Commercial Vehicle Steering System Market 2025-2029

The commercial vehicle steering system market is forecasted to grow by USD 4.42 billion 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.

The 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

A robust vendor analysis within the report 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 report 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.

1 Executive Summary

1.1 Market overview

Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Propulsion
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning

2 Market Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

2.2 Criticality of inputs and Factors of differentiation

Overview on criticality of inputs and factors of differentiation

2.3 Factors of disruption

Overview on factors of disruption

2.4 Impact of drivers and challenges

Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem

Parent Market
Data Table on - Parent Market

3.2 Market characteristics

Market characteristics analysis

3.3 Value chain analysis

Value chain analysis

4 Market Sizing

4.1 Market definition

Offerings of companies included in the market definition

4.2 Market segment analysis

Market segments

4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029

Chart on Global - Market size and forecast 2024-2029 ($ million)
Data Table on Global - Market size and forecast 2024-2029 ($ million)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Global Commercial Vehicle Steering System Market 2019 - 2023

Historic Market Size - Data Table on Global Commercial Vehicle Steering System Market 2019 - 2023 ($ million)

5.2 Application segment analysis 2019 - 2023

Historic Market Size - Application Segment 2019 - 2023 ($ million)

5.3 Type segment analysis 2019 - 2023

Historic Market Size - Type Segment 2019 - 2023 ($ million)

5.4 Propulsion segment analysis 2019 - 2023

Historic Market Size - Propulsion Segment 2019 - 2023 ($ million)

5.5 End-user segment analysis 2019 - 2023

Historic Market Size - End-user Segment 2019 - 2023 ($ million)

5.6 Geography segment analysis 2019 - 2023

Historic Market Size - Geography Segment 2019 - 2023 ($ million)

5.7 Country segment analysis 2019 - 2023

Historic Market Size - Country Segment 2019 - 2023 ($ million)

6 Qualitative Analysis

6.1 The AI impact on the global commercial vehicle steering system market

7 Five Forces Analysis

7.1 Five forces summary

Five forces analysis - Comparison between 2024 and 2029

7.2 Bargaining power of buyers

Bargaining power of buyers - Impact of key factors 2024 and 2029

7.3 Bargaining power of suppliers

Bargaining power of suppliers - Impact of key factors in 2024 and 2029

7.4 Threat of new entrants

Threat of new entrants - Impact of key factors in 2024 and 2029

7.5 Threat of substitutes

Threat of substitutes - Impact of key factors in 2024 and 2029

7.6 Threat of rivalry

Threat of rivalry - Impact of key factors in 2024 and 2029

7.7 Market condition

Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Application

8.1 Market segments

Chart on Application - Market share 2024-2029 (%)
Data Table on Application - Market share 2024-2029 (%)

8.2 Comparison by Application

Chart on Comparison by Application
Data Table on Comparison by Application

8.3 Light commercial vehicle - Market size and forecast 2024-2029

Chart on Light commercial vehicle - Market size and forecast 2024-2029 ($ million)
Data Table on Light commercial vehicle - Market size and forecast 2024-2029 ($ million)
Chart on Light commercial vehicle - Year-over-year growth 2024-2029 (%)
Data Table on Light commercial vehicle - Year-over-year growth 2024-2029 (%)

8.4 Medium and heavy commercial vehicle - Market size and forecast 2024-2029

Chart on Medium and heavy commercial vehicle - Market size and forecast 2024-2029 ($ million)
Data Table on Medium and heavy commercial vehicle - Market size and forecast 2024-2029 ($ million)
Chart on Medium and heavy commercial vehicle - Year-over-year growth 2024-2029 (%)
Data Table on Medium and heavy commercial vehicle - Year-over-year growth 2024-2029 (%)

8.5 Market opportunity by Application

Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)

9 Market Segmentation by Type

9.1 Market segments

Chart on Type - Market share 2024-2029 (%)
Data Table on Type - Market share 2024-2029 (%)

9.2 Comparison by Type

Chart on Comparison by Type
Data Table on Comparison by Type

9.3 Electronic power steering - Market size and forecast 2024-2029

Chart on Electronic power steering - Market size and forecast 2024-2029 ($ million)
Data Table on Electronic power steering - Market size and forecast 2024-2029 ($ million)
Chart on Electronic power steering - Year-over-year growth 2024-2029 (%)
Data Table on Electronic power steering - Year-over-year growth 2024-2029 (%)

