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Global Hydraulic Steering System Market Research Report 2025
Synopsis
In automobiles, power steering is a device that helps drivers steer by augmenting steering effort of the steering wheel. Hydraulic or electric actuators add controlled energy to the steering mechanism, so the driver can provide less effort to turn the steered wheels when driving at typical speeds, and reduce considerably the physical effort necessary to turn the wheels when a vehicle is stopped or moving slowly. Power steering can also be engineered to provide some artificial feedback of forces acting on the steered wheels.
The global Hydraulic Steering System market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
The increased penetration of hydraulic power steering in commercial vehicles is one of the primary drivers for market growth. The conventional hydraulic power steering is largely used in heavy commercial vehicles. Most of the commercial vehicles utilize the hydraulic or the EHS system since the electric power steering (EPS) system has not exceeded the 15 kN barriers. Normally, the power required to steer a truck is more than a car, and there is a huge difference in the front axle load in trucks and cars. A standard car can carry up to 750 Kg, but heavy trucks can take up to 7,500 Kg. Therefore, hydraulic steering is the most common front axle steering for heavy commercial vehicles.
This report aims to provide a comprehensive presentation of the global market for Hydraulic Steering System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hydraulic Steering System.
Report Scope
The Hydraulic Steering System market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Hydraulic Steering System market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Hydraulic Steering System manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ZF Friedrichshafen
GKN
Nexteer Automotive
ThyssenKrupp
Segment by Type
Hydraulic Helm Pump
Hydraulic Cylinder
Rigid or Flexible Hoses
Others
Segment by Application
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Hydraulic Steering System manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Hydraulic Steering System by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Hydraulic Steering System in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
In automobiles, power steering is a device that helps drivers steer by augmenting steering effort of the steering wheel. Hydraulic or electric actuators add controlled energy to the steering mechanism, so the driver can provide less effort to turn the steered wheels when driving at typical speeds, and reduce considerably the physical effort necessary to turn the wheels when a vehicle is stopped or moving slowly. Power steering can also be engineered to provide some artificial feedback of forces acting on the steered wheels.
The global Hydraulic Steering System market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
The increased penetration of hydraulic power steering in commercial vehicles is one of the primary drivers for market growth. The conventional hydraulic power steering is largely used in heavy commercial vehicles. Most of the commercial vehicles utilize the hydraulic or the EHS system since the electric power steering (EPS) system has not exceeded the 15 kN barriers. Normally, the power required to steer a truck is more than a car, and there is a huge difference in the front axle load in trucks and cars. A standard car can carry up to 750 Kg, but heavy trucks can take up to 7,500 Kg. Therefore, hydraulic steering is the most common front axle steering for heavy commercial vehicles.
This report aims to provide a comprehensive presentation of the global market for Hydraulic Steering System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hydraulic Steering System.
Report Scope
The Hydraulic Steering System market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Hydraulic Steering System market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Hydraulic Steering System manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ZF Friedrichshafen
GKN
Nexteer Automotive
ThyssenKrupp
Segment by Type
Hydraulic Helm Pump
Hydraulic Cylinder
Rigid or Flexible Hoses
Others
Segment by Application
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Hydraulic Steering System manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Hydraulic Steering System by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Hydraulic Steering System in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Hydraulic Steering System Market Overview
1.1 Product Definition
1.2 Hydraulic Steering System Segment by Type
1.2.1 Global Hydraulic Steering System Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Hydraulic Helm Pump
1.2.3 Hydraulic Cylinder
1.2.4 Rigid or Flexible Hoses
1.2.5 Others
1.3 Hydraulic Steering System Segment by Application
1.3.1 Global Hydraulic Steering System Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Passenger Vehicle
1.3.3 Light Commercial Vehicle
1.3.4 Heavy Commercial Vehicle
1.4 Global Market Growth Prospects
1.4.1 Global Hydraulic Steering System Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Hydraulic Steering System Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Hydraulic Steering System Production Estimates and Forecasts (2019-2030)
1.4.4 Global Hydraulic Steering System Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Hydraulic Steering System Production Market Share by Manufacturers (2019-2024)
2.2 Global Hydraulic Steering System Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Hydraulic Steering System, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Hydraulic Steering System Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Hydraulic Steering System Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Hydraulic Steering System, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Hydraulic Steering System, Product Offered and Application
