems
  • Infineon Technologies
  • GKN PLC
  • Mitsubishi Electric Corporation
  • Mando Corporation
  • Nexteer Automotive
  • ATS Automation Tooling Systems Inc
  • Delphi Automotive Systems
  • NSK Ltd

Key Developments in Mexico Automotive EPS Industry Sector

  • June 2022: Flex announced the expansion of its automotive manufacturing hub in Jalisco, Mexico, aiming to support next-generation mobility goals.
  • February 2022: Bosch Mexico announced a USD 146 Million investment to expand its Queretaro factory's capacity for electronic power steering (EPS) component production, including a new 12,000 square meter warehouse and high-tech production lines.

Strategic Mexico Automotive EPS Industry Market Outlook

The future of the Mexico Automotive EPS industry looks promising, driven by continued growth in the automotive sector, technological advancements, and supportive government policies. Strategic opportunities exist for companies focusing on innovation, cost optimization, and expanding into new market segments. The market is expected to witness a significant expansion in the coming years, presenting lucrative opportunities for both established players and new entrants. The long-term outlook indicates strong potential for market growth, exceeding xx Million USD by 2033.

Mexico Automotive EPS Industry Segmentation

  • 1. Application Type
    • 1.1. Passenger Car
    • 1.2. Commercial Vehicle
  • 2. Type
    • 2.1. By Rack assist type (REPS)
    • 2.2. Colum assist type (CEPS)
    • 2.3. Pinion assist type (PEPS)
  • 3. Demand Category
    • 3.1. OEM
    • 3.2. Replacement

Mexico Automotive EPS Industry Segmentation By Geography

  • 1. Mexico
Mexico Automotive EPS Industry Regional Share

Mexico Automotive EPS Industry REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of 5.80% from 2019-2033
Segmentation
    • By Application Type
      • Passenger Car
      • Commercial Vehicle
    • By Type
      • By Rack assist type (REPS)
      • Colum assist type (CEPS)
      • Pinion assist type (PEPS)
    • By Demand Category
      • OEM
      • Replacement
  • By Geography
    • Mexico

Table of Contents

  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Rise in demand for Luxury Cars Across the Country
      • 3.3. Market Restrains
        • 3.3.1. High Cost Associated with the Product
      • 3.4. Market Trends
        • 3.4.1. Passenger Car Segment to Fuel EPS Demand Over Forecast Period
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Mexico Automotive EPS Industry Analysis, Insights and Forecast, 2019-2031
    • 5.1. Market Analysis, Insights and Forecast - by Application Type
      • 5.1.1. Passenger Car
      • 5.1.2. Commercial Vehicle
    • 5.2. Market Analysis, Insights and Forecast - by Type
      • 5.2.1. By Rack assist type (REPS)
      • 5.2.2. Colum assist type (CEPS)
      • 5.2.3. Pinion assist type (PEPS)
    • 5.3. Market Analysis, Insights and Forecast - by Demand Category
      • 5.3.1. OEM
      • 5.3.2. Replacement
    • 5.4. Market Analysis, Insights and Forecast - by Region
      • 5.4.1. Mexico
  6. 6. Competitive Analysis
    • 6.1. Market Share Analysis 2024
      • 6.2. Company Profiles
        • 6.2.1 JTEKT Corporation
          • 6.2.1.1. Overview
          • 6.2.1.2. Products
          • 6.2.1.3. SWOT Analysis
          • 6.2.1.4. Recent Developments
          • 6.2.1.5. Financials (Based on Availability)
        • 6.2.2 Hyundai Mobis Co
          • 6.2.2.1. Overview
          • 6.2.2.2. Products
          • 6.2.2.3. SWOT Analysis
          • 6.2.2.4. Recent Developments
          • 6.2.2.5. Financials (Based on Availability)
        • 6.2.3 Hitachi Automotiec Systems
          • 6.2.3.1. Overview
          • 6.2.3.2. Products
          • 6.2.3.3. SWOT Analysis
          • 6.2.3.4. Recent Developments
          • 6.2.3.5. Financials (Based on Availability)
        • 6.2.4 Infineon Technologies
          • 6.2.4.1. Overview
          • 6.2.4.2. Products
          • 6.2.4.3. SWOT Analysis
          • 6.2.4.4. Recent Developments
          • 6.2.4.5. Financials (Based on Availability)
        • 6.2.5 GKN PLC
          • 6.2.5.1. Overview
          • 6.2.5.2. Products
          • 6.2.5.3. SWOT Analysis
          • 6.2.5.4. Recent Developments
          • 6.2.5.5. Financials (Based on Availability)
        • 6.2.6 Mitsubishi Electric Corporation
          • 6.2.6.1. Overview
          • 6.2.6.2. Products
          • 6.2.6.3. SWOT Analysis
          • 6.2.6.4. Recent Developments
          • 6.2.6.5. Financials (Based on Availability)
        • 6.2.7 Mando Corporation
          • 6.2.7.1. Overview
          • 6.2.7.2. Products
          • 6.2.7.3. SWOT Analysis
          • 6.2.7.4. Recent Developments
          • 6.2.7.5. Financials (Based on Availability)
        • 6.2.8 Nexteer Automotive
          • 6.2.8.1. Overview
          • 6.2.8.2. Products
          • 6.2.8.3. SWOT Analysis
          • 6.2.8.4. Recent Developments
          • 6.2.8.5. Financials (Based on Availability)
        • 6.2.9 ATS Automation Tooling Systems Inc
          • 6.2.9.1. Overview
          • 6.2.9.2. Products
          • 6.2.9.3. SWOT Analysis
          • 6.2.9.4. Recent Developments
          • 6.2.9.5. Financials (Based on Availability)
        • 6.2.10 Delphi Automotive Systems
          • 6.2.10.1. Overview
          • 6.2.10.2. Products
          • 6.2.10.3. SWOT Analysis
          • 6.2.10.4. Recent Developments
          • 6.2.10.5. Financials (Based on Availability)
        • 6.2.11 NSK Ltd *List Not Exhaustive
          • 6.2.11.1. Overview
          • 6.2.11.2. Products
          • 6.2.11.3. SWOT Analysis
          • 6.2.11.4. Recent Developments
          • 6.2.11.5. Financials (Based on Availability)