9.4 Electro-hydraulic power steering - Market size and forecast 2024-2029

Chart on Electro-hydraulic power steering - Market size and forecast 2024-2029 ($ million)
Data Table on Electro-hydraulic power steering - Market size and forecast 2024-2029 ($ million)
Chart on Electro-hydraulic power steering - Year-over-year growth 2024-2029 (%)
Data Table on Electro-hydraulic power steering - Year-over-year growth 2024-2029 (%)

9.5 Hydraulic power steering - Market size and forecast 2024-2029

Chart on Hydraulic power steering - Market size and forecast 2024-2029 ($ million)
Data Table on Hydraulic power steering - Market size and forecast 2024-2029 ($ million)
Chart on Hydraulic power steering - Year-over-year growth 2024-2029 (%)
Data Table on Hydraulic power steering - Year-over-year growth 2024-2029 (%)

9.6 Market opportunity by Type

Market opportunity by Type ($ million)
Data Table on Market opportunity by Type ($ million)

10 Market Segmentation by Propulsion

10.1 Market segments

Chart on Propulsion - Market share 2024-2029 (%)
Data Table on Propulsion - Market share 2024-2029 (%)

10.2 Comparison by Propulsion

Chart on Comparison by Propulsion
Data Table on Comparison by Propulsion

10.3 Diesel vehicle - Market size and forecast 2024-2029

Chart on Diesel vehicle - Market size and forecast 2024-2029 ($ million)
Data Table on Diesel vehicle - Market size and forecast 2024-2029 ($ million)
Chart on Diesel vehicle - Year-over-year growth 2024-2029 (%)
Data Table on Diesel vehicle - Year-over-year growth 2024-2029 (%)

10.4 Gasoline vehicle - Market size and forecast 2024-2029

Chart on Gasoline vehicle - Market size and forecast 2024-2029 ($ million)
Data Table on Gasoline vehicle - Market size and forecast 2024-2029 ($ million)
Chart on Gasoline vehicle - Year-over-year growth 2024-2029 (%)
Data Table on Gasoline vehicle - Year-over-year growth 2024-2029 (%)

10.5 Electric vehicle - Market size and forecast 2024-2029

Chart on Electric vehicle - Market size and forecast 2024-2029 ($ million)
Data Table on Electric vehicle - Market size and forecast 2024-2029 ($ million)
Chart on Electric vehicle - Year-over-year growth 2024-2029 (%)
Data Table on Electric vehicle - Year-over-year growth 2024-2029 (%)

10.6 Hybrid vehicle - Market size and forecast 2024-2029

Chart on Hybrid vehicle - Market size and forecast 2024-2029 ($ million)
Data Table on Hybrid vehicle - Market size and forecast 2024-2029 ($ million)
Chart on Hybrid vehicle - Year-over-year growth 2024-2029 (%)
Data Table on Hybrid vehicle - Year-over-year growth 2024-2029 (%)

10.7 Market opportunity by Propulsion

Market opportunity by Propulsion ($ million)
Data Table on Market opportunity by Propulsion ($ million)

11 Market Segmentation by End-user

11.1 Market segments

Chart on End-user - Market share 2024-2029 (%)
Data Table on End-user - Market share 2024-2029 (%)

11.2 Comparison by End-user

Chart on Comparison by End-user
Data Table on Comparison by End-user

11.3 OEM - Market size and forecast 2024-2029

Chart on OEM - Market size and forecast 2024-2029 ($ million)
Data Table on OEM - Market size and forecast 2024-2029 ($ million)
Chart on OEM - Year-over-year growth 2024-2029 (%)
Data Table on OEM - Year-over-year growth 2024-2029 (%)

11.4 Aftermarket - Market size and forecast 2024-2029

Chart on Aftermarket - Market size and forecast 2024-2029 ($ million)
Data Table on Aftermarket - Market size and forecast 2024-2029 ($ million)
Chart on Aftermarket - Year-over-year growth 2024-2029 (%)
Data Table on Aftermarket - Year-over-year growth 2024-2029 (%)

11.5 Market opportunity by End-user

Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)

12 Customer Landscape

12.1 Customer landscape overview

Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

13 Geographic Landscape

13.1 Geographic segmentation

Chart on Market share By Geographical Landscape 2024-2029 (%)
Data Table on Market share By Geographical Landscape 2024-2029 (%)

13.2 Geographic comparison

Chart on Geographic comparison
Data Table on Geographic comparison

13.3 North America - Market size and forecast 2024-2029

Chart on North America - Market size and forecast 2024-2029 ($ million)
Data Table on North America - Market size and forecast 2024-2029 ($ million)
Chart on North America - Year-over-year growth 2024-2029 (%)
Data Table on North America - Year-over-year growth 2024-2029 (%)