2.8 Global Key Manufacturers of Hydraulic Steering System, Date of Enter into This Industry
2.9 Hydraulic Steering System Market Competitive Situation and Trends
2.9.1 Hydraulic Steering System Market Concentration Rate
2.9.2 Global 5 and 10 Largest Hydraulic Steering System Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Hydraulic Steering System Production by Region
3.1 Global Hydraulic Steering System Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Hydraulic Steering System Production Value by Region (2019-2030)
3.2.1 Global Hydraulic Steering System Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Hydraulic Steering System by Region (2025-2030)
3.3 Global Hydraulic Steering System Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Hydraulic Steering System Production by Region (2019-2030)
3.4.1 Global Hydraulic Steering System Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Hydraulic Steering System by Region (2025-2030)
3.5 Global Hydraulic Steering System Market Price Analysis by Region (2019-2024)
3.6 Global Hydraulic Steering System Production and Value, Year-over-Year Growth
3.6.1 North America Hydraulic Steering System Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Hydraulic Steering System Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Hydraulic Steering System Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Hydraulic Steering System Production Value Estimates and Forecasts (2019-2030)
4 Hydraulic Steering System Consumption by Region
4.1 Global Hydraulic Steering System Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Hydraulic Steering System Consumption by Region (2019-2030)
4.2.1 Global Hydraulic Steering System Consumption by Region (2019-2024)
4.2.2 Global Hydraulic Steering System Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Hydraulic Steering System Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Hydraulic Steering System Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Hydraulic Steering System Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Hydraulic Steering System Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Hydraulic Steering System Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Hydraulic Steering System Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Hydraulic Steering System Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Hydraulic Steering System Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Hydraulic Steering System Production by Type (2019-2030)
5.1.1 Global Hydraulic Steering System Production by Type (2019-2024)
5.1.2 Global Hydraulic Steering System Production by Type (2025-2030)
5.1.3 Global Hydraulic Steering System Production Market Share by Type (2019-2030)
5.2 Global Hydraulic Steering System Production Value by Type (2019-2030)
5.2.1 Global Hydraulic Steering System Production Value by Type (2019-2024)
5.2.2 Global Hydraulic Steering System Production Value by Type (2025-2030)
5.2.3 Global Hydraulic Steering System Production Value Market Share by Type (2019-2030)
5.3 Global Hydraulic Steering System Price by Type (2019-2030)
6 Segment by Application
6.1 Global Hydraulic Steering System Production by Application (2019-2030)
6.1.1 Global Hydraulic Steering System Production by Application (2019-2024)
6.1.2 Global Hydraulic Steering System Production by Application (2025-2030)
6.1.3 Global Hydraulic Steering System Production Market Share by Application (2019-2030)
6.2 Global Hydraulic Steering System Production Value by Application (2019-2030)
6.2.1 Global Hydraulic Steering System Production Value by Application (2019-2024)
6.2.2 Global Hydraulic Steering System Production Value by Application (2025-2030)
6.2.3 Global Hydraulic Steering System Production Value Market Share by Application (2019-2030)
6.3 Global Hydraulic Steering System Price by Application (2019-2030)
7 Key Companies Profiled
7.1 ZF Friedrichshafen
7.1.1 ZF Friedrichshafen Hydraulic Steering System Corporation Information
7.1.2 ZF Friedrichshafen Hydraulic Steering System Product Portfolio
7.1.3 ZF Friedrichshafen Hydraulic Steering System Production, Value, Price and Gross Margin (2019-2024)
7.1.4 ZF Friedrichshafen Main Business and Markets Served
7.1.5 ZF Friedrichshafen Recent Developments/Updates
7.2 GKN
7.2.1 GKN Hydraulic Steering System Corporation Information
7.2.2 GKN Hydraulic Steering System Product Portfolio
7.2.3 GKN Hydraulic Steering System Production, Value, Price and Gross Margin (2019-2024)
7.2.4 GKN Main Business and Markets Served
7.2.5 GKN Recent Developments/Updates
7.3 Nexteer Automotive
7.3.1 Nexteer Automotive Hydraulic Steering System Corporation Information
7.3.2 Nexteer Automotive Hydraulic Steering System Product Portfolio
7.3.3 Nexteer Automotive Hydraulic Steering System Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Nexteer Automotive Main Business and Markets Served
7.3.5 Nexteer Automotive Recent Developments/Updates
7.4 ThyssenKrupp
7.4.1 ThyssenKrupp Hydraulic Steering System Corporation Information
7.4.2 ThyssenKrupp Hydraulic Steering System Product Portfolio
7.4.3 ThyssenKrupp Hydraulic Steering System Production, Value, Price and Gross Margin (2019-2024)
7.4.4 ThyssenKrupp Main Business and Markets Served
7.4.5 ThyssenKrupp Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Hydraulic Steering System Industry Chain Analysis
8.2 Hydraulic Steering System Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Hydraulic Steering System Production Mode & Process
8.4 Hydraulic Steering System Sales and Marketing
8.4.1 Hydraulic Steering System Sales Channels
8.4.2 Hydraulic Steering System Distributors
8.5 Hydraulic Steering System Customers
9 Hydraulic Steering System Market Dynamics
9.1 Hydraulic Steering System Industry Trends
9.2 Hydraulic Steering System Market Drivers
9.3 Hydraulic Steering System Market Challenges
9.4 Hydraulic Steering System Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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