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The commercial vehicle steering system market is forecasted to grow by USD 4061 million during 2023-2028, accelerating at a CAGR of 5.58% 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.Speak directly to the analyst to clarify any post sales queries you may have.
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 the electrification of automotive components for precise and accurate steering control, the growing use of driver-assisted steering technologies in CVS, and the growing preference for CVS for freight transportation.
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 Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
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
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 an analysis of the key vendors.
The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through 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 research - both primary and secondary. 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.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
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, GreenSteering, Hitachi Ltd., HL Mando Co. Ltd., JTEKT Corp., Knorr Bremse AG, Mahindra and Mahindra Ltd., Mitsubishi Electric Corp., Nexteer Automotive Group Ltd., 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
- GreenSteering
- Hitachi Ltd.
- HL Mando Co. Ltd.
- JTEKT Corp.
- Knorr Bremse AG
- Mahindra and Mahindra Ltd.
- Mitsubishi Electric Corp.
- Nexteer Automotive Group Ltd.
- 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
