Argentina Automotive EPS Market XX CAGR Growth Analysis 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 26 2025
Base Year: 2024
197 Pages
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Argentina Automotive EPS Market XX CAGR Growth Analysis 2025-2033

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Key Insights

The Argentina Automotive Electric Power Steering (EPS) market presents a promising growth trajectory, driven by increasing demand for enhanced fuel efficiency, improved driving comfort, and advanced driver-assistance systems (ADAS) in both passenger cars and commercial vehicles. The market, valued at approximately $50 million in 2025, is projected to experience a Compound Annual Growth Rate (CAGR) exceeding 6% from 2025 to 2033. This growth is fueled by several key factors. Firstly, the rising adoption of ADAS features, such as lane-keeping assist and adaptive cruise control, necessitates the integration of sophisticated EPS systems. Secondly, stricter emission regulations are pushing automakers to adopt fuel-efficient technologies, with EPS playing a vital role in reducing vehicle fuel consumption. Thirdly, the increasing preference for passenger comfort and convenience translates into higher demand for EPS systems that offer smoother steering and improved handling. 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). Key players like JTEKT Corporation, Denso Corporation, and ZF Friedrichshafen are actively competing in this market, investing in research and development to offer innovative EPS solutions tailored to the specific needs of the Argentinian automotive industry.

While the market enjoys significant growth prospects, certain challenges remain. Economic fluctuations within Argentina could impact vehicle production and consequently, EPS demand. Furthermore, the relatively smaller size of the Argentinian automotive market compared to global giants could limit the overall market potential. However, the ongoing government initiatives to boost the automotive sector and the growing middle class with increased purchasing power could mitigate these restraints. The competitive landscape is characterized by both international and domestic players, leading to innovative product development and price competition. The focus on technologically advanced EPS systems, particularly those integrated with ADAS, is expected to drive significant market expansion in the coming years. The anticipated growth in passenger car sales and the increasing adoption of EPS in commercial vehicles will further contribute to the overall market expansion.

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

Argentina Automotive EPS Market: A Comprehensive Report (2019-2033)

This comprehensive report provides a detailed analysis of the Argentina Automotive Electric Power Steering (EPS) market, offering invaluable insights for industry stakeholders, investors, and market entrants. The study covers the period from 2019 to 2033, with a focus on the forecast period from 2025 to 2033. The base year for the analysis is 2025. The report meticulously examines market dynamics, competitive landscape, technological advancements, and future growth prospects, providing a holistic view of this dynamic sector.

Argentina Automotive EPS Market Market Concentration & Innovation

The Argentina Automotive EPS market exhibits a moderately concentrated landscape, with key players like JTEKT Corporation, Denso Corporation, ZF Friedrichshafen AG, and Robert Bosch GmbH holding significant market share. In 2025, the top 5 players collectively controlled an estimated xx% of the market. Market concentration is influenced by factors such as economies of scale, technological expertise, and established distribution networks.

Innovation in the Argentine EPS market is driven by the increasing demand for enhanced fuel efficiency, advanced driver-assistance systems (ADAS), and improved safety features. Regulatory frameworks, such as stricter emission norms and safety standards, are further propelling innovation. Product substitutes, primarily hydraulic power steering (HPS) systems, are gradually losing market share due to the superior efficiency and performance offered by EPS. End-user trends, particularly the preference for enhanced comfort and driver experience, are shaping product development and design.

Significant mergers and acquisitions (M&A) activities have been observed in the global automotive EPS market; however, specific M&A deal values and details related to Argentina remain limited and will require extensive data collection which is beyond this summary.

Argentina Automotive EPS Market Industry Trends & Insights

The Argentina Automotive EPS market is experiencing robust growth, driven primarily by the increasing production of passenger cars and commercial vehicles. The market's Compound Annual Growth Rate (CAGR) during the forecast period (2025-2033) is estimated to be xx%. This growth is fuelled by increasing disposable incomes, government initiatives supporting automotive manufacturing, and a rising preference for vehicles equipped with advanced features. Technological disruptions, such as the adoption of advanced driver-assistance systems (ADAS) and electric vehicles (EVs), are creating new opportunities for EPS providers. Consumer preferences are shifting towards vehicles offering greater fuel efficiency, improved safety, and advanced comfort features, directly impacting EPS demand. The competitive dynamics are characterized by intense competition among established global players and the emergence of local suppliers. Market penetration of EPS in the Argentinan automotive industry is predicted to reach xx% by 2033.

Argentina Automotive EPS Market Growth

Dominant Markets & Segments in Argentina Automotive EPS Market

The passenger car segment dominates the Argentina Automotive EPS market, accounting for approximately xx% of the total market value in 2025. This dominance is attributed to the higher production volumes of passenger cars compared to commercial vehicles.

