The light-duty truck steering system market size has grown steadily in recent years. It will grow from $1.85 billion in 2024 to $1.93 billion in 2025 at a compound annual growth rate (CAGR) of 4.1%. The growth during the historic period can be attributed to factors such as increased sales of light-duty trucks, regulatory emphasis on safety, the transition from hydraulic to electric power steering (EPS), rising fuel efficiency standards, and growing urbanization.
The light-duty truck steering system market size is expected to see steady growth in the next few years. It will grow to $3.23 billion in 2029 at a compound annual growth rate (CAGR) of 3.7%. The growth projected for the forecast period can be attributed to factors such as the electrification of light-duty trucks, the advancement of autonomous driving, increased use of advanced materials, customization and personalization, and the rise of smart steering technologies. Key trends during this period include the integration of electronic power steering (EPS) systems alongside traditional hydraulic steering, expansion of the logistics and e-commerce sectors, a shift toward automation and connectivity in vehicle systems, and growing collaborations and partnerships with technology firms.
The rising adoption of electric vehicles (EVs) is expected to significantly drive growth in the light-duty truck steering system market. EVs, powered fully or partially by electric motors using rechargeable batteries, are gaining popularity due to increasing environmental concerns, as their zero tailpipe emissions reduce air pollution and help combat climate change. The shift toward EVs is transforming vehicle component design and performance requirements, including steering systems. Light-duty truck steering systems improve EVs by enhancing energy efficiency, reducing steering effort, and supporting advanced driver-assistance features through electric power steering technology. For example, in January 2025, Automotive Dive reported that U.S. EV sales reached 1.3 million units in 2024, marking a 7.3% year-over-year increase. Consequently, growing EV adoption is fueling demand for advanced steering systems in light-duty trucks.
Key players in the market are focusing on innovations such as mPEPS (motor-driven electric power steering systems) to boost performance, efficiency, and safety. Light-duty truck steering systems enable better vehicle control for smaller trucks used in deliveries and transport, emphasizing ease of use, safety, and efficiency. For instance, in February 2024, Mitsubishi Fuso Truck and Bus Corporation launched the redesigned light-duty Canter truck in Japan, its first major interior overhaul in 14 years. The Canter features an elegant, user-friendly interior with a streamlined dashboard, a 10-inch LCD instrument panel, steering wheel controls, an optional touchscreen, and advanced safety technologies including Active Attention Assist, Active Sideguard Assist, Active Brake Assist 5, Traffic Sign Recognition, and a rear-view camera, enhancing driver comfort and safety.
In January 2025, India-based Rane Group partnered with Germany’s ZF Group to strengthen its presence in advanced steering systems. This collaboration involves Rane introducing Rack Drive Electric Power Steering systems and licensing Column Drive Electric Power Steering technology from ZF Friedrichshafen AG, a global leader in light-duty truck steering systems.
Major players in the light-duty truck steering system market are Robert Bosch GmbH, Daimler Truck AG, ZF Friedrichshafen AG, Thyssenkrupp AG, Continental AG, Magna International Inc., Valeo SA, TRW Automotive Holdings Corp, JTEKT Corporation, Knorr-Bremse AG, NSK Ltd., Mando Corporation, MOOG Inc., Nippon Seiki Co Ltd., Nexteer Automotive Corporation, Delphi Technologies Plc., Pailton Engineering Ltd., Hitachi Automotive Systems Ltd., Titan Steering Systems, and Global Steering Systems LLC.
Asia-Pacific was the largest region in the light-duty truck steering system market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in light-duty truck steering system report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the light-duty truck steering system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Light-duty truck steering system refers to the complete set of components that provide directional control for light commercial vehicles. These systems employ advanced mechanical and hydraulic technologies to deliver precise control and handling, ensuring smooth and responsive steering for the driver.
The main vehicle types utilizing light-duty truck steering systems include pickup trucks, vans, and sport utility vehicles (SUVs). A pickup truck is a motor vehicle featuring an open rear cargo area, commonly used for transporting goods. Sales channels for these systems include both original equipment manufacturers (OEM) and the aftermarket. Key components of the steering system include the steering column, steering wheel, and control module, utilizing technologies such as hydraulic steering, electrically assisted steering, and autonomous steering. These systems serve various end users, including commercial fleets and individual consumers.
