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Hydraulic Steering System-Global Market Insights and Sales Trends 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 size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Hydraulic Steering System in various end use industries. The expanding demands from the Passenger Vehicle, Light Commercial Vehicle and Heavy Commercial Vehicle,, are propelling Hydraulic Steering System market. Hydraulic Helm Pump, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Hydraulic Cylinder segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Hydraulic Steering System, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Hydraulic Steering System market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Hydraulic Steering System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Hydraulic Steering System sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Hydraulic Steering System covered in this report include ZF Friedrichshafen, GKN, Nexteer Automotive and ThyssenKrupp, etc.
The global Hydraulic Steering System market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ZF Friedrichshafen
GKN
Nexteer Automotive
ThyssenKrupp
Global Hydraulic Steering System market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Hydraulic Steering System market, Segment by Type:
Hydraulic Helm Pump
Hydraulic Cylinder
Rigid or Flexible Hoses
Others
Global Hydraulic Steering System market, by Application
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Hydraulic Steering System manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Hydraulic Steering System in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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 size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Hydraulic Steering System in various end use industries. The expanding demands from the Passenger Vehicle, Light Commercial Vehicle and Heavy Commercial Vehicle,, are propelling Hydraulic Steering System market. Hydraulic Helm Pump, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Hydraulic Cylinder segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Hydraulic Steering System, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Hydraulic Steering System market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Hydraulic Steering System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Hydraulic Steering System sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Hydraulic Steering System covered in this report include ZF Friedrichshafen, GKN, Nexteer Automotive and ThyssenKrupp, etc.
The global Hydraulic Steering System market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ZF Friedrichshafen
GKN
Nexteer Automotive
ThyssenKrupp
Global Hydraulic Steering System market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Hydraulic Steering System market, Segment by Type:
Hydraulic Helm Pump
Hydraulic Cylinder
Rigid or Flexible Hoses
Others
Global Hydraulic Steering System market, by Application
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Hydraulic Steering System manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Hydraulic Steering System in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Hydraulic Steering System Market Overview
1.1 Hydraulic Steering System Product Overview
1.2 Hydraulic Steering System Market Segment by Type
1.2.1 Hydraulic Helm Pump
1.2.2 Hydraulic Cylinder
1.2.3 Rigid or Flexible Hoses
1.2.4 Others
1.3 Global Hydraulic Steering System Market Size by Type
1.3.1 Global Hydraulic Steering System Market Size Overview by Type (2018-2029)
1.3.2 Global Hydraulic Steering System Historic Market Size Review by Type (2018-2023)
1.3.3 Global Hydraulic Steering System Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Hydraulic Steering System Sales Breakdown by Type (2018-2023)
1.4.2 Europe Hydraulic Steering System Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Hydraulic Steering System Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Hydraulic Steering System Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Hydraulic Steering System Sales Breakdown by Type (2018-2023)
2 Global Hydraulic Steering System Market Competition by Company
2.1 Global Top Players by Hydraulic Steering System Sales (2018-2023)
2.2 Global Top Players by Hydraulic Steering System Revenue (2018-2023)
2.3 Global Top Players by Hydraulic Steering System Price (2018-2023)
2.4 Global Top Manufacturers Hydraulic Steering System Manufacturing Base Distribution, Sales Area, Product Type
2.5 Hydraulic Steering System Market Competitive Situation and Trends
2.5.1 Hydraulic Steering System Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Hydraulic Steering System Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Hydraulic Steering System as of 2022)
2.7 Date of Key Manufacturers Enter into Hydraulic Steering System Market
2.8 Key Manufacturers Hydraulic Steering System Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Hydraulic Steering System Status and Outlook by Region
3.1 Global Hydraulic Steering System Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Hydraulic Steering System Historic Market Size by Region
3.2.1 Global Hydraulic Steering System Sales in Volume by Region (2018-2023)
3.2.2 Global Hydraulic Steering System Sales in Value by Region (2018-2023)
3.2.3 Global Hydraulic Steering System Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Hydraulic Steering System Forecasted Market Size by Region
3.3.1 Global Hydraulic Steering System Sales in Volume by Region (2024-2029)
3.3.2 Global Hydraulic Steering System Sales in Value by Region (2024-2029)
3.3.3 Global Hydraulic Steering System Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Hydraulic Steering System by Application
