Argentina Automotive EPS Market Projected to Grow at XX CAGR: Insights and Forecasts 2025-2033

Argentina Automotive EPS Market by Type (Column Type, , Pinion Type, Dual Pinion Type), by Component Type (Steering Rack/Column, Sensor, Steering Motor, Other Components), by Vehicle Type (Passenger Cars, Commercial Vehicles), by Argentina Forecast 2025-2033

Jun 8 2025
Base Year: 2024
197 Pages
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Argentina Automotive EPS Market Projected to Grow at XX CAGR: Insights and Forecasts 2025-2033

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Key Insights

The Argentina Automotive Electric Power Steering (EPS) market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 6% from 2025 to 2033. This expansion is fueled by several key factors. Increasing adoption of advanced driver-assistance systems (ADAS) and the rising demand for fuel-efficient vehicles are significant drivers. Furthermore, stringent government regulations promoting vehicle safety and emission reduction are creating a favorable environment for EPS adoption. The market is segmented by type (Column, Pinion, Dual Pinion), component (Steering Rack/Column, Sensor, Steering Motor, Other Components), and vehicle type (Passenger Cars, Commercial Vehicles). Passenger cars currently dominate the market share, however, the commercial vehicle segment is expected to witness significant growth driven by increasing demand for enhanced maneuverability and fuel efficiency in commercial fleets. Competition is intense, with major players such as JTEKT, Denso, ZF Friedrichshafen, NSK, GKN, Mitsubishi Electric, Nexteer Automotive, Bosch, Hubei Henglong, and Thyssenkrupp Presta vying for market share through technological advancements and strategic partnerships.

Despite the positive outlook, challenges remain. Fluctuations in raw material prices and economic volatility within Argentina could impact market growth. However, the long-term prospects remain strong, underpinned by the ongoing trend towards vehicle automation and the increasing preference for enhanced driving comfort and safety features. The market's growth trajectory suggests a significant expansion in the coming years, presenting lucrative opportunities for both established and emerging players. The focus on technological innovation, particularly in areas such as improved energy efficiency and integration with ADAS, will be crucial for success within this dynamic market.

Argentina Automotive EPS Market Research Report - Market Size, Growth & Forecast

Argentina Automotive EPS Market Report: 2019-2033

This comprehensive report provides a detailed analysis of the Argentina Automotive Electric Power Steering (EPS) market, encompassing market dynamics, growth trends, regional analysis, product landscape, key players, and future outlook. The study period covers 2019-2033, with 2025 as the base and estimated year. This report is essential for automotive manufacturers, component suppliers, investors, and industry professionals seeking to understand and capitalize on the opportunities within this dynamic market. The report segments the market by Type (Column Type, Pinion Type, Dual Pinion Type), Component Type (Steering Rack/Column, Sensor, Steering Motor, Other Components), and Vehicle Type (Passenger Cars, Commercial Vehicles).

Keywords: Argentina Automotive EPS Market, Electric Power Steering, EPS Market Argentina, Automotive Components, Steering Systems, Passenger Cars, Commercial Vehicles, Market Size, Market Share, Market Growth, CAGR, JTEKT Corporation, Denso Corporation, ZF Friedrichshafen, NSK Ltd, GKN PLC, Mitsubishi Electric, Nexteer Automotive, Robert Bosch, Hubei Henglong, Thyssenkrupp Presta.

Argentina Automotive EPS Market Dynamics & Structure

The Argentina Automotive EPS market exhibits a moderately concentrated structure with key players holding significant market shares. Technological innovation, driven by advancements in sensor technology and software integration, is a key growth driver. Stringent government regulations concerning vehicle safety and emissions are also influencing market dynamics. The market faces competition from traditional hydraulic steering systems, although EPS adoption is steadily increasing. End-user demographics, particularly the growing preference for advanced driver-assistance systems (ADAS), are fueling demand. M&A activity within the sector has been moderate, with xx deals recorded between 2019 and 2024, resulting in a xx% market share shift.

  • Market Concentration: Moderately concentrated, with top 5 players holding approximately xx% market share in 2024.
  • Technological Innovation: Focus on improved fuel efficiency, enhanced driver experience, and integration with ADAS.
  • Regulatory Framework: Stringent safety standards and emissions regulations driving EPS adoption.
  • Competitive Substitutes: Hydraulic steering systems represent the primary competition.
  • End-User Demographics: Growing demand from the passenger car segment, driven by increased ADAS adoption.
  • M&A Trends: Moderate activity observed, with xx deals contributing to a xx% shift in market share during the historical period. Innovation barriers include high R&D costs and the need for specialized manufacturing capabilities.

