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中型和重型商用車動力轉向市場 - 2018-2028 年全球行業規模、佔有率、趨勢、機會和預測（按機制、按組件、按地區、競爭）

Medium & Heavy Commercial Vehicle Power Steering Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 By Mechanism, By Component, By Region, Competition
出版日期: | 出版商: TechSci Research | 英文 180 Pages | 商品交期: 2-3個工作天內

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簡介目錄

到2022 年，全球中型和重型商用車動力轉向市場價值將達到70 億美元，預計到2028 年預測期內將實現強勁成長，年複合成長率為8.8%。中型和重型商用車(M&HCV) 動力轉向市場全球汽車工業的重要組成部分，提供必要的系統，確保大型商用車輛（包括卡車、巴士和其他重型運輸車輛）安全、高效和易於管理的運作。動力轉向系統在增強駕駛員控制、機動性和車輛整體安全性方面發揮關鍵作用，特別是對於設計用於長距離承載大量有效載荷的車輛。

主要市場促進因素

法規遵從性和安全標準

市場概況
預測期 2024-2028
2022 年市場規模 70億美元
2028 年市場規模 115.2億美元
2023-2028 年年複合成長率 8.80%
成長最快的細分市場 液壓動力方向機系統
最大的市場 亞太

M&HCV 動力轉向市場的主要驅動力是管理車輛安全和排放的嚴格監管環境。世界各國政府正在實施越來越嚴格的安全標準，以減少事故並提高道路安全。這些法規通常要求在商用車中涵蓋先進駕駛輔助系統(ADAS)，該系統的功能很大程度上依賴於精確且響應靈敏的動力轉向系統。除了安全標準外，環境法規也正在推動製造商提高燃油效率並減少排放。遵守這些標準通常需要採用電動輔助轉向 (EPS) 系統，與傳統液壓系統相比，該系統更節能。對符合這些法規的動力轉向系統的需求是 M&HCV 市場的重要推動力，因為製造商正在尋求幫助他們同時滿足安全和排放標準的解決方案。

目錄

第 1 章：簡介

  • 產品概述
  • 報告的主要亮點
  • 市場覆蓋範圍
  • 涵蓋的細分市場
  • 考慮研究任期

第 2 章：研究方法

  • 研究目的
  • 基線方法
  • 主要產業夥伴
  • 主要協會和二手資料來源
  • 預測方法
  • 數據三角測量與驗證
  • 假設和限制

第 3 章：執行摘要

  • 市場概況
  • 市場預測
  • 重點地區
  • 關鍵環節

第 4 章：COVID-19 對全球中型和重型商用車動力轉向市場的影響

第 5 章：全球中型和重型商用車動力轉向市場展望

  • 市場規模及預測
    • 按價值
    • 依體積
  • 市佔率及預測
    • 依機構市佔率分析（電子輔助轉向器（EPS）、液壓式輔助轉向器（HPS）和電液輔助轉向器）
    • 依組件（液壓幫浦、感測器、馬達等）
    • 按區域市佔率分析
    • 按公司市佔率分析（前 5 名公司，其他 - 按價值，2022 年）
  • 全球中型和重型商用車動力轉向市場地圖與機會評估
    • 按機制市場測繪和機會評估
    • 按組件市場測繪和機會評估
    • 透過區域市場測繪和機會評估

第 6 章：北美中型和重型商用車動力轉向市場展望

  • 市場規模及預測
    • 按價值
    • 依體積
  • 市佔率及預測
    • 按機制市佔率分析
    • 按零件市場佔有率分析
    • 按國家市佔率分析
  • 北美：國家分析
    • 美國
    • 加拿大
    • 墨西哥

第 7 章：歐洲中型與重型商用車動力轉向市場展望

  • 市場規模及預測
    • 按價值
    • 依體積
  • 市佔率及預測
    • 按機制市佔率分析
    • 按零件市場佔有率分析
    • 按國家市佔率分析
  • 歐洲：國家分析
    • 德國
    • 英國
    • 義大利
    • 法國
    • 西班牙

第 8 章：亞太中重型商用車動力轉向市場展望

  • 市場規模及預測
    • 按價值
    • 依體積
  • 市佔率及預測
    • 按機制市佔率分析
    • 按零件市場佔有率分析
    • 按國家市佔率分析
  • 亞太地區：國家分析
    • 中國
    • 印度
    • 日本
    • 韓國
    • 澳洲

