Decoding Mexico Automotive EPS Industry’s Market Size Potential by 2033

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

Jun 8 2025
Base Year: 2024
197 Pages
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Decoding Mexico Automotive EPS Industry’s Market Size Potential by 2033

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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 standards, and the rising demand for advanced driver-assistance systems (ADAS). The market, valued at approximately $XXX million in 2025 (estimated based on provided CAGR and market size data), is projected to maintain a Compound Annual Growth Rate (CAGR) of 5.80% from 2025 to 2033. This growth is fueled by several key factors. The OEM segment dominates the market, reflecting the integration of EPS in new vehicle production. Within application types, passenger cars currently represent a larger share than commercial vehicles; however, the commercial vehicle segment is expected to witness faster growth due to increasing demand for enhanced safety and fuel efficiency in heavy-duty vehicles. The market is segmented by EPS type, with Rack Assist EPS (REPS) currently holding the largest share, followed by Column Assist EPS (CEPS) and Pinion Assist EPS (PEPS). The ongoing technological advancements in EPS, such as the integration of advanced features and improved energy efficiency, are further contributing to market expansion. Key players like JTEKT, Hyundai Mobis, and others are actively investing in research and development to enhance their product offerings and maintain a competitive edge.

Despite the positive outlook, the market faces certain challenges. The high initial investment costs associated with EPS technology can be a barrier for smaller manufacturers. Fluctuations in raw material prices and supply chain disruptions also pose potential risks to market growth. Nevertheless, the long-term prospects for the Mexico automotive EPS market remain promising, driven by the continued growth of the automotive industry in Mexico and increasing adoption of advanced driver-assistance systems. The increasing focus on fuel efficiency and emission regulations will also push the adoption of EPS technologies. The market's expansion is expected to create opportunities for both established players and new entrants, particularly those focusing on innovative and cost-effective solutions.

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

Mexico Automotive EPS Industry: 2019-2033 Market Report

This comprehensive report provides an in-depth analysis of the Mexico Automotive Electronic Power Steering (EPS) industry, offering valuable insights for industry professionals, investors, and strategic planners. Covering the period from 2019 to 2033, with a focus on 2025, this report unveils the market's structure, dynamics, and future trajectory. The study encompasses detailed segmentation by demand category (OEM, Replacement), application type (Passenger Car, Commercial Vehicle), and EPS type (Rack assist, Column assist, Pinion assist), offering a granular understanding of this rapidly evolving sector. Expect robust data, insightful analysis, and actionable strategies to navigate the complexities of the Mexican Automotive EPS market.

Mexico Automotive EPS Industry Market Structure & Innovation Trends

This section analyzes the competitive landscape of the Mexican Automotive EPS market, examining market concentration, key innovation drivers, regulatory influences, and the impact of mergers and acquisitions (M&A) activities. The report delves into the market share held by major 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, among others. While precise market share figures are proprietary to the full report, the analysis identifies key trends in consolidation and strategic partnerships influencing market structure. The report also explores the value of significant M&A deals within the industry during the study period (2019-2024), providing context for current market dynamics. Innovation is examined through the lens of technological advancements, government regulations promoting sustainable mobility, and the emergence of substitute technologies. The analysis also encompasses an assessment of end-user demographics and their evolving preferences.

Mexico Automotive EPS Industry Growth

Mexico Automotive EPS Industry Market Dynamics & Trends

This section provides a detailed overview of the Mexico Automotive EPS market's growth trajectory, including Compound Annual Growth Rate (CAGR) projections for the forecast period (2025-2033). It explores key growth drivers such as rising vehicle production, increasing demand for advanced driver-assistance systems (ADAS), and the growing adoption of electric vehicles (EVs). The analysis also identifies technological disruptions, such as the development of more efficient and cost-effective EPS systems, and their impact on market penetration. Furthermore, this section assesses the influence of consumer preferences—including a growing focus on fuel efficiency and safety features—and the resulting competitive dynamics among major players. The report provides a nuanced view of market shifts, emphasizing the interplay between technological advancement, evolving consumer demand, and the strategic responses of industry players. Specific market size values in Millions are included in the full report for each segment and year.

