Commercial Vehicle (CV) Active Power Steering Market Report 2026

The commercial vehicle (cv) active power steering market size has grown strongly in recent years. It will grow from $5.71 billion in 2025 to $6.21 billion in 2026 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to expansion of heavy commercial vehicle production, increasing focus on vehicle safety regulations, growing adoption of electronic steering systems, rising demand for improved vehicle handling, advancements in hydraulic and electric steering technologies.

The commercial vehicle (cv) active power steering market size is expected to see strong growth in the next few years. It will grow to $8.71 billion in 2030 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to increasing penetration of autonomous commercial vehicles, rising electrification of truck platforms, growing integration of advanced driver assistance systems, increasing demand for connected vehicle technologies, continuous innovation in steering control software. Major trends in the forecast period include increasing adoption of steer-by-wire systems, rising integration of sensor-based steering controls, growing demand for driver fatigue reduction technologies, expansion of active rear steering solutions, enhanced focus on steering precision and safety.

The growing demand for fuel-efficient vehicles is expected to drive the expansion of the commercial vehicle (CV) active power steering market in the coming years. Fuel-efficient vehicles are designed to consume less fuel while covering the same distance compared to traditional vehicles. This increase is fueled by rising fuel prices and heightened environmental awareness, as both consumers and governments aim to cut emissions and reduce transportation costs. Commercial vehicle active power steering contributes to fuel efficiency by improving steering accuracy and lowering energy consumption, making vehicles easier to handle and more efficient. For example, the International Energy Agency, based in France, reported in May 2024 that electric car sales have steadily risen to 14 million (18%) in 2023, up from 3 million (4%) in 2020. Hence, the demand for fuel-efficient vehicles is boosting growth in the commercial vehicle active power steering market.

Companies in the commercial vehicle active power steering market are focusing on adopting advanced technologies like electric power steering to improve fuel efficiency, reduce emissions, enhance steering accuracy, and support autonomous driving features. Electric power steering (EPS) systems use an electric motor instead of hydraulic fluid to assist the driver, increasing efficiency and allowing integration with advanced driver assistance systems (ADAS). In April 2025, Nexteer Automotive, a US-based company specializing in steering and driveline technology, introduced a high-output column-assist electric power steering (HO CEPS) system. This system provides up to 110 Nm of steering assist, making it suitable for larger, heavier vehicles that typically require more complex steering solutions.

In January 2025, Rane Group, an industrial company based in India, partnered with ZF Friedrichshafen AG to develop rack drive electric power steering technologies. This collaboration aims to localize cutting-edge electric power steering systems, improve vehicle safety and comfort, and strengthen the availability of innovative steering solutions in the Indian market. ZF Friedrichshafen AG, headquartered in Germany, specializes in advanced active power steering systems for commercial vehicles.

Major companies operating in the commercial vehicle (cv) active power steering market are Robert Bosch GmbH, Bosch Mobility, ZF Friedrichshafen AG, ZF, JTEKT Corporation, Nexteer Automotive, Hyundai Mobis Co., Ltd., NSK Ltd., thyssenkrupp AG, Mando Corporation, Showa Corporation, China Automotive Systems Inc., DENSO Corporation, Eaton Corporation plc, Schaeffler AG, Hyundai Motor Company, Valeo SA, Aptiv, Delphi Technologies, ILJIN Corporation, Kongsberg Automotive Holding ASA, Leopold Kostal GmbH & Co. KG, Pailton Engineering Ltd., Global Steering Systems LLC, Zhejiang Wanda Steering Gear Co., Ltd., Infineon Technologies AG, Sensata Technologies, Honeywell Inc.

North America was the largest region in the commercial vehicle (CV) active power steering market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial vehicle (cv) active power steering market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the commercial vehicle (cv) active power steering market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The commercial vehicle (CV) active power steering market consists of revenues earned by entities by providing services such as system integration, diagnostics and maintenance, retrofitting of active steering systems, software updates, and aftermarket support for enhanced steering performance and safety. The market value includes the value of related goods sold by the service provider or included within the service offering. The commercial vehicle (CV) active power steering market also includes sales of electronic control units (ECUs), steering actuators, torque sensors, steering columns, and integrated active steering modules. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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