第 9 章：南美洲中型和重型商用車動力轉向市場展望

  • 市場規模及預測
    • 按價值
    • 依體積
  • 市佔率及預測
    • 按機制市佔率分析
    • 按零件市場佔有率分析
    • 按國家市佔率分析
  • 南美洲：國家分析
    • 巴西
    • 阿根廷
    • 哥倫比亞

第 10 章：中東和非洲中重型商用車動力轉向市場展望

  • 市場規模及預測
    • 按價值
    • 依體積
  • 市佔率及預測
    • 按機制市佔率分析
    • 按零件市場佔有率分析
    • 按國家市佔率分析
  • 中東和非洲：國家分析
    • 南非中型和重型商用車動力轉向系統
    • 沙烏地阿拉伯中型和重型商用車動力轉向系統
    • 阿拉伯聯合大公國中型和重型商用車動力轉向系統

第 11 章：SWOT 分析

  • 力量
  • 弱點
  • 機會
  • 威脅

第 12 章：市場動態

  • 市場促進因素
  • 市場挑戰

第 13 章：市場趨勢與發展

第14章：競爭格局

  • 公司簡介（最多10家主要公司）
    • Showa Corporation
      • 公司詳情
      • 提供的主要產品
      • 財務（根據可用性）
      • 最近的發展
      • 主要管理人員
    • Nexteer Automotive Corporation
      • 公司詳情
      • 提供的主要產品
      • 財務（根據可用性）
      • 最近的發展
      • 主要管理人員
    • NSK Ltd
      • 公司詳情
      • 提供的主要產品
      • 財務（根據可用性）
      • 最近的發展
      • 主要管理人員
    • JTEKT Corporation
      • 公司詳情
      • 提供的主要產品
      • 財務（根據可用性）
      • 最近的發展
      • 主要管理人員
    • Robert Bosch GmbH
      • 公司詳情
      • 提供的主要產品
      • 財務（根據可用性）
      • 最近的發展
      • 主要管理人員
    • Mando Corporation
      • 公司詳情
      • 提供的主要產品
      • 財務（根據可用性）
      • 最近的發展
      • 主要管理人員
    • Sona Corporation
      • 公司詳情
      • 提供的主要產品
      • 財務（根據可用性）
      • 最近的發展
      • 主要管理人員
    • ZF Friedrichshafen AG
      • 公司詳情
      • 提供的主要產品
      • 財務（根據可用性）
      • 最近的發展
      • 主要管理人員
    • Hitachi Automotive Systems Limited
      • 公司詳情
      • 提供的主要產品
      • 財務（根據可用性）
      • 最近的發展
      • 主要管理人員

第 15 章：策略建議

  • 重點關注領域
    • 目標地區
    • 機制目標
    • 按組件確定目標

第 16 章：關於我們與免責聲明

簡介目錄
Product Code: 16620

Global Medium & Heavy Commercial Vehicle Power Steering Market has valued at USD 7 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 8.8% through 2028. The medium and heavy commercial vehicle (M&HCV) Power Steering market is a critical component of the global automotive industry, providing essential systems that ensure safe, efficient, and manageable operations of large commercial vehicles, including trucks, buses, and other heavy-duty transport vehicles. Power Steering plays a pivotal role in enhancing driver control, maneuverability, and overall vehicle safety, especially in vehicles designed to carry substantial payloads over long distances.

Key Market Drivers

Regulatory Compliance and Safety Standards

Market Overview
Forecast Period2024-2028
Market Size 2022USD 7 Billion
Market Size 2028USD 11.52 Billion
CAGR 2023-20288.80%
Fastest Growing SegmentHydraulic Power Steering
Largest MarketAsia-Pacific

A primary driver in the M&HCV Power Steering market is the stringent regulatory landscape governing vehicle safety and emissions. Governments worldwide are implementing increasingly strict safety standards to reduce accidents and enhance road safety. These regulations often require the incorporation of advanced driver assistance systems (ADAS) in commercial vehicles, which rely heavily on precise and responsive Power Steering for their functionality. In addition to safety standards, environmental regulations are pushing manufacturers to improve fuel efficiency and reduce emissions. Compliance with these standards often requires the adoption of electric Power Steering (EPS) systems, which are more energy-efficient compared to traditional hydraulic systems. The demand for Power Steering systems that align with these regulations is a significant driver in the M&HCV market, as manufacturers seek solutions that help them meet safety and emissions standards simultaneously.