13.4 APAC - Market size and forecast 2024-2029

Chart on APAC - Market size and forecast 2024-2029 ($ million)
Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Chart on APAC - Year-over-year growth 2024-2029 (%)
Data Table on APAC - Year-over-year growth 2024-2029 (%)

13.5 Europe - Market size and forecast 2024-2029

Chart on Europe - Market size and forecast 2024-2029 ($ million)
Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Chart on Europe - Year-over-year growth 2024-2029 (%)
Data Table on Europe - Year-over-year growth 2024-2029 (%)

13.6 South America - Market size and forecast 2024-2029

Chart on South America - Market size and forecast 2024-2029 ($ million)
Data Table on South America - Market size and forecast 2024-2029 ($ million)
Chart on South America - Year-over-year growth 2024-2029 (%)
Data Table on South America - Year-over-year growth 2024-2029 (%)

13.7 Middle East and Africa - Market size and forecast 2024-2029

Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)

13.8 US - Market size and forecast 2024-2029

Chart on US - Market size and forecast 2024-2029 ($ million)
Data Table on US - Market size and forecast 2024-2029 ($ million)
Chart on US - Year-over-year growth 2024-2029 (%)
Data Table on US - Year-over-year growth 2024-2029 (%)

13.9 Japan - Market size and forecast 2024-2029

Chart on Japan - Market size and forecast 2024-2029 ($ million)
Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Chart on Japan - Year-over-year growth 2024-2029 (%)
Data Table on Japan - Year-over-year growth 2024-2029 (%)

13.10 Canada - Market size and forecast 2024-2029

Chart on Canada - Market size and forecast 2024-2029 ($ million)
Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Chart on Canada - Year-over-year growth 2024-2029 (%)
Data Table on Canada - Year-over-year growth 2024-2029 (%)

13.11 China - Market size and forecast 2024-2029

Chart on China - Market size and forecast 2024-2029 ($ million)
Data Table on China - Market size and forecast 2024-2029 ($ million)
Chart on China - Year-over-year growth 2024-2029 (%)
Data Table on China - Year-over-year growth 2024-2029 (%)

13.12 India - Market size and forecast 2024-2029

Chart on India - Market size and forecast 2024-2029 ($ million)
Data Table on India - Market size and forecast 2024-2029 ($ million)
Chart on India - Year-over-year growth 2024-2029 (%)
Data Table on India - Year-over-year growth 2024-2029 (%)

13.13 South Korea - Market size and forecast 2024-2029

Chart on South Korea - Market size and forecast 2024-2029 ($ million)
Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
Chart on South Korea - Year-over-year growth 2024-2029 (%)
Data Table on South Korea - Year-over-year growth 2024-2029 (%)

13.14 Mexico - Market size and forecast 2024-2029

Chart on Mexico - Market size and forecast 2024-2029 ($ million)
Data Table on Mexico - Market size and forecast 2024-2029 ($ million)
Chart on Mexico - Year-over-year growth 2024-2029 (%)
Data Table on Mexico - Year-over-year growth 2024-2029 (%)

13.15 Germany - Market size and forecast 2024-2029

Chart on Germany - Market size and forecast 2024-2029 ($ million)
Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Chart on Germany - Year-over-year growth 2024-2029 (%)
Data Table on Germany - Year-over-year growth 2024-2029 (%)

13.16 UK - Market size and forecast 2024-2029

Chart on UK - Market size and forecast 2024-2029 ($ million)
Data Table on UK - Market size and forecast 2024-2029 ($ million)
Chart on UK - Year-over-year growth 2024-2029 (%)
Data Table on UK - Year-over-year growth 2024-2029 (%)

13.17 Australia - Market size and forecast 2024-2029

Chart on Australia - Market size and forecast 2024-2029 ($ million)
Data Table on Australia - Market size and forecast 2024-2029 ($ million)
Chart on Australia - Year-over-year growth 2024-2029 (%)
Data Table on Australia - Year-over-year growth 2024-2029 (%)

13.18 Market opportunity By Geographical Landscape

Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)

