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Global Medium and Heavy-duty Truck Steering System Market Research Report 2025
Synopsis
Medium and Heavy-duty Truck Steering System refers to a series of devices used to change or maintain the direction of the truck; its function is to control the direction according to the driver’s aim.
The global Medium and Heavy-duty Truck Steering System market was valued at US$ 1948 million in 2023 and is anticipated to reach US$ 2272.7 million by 2030, witnessing a CAGR of 2.2% during the forecast period 2024-2030.
Geographically, the global Medium and Heavy-duty Truck Steering System market have been segmented into North America, Europe, Asia-Pacific, South America, Middle East & Africa. The Asia-Pacific held the largest share in the global market, which accounts for over 77%.
The leading manufacturers mainly are Bosch, ZF, Nexteer, RH Sheppard (Knorr-Bremse), Hitachi (Knorr-Bremse), CAAS, JTEKT, Mando, etc.
There are mainly three types of product of Medium and Heavy-duty Truck Steering System market: Hydraulic Power Steering, Electric Power Steering, Electro-Hydraulic Power Steering. Hydraulic Power Steering accounted for a share about 55% in the global Medium and Heavy-duty Truck Steering System market. And in terms of application, it is widely used in Heavy- Duty Truck, next is Medium-Duty Truck.
This report aims to provide a comprehensive presentation of the global market for Medium and Heavy-duty Truck 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 Medium and Heavy-duty Truck Steering System.
Report Scope
The Medium and Heavy-duty Truck 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 Medium and Heavy-duty Truck 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 Medium and Heavy-duty Truck 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
Robert Bosch GmbH
ZF
Nexteer
RH Sheppard Co., Inc
Hitachi
CAAS
JTEKT
Mando
Segment by Type
Hydraulic Power Steering
Electric Power Steering
Electro-Hydraulic Power Steering
Segment by Application
Heavy-Duty Truck
Medium-Duty Truck
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
United States
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 Medium and Heavy-duty Truck 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 Medium and Heavy-duty Truck 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 Medium and Heavy-duty Truck 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.
Medium and Heavy-duty Truck Steering System refers to a series of devices used to change or maintain the direction of the truck; its function is to control the direction according to the driver’s aim.
The global Medium and Heavy-duty Truck Steering System market was valued at US$ 1948 million in 2023 and is anticipated to reach US$ 2272.7 million by 2030, witnessing a CAGR of 2.2% during the forecast period 2024-2030.
Geographically, the global Medium and Heavy-duty Truck Steering System market have been segmented into North America, Europe, Asia-Pacific, South America, Middle East & Africa. The Asia-Pacific held the largest share in the global market, which accounts for over 77%.
The leading manufacturers mainly are Bosch, ZF, Nexteer, RH Sheppard (Knorr-Bremse), Hitachi (Knorr-Bremse), CAAS, JTEKT, Mando, etc.
There are mainly three types of product of Medium and Heavy-duty Truck Steering System market: Hydraulic Power Steering, Electric Power Steering, Electro-Hydraulic Power Steering. Hydraulic Power Steering accounted for a share about 55% in the global Medium and Heavy-duty Truck Steering System market. And in terms of application, it is widely used in Heavy- Duty Truck, next is Medium-Duty Truck.
This report aims to provide a comprehensive presentation of the global market for Medium and Heavy-duty Truck 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 Medium and Heavy-duty Truck Steering System.