Electrification and Hybridization of Commercial Vehicles

The broader trend of vehicle electrification and hybridization is a major driver for the M&HCV Power Steering market. As the world moves towards a more sustainable transportation future, electric and hybrid commercial vehicles are becoming increasingly common. Electric Power Steering (EPS) is particularly well-suited for these vehicles, as it aligns with their energy efficiency and electrified drivetrains. The adoption of electric and hybrid M&HCVs is driven by various factors, including government incentives, environmental consciousness, and the desire to reduce operational costs. These vehicles often require Power Steering systems tailored to their specific needs, presenting a growth opportunity for Power Steering manufacturers to develop and supply systems optimized for electric and hybrid commercial vehicles.

Vehicle Weight and Payload Considerations

Commercial vehicles, especially in the medium and heavy segments, are designed to transport substantial payloads. The weight of the cargo and the vehicle itself can place immense strain on Power Steering systems, making durability and reliability critical factors for M&HCV Power Steering. Manufacturers and operators seek Power Steering systems that can withstand the heavy-duty demands of these vehicles, making durability and load-bearing capacity important market drivers. Efficiency is also a key consideration, as every ounce of energy saved in Power Steering contributes to better fuel efficiency and lower operating costs. As such, the demand for Power Steering systems that can handle heavy payloads while remaining efficient is a driving force in this market, prompting innovations in Power Steering technology.

Integration with Advanced Driver Assistance Systems (ADAS)

The growing integration of advanced driver assistance systems (ADAS) into commercial vehicles is another significant driver in the M&HCV Power Steering market. ADAS features, such as lane-keeping assist, adaptive cruise control, and collision avoidance systems, rely on Power Steering for precise control and maneuverability. These systems enhance vehicle safety by providing assistance to drivers in various situations, making them invaluable in the context of large and heavy vehicles. The incorporation of ADAS technologies into M&HCVs is driven by several factors. Firstly, it aligns with increasingly stringent safety regulations worldwide, compelling manufacturers to equip their vehicles with advanced safety features. Secondly, it addresses the industry's growing emphasis on reducing accidents and improving road safety. As a result, the demand for Power Steering systems that seamlessly interface with ADAS functionalities is on the rise, pushing manufacturers to develop systems with enhanced electronic control units (ECUs) and software algorithms that support ADAS features effectively.

Market Demand for Fuel Efficiency and Sustainability

The market's increasing demand for fuel efficiency and sustainability is a driving force behind the adoption of electric Power Steering (EPS) in M&HCVs. Reducing fuel consumption and emissions has become a top priority for commercial vehicle operators and manufacturers, driven by both environmental concerns and the desire to cut operational costs. EPS systems, with their energy-efficient design that only consume power when steering assistance is needed, contribute significantly to fuel savings. Manufacturers are increasingly incorporating EPS into M&HCVs to meet these demands, aligning with sustainability goals and regulatory requirements. This trend emphasizes the importance of offering Power Steering systems that enhance fuel efficiency and sustainability while maintaining the robustness required for commercial vehicles.

Key Market Challenges

Regulatory Compliance and Safety Standards

Meeting stringent regulatory requirements and safety standards is a central challenge for the M&HCV Power Steering market. Governments worldwide are implementing increasingly rigorous safety regulations to reduce accidents and improve road safety. These regulations often mandate the incorporation of advanced driver assistance systems (ADAS) into commercial vehicles, systems that heavily rely on precise and responsive Power Steering for their functionality. However, ensuring that Power Steering systems meet these safety standards poses several challenges. Power Steering manufacturers must invest in research and development to develop systems that can seamlessly interface with ADAS features, such as lane-keeping assist and adaptive cruise control, while maintaining reliability and safety. The coordination between Power Steering components and ADAS sensors, such as cameras and radar systems, is complex and requires sophisticated engineering. Furthermore, the regulatory landscape can vary significantly from one region to another, adding complexity for manufacturers who must ensure that their Power Steering systems comply with different standards in various markets. The challenge lies in adapting and customizing Power Steering solutions to meet these diverse regulatory requirements without compromising vehicle safety or performance.