14 Drivers, Challenges, and Opportunity/Restraints

14.1 Market drivers
14.2 Market challenges
14.3 Impact of drivers and challenges

Impact of drivers and challenges in 2024 and 2029

14.4 Market opportunities/restraints

15 Competitive Landscape

15.1 Overview
15.2 Competitive Landscape

Overview on criticality of inputs and factors of differentiation

15.3 Landscape disruption

Overview on factors of disruption

15.4 Industry risks

Impact of key risks on business

16 Competitive Analysis

16.1 Companies profiled

Companies covered

16.2 Company ranking index

Company ranking index

16.3 Market positioning of companies

Matrix on companies position and classification

16.4 ATS Automation Tooling Systems Inc.

ATS Automation Tooling Systems Inc. - Overview
ATS Automation Tooling Systems Inc. - Product / Service
ATS Automation Tooling Systems Inc. - Key news
ATS Automation Tooling Systems Inc. - Key offerings
SWOT

16.5 China Automotive Systems Inc.

China Automotive Systems Inc. - Overview
China Automotive Systems Inc. - Business segments
China Automotive Systems Inc. - Key offerings
China Automotive Systems Inc. - Segment focus
SWOT

16.6 Global Steering Systems LLC

Global Steering Systems LLC - Overview
Global Steering Systems LLC - Product / Service
Global Steering Systems LLC - Key offerings
SWOT

16.7 Hitachi Ltd.

Hitachi Ltd. - Overview
Hitachi Ltd. - Business segments
Hitachi Ltd. - Key news
Hitachi Ltd. - Key offerings
Hitachi Ltd. - Segment focus
SWOT

16.8 HL Mando Co. Ltd.

HL Mando Co. Ltd. - Overview
HL Mando Co. Ltd. - Product / Service
HL Mando Co. Ltd. - Key news
HL Mando Co. Ltd. - Key offerings
SWOT

16.9 JTEKT Corp.

JTEKT Corp. - Overview
JTEKT Corp. - Business segments
JTEKT Corp. - Key news
JTEKT Corp. - Key offerings
JTEKT Corp. - Segment focus
SWOT

16.10 Knorr Bremse AG

Knorr Bremse AG - Overview
Knorr Bremse AG - Business segments
Knorr Bremse AG - Key news
Knorr Bremse AG - Key offerings
Knorr Bremse AG - Segment focus
SWOT

16.11 Mahindra and Mahindra Ltd.

Mahindra and Mahindra Ltd. - Overview
Mahindra and Mahindra Ltd. - Business segments
Mahindra and Mahindra Ltd. - Key news
Mahindra and Mahindra Ltd. - Key offerings
Mahindra and Mahindra Ltd. - Segment focus
SWOT

16.12 Mitsubishi Electric Corp.

Mitsubishi Electric Corp. - Overview
Mitsubishi Electric Corp. - Business segments
Mitsubishi Electric Corp. - Key offerings
Mitsubishi Electric Corp. - Segment focus
SWOT

16.13 Nexteer Automotive Corp.

Nexteer Automotive Corp. - Overview
Nexteer Automotive Corp. - Business segments
Nexteer Automotive Corp. - Key offerings
Nexteer Automotive Corp. - Segment focus
SWOT

16.14 R. H. Sheppard Co. Inc.

R. H. Sheppard Co. Inc. - Overview
R. H. Sheppard Co. Inc. - Product / Service
R. H. Sheppard Co. Inc. - Key offerings
SWOT

16.15 Robert Bosch GmbH

Robert Bosch GmbH - Overview
Robert Bosch GmbH - Product / Service
Robert Bosch GmbH - Key news
Robert Bosch GmbH - Key offerings
SWOT

16.16 ST System Truck Spa

ST System Truck Spa - Overview
ST System Truck Spa - Product / Service
ST System Truck Spa - Key offerings
SWOT

16.17 thyssenkrupp AG

thyssenkrupp AG - Overview
thyssenkrupp AG - Business segments
thyssenkrupp AG - Key news
thyssenkrupp AG - Key offerings
thyssenkrupp AG - Segment focus
SWOT

16.18 ZF Friedrichshafen AG

ZF Friedrichshafen AG - Overview
ZF Friedrichshafen AG - Business segments
ZF Friedrichshafen AG - Key news
ZF Friedrichshafen AG - Key offerings
ZF Friedrichshafen AG - Segment focus
SWOT

