Results for tag: "Light Commercial Vehicle Power Steering"

The Light Commercial Vehicle (LCV) Power Steering market is a subsector of the commercial vehicles industry that focuses on the steering systems of lighter-duty trucks, vans, and utility vehicles used primarily for transportation of goods, equipment, and personnel. These vehicles, while smaller than heavy-duty trucks, require reliable and efficient steering systems to ensure ease of maneuverability, especially in urban settings or during long-distance travel. The market includes various types of power steering systems, such as hydraulic power steering (HPS), electric power hydraulic steering (EPHS), and fully electric power steering (EPS). The choice of power steering system is influenced by factors like vehicle size, intended use, and cost-effectiveness. Companies in the market have been investing in research and development to enhance the durability and performance of power steering systems, while also aiming to reduce energy consumption and emissions. Advanced driver assistance systems (ADAS) and the trend toward vehicle electrification have further influenced market dynamics by integrating more sophisticated and energy-efficient power steering technologies. Several notable companies operating within the LCV Power Steering market include Robert Bosch GmbH, Nexteer Automotive, ZF Friedrichshafen AG, JTEKT Corporation, and ThyssenKrupp AG. These companies offer a range of power steering systems and components and are involved in the innovation and supply of advanced steering solutions for the light commercial vehicle segment. Show Less Read more