Global Commercial Vehicle Steering System Market 2023-2027

Description

List of Tables

The commercial vehicle steering system market is forecasted to grow by USD 3,807.87 mn during 2022-2027, accelerating at a CAGR of 5.5% 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.

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 electrification of automotive components for precise and accurate steering control, growing use of driver-assisted steering technologies in CVs, and growing preference for CVs for freight transportation.

Technavio's commercial vehicle steering system market is segmented as below:

By Application

Light commercial vehicle
Medium
Heavy commercial vehicle

By Type

Electronic power steering
Electro-hydraulic power steering
Hydraulic power steering

By Geography

North America
APAC
Europe
South America
Middle East and Africa

This study identifies the continuous advances in automotive steering technology as one of the prime reasons driving the commercial vehicle steering system market growth during the next few years. Also, steer-by-wire technology gaining adoption in CVs and development of independent wheel steering systems will lead to sizable demand in the market.

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 robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading commercial vehicle steering system market vendors that include 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. Also, the commercial vehicle steering system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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 publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by 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 the accurate market growth.

Product Code: IRTNTR44272

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global commercial vehicle steering system market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on global commercial vehicle steering system market 2017 - 2021 ($ million)
4.2 Application Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Application Segment 2017 - 2021 ($ million)
4.3 Type Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Type Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Light commercial vehicle - Market size and forecast 2022-2027
Exhibit 34: Chart on Light commercial vehicle - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Light commercial vehicle - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Light commercial vehicle - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Light commercial vehicle - Year-over-year growth 2022-2027 (%)
6.4 Medium and heavy commercial vehicle - Market size and forecast 2022-2027
Exhibit 38: Chart on Medium and heavy commercial vehicle - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Medium and heavy commercial vehicle - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Medium and heavy commercial vehicle - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Medium and heavy commercial vehicle - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Application
Exhibit 42: Market opportunity by Application ($ million)
Exhibit 43: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 44: Chart on Type - Market share 2022-2027 (%)
Exhibit 45: Data Table on Type - Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 46: Chart on Comparison by Type
Exhibit 47: Data Table on Comparison by Type
7.3 Electronic power steering - Market size and forecast 2022-2027
Exhibit 48: Chart on Electronic power steering - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Data Table on Electronic power steering - Market size and forecast 2022-2027 ($ million)
Exhibit 50: Chart on Electronic power steering - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Electronic power steering - Year-over-year growth 2022-2027 (%)
7.4 Electro-hydraulic power steering - Market size and forecast 2022-2027
Exhibit 52: Chart on Electro-hydraulic power steering - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Electro-hydraulic power steering - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Electro-hydraulic power steering - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Electro-hydraulic power steering - Year-over-year growth 2022-2027 (%)
7.5 Hydraulic power steering - Market size and forecast 2022-2027
Exhibit 56: Chart on Hydraulic power steering - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Data Table on Hydraulic power steering - Market size and forecast 2022-2027 ($ million)
Exhibit 58: Chart on Hydraulic power steering - Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Hydraulic power steering - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Type
Exhibit 60: Market opportunity by Type ($ million)
Exhibit 61: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share by geography 2022-2027 (%)
Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 APAC - Market size and forecast 2022-2027
Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 China - Market size and forecast 2022-2027
Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
9.10 Mexico - Market size and forecast 2022-2027
Exhibit 95: Chart on Mexico - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on Mexico - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on Mexico - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Mexico - Year-over-year growth 2022-2027 (%)
9.11 Canada - Market size and forecast 2022-2027
Exhibit 99: Chart on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on Canada - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Canada - Year-over-year growth 2022-2027 (%)
9.12 Japan - Market size and forecast 2022-2027
Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 107: Market opportunity by geography ($ million)
Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 ATS Automation Tooling Systems Inc.
Exhibit 115: ATS Automation Tooling Systems Inc. - Overview
Exhibit 116: ATS Automation Tooling Systems Inc. - Product / Service
Exhibit 117: ATS Automation Tooling Systems Inc. - Key offerings
12.4 China Automotive Systems Inc.
Exhibit 118: China Automotive Systems Inc. - Overview
Exhibit 119: China Automotive Systems Inc. - Business segments
Exhibit 120: China Automotive Systems Inc. - Key news
Exhibit 121: China Automotive Systems Inc. - Key offerings
Exhibit 122: China Automotive Systems Inc. - Segment focus
12.5 Global Steering Systems LLC
Exhibit 123: Global Steering Systems LLC - Overview
Exhibit 124: Global Steering Systems LLC - Product / Service
Exhibit 125: Global Steering Systems LLC - Key offerings
12.6 GreenSteering
Exhibit 126: GreenSteering - Overview
Exhibit 127: GreenSteering - Product / Service
Exhibit 128: GreenSteering - Key offerings
12.7 Hitachi Ltd.
Exhibit 129: Hitachi Ltd. - Overview
Exhibit 130: Hitachi Ltd. - Business segments
Exhibit 131: Hitachi Ltd. - Key news
Exhibit 132: Hitachi Ltd. - Key offerings
Exhibit 133: Hitachi Ltd. - Segment focus
12.8 HL Mando Co. Ltd.
Exhibit 134: HL Mando Co. Ltd. - Overview
Exhibit 135: HL Mando Co. Ltd. - Product / Service
Exhibit 136: HL Mando Co. Ltd. - Key offerings
12.9 JTEKT Corp.
Exhibit 137: JTEKT Corp. - Overview
Exhibit 138: JTEKT Corp. - Business segments
Exhibit 139: JTEKT Corp. - Key news
Exhibit 140: JTEKT Corp. - Key offerings
Exhibit 141: JTEKT Corp. - Segment focus
12.10 Knorr Bremse AG
Exhibit 142: Knorr Bremse AG - Overview
Exhibit 143: Knorr Bremse AG - Business segments
Exhibit 144: Knorr Bremse AG - Key news
Exhibit 145: Knorr Bremse AG - Key offerings
Exhibit 146: Knorr Bremse AG - Segment focus
12.11 Mahindra and Mahindra Ltd.
Exhibit 147: Mahindra and Mahindra Ltd. - Overview
Exhibit 148: Mahindra and Mahindra Ltd. - Business segments
Exhibit 149: Mahindra and Mahindra Ltd. - Key news
Exhibit 150: Mahindra and Mahindra Ltd. - Key offerings
Exhibit 151: Mahindra and Mahindra Ltd. - Segment focus
12.12 Mitsubishi Electric Corp.
Exhibit 152: Mitsubishi Electric Corp. - Overview
Exhibit 153: Mitsubishi Electric Corp. - Key news
Exhibit 154: Mitsubishi Electric Corp. - Key offerings
12.13 Nexteer Automotive Group Ltd.
Exhibit 155: Nexteer Automotive Group Ltd. - Overview
Exhibit 156: Nexteer Automotive Group Ltd. - Business segments
Exhibit 157: Nexteer Automotive Group Ltd. - Key news
Exhibit 158: Nexteer Automotive Group Ltd. - Key offerings
Exhibit 159: Nexteer Automotive Group Ltd. - Segment focus
12.14 Robert Bosch GmbH
Exhibit 160: Robert Bosch GmbH - Overview
Exhibit 161: Robert Bosch GmbH - Business segments
Exhibit 162: Robert Bosch GmbH - Key news
Exhibit 163: Robert Bosch GmbH - Key offerings
Exhibit 164: Robert Bosch GmbH - Segment focus
12.15 ST System Truck Spa
Exhibit 165: ST System Truck Spa - Overview
Exhibit 166: ST System Truck Spa - Product / Service
Exhibit 167: ST System Truck Spa - Key offerings
12.16 thyssenkrupp AG
Exhibit 168: thyssenkrupp AG - Overview
Exhibit 169: thyssenkrupp AG - Business segments
Exhibit 170: thyssenkrupp AG - Key offerings
Exhibit 171: thyssenkrupp AG - Segment focus
12.17 ZF Friedrichshafen AG
Exhibit 172: ZF Friedrichshafen AG - Overview
Exhibit 173: ZF Friedrichshafen AG - Business segments
Exhibit 174: ZF Friedrichshafen AG - Key news
Exhibit 175: ZF Friedrichshafen AG - Key offerings
Exhibit 176: ZF Friedrichshafen AG - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 177: Inclusions checklist
Exhibit 178: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 179: Currency conversion rates for US$
13.4 Research methodology
Exhibit 180: Research methodology
Exhibit 181: Validation techniques employed for market sizing
Exhibit 182: Information sources
13.5 List of abbreviations
Exhibit 183: List of abbreviations