17 Appendix

17.1 Scope of the report
17.2 Inclusions and exclusions checklist

Inclusions checklist
Exclusions checklist

17.3 Currency conversion rates for US$

Currency conversion rates for US$

17.4 Research methodology

Research methodology

17.5 Data procurement

Information sources

17.6 Data validation

Data validation

17.7 Validation techniques employed for market sizing

Validation techniques employed for market sizing

17.8 Data synthesis

Data synthesis

17.9 360 degree market analysis

360 degree market analysis

17.10 List of abbreviations

List of abbreviations

List of Exhibits

Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Application
Exhibits 6: Executive Summary - Chart on Market Segmentation by Type
Exhibits 7: Executive Summary - Chart on Market Segmentation by Propulsion
Exhibits 8: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 9: Executive Summary - Chart on Incremental Growth
Exhibits 10: Executive Summary - Data Table on Incremental Growth
Exhibits 11: Executive Summary - Chart on Company Market Positioning
Exhibits 12: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 13: Overview on criticality of inputs and factors of differentiation
Exhibits 14: Overview on factors of disruption
Exhibits 15: Impact of drivers and challenges in 2024 and 2029
Exhibits 16: Parent Market
Exhibits 17: Data Table on - Parent Market
Exhibits 18: Market characteristics analysis
Exhibits 19: Value chain analysis
Exhibits 20: Offerings of companies included in the market definition
Exhibits 21: Market segments
Exhibits 22: Chart on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 23: Data Table on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 24: Chart on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 25: Data Table on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 26: Historic Market Size - Data Table on Global Commercial Vehicle Steering System Market 2019 - 2023 ($ million)
Exhibits 27: Historic Market Size - Application Segment 2019 - 2023 ($ million)
Exhibits 28: Historic Market Size - Type Segment 2019 - 2023 ($ million)
Exhibits 29: Historic Market Size - Propulsion Segment 2019 - 2023 ($ million)
Exhibits 30: Historic Market Size - End-user Segment 2019 - 2023 ($ million)
Exhibits 31: Historic Market Size - Geography Segment 2019 - 2023 ($ million)
Exhibits 32: Historic Market Size - Country Segment 2019 - 2023 ($ million)
Exhibits 33: Five forces analysis - Comparison between 2024 and 2029
Exhibits 34: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 35: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 36: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 37: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 38: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 39: Chart on Market condition - Five forces 2024 and 2029
Exhibits 40: Chart on Application - Market share 2024-2029 (%)
Exhibits 41: Data Table on Application - Market share 2024-2029 (%)
Exhibits 42: Chart on Comparison by Application
Exhibits 43: Data Table on Comparison by Application
Exhibits 44: Chart on Light commercial vehicle - Market size and forecast 2024-2029 ($ million)
Exhibits 45: Data Table on Light commercial vehicle - Market size and forecast 2024-2029 ($ million)
Exhibits 46: Chart on Light commercial vehicle - Year-over-year growth 2024-2029 (%)
Exhibits 47: Data Table on Light commercial vehicle - Year-over-year growth 2024-2029 (%)
Exhibits 48: Chart on Medium and heavy commercial vehicle - Market size and forecast 2024-2029 ($ million)
Exhibits 49: Data Table on Medium and heavy commercial vehicle - Market size and forecast 2024-2029 ($ million)
Exhibits 50: Chart on Medium and heavy commercial vehicle - Year-over-year growth 2024-2029 (%)
Exhibits 51: Data Table on Medium and heavy commercial vehicle - Year-over-year growth 2024-2029 (%)
Exhibits 52: Market opportunity by Application ($ million)
Exhibits 53: Data Table on Market opportunity by Application ($ million)
Exhibits 54: Chart on Type - Market share 2024-2029 (%)
Exhibits 55: Data Table on Type - Market share 2024-2029 (%)
Exhibits 56: Chart on Comparison by Type
Exhibits 57: Data Table on Comparison by Type
Exhibits 58: Chart on Electronic power steering - Market size and forecast 2024-2029 ($ million)
Exhibits 59: Data Table on Electronic power steering - Market size and forecast 2024-2029 ($ million)
Exhibits 60: Chart on Electronic power steering - Year-over-year growth 2024-2029 (%)
Exhibits 61: Data Table on Electronic power steering - Year-over-year growth 2024-2029 (%)