Mexico Automotive EPS Industry Growth

Dominant Regions & Segments in Mexico Automotive EPS Industry

The report pinpoints the dominant regions and segments within the Mexican Automotive EPS market. The analysis considers factors such as economic policies supporting automotive manufacturing, infrastructure development impacting logistics, and regional variations in vehicle production and demand. Key drivers are presented using bullet points:

  • Economic Policies: Government incentives promoting domestic automotive production and investment in the automotive sector.
  • Infrastructure Development: Investments in roads, ports, and logistics networks supporting efficient supply chains.
  • Regional Demand: Variations in passenger car and commercial vehicle sales across different regions of Mexico.

The report offers a comprehensive analysis of the market's leading segments:

  • Demand Category: OEM vs. Replacement market dynamics and size projections.
  • Application Type: Passenger Car vs. Commercial Vehicle market size and growth forecasts.
  • EPS Type: Market share and growth potential for Rack assist type (REPS), Column assist type (CEPS), and Pinion assist type (PEPS) systems.

This comprehensive breakdown provides valuable insights into the varying growth trajectories and competitive landscapes of each segment.

Mexico Automotive EPS Industry Product Innovations

This section summarizes recent product developments, focusing on technological advancements impacting the competitive advantages of different EPS systems. Emphasis is placed on trends such as the integration of advanced functionalities, improved efficiency, and cost reduction strategies. The market fit of these innovations and their ability to cater to evolving consumer demands are analyzed. New technologies, such as advancements in electric motor design and control systems, are discussed for their role in shaping market competitiveness.

Report Scope & Segmentation Analysis

This report segments the Mexico Automotive EPS market based on demand category (OEM, Replacement), application type (Passenger Car, Commercial Vehicle), and EPS type (REPS, CEPS, PEPS). Each segment's growth projections, market size (in Millions), and competitive dynamics are analyzed in detail. The report also provides an overview of the historical period (2019-2024), base year (2025), and forecast period (2025-2033), outlining the evolution of the market and providing future projections.

Key Drivers of Mexico Automotive EPS Industry Growth

The growth of the Mexican Automotive EPS industry is driven by several factors: increasing vehicle production, government initiatives promoting automotive manufacturing, and growing demand for advanced safety features. Technological advancements in EPS systems, such as improved efficiency and reduced costs, are also key drivers. Furthermore, the rising adoption of electric and hybrid vehicles boosts demand for advanced EPS technologies.

Challenges in the Mexico Automotive EPS Industry Sector

The Mexican Automotive EPS industry faces challenges, including supply chain disruptions and fluctuations in raw material prices. The competitive landscape is intense, with both domestic and international players vying for market share. Regulatory changes and their impact on production costs and compliance also pose significant challenges. The report quantifies the impact of these factors on market growth and provides insights into mitigation strategies.

Emerging Opportunities in Mexico Automotive EPS Industry

The Mexican Automotive EPS market presents several exciting opportunities. The rising adoption of advanced driver-assistance systems (ADAS) creates demand for sophisticated EPS technologies. The growing focus on electric vehicles and sustainable mobility presents opportunities for manufacturers of energy-efficient EPS systems. Expansion into new vehicle segments and the exploration of new markets within Mexico represent further opportunities for growth.

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
  • *List Not Exhaustive

Key Developments in Mexico Automotive EPS Industry

  • June 2022: Flex expands its automotive manufacturing hub in Jalisco, Mexico, focusing on next-generation mobility solutions.
  • February 2022: Bosch Mexico invests USD 146 Million to expand its Querétaro factory's EPS component production capacity, including a new warehouse and high-tech production lines.

Future Outlook for Mexico Automotive EPS Industry Market

The future of the Mexican Automotive EPS market appears bright. Continued growth in vehicle production, increasing demand for advanced safety features, and the rising adoption of electric vehicles will drive market expansion. Strategic partnerships, technological innovations, and government support will further fuel growth in the coming years. The market is poised for significant expansion, with substantial opportunities for established players and new entrants alike.

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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