Brazil Automotive Steering Systems Market Trends, Industry Analysis, Growth and Forecast – 2028

Brazil automotive steering systems market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The rise in the production of automobiles is anticipated to drive the growth of the Brazil automotive steering systems market. For instance, the 2021 annual figures, released by ANFAVEA resulted in a 2.5% production rise in December from November, to 210,900 units. When compared with December 2020, monthly production increased by 0.8%. Also, auto sales in December 2021 reached 207,100 units, up from 19.7% in the previous month. In addition, ANFAVEA stated that Brazil had exported 376,000 vehicles in 2021, up from 324,000 in 2020. Further, exports are projected to rise to 3.6% in 2022, reaching 390,000 units. Sales of autos in Brazil are expected to grow 8.5% in 2022 to 2.3 million units, after posting a 3.0% annual rise to 2.12 million units in 2021. Thus, the rise in automotive production and sales is anticipated to fuel the demand for the Brazil automotive steering systems market.

Brazil Automotive Steering Systems Market Segmentation:

By Type

• windshield
• Back window
• side Window
• Sunroof

By Application

• Sedan
• SUV
• MPV
• Pickup trucks

Competitive Landscape-  Mitsubishi Electric Corp., JTEKT Corp., Hyundai Mobis, Co., Ltd among others

Geographic Coverage

o North America Market Size and/or Volume

o Latin America Market Size and/or Volume

o Europe Market Size and/or Volume

o Asia-Pacific Market Size and/or Volume

o Rest of the world Market Size and/or Volume

Key questions answered in this report:

• What is the size of the Brazil Automotive Steering Systems market and what is its expected growth rate?
• What are the primary driving factors that push the Brazil Automotive Steering Systems Market forward?
• What are the Brazil Automotive Steering Systems Industry’s top companies?
• What are the different categories that the Brazil Automotive Steering Systems Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Brazil Automotive Steering Systems Market sample report and company profiles?