Exhibits 62: Chart on Electro-hydraulic power steering - Market size and forecast 2024-2029 ($ million)
Exhibits 63: Data Table on Electro-hydraulic power steering - Market size and forecast 2024-2029 ($ million)
Exhibits 64: Chart on Electro-hydraulic power steering - Year-over-year growth 2024-2029 (%)
Exhibits 65: Data Table on Electro-hydraulic power steering - Year-over-year growth 2024-2029 (%)
Exhibits 66: Chart on Hydraulic power steering - Market size and forecast 2024-2029 ($ million)
Exhibits 67: Data Table on Hydraulic power steering - Market size and forecast 2024-2029 ($ million)
Exhibits 68: Chart on Hydraulic power steering - Year-over-year growth 2024-2029 (%)
Exhibits 69: Data Table on Hydraulic power steering - Year-over-year growth 2024-2029 (%)
Exhibits 70: Market opportunity by Type ($ million)
Exhibits 71: Data Table on Market opportunity by Type ($ million)
Exhibits 72: Chart on Propulsion - Market share 2024-2029 (%)
Exhibits 73: Data Table on Propulsion - Market share 2024-2029 (%)
Exhibits 74: Chart on Comparison by Propulsion
Exhibits 75: Data Table on Comparison by Propulsion
Exhibits 76: Chart on Diesel vehicle - Market size and forecast 2024-2029 ($ million)
Exhibits 77: Data Table on Diesel vehicle - Market size and forecast 2024-2029 ($ million)
Exhibits 78: Chart on Diesel vehicle - Year-over-year growth 2024-2029 (%)
Exhibits 79: Data Table on Diesel vehicle - Year-over-year growth 2024-2029 (%)
Exhibits 80: Chart on Gasoline vehicle - Market size and forecast 2024-2029 ($ million)
Exhibits 81: Data Table on Gasoline vehicle - Market size and forecast 2024-2029 ($ million)
Exhibits 82: Chart on Gasoline vehicle - Year-over-year growth 2024-2029 (%)
Exhibits 83: Data Table on Gasoline vehicle - Year-over-year growth 2024-2029 (%)
Exhibits 84: Chart on Electric vehicle - Market size and forecast 2024-2029 ($ million)
Exhibits 85: Data Table on Electric vehicle - Market size and forecast 2024-2029 ($ million)
Exhibits 86: Chart on Electric vehicle - Year-over-year growth 2024-2029 (%)
Exhibits 87: Data Table on Electric vehicle - Year-over-year growth 2024-2029 (%)
Exhibits 88: Chart on Hybrid vehicle - Market size and forecast 2024-2029 ($ million)
Exhibits 89: Data Table on Hybrid vehicle - Market size and forecast 2024-2029 ($ million)
Exhibits 90: Chart on Hybrid vehicle - Year-over-year growth 2024-2029 (%)
Exhibits 91: Data Table on Hybrid vehicle - Year-over-year growth 2024-2029 (%)
Exhibits 92: Market opportunity by Propulsion ($ million)
Exhibits 93: Data Table on Market opportunity by Propulsion ($ million)
Exhibits 94: Chart on End-user - Market share 2024-2029 (%)
Exhibits 95: Data Table on End-user - Market share 2024-2029 (%)
Exhibits 96: Chart on Comparison by End-user
Exhibits 97: Data Table on Comparison by End-user
Exhibits 98: Chart on OEM - Market size and forecast 2024-2029 ($ million)
Exhibits 99: Data Table on OEM - Market size and forecast 2024-2029 ($ million)
Exhibits 100: Chart on OEM - Year-over-year growth 2024-2029 (%)
Exhibits 101: Data Table on OEM - Year-over-year growth 2024-2029 (%)
Exhibits 102: Chart on Aftermarket - Market size and forecast 2024-2029 ($ million)
Exhibits 103: Data Table on Aftermarket - Market size and forecast 2024-2029 ($ million)
Exhibits 104: Chart on Aftermarket - Year-over-year growth 2024-2029 (%)
Exhibits 105: Data Table on Aftermarket - Year-over-year growth 2024-2029 (%)
Exhibits 106: Market opportunity by End-user ($ million)
Exhibits 107: Data Table on Market opportunity by End-user ($ million)
Exhibits 108: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 109: Chart on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 110: Data Table on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 111: Chart on Geographic comparison
Exhibits 112: Data Table on Geographic comparison
Exhibits 113: Chart on North America - Market size and forecast 2024-2029 ($ million)
Exhibits 114: Data Table on North America - Market size and forecast 2024-2029 ($ million)
Exhibits 115: Chart on North America - Year-over-year growth 2024-2029 (%)
Exhibits 116: Data Table on North America - Year-over-year growth 2024-2029 (%)
Exhibits 117: Chart on APAC - Market size and forecast 2024-2029 ($ million)
Exhibits 118: Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Exhibits 119: Chart on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 120: Data Table on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 121: Chart on Europe - Market size and forecast 2024-2029 ($ million)