The light-duty truck steering system market research report is one of a series of new reports that provides light-duty truck steering system market statistics, including light-duty truck steering system industry global market size, regional shares, competitors with a light-duty truck steering system market share, light-duty truck steering system market segments, market trends and opportunities, and any further data you may need to thrive in the light-duty truck steering system industry. This light-duty truck steering system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The light-duty truck steering system market consists of revenues earned by entities by providing services such as manufacturing steering components, design and engineering services, repair and maintenance services, testing and calibration services, and integration services. The market value includes the value of related goods sold by the service provider or included within the service offering. The light-duty truck steering system market also includes sales of manual steering systems, power steering systems, steering columns, steering racks and pinions, and steering pumps. 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 and 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.
This product will be delivered within 3-5 business days.
The light-duty truck steering system market size is expected to see steady growth in the next few years. It will grow to $3.23 billion in 2029 at a compound annual growth rate (CAGR) of 3.7%. The growth projected for the forecast period can be attributed to factors such as the electrification of light-duty trucks, the advancement of autonomous driving, increased use of advanced materials, customization and personalization, and the rise of smart steering technologies. Key trends during this period include the integration of electronic power steering (EPS) systems alongside traditional hydraulic steering, expansion of the logistics and e-commerce sectors, a shift toward automation and connectivity in vehicle systems, and growing collaborations and partnerships with technology firms.
The rising adoption of electric vehicles (EVs) is expected to significantly drive growth in the light-duty truck steering system market. EVs, powered fully or partially by electric motors using rechargeable batteries, are gaining popularity due to increasing environmental concerns, as their zero tailpipe emissions reduce air pollution and help combat climate change. The shift toward EVs is transforming vehicle component design and performance requirements, including steering systems. Light-duty truck steering systems improve EVs by enhancing energy efficiency, reducing steering effort, and supporting advanced driver-assistance features through electric power steering technology. For example, in January 2025, Automotive Dive reported that U.S. EV sales reached 1.3 million units in 2024, marking a 7.3% year-over-year increase. Consequently, growing EV adoption is fueling demand for advanced steering systems in light-duty trucks.
Key players in the market are focusing on innovations such as mPEPS (motor-driven electric power steering systems) to boost performance, efficiency, and safety. Light-duty truck steering systems enable better vehicle control for smaller trucks used in deliveries and transport, emphasizing ease of use, safety, and efficiency. For instance, in February 2024, Mitsubishi Fuso Truck and Bus Corporation launched the redesigned light-duty Canter truck in Japan, its first major interior overhaul in 14 years. The Canter features an elegant, user-friendly interior with a streamlined dashboard, a 10-inch LCD instrument panel, steering wheel controls, an optional touchscreen, and advanced safety technologies including Active Attention Assist, Active Sideguard Assist, Active Brake Assist 5, Traffic Sign Recognition, and a rear-view camera, enhancing driver comfort and safety.
In January 2025, India-based Rane Group partnered with Germany’s ZF Group to strengthen its presence in advanced steering systems. This collaboration involves Rane introducing Rack Drive Electric Power Steering systems and licensing Column Drive Electric Power Steering technology from ZF Friedrichshafen AG, a global leader in light-duty truck steering systems.
Major players in the light-duty truck steering system market are Robert Bosch GmbH, Daimler Truck AG, ZF Friedrichshafen AG, Thyssenkrupp AG, Continental AG, Magna International Inc., Valeo SA, TRW Automotive Holdings Corp, JTEKT Corporation, Knorr-Bremse AG, NSK Ltd., Mando Corporation, MOOG Inc., Nippon Seiki Co Ltd., Nexteer Automotive Corporation, Delphi Technologies Plc., Pailton Engineering Ltd., Hitachi Automotive Systems Ltd., Titan Steering Systems, and Global Steering Systems LLC.
Asia-Pacific was the largest region in the light-duty truck steering system market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in light-duty truck steering system report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the light-duty truck steering system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Light-duty truck steering system refers to the complete set of components that provide directional control for light commercial vehicles. These systems employ advanced mechanical and hydraulic technologies to deliver precise control and handling, ensuring smooth and responsive steering for the driver.
The main vehicle types utilizing light-duty truck steering systems include pickup trucks, vans, and sport utility vehicles (SUVs). A pickup truck is a motor vehicle featuring an open rear cargo area, commonly used for transporting goods. Sales channels for these systems include both original equipment manufacturers (OEM) and the aftermarket. Key components of the steering system include the steering column, steering wheel, and control module, utilizing technologies such as hydraulic steering, electrically assisted steering, and autonomous steering. These systems serve various end users, including commercial fleets and individual consumers.