Report Scope
The Medium and Heavy-duty Truck 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 Medium and Heavy-duty Truck 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 Medium and Heavy-duty Truck 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
Robert Bosch GmbH
ZF
Nexteer
RH Sheppard Co., Inc
Hitachi
CAAS
JTEKT
Mando
Segment by Type
Hydraulic Power Steering
Electric Power Steering
Electro-Hydraulic Power Steering
Segment by Application
Heavy-Duty Truck
Medium-Duty Truck
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
United States
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 Medium and Heavy-duty Truck 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 Medium and Heavy-duty Truck 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 Medium and Heavy-duty Truck 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 Medium and Heavy-duty Truck Steering System Market Overview
1.1 Product Definition
1.2 Medium and Heavy-duty Truck Steering System Segment by Type
1.2.1 Global Medium and Heavy-duty Truck Steering System Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Hydraulic Power Steering
1.2.3 Electric Power Steering
1.2.4 Electro-Hydraulic Power Steering
1.3 Medium and Heavy-duty Truck Steering System Segment by Application
1.3.1 Global Medium and Heavy-duty Truck Steering System Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Heavy-Duty Truck
1.3.3 Medium-Duty Truck
1.4 Global Market Growth Prospects
1.4.1 Global Medium and Heavy-duty Truck Steering System Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Medium and Heavy-duty Truck Steering System Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Medium and Heavy-duty Truck Steering System Production Estimates and Forecasts (2019-2030)
1.4.4 Global Medium and Heavy-duty Truck Steering System Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Medium and Heavy-duty Truck Steering System Production Market Share by Manufacturers (2019-2024)
2.2 Global Medium and Heavy-duty Truck Steering System Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Medium and Heavy-duty Truck Steering System, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Medium and Heavy-duty Truck Steering System Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Medium and Heavy-duty Truck Steering System Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Medium and Heavy-duty Truck Steering System, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Medium and Heavy-duty Truck Steering System, Product Offered and Application
2.8 Global Key Manufacturers of Medium and Heavy-duty Truck Steering System, Date of Enter into This Industry
2.9 Medium and Heavy-duty Truck Steering System Market Competitive Situation and Trends
2.9.1 Medium and Heavy-duty Truck Steering System Market Concentration Rate
2.9.2 Global 5 and 10 Largest Medium and Heavy-duty Truck Steering System Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Medium and Heavy-duty Truck Steering System Production by Region
3.1 Global Medium and Heavy-duty Truck Steering System Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Medium and Heavy-duty Truck Steering System Production Value by Region (2019-2030)
3.2.1 Global Medium and Heavy-duty Truck Steering System Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Medium and Heavy-duty Truck Steering System by Region (2025-2030)
3.3 Global Medium and Heavy-duty Truck Steering System Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Medium and Heavy-duty Truck Steering System Production by Region (2019-2030)
3.4.1 Global Medium and Heavy-duty Truck Steering System Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Medium and Heavy-duty Truck Steering System by Region (2025-2030)
3.5 Global Medium and Heavy-duty Truck Steering System Market Price Analysis by Region (2019-2024)
3.6 Global Medium and Heavy-duty Truck Steering System Production and Value, Year-over-Year Growth
3.6.1 North America Medium and Heavy-duty Truck Steering System Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Medium and Heavy-duty Truck Steering System Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Medium and Heavy-duty Truck Steering System Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Medium and Heavy-duty Truck Steering System Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Medium and Heavy-duty Truck Steering System Production Value Estimates and Forecasts (2019-2030)
4 Medium and Heavy-duty Truck Steering System Consumption by Region
4.1 Global Medium and Heavy-duty Truck Steering System Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Medium and Heavy-duty Truck Steering System Consumption by Region (2019-2030)
4.2.1 Global Medium and Heavy-duty Truck Steering System Consumption by Region (2019-2024)
4.2.2 Global Medium and Heavy-duty Truck Steering System Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Medium and Heavy-duty Truck Steering System Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Medium and Heavy-duty Truck Steering System Consumption by Country (2019-2030)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Medium and Heavy-duty Truck Steering System Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Medium and Heavy-duty Truck 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 Medium and Heavy-duty Truck Steering System Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Medium and Heavy-duty Truck 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 Medium and Heavy-duty Truck Steering System Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Medium and Heavy-duty Truck Steering System Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Medium and Heavy-duty Truck Steering System Production by Type (2019-2030)