Exhibits 122: Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Exhibits 123: Chart on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 124: Data Table on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 125: Chart on South America - Market size and forecast 2024-2029 ($ million)
Exhibits 126: Data Table on South America - Market size and forecast 2024-2029 ($ million)
Exhibits 127: Chart on South America - Year-over-year growth 2024-2029 (%)
Exhibits 128: Data Table on South America - Year-over-year growth 2024-2029 (%)
Exhibits 129: Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 130: Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 131: Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 132: Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 133: Chart on US - Market size and forecast 2024-2029 ($ million)
Exhibits 134: Data Table on US - Market size and forecast 2024-2029 ($ million)
Exhibits 135: Chart on US - Year-over-year growth 2024-2029 (%)
Exhibits 136: Data Table on US - Year-over-year growth 2024-2029 (%)
Exhibits 137: Chart on Japan - Market size and forecast 2024-2029 ($ million)
Exhibits 138: Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Exhibits 139: Chart on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 140: Data Table on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 141: Chart on Canada - Market size and forecast 2024-2029 ($ million)
Exhibits 142: Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Exhibits 143: Chart on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 144: Data Table on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 145: Chart on China - Market size and forecast 2024-2029 ($ million)
Exhibits 146: Data Table on China - Market size and forecast 2024-2029 ($ million)
Exhibits 147: Chart on China - Year-over-year growth 2024-2029 (%)
Exhibits 148: Data Table on China - Year-over-year growth 2024-2029 (%)
Exhibits 149: Chart on India - Market size and forecast 2024-2029 ($ million)
Exhibits 150: Data Table on India - Market size and forecast 2024-2029 ($ million)
Exhibits 151: Chart on India - Year-over-year growth 2024-2029 (%)
Exhibits 152: Data Table on India - Year-over-year growth 2024-2029 (%)
Exhibits 153: Chart on South Korea - Market size and forecast 2024-2029 ($ million)
Exhibits 154: Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
Exhibits 155: Chart on South Korea - Year-over-year growth 2024-2029 (%)
Exhibits 156: Data Table on South Korea - Year-over-year growth 2024-2029 (%)
Exhibits 157: Chart on Mexico - Market size and forecast 2024-2029 ($ million)
Exhibits 158: Data Table on Mexico - Market size and forecast 2024-2029 ($ million)
Exhibits 159: Chart on Mexico - Year-over-year growth 2024-2029 (%)
Exhibits 160: Data Table on Mexico - Year-over-year growth 2024-2029 (%)
Exhibits 161: Chart on Germany - Market size and forecast 2024-2029 ($ million)
Exhibits 162: Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Exhibits 163: Chart on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 164: Data Table on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 165: Chart on UK - Market size and forecast 2024-2029 ($ million)
Exhibits 166: Data Table on UK - Market size and forecast 2024-2029 ($ million)
Exhibits 167: Chart on UK - Year-over-year growth 2024-2029 (%)
Exhibits 168: Data Table on UK - Year-over-year growth 2024-2029 (%)
Exhibits 169: Chart on Australia - Market size and forecast 2024-2029 ($ million)
Exhibits 170: Data Table on Australia - Market size and forecast 2024-2029 ($ million)
Exhibits 171: Chart on Australia - Year-over-year growth 2024-2029 (%)
Exhibits 172: Data Table on Australia - Year-over-year growth 2024-2029 (%)
Exhibits 173: Market opportunity By Geographical Landscape ($ million)
Exhibits 174: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 175: Impact of drivers and challenges in 2024 and 2029
Exhibits 176: Overview on criticality of inputs and factors of differentiation
Exhibits 177: Overview on factors of disruption
Exhibits 178: Impact of key risks on business
Exhibits 179: Companies covered
Exhibits 180: Company ranking index
Exhibits 181: Matrix on companies position and classification
Exhibits 182: ATS Automation Tooling Systems Inc. - Overview
Exhibits 183: ATS Automation Tooling Systems Inc. - Product / Service
Exhibits 184: ATS Automation Tooling Systems Inc. - Key news
Exhibits 185: ATS Automation Tooling Systems Inc. - Key offerings
Exhibits 186: SWOT
Exhibits 187: China Automotive Systems Inc. - Overview