  • Key Drivers for Passenger Car Segment Dominance:
    • Higher production volumes compared to commercial vehicles.
    • Increasing demand for passenger cars with advanced features.
    • Growing urban population and changing lifestyle.

The Steering Rack/Column component type holds the largest market share within the component type segment, driven by its widespread use in various EPS systems. The Column type EPS system is expected to maintain its largest market share, based on cost-effectiveness and suitability for a large range of vehicles. The geographic distribution is mainly concentrated in the urban and metropolitan regions of Argentina, aligning with higher vehicle ownership and density. Economic policies stimulating automotive manufacturing and improving infrastructure contribute significantly to the market growth.

Argentina Automotive EPS Market Product Developments

Recent product developments in the Argentina Automotive EPS market focus on incorporating advanced technologies such as electric-hydraulic power steering systems and integrated sensors for improved safety and fuel efficiency. These advancements cater to growing customer demand for improved driving dynamics, comfort and ADAS features. This leads to increased safety and improved integration with other vehicle systems. Competitive advantages are achieved through innovation, cost optimization, and strategic partnerships.

Report Scope & Segmentation Analysis

The report comprehensively segments the Argentina Automotive EPS market across various parameters:

By Type: Column Type, Pinion Type, Dual Pinion Type. The Column type is currently the dominant segment, but Dual Pinion type is expected to see significant growth, driven by demand for enhanced steering feel and precision in higher-end vehicles.

By Component Type: Steering Rack/Column, Sensor, Steering Motor, Other Components. The Steering Rack/Column segment holds the largest share due to its integral role in the EPS system.

By Vehicle Type: Passenger Cars, Commercial Vehicles. The Passenger car segment is currently the most significant, driven by higher production volumes. Growth projections vary for each segment, reflecting differing market dynamics and technological adoption rates. Competitive dynamics within each segment are analyzed, including the presence of major players and their strategies.

Key Drivers of Argentina Automotive EPS Market Growth

The Argentina Automotive EPS market's growth is propelled by several factors. Firstly, the rising production of passenger and commercial vehicles is fueling demand. Secondly, government initiatives promoting the adoption of fuel-efficient vehicles are boosting EPS adoption. Finally, the increasing integration of advanced driver-assistance systems (ADAS) in vehicles further drives the market's expansion.

Challenges in the Argentina Automotive EPS Market Sector

Challenges facing the Argentina Automotive EPS market include the volatile economic conditions that may influence vehicle production and consumer spending. Fluctuations in raw material prices and potential supply chain disruptions also pose significant risks. Furthermore, intense competition among established players and the emergence of new competitors necessitates a continuous focus on innovation and cost optimization to maintain market share.

Emerging Opportunities in Argentina Automotive EPS Market

Emerging opportunities lie in the increasing adoption of electric vehicles (EVs) which require EPS systems. The integration of advanced driver-assistance systems (ADAS) also presents a promising avenue for growth. Furthermore, the focus on developing cost-effective and fuel-efficient solutions creates opportunities for innovative EPS technologies to emerge.

Leading Players in the Argentina Automotive EPS Market Market

  • JTEKT Corporation (https://www.jtekt.co.jp/en/)
  • Denso Corporation (https://www.denso.com/global/en/)
  • ZF Friedrichshafen AG (https://www.zf.com/)
  • NSK Ltd (https://www.nsk.com/en/)
  • GKN PLC (https://www.gkn.com/)
  • Mitsubishi Electric Corporation (https://www.MitsubishiElectric.com/)
  • Nexteer Automotive (https://www.nexteer.com/)
  • Robert Bosch GmbH (https://www.bosch.com/)
  • Hubei Henglong Auto System Group
  • Thyssenkrupp Presta AG

Key Developments in Argentina Automotive EPS Market Industry

  • 2022 Q4: Launch of a new generation of EPS systems by Robert Bosch GmbH featuring improved energy efficiency.
  • 2023 Q1: ZF Friedrichshafen AG announced a strategic partnership with a local Argentinian automotive component manufacturer to expand its market presence.
  • 2023 Q2: Significant investments were made by JTEKT Corporation to increase its production capacity in Argentina. (Further specifics require additional market data)

Strategic Outlook for Argentina Automotive EPS Market Market

The Argentina Automotive EPS market is poised for significant growth, driven by the rising vehicle production, increasing adoption of advanced technologies, and supportive government policies. The market's future potential is substantial, offering attractive opportunities for both established players and new entrants. Strategic focus on innovation, technological advancements, and cost-effective solutions will be crucial for success in this competitive landscape.

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.

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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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