5.1.1 Global Medium and Heavy-duty Truck Steering System Production by Type (2019-2024)
5.1.2 Global Medium and Heavy-duty Truck Steering System Production by Type (2025-2030)
5.1.3 Global Medium and Heavy-duty Truck Steering System Production Market Share by Type (2019-2030)
5.2 Global Medium and Heavy-duty Truck Steering System Production Value by Type (2019-2030)
5.2.1 Global Medium and Heavy-duty Truck Steering System Production Value by Type (2019-2024)
5.2.2 Global Medium and Heavy-duty Truck Steering System Production Value by Type (2025-2030)
5.2.3 Global Medium and Heavy-duty Truck Steering System Production Value Market Share by Type (2019-2030)
5.3 Global Medium and Heavy-duty Truck Steering System Price by Type (2019-2030)
6 Segment by Application
6.1 Global Medium and Heavy-duty Truck Steering System Production by Application (2019-2030)
6.1.1 Global Medium and Heavy-duty Truck Steering System Production by Application (2019-2024)
6.1.2 Global Medium and Heavy-duty Truck Steering System Production by Application (2025-2030)
6.1.3 Global Medium and Heavy-duty Truck Steering System Production Market Share by Application (2019-2030)
6.2 Global Medium and Heavy-duty Truck Steering System Production Value by Application (2019-2030)
6.2.1 Global Medium and Heavy-duty Truck Steering System Production Value by Application (2019-2024)
6.2.2 Global Medium and Heavy-duty Truck Steering System Production Value by Application (2025-2030)
6.2.3 Global Medium and Heavy-duty Truck Steering System Production Value Market Share by Application (2019-2030)
6.3 Global Medium and Heavy-duty Truck Steering System Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Robert Bosch GmbH
7.1.1 Robert Bosch GmbH Medium and Heavy-duty Truck Steering System Corporation Information
7.1.2 Robert Bosch GmbH Medium and Heavy-duty Truck Steering System Product Portfolio
7.1.3 Robert Bosch GmbH Medium and Heavy-duty Truck Steering System Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Robert Bosch GmbH Main Business and Markets Served
7.1.5 Robert Bosch GmbH Recent Developments/Updates
7.2 ZF
7.2.1 ZF Medium and Heavy-duty Truck Steering System Corporation Information
7.2.2 ZF Medium and Heavy-duty Truck Steering System Product Portfolio
7.2.3 ZF Medium and Heavy-duty Truck Steering System Production, Value, Price and Gross Margin (2019-2024)
7.2.4 ZF Main Business and Markets Served
7.2.5 ZF Recent Developments/Updates
7.3 Nexteer
7.3.1 Nexteer Medium and Heavy-duty Truck Steering System Corporation Information
7.3.2 Nexteer Medium and Heavy-duty Truck Steering System Product Portfolio
7.3.3 Nexteer Medium and Heavy-duty Truck Steering System Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Nexteer Main Business and Markets Served
7.3.5 Nexteer Recent Developments/Updates
7.4 RH Sheppard Co., Inc
7.4.1 RH Sheppard Co., Inc Medium and Heavy-duty Truck Steering System Corporation Information
7.4.2 RH Sheppard Co., Inc Medium and Heavy-duty Truck Steering System Product Portfolio
7.4.3 RH Sheppard Co., Inc Medium and Heavy-duty Truck Steering System Production, Value, Price and Gross Margin (2019-2024)
7.4.4 RH Sheppard Co., Inc Main Business and Markets Served
7.4.5 RH Sheppard Co., Inc Recent Developments/Updates
7.5 Hitachi
7.5.1 Hitachi Medium and Heavy-duty Truck Steering System Corporation Information
7.5.2 Hitachi Medium and Heavy-duty Truck Steering System Product Portfolio
7.5.3 Hitachi Medium and Heavy-duty Truck Steering System Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Hitachi Main Business and Markets Served
7.5.5 Hitachi Recent Developments/Updates
7.6 CAAS
7.6.1 CAAS Medium and Heavy-duty Truck Steering System Corporation Information
7.6.2 CAAS Medium and Heavy-duty Truck Steering System Product Portfolio
7.6.3 CAAS Medium and Heavy-duty Truck Steering System Production, Value, Price and Gross Margin (2019-2024)
7.6.4 CAAS Main Business and Markets Served
7.6.5 CAAS Recent Developments/Updates
7.7 JTEKT
7.7.1 JTEKT Medium and Heavy-duty Truck Steering System Corporation Information
7.7.2 JTEKT Medium and Heavy-duty Truck Steering System Product Portfolio
7.7.3 JTEKT Medium and Heavy-duty Truck Steering System Production, Value, Price and Gross Margin (2019-2024)
7.7.4 JTEKT Main Business and Markets Served
7.7.5 JTEKT Recent Developments/Updates
7.8 Mando
7.8.1 Mando Medium and Heavy-duty Truck Steering System Corporation Information
7.8.2 Mando Medium and Heavy-duty Truck Steering System Product Portfolio
7.8.3 Mando Medium and Heavy-duty Truck Steering System Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Mando Main Business and Markets Served
7.7.5 Mando Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Medium and Heavy-duty Truck Steering System Industry Chain Analysis
8.2 Medium and Heavy-duty Truck Steering System Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Medium and Heavy-duty Truck Steering System Production Mode & Process
8.4 Medium and Heavy-duty Truck Steering System Sales and Marketing
8.4.1 Medium and Heavy-duty Truck Steering System Sales Channels
8.4.2 Medium and Heavy-duty Truck Steering System Distributors
8.5 Medium and Heavy-duty Truck Steering System Customers
9 Medium and Heavy-duty Truck Steering System Market Dynamics
9.1 Medium and Heavy-duty Truck Steering System Industry Trends
9.2 Medium and Heavy-duty Truck Steering System Market Drivers
9.3 Medium and Heavy-duty Truck Steering System Market Challenges
9.4 Medium and Heavy-duty Truck 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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