The light-duty truck steering system market research report is one of a series of new reports that provides light-duty truck steering system market statistics, including light-duty truck steering system industry global market size, regional shares, competitors with a light-duty truck steering system market share, light-duty truck steering system market segments, market trends and opportunities, and any further data you may need to thrive in the light-duty truck steering system industry. This light-duty truck steering system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The light-duty truck steering system market consists of revenues earned by entities by providing services such as manufacturing steering components, design and engineering services, repair and maintenance services, testing and calibration services, and integration services. The market value includes the value of related goods sold by the service provider or included within the service offering. The light-duty truck steering system market also includes sales of manual steering systems, power steering systems, steering columns, steering racks and pinions, and steering pumps. 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 and 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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Light-Duty Truck Steering System Market Characteristics3. Light-Duty Truck Steering System Market Trends And Strategies4. Light-Duty Truck Steering System Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market32. Global Light-Duty Truck Steering System Market Competitive Benchmarking And Dashboard33. Key Mergers And Acquisitions In The Light-Duty Truck Steering System Market34. Recent Developments In The Light-Duty Truck Steering System Market
5. Global Light-Duty Truck Steering System Growth Analysis And Strategic Analysis Framework
6. Light-Duty Truck Steering System Market Segmentation
7. Light-Duty Truck Steering System Market Regional And Country Analysis
8. Asia-Pacific Light-Duty Truck Steering System Market
9. China Light-Duty Truck Steering System Market
10. India Light-Duty Truck Steering System Market
11. Japan Light-Duty Truck Steering System Market
12. Australia Light-Duty Truck Steering System Market
13. Indonesia Light-Duty Truck Steering System Market
14. South Korea Light-Duty Truck Steering System Market
15. Western Europe Light-Duty Truck Steering System Market
16. UK Light-Duty Truck Steering System Market
17. Germany Light-Duty Truck Steering System Market
18. France Light-Duty Truck Steering System Market
19. Italy Light-Duty Truck Steering System Market
20. Spain Light-Duty Truck Steering System Market
21. Eastern Europe Light-Duty Truck Steering System Market
22. Russia Light-Duty Truck Steering System Market
23. North America Light-Duty Truck Steering System Market
24. USA Light-Duty Truck Steering System Market
25. Canada Light-Duty Truck Steering System Market
26. South America Light-Duty Truck Steering System Market
27. Brazil Light-Duty Truck Steering System Market
28. Middle East Light-Duty Truck Steering System Market
29. Africa Light-Duty Truck Steering System Market
30. Light-Duty Truck Steering System Market Competitive Landscape And Company Profiles
31. Light-Duty Truck Steering System Market Other Major And Innovative Companies
35. Light-Duty Truck Steering System Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Light-duty Truck Steering System Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on light-duty truck steering system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for light-duty truck steering system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The light-duty truck steering system market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Vehicle Type: Pick Up Truck; Vans; Sport Utility Vehicles (SUVs)2) By Sales Channel: Original Equipment Manufacturer (OEM); Aftermarket
3) By Component: Steering Column; Steering Wheel; Control Module
4) By Technology: Hydraulic Steering; Electrically Assisted Steering; Autonomous Steering
5) By End-Use: Commercial Fleet; Personal Use
Subsegments:
1) By Pick-Up Truck: Light-Duty Pick-Up Trucks; Heavy-Duty Pick-Up Trucks; Electric Pick-Up Trucks2) By Vans: Passenger Vans; Cargo Vans; Mini Vans; Electric Vans
3) By Sport Utility Vehicles (SUVs): Compact SUVs; Mid-Size SUVs; Full-Size SUVs; Crossover SUVs; Electric SUVs
Key Companies Profiled: Robert Bosch GmbH; Daimler Truck AG; ZF Friedrichshafen AG; Thyssenkrupp AG; Continental AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Robert Bosch GmbH
- Daimler Truck AG
- ZF Friedrichshafen AG
- Thyssenkrupp AG
- Continental AG
- Magna International Inc.
- Valeo SA
- TRW Automotive Holdings Corp
- JTEKT Corporation
- Knorr-Bremse AG
- NSK Ltd.
- Mando Corporation
- MOOG Inc.
- Nippon Seiki Co Ltd.
- Nexteer Automotive Corporation
- Delphi Technologies Plc.
- Pailton Engineering Ltd.
- Hitachi Automotive Systems Ltd.
- Titan Steering Systems
- Global Steering Systems LLC.