Report cover image

Global Commercial Vehicle Steering System Market 2025-2029

Publisher TechNavio
Published Jun 28, 2025
Length 240 Pages
SKU # INF20160157

Description

Commercial Vehicle Steering System Market 2025-2029

The commercial vehicle steering system market is forecasted to grow by USD 4427.5 mn during 2024-2029, accelerating at a CAGR of 5.8% during the forecast period. The report on the commercial vehicle steering system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by electrification of automotive components for precise and accurate steering control, growing use of driver-assisted steering technologies in cvs, and growing preference for cvs for freight transportation.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's commercial vehicle steering system market is segmented as below:

By Application
  • Light commercial vehicle
  • Medium and heavy commercial vehicle
By Type
  • Electronic power steering
  • Electro-hydraulic power steering
  • Hydraulic power steering
By Propulsion
  • Diesel vehicle
  • Gasoline vehicle
  • Electric vehicle
  • Hybrid vehicle
By End-user
  • OEM
  • Aftermarket
By Geographical Landscape
  • North America
  • APAC
  • Europe
  • South America
  • Middle East and Africa
This study identifies the continuous advances in automotive steering technology as one of the prime reasons driving the commercial vehicle steering system market growth during the next few years. Also, steer-by-wire technology gaining adoption in cvs and development of independent wheel steering systems will lead to sizable demand in the market.

The report on the commercial vehicle steering system market covers the following areas:
  • Commercial Vehicle Steering System Market sizing
  • Commercial Vehicle Steering System Market forecast
  • Commercial Vehicle Steering System Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading commercial vehicle steering system market vendors that include ATS Automation Tooling Systems Inc., China Automotive Systems Inc., Global Steering Systems LLC, Hitachi Ltd., HL Mando Co. Ltd., JTEKT Corp., Knorr Bremse AG, Mahindra and Mahindra Ltd., Mitsubishi Electric Corp., Nexteer Automotive Corp., NSK Ltd., OGNIBENE POWER SPA, Pailton Engineering Ltd., R. H. Sheppard Co. Inc., Robert Bosch GmbH, ST System Truck Spa, thyssenkrupp AG, Unique Metal Products Inc., and ZF Friedrichshafen AG. Also, the commercial vehicle steering system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

240 Pages
    • Market overview
    • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
    • Criticality of inputs and Factors of differentiation
    • Factors of disruption
    • Impact of drivers and challenges
    • Market ecosystem
    • Market characteristics
    • Value chain analysis
    • Market definition
    • Market segment analysis
    • Market size 2024
    • Market outlook: Forecast for 2024-2029
    • Global Commercial Vehicle Steering System Market 2019 - 2023
    • Application segment analysis 2019 - 2023
    • Type segment analysis 2019 - 2023
    • Propulsion segment analysis 2019 - 2023
    • End-user segment analysis 2019 - 2023
    • Geography segment analysis 2019 - 2023
    • Country segment analysis 2019 - 2023
    • The AI impact on the global commercial vehicle steering system market
    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition
    • Market segments
    • Comparison by Application
    • Light commercial vehicle - Market size and forecast 2024-2029
    • Medium and heavy commercial vehicle - Market size and forecast 2024-2029
    • Market opportunity by Application
    • Market segments
    • Comparison by Type
    • Electronic power steering - Market size and forecast 2024-2029
    • Electro-hydraulic power steering - Market size and forecast 2024-2029
    • Hydraulic power steering - Market size and forecast 2024-2029
    • Market opportunity by Type
    • Market segments
    • Comparison by Propulsion
    • Diesel vehicle - Market size and forecast 2024-2029
    • Gasoline vehicle - Market size and forecast 2024-2029
    • Electric vehicle - Market size and forecast 2024-2029
    • Hybrid vehicle - Market size and forecast 2024-2029
    • Market opportunity by Propulsion
    • Market segments
    • Comparison by End-user
    • OEM - Market size and forecast 2024-2029
    • Aftermarket - Market size and forecast 2024-2029
    • Market opportunity by End-user
    • Customer landscape overview
    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2024-2029
    • APAC - Market size and forecast 2024-2029
    • Europe - Market size and forecast 2024-2029
    • South America - Market size and forecast 2024-2029
    • Middle East and Africa - Market size and forecast 2024-2029
    • US - Market size and forecast 2024-2029
    • Japan - Market size and forecast 2024-2029
    • Canada - Market size and forecast 2024-2029
    • China - Market size and forecast 2024-2029
    • India - Market size and forecast 2024-2029
    • South Korea - Market size and forecast 2024-2029
    • Mexico - Market size and forecast 2024-2029
    • Germany - Market size and forecast 2024-2029
    • UK - Market size and forecast 2024-2029
    • Australia - Market size and forecast 2024-2029
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Impact of drivers and challenges
    • Market opportunities/restraints
    • Overview
    • Competitive Landscape
    • Landscape disruption
    • Industry risks
    • Companies profiled
    • Company ranking index
    • Market positioning of companies
    • ATS Automation Tooling Systems Inc.
    • China Automotive Systems Inc.
    • Global Steering Systems LLC
    • Hitachi Ltd.
    • HL Mando Co. Ltd.
    • JTEKT Corp.
    • Knorr Bremse AG
    • Mahindra and Mahindra Ltd.
    • Mitsubishi Electric Corp.
    • Nexteer Automotive Corp.
    • R. H. Sheppard Co. Inc.
    • Robert Bosch GmbH
    • ST System Truck Spa
    • thyssenkrupp AG
    • ZF Friedrichshafen AG
    • Scope of the report
    • Inclusions and exclusions checklist
    • Currency conversion rates for US$
    • Research methodology
    • Data procurement
    • Data validation
    • Validation techniques employed for market sizing
    • Data synthesis
    • 360 degree market analysis
    • List of abbreviations

Search Inside Report

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us