Pickup Truck Steering System Market Report 2026

The pickup truck steering system market size has grown strongly in recent years. It will grow from $12.69 billion in 2025 to $13.62 billion in 2026 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to pickup truck sales growth, hydraulic steering adoption, expansion of construction and agriculture use, consumer preference for pickups, mechanical steering reliability.

The pickup truck steering system market size is expected to see strong growth in the next few years. It will grow to $17.87 billion in 2030 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to electrified pickup models launch, autonomous assist features adoption, fuel efficiency regulations, demand for advanced handling, integration of driver assistance systems. Major trends in the forecast period include transition toward electric power steering, integration of variable rate steering, demand for off-road capable steering systems, growth of pickup customization, enhanced steering safety features.

The increasing demand for light-duty trucks is expected to drive the growth of the pickup truck steering system market. Light-duty trucks, used primarily for personal transport and light commercial purposes, combine utility, comfort, and fuel efficiency. Their rising popularity stems from their versatility, offering passenger comfort alongside cargo capacity, making them ideal for personal and small business use. As light-duty trucks gain traction, the need for advanced steering systems that enhance maneuverability, safety, and ease of driving becomes essential. For example, in February 2025, the International Council on Clean Transportation (ICCT), a US-based environmental research organization, reported that in 2024, light and medium trucks comprised 13% of all heavy-duty vehicle sales in Europe. Zero-emission light and medium trucks (3.5-12 tonnes) accounted for 10% of sales in this segment across the EU in 2024, up from 6% in 2023. Thus, the growing demand for light-duty trucks is propelling the pickup truck steering system market.

Leading companies in the pickup truck steering system market are developing advanced steering technologies to improve precision, fuel efficiency, and compatibility with electric and autonomous vehicles. These innovations aim to enhance safety, comfort, and overall vehicle performance. For instance, in November 2024, RIDDARA, a China-based automaker, launched the RIDDARA RD6 EV pickup truck in Thailand. Built on the Multiplex Attached Platform (M.A.P.), the RD6 combines pickup utility with SUV-style comfort and design. It features fast acceleration, a driving range of up to 455 km (NEDC), and advanced driving modes, offering a practical and sustainable option for urban and outdoor use.

In February 2025, RACL Geartech Limited, an India-based manufacturer of precision automotive components, partnered with ZF Rane to develop and supply critical parts such as ring gears, sun gears, drive gears, and planetary gear assemblies for Electric Power Steering (EPS) systems in passenger vehicles. This collaboration targets a major American pickup truck manufacturer, supporting RACL Geartech’s expansion into the North American market and growth in the EPS segment domestically and internationally. ZF Rane specializes in steering and occupant safety solutions, including steering systems for pickup trucks.

Major companies operating in the pickup truck steering system market report include ZF Friedrichshafen AG, Nexteer Automotive, Bosch Automotive Steering, JTEKT Corporation, Koyo Steering Systems, Rane NSK Steering Systems Ltd., Hyundai Mobis Co. Ltd., Mando Corporation, Hitachi Astemo, Showa Corporation, Magna International Inc., Robert Bosch GmbH, Mitsubishi Electric Corporation, Delphi Technologies, Cardone Industries, Tenneco Inc., American Axle & Manufacturing (AAM), Thyssenkrupp AG, NSK Ltd., China Automotive Systems Inc., Dana Incorporated, Parker Hannifin Corporation, Aisin Corporation, KYB Corporation, BorgWarner Inc.

North America was the largest region in the pickup truck steering System market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pickup truck steering system market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pickup truck steering system market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The pickup truck steering system includes revenues earned by entities by providing services such as steering system installation, steering system replacement, steering diagnostics and inspection, steering component repair and preventive maintenance services. The market value includes the value of related goods sold by the service provider or included within the service offering. The pickup truck steering system market also consists of sales of products including core steering system components, power steering system components, electronic steering system (EPS) components, suspension-linked steering components and supporting products. 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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