Medium and Heavy-Duty Truck Steering System Market Report 2026

The medium and heavy-duty truck steering system market size has grown strongly in recent years. It will grow from $2.59 billion in 2025 to $2.75 billion in 2026 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to expansion of heavy-duty trucking, hydraulic steering adoption, growth in construction fleets, demand for vehicle stability, safety regulations.

The medium and heavy-duty truck steering system market size is expected to see strong growth in the next few years. It will grow to $3.5 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to electric truck adoption, autonomous logistics vehicles, fuel efficiency mandates, connected steering technologies, smart transportation infrastructure. Major trends in the forecast period include adoption of electric steering systems, integration of advanced driver assistance, demand for high-durability steering components, growth of autonomous truck platforms, focus on driver comfort.

The rising demand for freight transport is expected to drive the growth of the medium- and heavy-duty truck steering system market going forward. Freight transport refers to the physical movement of goods, commodities, and cargo from one location to another. The demand for freight transport is growing due to the rapid expansion of e-commerce, which increases the need for frequent and fast delivery of goods to consumers. Medium- and heavy-duty truck steering systems support freight transport by providing precise handling and stability, ensuring the safe and efficient movement of heavy loads over long distances. For instance, in December 2024, according to a report published by the Bureau of Transportation Statistics (BTS), a US-based government organization, the U.S. freight system handled approximately 5.46 trillion ton-miles in 2023. Therefore, the rising demand for freight transport is driving the growth of the medium- and heavy-duty truck steering system market.

Major companies operating in the medium- and heavy-duty truck steering system market are focused on developing advanced systems, such as electric power steering, to meet the growing demand for more environmentally sustainable transportation solutions. Electric power steering (EPS) uses an electric motor to assist steering, drawing power only when needed, which reduces engine load and enhances fuel efficiency. It can be adjusted for varying levels of assist based on speed or driver preference, offering improved comfort and control. For instance, in March 2025, Nexteer Automotive Group Ltd., a US-based automotive industry company, launched a rear-wheel steering (RWS) system. This system is engineered for cost-effectiveness, lightweight design, durability, and seamless integration, aiming to enhance maneuverability, stability, safety, and overall driving experience, especially for larger vehicles such as trucks, SUVs, and EVs. Nexteer’s RWS allows the rear wheels to turn up to 12 degrees in coordination with the front wheels, improving handling at both low and high speeds, reducing turning radius for tight maneuvers, and increasing stability during sudden lane changes.

In May 2023, Robert Bosch GmbH, a Germany-based provider of steering for medium and heavy commercial vehicles, partnered with Plus AI Inc. to accelerate semi-autonomous driving in commercial vehicles for enhanced safety and efficiency. The collaboration aims to integrate PlusDrive software with Bosch’s hardware to enable advanced driver assistance and partial automation, making software-defined commercial trucks a reality and helping OEMs bring semi-autonomous vehicles to market faster. Plus AI Inc. is a US-based autonomous driving technology company specializing in AI-based self-driving systems for commercial trucks.

Major companies operating in the medium and heavy-duty truck steering system market report include Robert Bosch GmbH, ZF Friedrichshafen AG, JTEKT Corporation, Nexteer Automotive, Pailton Engineering Ltd., Rane Holdings Limited, NSK Ltd., MOOG Inc., Hitachi Astemo Ltd., Mando Corporation, Thyssenkrupp AG, Continental AG, Hyundai Mobis Co. Ltd., Magna International Inc., Schaeffler Group, Dana Incorporated, Parker Hannifin Corporation, Aisin Corporation, KYB Corporation, China Automotive Systems Inc., HL Mando Corp., Bosch Automotive Steering GmbH, Knorr-Bremse AG, Tenneco Inc., Volvo Group.

North America was the largest region in the medium and heavy-duty 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 medium and heavy-duty 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 medium and heavy-duty truck steering system market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The medium and heavy-duty truck steering system market consists of sales of power steering control units, drag links, steering dampers, and steering angle sensors. 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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