Argentina Automotive EPS Market Growth Trends & Insights

The Argentina Automotive EPS market experienced significant growth during the historical period (2019-2024), with a CAGR of xx%. This growth is primarily attributed to increasing vehicle production, rising consumer preference for advanced safety features, and stringent government regulations promoting fuel efficiency. The market is expected to maintain a robust growth trajectory during the forecast period (2025-2033), driven by continuous technological advancements, including the integration of electric and hybrid vehicles. Market penetration of EPS systems in passenger cars is currently at xx% and is projected to reach xx% by 2033. Consumer behavior shifts towards enhanced driving comfort and safety further accelerate market expansion.

Argentina Automotive EPS Market Growth

Dominant Regions, Countries, or Segments in Argentina Automotive EPS Market

The Buenos Aires region currently dominates the Argentina Automotive EPS market, accounting for approximately xx% of total sales in 2024. This dominance is attributed to its higher concentration of automotive manufacturing facilities and a larger consumer base. The passenger car segment holds the largest market share (xx%), followed by commercial vehicles (xx%). Within the component type segment, Steering Rack/Column holds the largest share (xx%). Key drivers for this regional dominance include favorable government policies supporting automotive manufacturing, well-established automotive infrastructure, and a growing demand for technologically advanced vehicles.

  • Regional Dominance: Buenos Aires, driven by manufacturing concentration and consumer demand.
  • Segment Dominance: Passenger cars, followed by commercial vehicles; Steering Rack/Column dominates component-wise.
  • Key Drivers: Favorable government policies, established automotive infrastructure, and rising consumer demand for advanced safety features.

Argentina Automotive EPS Market Product Landscape

The Argentina Automotive EPS market features a diverse range of products catering to varied vehicle types and performance requirements. Innovations include advancements in sensor technology, leading to improved precision and responsiveness. The integration of advanced software algorithms enhances steering feel and stability. Unique selling propositions include improved fuel efficiency, enhanced driving comfort, and seamless integration with ADAS functionalities. Technological advancements such as electric-assisted steering systems, and the incorporation of haptic feedback mechanisms are shaping the competitive landscape.

Key Drivers, Barriers & Challenges in Argentina Automotive EPS Market

Key Drivers: Increasing adoption of ADAS, stringent fuel efficiency regulations, growing preference for enhanced driver comfort and safety, and technological advancements in sensor and software technologies. The rising production of electric and hybrid vehicles is further fueling market growth.

Key Challenges: Fluctuations in raw material prices, economic instability impacting consumer spending, and high initial investment costs for advanced EPS systems. Supply chain disruptions and the availability of skilled labor pose additional challenges. Import restrictions and tariffs could impact the cost and availability of components.

Emerging Opportunities in Argentina Automotive EPS Market

Emerging opportunities include the expanding market for electric and hybrid vehicles, growing demand for advanced driver-assistance systems (ADAS), and the integration of EPS systems with autonomous driving technologies. The potential for partnerships and collaborations between automotive manufacturers and EPS component suppliers offers significant growth potential. Untapped markets in rural areas with increased road connectivity present further opportunities.

Growth Accelerators in the Argentina Automotive EPS Market Industry

Technological advancements, strategic partnerships and collaborations, and market expansion strategies into new vehicle segments will propel long-term growth. Investments in research and development to improve EPS system efficiency and performance will also contribute to market expansion. Government incentives for eco-friendly vehicles further accelerate market growth.

Key Players Shaping the Argentina Automotive EPS Market Market

  • JTEKT Corporation
  • Denso Corporation
  • ZF Friedrichshafen AG
  • NSK Ltd
  • GKN PLC
  • Mitsubishi Electric Corporation
  • Nexteer Automotive
  • Robert Bosch GmbH
  • Hubei Henglong Auto System Group
  • Thyssenkrupp Presta AG

Notable Milestones in Argentina Automotive EPS Market Sector

  • 2022 (Q3): Launch of a new EPS system by ZF Friedrichshafen AG incorporating advanced sensor technology.
  • 2023 (Q1): Joint venture between Denso Corporation and a local Argentinian firm to increase EPS production.
  • 2024 (Q2): Implementation of new safety regulations related to EPS systems by the Argentinian government.

In-Depth Argentina Automotive EPS Market Market Outlook

The Argentina Automotive EPS market is poised for significant growth driven by technological advancements, stringent regulatory frameworks, and increasing demand for enhanced safety and fuel-efficient vehicles. Strategic partnerships and collaborations will play a crucial role in driving market expansion. The market holds significant potential for both established players and new entrants seeking to capitalize on the growing demand for advanced automotive technologies.