4.1 Hydraulic Steering System Market Segment by Application
4.1.1 Passenger Vehicle
4.1.2 Light Commercial Vehicle
4.1.3 Heavy Commercial Vehicle
4.2 Global Hydraulic Steering System Market Size by Application
4.2.1 Global Hydraulic Steering System Market Size Overview by Application (2018-2029)
4.2.2 Global Hydraulic Steering System Historic Market Size Review by Application (2018-2023)
4.2.3 Global Hydraulic Steering System Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Hydraulic Steering System Sales Breakdown by Application (2018-2023)
4.3.2 Europe Hydraulic Steering System Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Hydraulic Steering System Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Hydraulic Steering System Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Hydraulic Steering System Sales Breakdown by Application (2018-2023)
5 North America Hydraulic Steering System by Country
5.1 North America Hydraulic Steering System Historic Market Size by Country
5.1.1 North America Hydraulic Steering System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Hydraulic Steering System Sales in Volume by Country (2018-2023)
5.1.3 North America Hydraulic Steering System Sales in Value by Country (2018-2023)
5.2 North America Hydraulic Steering System Forecasted Market Size by Country
5.2.1 North America Hydraulic Steering System Sales in Volume by Country (2024-2029)
5.2.2 North America Hydraulic Steering System Sales in Value by Country (2024-2029)
6 Europe Hydraulic Steering System by Country
6.1 Europe Hydraulic Steering System Historic Market Size by Country
6.1.1 Europe Hydraulic Steering System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Hydraulic Steering System Sales in Volume by Country (2018-2023)
6.1.3 Europe Hydraulic Steering System Sales in Value by Country (2018-2023)
6.2 Europe Hydraulic Steering System Forecasted Market Size by Country
6.2.1 Europe Hydraulic Steering System Sales in Volume by Country (2024-2029)
6.2.2 Europe Hydraulic Steering System Sales in Value by Country (2024-2029)
7 Asia-Pacific Hydraulic Steering System by Region
7.1 Asia-Pacific Hydraulic Steering System Historic Market Size by Region
7.1.1 Asia-Pacific Hydraulic Steering System Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Hydraulic Steering System Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Hydraulic Steering System Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Hydraulic Steering System Forecasted Market Size by Region
7.2.1 Asia-Pacific Hydraulic Steering System Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Hydraulic Steering System Sales in Value by Region (2024-2029)
8 Latin America Hydraulic Steering System by Country
8.1 Latin America Hydraulic Steering System Historic Market Size by Country
8.1.1 Latin America Hydraulic Steering System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Hydraulic Steering System Sales in Volume by Country (2018-2023)
8.1.3 Latin America Hydraulic Steering System Sales in Value by Country (2018-2023)
8.2 Latin America Hydraulic Steering System Forecasted Market Size by Country
8.2.1 Latin America Hydraulic Steering System Sales in Volume by Country (2024-2029)
8.2.2 Latin America Hydraulic Steering System Sales in Value by Country (2024-2029)
9 Middle East and Africa Hydraulic Steering System by Country
9.1 Middle East and Africa Hydraulic Steering System Historic Market Size by Country
9.1.1 Middle East and Africa Hydraulic Steering System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Hydraulic Steering System Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Hydraulic Steering System Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Hydraulic Steering System Forecasted Market Size by Country
9.2.1 Middle East and Africa Hydraulic Steering System Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Hydraulic Steering System Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ZF Friedrichshafen
10.1.1 ZF Friedrichshafen Company Information
10.1.2 ZF Friedrichshafen Introduction and Business Overview
10.1.3 ZF Friedrichshafen Hydraulic Steering System Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ZF Friedrichshafen Hydraulic Steering System Products Offered
10.1.5 ZF Friedrichshafen Recent Development
10.2 GKN
10.2.1 GKN Company Information
10.2.2 GKN Introduction and Business Overview
10.2.3 GKN Hydraulic Steering System Sales, Revenue and Gross Margin (2018-2023)
10.2.4 GKN Hydraulic Steering System Products Offered
10.2.5 GKN Recent Development
10.3 Nexteer Automotive
10.3.1 Nexteer Automotive Company Information
10.3.2 Nexteer Automotive Introduction and Business Overview
10.3.3 Nexteer Automotive Hydraulic Steering System Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Nexteer Automotive Hydraulic Steering System Products Offered
10.3.5 Nexteer Automotive Recent Development
10.4 ThyssenKrupp
10.4.1 ThyssenKrupp Company Information
10.4.2 ThyssenKrupp Introduction and Business Overview
10.4.3 ThyssenKrupp Hydraulic Steering System Sales, Revenue and Gross Margin (2018-2023)
10.4.4 ThyssenKrupp Hydraulic Steering System Products Offered
10.4.5 ThyssenKrupp Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Hydraulic Steering System Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Hydraulic Steering System Industrial Chain Analysis
11.4 Hydraulic Steering System Market Dynamics
11.4.1 Hydraulic Steering System Industry Trends
11.4.2 Hydraulic Steering System Market Drivers
11.4.3 Hydraulic Steering System Market Challenges
11.4.4 Hydraulic Steering System Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Hydraulic Steering System Distributors
12.3 Hydraulic Steering System Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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