List of Figures

  1. Figure 1: Mexico Automotive EPS Industry Revenue Breakdown (Million, %) by Product 2024 & 2032
  2. Figure 2: Mexico Automotive EPS Industry Share (%) by Company 2024

List of Tables

  1. Table 1: Mexico Automotive EPS Industry Revenue Million Forecast, by Region 2019 & 2032
  2. Table 2: Mexico Automotive EPS Industry Revenue Million Forecast, by Application Type 2019 & 2032
  3. Table 3: Mexico Automotive EPS Industry Revenue Million Forecast, by Type 2019 & 2032
  4. Table 4: Mexico Automotive EPS Industry Revenue Million Forecast, by Demand Category 2019 & 2032
  5. Table 5: Mexico Automotive EPS Industry Revenue Million Forecast, by Region 2019 & 2032
  6. Table 6: Mexico Automotive EPS Industry Revenue Million Forecast, by Country 2019 & 2032
  7. Table 7: Mexico Automotive EPS Industry Revenue Million Forecast, by Application Type 2019 & 2032
  8. Table 8: Mexico Automotive EPS Industry Revenue Million Forecast, by Type 2019 & 2032
  9. Table 9: Mexico Automotive EPS Industry Revenue Million Forecast, by Demand Category 2019 & 2032
  10. Table 10: Mexico Automotive EPS Industry Revenue Million Forecast, by Country 2019 & 2032

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Mexico Automotive EPS Industry?

The projected CAGR is approximately 5.80%.

2. Which companies are prominent players in the Mexico Automotive EPS Industry?

Key companies in the market include JTEKT Corporation, Hyundai Mobis Co, Hitachi Automotiec Systems, Infineon Technologies, GKN PLC, Mitsubishi Electric Corporation, Mando Corporation, Nexteer Automotive, ATS Automation Tooling Systems Inc, Delphi Automotive Systems, NSK Ltd *List Not Exhaustive.

3. What are the main segments of the Mexico Automotive EPS Industry?

The market segments include Application Type, Type, Demand Category.

4. Can you provide details about the market size?

The market size is estimated to be USD XX Million as of 2022.

5. What are some drivers contributing to market growth?

Rise in demand for Luxury Cars Across the Country.

6. What are the notable trends driving market growth?

Passenger Car Segment to Fuel EPS Demand Over Forecast Period.

7. Are there any restraints impacting market growth?

High Cost Associated with the Product.

8. Can you provide examples of recent developments in the market?

In June 2022, Flex who is an manufacturing partner for diverse industries and end market annouced the expansion of its automotive manufacturing hub in Jalisco, Mexico. This came for company aims behind vision to generate next gen mobility goals.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in Million.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Mexico Automotive EPS Industry," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Mexico Automotive EPS Industry report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Mexico Automotive EPS Industry?

To stay informed about further developments, trends, and reports in the Mexico Automotive EPS Industry, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step Chart
Bar Chart
Method Chart

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Approach Chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
Analyst Chart

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

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+17162654855
[email protected]

+17162654855

[email protected]

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Office no. A 5010, fifth floor, Solitaire Business Hub, Near Phoenix mall, Pune, Maharashtra 411014

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Craig Francis

Business Development Head

+17162654855

[email protected]

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