Exhibits 188: China Automotive Systems Inc. - Business segments
Exhibits 189: China Automotive Systems Inc. - Key offerings
Exhibits 190: China Automotive Systems Inc. - Segment focus
Exhibits 191: SWOT
Exhibits 192: Global Steering Systems LLC - Overview
Exhibits 193: Global Steering Systems LLC - Product / Service
Exhibits 194: Global Steering Systems LLC - Key offerings
Exhibits 195: SWOT
Exhibits 196: Hitachi Ltd. - Overview
Exhibits 197: Hitachi Ltd. - Business segments
Exhibits 198: Hitachi Ltd. - Key news
Exhibits 199: Hitachi Ltd. - Key offerings
Exhibits 200: Hitachi Ltd. - Segment focus
Exhibits 201: SWOT
Exhibits 202: HL Mando Co. Ltd. - Overview
Exhibits 203: HL Mando Co. Ltd. - Product / Service
Exhibits 204: HL Mando Co. Ltd. - Key news
Exhibits 205: HL Mando Co. Ltd. - Key offerings
Exhibits 206: SWOT
Exhibits 207: JTEKT Corp. - Overview
Exhibits 208: JTEKT Corp. - Business segments
Exhibits 209: JTEKT Corp. - Key news
Exhibits 210: JTEKT Corp. - Key offerings
Exhibits 211: JTEKT Corp. - Segment focus
Exhibits 212: SWOT
Exhibits 213: Knorr Bremse AG - Overview
Exhibits 214: Knorr Bremse AG - Business segments
Exhibits 215: Knorr Bremse AG - Key news
Exhibits 216: Knorr Bremse AG - Key offerings
Exhibits 217: Knorr Bremse AG - Segment focus
Exhibits 218: SWOT
Exhibits 219: Mahindra and Mahindra Ltd. - Overview
Exhibits 220: Mahindra and Mahindra Ltd. - Business segments
Exhibits 221: Mahindra and Mahindra Ltd. - Key news
Exhibits 222: Mahindra and Mahindra Ltd. - Key offerings
Exhibits 223: Mahindra and Mahindra Ltd. - Segment focus
Exhibits 224: SWOT
Exhibits 225: Mitsubishi Electric Corp. - Overview
Exhibits 226: Mitsubishi Electric Corp. - Business segments
Exhibits 227: Mitsubishi Electric Corp. - Key offerings
Exhibits 228: Mitsubishi Electric Corp. - Segment focus
Exhibits 229: SWOT
Exhibits 230: Nexteer Automotive Corp. - Overview
Exhibits 231: Nexteer Automotive Corp. - Business segments
Exhibits 232: Nexteer Automotive Corp. - Key offerings
Exhibits 233: Nexteer Automotive Corp. - Segment focus
Exhibits 234: SWOT
Exhibits 235: R. H. Sheppard Co. Inc. - Overview
Exhibits 236: R. H. Sheppard Co. Inc. - Product / Service
Exhibits 237: R. H. Sheppard Co. Inc. - Key offerings
Exhibits 238: SWOT
Exhibits 239: Robert Bosch GmbH - Overview
Exhibits 240: Robert Bosch GmbH - Product / Service
Exhibits 241: Robert Bosch GmbH - Key news
Exhibits 242: Robert Bosch GmbH - Key offerings
Exhibits 243: SWOT
Exhibits 244: ST System Truck Spa - Overview
Exhibits 245: ST System Truck Spa - Product / Service
Exhibits 246: ST System Truck Spa - Key offerings
Exhibits 247: SWOT
Exhibits 248: thyssenkrupp AG - Overview
Exhibits 249: thyssenkrupp AG - Business segments
Exhibits 250: thyssenkrupp AG - Key news
Exhibits 251: thyssenkrupp AG - Key offerings
Exhibits 252: thyssenkrupp AG - Segment focus
Exhibits 253: SWOT
Exhibits 254: ZF Friedrichshafen AG - Overview
Exhibits 255: ZF Friedrichshafen AG - Business segments
Exhibits 256: ZF Friedrichshafen AG - Key news
Exhibits 257: ZF Friedrichshafen AG - Key offerings
Exhibits 258: ZF Friedrichshafen AG - Segment focus
Exhibits 259: SWOT
Exhibits 260: Inclusions checklist
Exhibits 261: Exclusions checklist
Exhibits 262: Currency conversion rates for US$
Exhibits 263: Research methodology
Exhibits 264: Information sources
Exhibits 265: Data validation
Exhibits 266: Validation techniques employed for market sizing
Exhibits 267: Data synthesis
Exhibits 268: 360 degree market analysis
Exhibits 269: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global commercial vehicle steering system market: 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.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is continuous advances in automotive steering technology."

According to the report, one of the major drivers for this market is the electrification of automotive components for precise and accurate steering control.

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 and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

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.
ZF Friedrichshafen AG

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The commercial vehicle steering system market is segmented as below:

By Application

By Type

By Propulsion

By End-user

By Geographical Landscape

The report on the commercial vehicle steering system market covers the following areas:

Table of Contents

Executive Summary

Companies Mentioned (Partial List)

Related Topics

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