Argentina Automotive EPS Market Segmentation

  • 1. Type
    • 1.1. Column Type,
    • 1.2. Pinion Type
    • 1.3. Dual Pinion Type
  • 2. Component Type
    • 2.1. Steering Rack/Column
    • 2.2. Sensor
    • 2.3. Steering Motor
    • 2.4. Other Components
  • 3. Vehicle Type
    • 3.1. Passenger Cars
    • 3.2. Commercial Vehicles

Argentina Automotive EPS Market Segmentation By Geography

  • 1. Argentina
Argentina Automotive EPS Market Regional Share

Argentina Automotive EPS Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of > 6.00% from 2019-2033
Segmentation
    • By Type
      • Column Type,
      • Pinion Type
      • Dual Pinion Type
    • By Component Type
      • Steering Rack/Column
      • Sensor
      • Steering Motor
      • Other Components
    • By Vehicle Type
      • Passenger Cars
      • Commercial Vehicles
  • By Geography
    • Argentina

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. Increasing Electric Vehicle Sales May Drive the Market
      • 3.3. Market Restrains
        • 3.3.1. The Ongoing Russia-Ukraine May Hamper the Growth of the Market
      • 3.4. Market Trends
        • 3.4.1. Sensors are Expected to Grow at Rapid Pace in the Market
  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. Argentina Automotive EPS Market Analysis, Insights and Forecast, 2019-2031
    • 5.1. Market Analysis, Insights and Forecast - by Type
      • 5.1.1. Column Type,
      • 5.1.2. Pinion Type
      • 5.1.3. Dual Pinion Type
    • 5.2. Market Analysis, Insights and Forecast - by Component Type
      • 5.2.1. Steering Rack/Column
      • 5.2.2. Sensor
      • 5.2.3. Steering Motor
      • 5.2.4. Other Components
    • 5.3. Market Analysis, Insights and Forecast - by Vehicle Type
      • 5.3.1. Passenger Cars
      • 5.3.2. Commercial Vehicles
    • 5.4. Market Analysis, Insights and Forecast - by Region
      • 5.4.1. Argentina
  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 Denso Corporation
          • 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 ZF Friedrichshafen A
          • 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 NSK Ltd
          • 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 Nexteer Automotive
          • 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 Robert Bosch GmbH
          • 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 Hubei Henglong Auto System Group
          • 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 Thyssenkrupp Presta AG
          • 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)

List of Figures

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

List of Tables

  1. Table 1: Argentina Automotive EPS Market Revenue Million Forecast, by Region 2019 & 2032
  2. Table 2: Argentina Automotive EPS Market Revenue Million Forecast, by Type 2019 & 2032
  3. Table 3: Argentina Automotive EPS Market Revenue Million Forecast, by Component Type 2019 & 2032
  4. Table 4: Argentina Automotive EPS Market Revenue Million Forecast, by Vehicle Type 2019 & 2032
  5. Table 5: Argentina Automotive EPS Market Revenue Million Forecast, by Region 2019 & 2032
  6. Table 6: Argentina Automotive EPS Market Revenue Million Forecast, by Country 2019 & 2032
  7. Table 7: Argentina Automotive EPS Market Revenue Million Forecast, by Type 2019 & 2032
  8. Table 8: Argentina Automotive EPS Market Revenue Million Forecast, by Component Type 2019 & 2032
  9. Table 9: Argentina Automotive EPS Market Revenue Million Forecast, by Vehicle Type 2019 & 2032
  10. Table 10: Argentina Automotive EPS Market Revenue Million Forecast, by Country 2019 & 2032

Frequently Asked Questions

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

The projected CAGR is approximately > 6.00%.

2. Which companies are prominent players in the Argentina Automotive EPS Market?

Key companies in the market include JTEKT Corporation, Denso Corporation, ZF Friedrichshafen A, NSK Ltd, GKN PLC, Mitsubishi Electric Corporation, Nexteer Automotive, Robert Bosch GmbH, Hubei Henglong Auto System Group, Thyssenkrupp Presta AG.

3. What are the main segments of the Argentina Automotive EPS Market?

The market segments include Type, Component Type, Vehicle Type.

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?

Increasing Electric Vehicle Sales May Drive the Market.

6. What are the notable trends driving market growth?

Sensors are Expected to Grow at Rapid Pace in the Market.

7. Are there any restraints impacting market growth?

The Ongoing Russia-Ukraine May Hamper the Growth of the Market.

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

N/A

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 "Argentina Automotive EPS Market," 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 Argentina Automotive EPS Market 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 Argentina Automotive EPS Market?

To stay informed about further developments, trends, and reports in the Argentina Automotive EPS Market, 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.

About Visionary Data Reports

Visionary Data Reports provides future-focused market research, advanced analytics, and strategic insights for technology, healthcare, green energy, and finance. Our reports help you anticipate trends, innovate, and lead in your industry. Our expert team combines primary research, data science, and industry knowledge to deliver actionable intelligence. We offer syndicated reports, custom analytics, and consulting services tailored to your business needs. At Visionary Data Reports, we are committed to quality, transparency, and client satisfaction. Every report is rigorously validated to ensure accuracy and relevance. Our global perspective and forward-thinking approach help you understand both current and emerging market dynamics.

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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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