Market Share of Mexico Automotive EPS Industry
The Mexico Automotive Power Steering Market is consolidated with existing market players such as JTEKT Corporation, ZF Friedrichshafen AG, NSK Ltd, Mitsubishi Electric Corporation, and Nexteer Automotive which hold the most significant shares. To have an edge over its competitors' companies are making joint ventures, partnerships, and launching new products with advanced technology. Key automakers are expanding their business units in Mexico to witness elevated sales figures. For instance,
- In July 2021, JTEKT Automotive Mexico announced the planned expansion of its plant in San Luis Potosí with a net investment worth USD 47 million. Through this investment, the company shall now produce electronic steering systems (EPS), intermediate hydraulic steering shafts, and bearings for OEM customers in Mexico.
- In September 2020, Schaeffler Group announced a development partnership with Robert Bosch Automotive Steering GmbH, a subsidiary of Robert Bosch GmbH, to expand its intelligent rear wheel steering (iRWS) portfolio. Under this partnership, Schaeffler will provide mechatronic iRWS systems, and Robert Bosch Automotive Steering will contribute software and electronics for the development of advanced steering.
Mexico Automotive EPS Market Leaders
ATS Automation Tooling Systems Inc.
Delphi Automotive Systems
GKN PLC
Hitachi Automotive Systems
Hyundai Mobis Co. Ltd
*Disclaimer: Major Players sorted in no particular order
