PUBLISHER: The Business Research Company | PRODUCT CODE: 1770058
PUBLISHER: The Business Research Company | PRODUCT CODE: 1770058
A pickup truck steering system is a collection of components that enables the driver to control the vehicle's direction by turning the front wheels. It generally consists of the steering wheel, column, gear, and linkages, and may incorporate hydraulic or electric power assistance to facilitate easier handling.
The main types of steering systems in the pickup truck steering system market include mechanical steering systems, power steering systems, and electronic power steering (EPS) systems. Mechanical steering systems are traditional manual steering mechanisms where the driver's input is directly transmitted to the wheels through mechanical linkages without hydraulic or electric assistance. These systems for pickup trucks are manual or non-assisted and rely solely on mechanical linkages to steer the front wheels. Key components of pickup truck steering systems include the steering gear, steering column, power steering pump, rack and pinion, and ball joints. The technologies used encompass hydraulic steering, electromechanical steering, and variable rate steering. Pickup truck steering systems are applied across vehicle types such as light-duty, medium-duty, and heavy-duty pickup trucks. The end-user industries include commercial fleet operators, construction and mining, agriculture, and individual consumers.
The pickup truck steering system market research report is one of a series of new reports from The Business Research Company that provides pickup truck steering system market statistics, including pickup truck steering system industry global market size, regional shares, competitors with a pickup truck steering system market share, detailed pickup truck steering system market segments, market trends and opportunities, and any further data you may need to thrive in the pickup truck steering system industry. This pickup 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 pickup truck steering system market size has grown strongly in recent years. It will grow from $11.8 billion in 2024 to $12.69 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to the rising production of pickup trucks, increased demand for light commercial vehicles, growing adoption of hydraulic power steering systems, rising disposable income, and the expansion of the logistics industry.
The pickup truck steering system market size is expected to see strong growth in the next few years. It will grow to $16.74 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to the increasing adoption of electric power steering, the rise in electric pickup trucks, growing demand for fuel-efficient systems, expanded use of steer-by-wire technology, and the rise in commercial fleet operations. Major trends during the forecast period include the adoption of electric power steering (EPS), growth in steer-by-wire technology, integration with autonomous driving systems, enhanced off-road steering capabilities, and increased focus on customization and drive mode selectivity.
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 players in the pickup truck steering system market Hyundai Mobis Co. Ltd., ZF Friedrichshafen AG, Magna International Inc., Mitsubishi Electric Corporation, BorgWarner Inc., Hella GmbH & Co. KGaA, Knorr-Bremse AG, American Axle & Manufacturing (AAM), Mando Corporation, Chrysler Group LLC (FCA US), Showa Corporation, Cardone Industries, Tenneco Inc., Nexteer Automotive, Hitachi Astemo, Bosch Automotive Steering, Delphi Technologies, Koyo Steering Systems, Rane NSK Steering Systems Ltd. and Calsonic Kansei Corporation.
North America was the largest region in the pickup truck steering System market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in pickup truck steering system report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the pickup truck steering system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, 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.
Pickup Truck Steering System Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pickup 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.
Where is the largest and fastest growing market for pickup 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 pickup truck steering system market global report from the Business Research Company 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 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.