Increasing Vehicle Weight and Payload

Commercial vehicles, particularly in the medium and heavy segments, are designed to transport substantial payloads. The weight of cargo, coupled with the vehicle's own mass, places considerable strain on Power Steering systems. Ensuring that Power Steering systems can handle heavy loads while maintaining performance and safety is an ongoing challenge for manufacturers and operators alike. Heavy payloads can lead to increased wear and tear on Power Steering components, resulting in higher maintenance and replacement costs. Power Steering systems must be robust and durable, capable of withstanding the demanding conditions and loads encountered by M&HCVs. Balancing the need for durability with efficiency and precision in Power Steering systems is a delicate engineering challenge. Efficiency is also a key consideration, as every ounce of energy saved in Power Steering contributes to better fuel efficiency and lower operating costs. As a result, Power Steering manufacturers face the challenge of developing systems that can handle heavy payloads while remaining efficient, striking a delicate balance between load-bearing capacity and energy conservation.

Technological Complexity and Maintenance

The increasing technological complexity of Power Steering systems is another challenge facing the M&HCV Power Steering market. Modern Power Steering systems, including electric Power Steering (EPS) and steer-by-wire technology, involve intricate electronic components, sensors, and software controls. While these technologies offer numerous benefits, they also pose challenges in terms of maintenance and repair. Maintenance personnel and technicians must be equipped with the knowledge and skills required to diagnose and rectify issues in these advanced systems. Keeping up with the rapid pace of technological advancements is a continuous challenge. Failure to properly maintain or repair Power Steering systems can lead to safety hazards and operational disruptions for M&HCV operators. Furthermore, the intricacies of Power Steering technology can also increase the cost of maintenance and repairs. Advanced electronic components and sensors can be costly to replace, adding to the overall ownership costs of M&HCVs. Navigating this technological complexity while keeping maintenance costs manageable is a persistent challenge for both manufacturers and operators.

Environmental Regulations and Sustainability

Compliance with evolving environmental regulations is a key challenge in the M&HCV Power Steering market. Governments worldwide are tightening emissions standards, requiring manufacturers to reduce the environmental impact of their vehicles. This has led to the adoption of electric Power Steering (EPS) systems, which are more energy-efficient and environmentally friendly compared to hydraulic systems. While EPS aligns well with sustainability goals and regulatory requirements, it presents challenges related to infrastructure and resource management. EPS systems rely on electric power, necessitating the availability of robust electrical systems and charging infrastructure. Manufacturers and operators must invest in infrastructure development to support the widespread adoption of EPS in M&HCVs. Moreover, the disposal and recycling of electronic components in Power Steering systems require careful consideration to minimize environmental impact. The challenge lies in developing eco-friendly disposal and recycling practices for Power Steering components and addressing the environmental footprint associated with manufacturing and maintaining these systems.

Competitive Landscape and Pricing Pressures

The M&HCV Power Steering market is highly competitive, with multiple players vying for market share. The competitive landscape can lead to price wars and aggressive marketing strategies, potentially eroding profit margins and affecting sustainability. Striking the right balance between innovation, competitiveness, and profitability in a crowded marketplace is a persistent challenge for manufacturers in the M&HCV Power Steering segment. Manufacturers must invest in research and development to stay ahead of the competition, continuously improving the performance and features of their Power Steering systems. This ongoing innovation is essential to meet evolving customer demands for safety, efficiency, and sustainability. However, the pressure to maintain competitive pricing can limit the resources available for R&D and innovation, creating a delicate balancing act for manufacturers. Furthermore, the competitive landscape extends to aftermarket services and support. Manufacturers must provide reliable and cost-effective maintenance and replacement parts to retain customer loyalty. The challenge lies in delivering high-quality aftermarket services while managing costs to remain competitive in a demanding market environment.

Key Market Trends

Electric Power Steering (EPS) Dominance

One of the most prominent trends in the M&HCV Power Steering market is the growing dominance of electric Power Steering (EPS) systems. EPS has gained significant traction due to its numerous advantages over traditional hydraulic systems. EPS is more energy-efficient, as it consumes power only when steering assistance is needed, contributing to fuel savings in large commercial vehicles. Additionally, EPS offers precise control and responsiveness, which is crucial for handling heavy loads and navigating through diverse driving conditions. As the industry places a growing emphasis on reducing emissions and enhancing fuel efficiency, manufacturers of M&HCVs are increasingly adopting EPS technology. It aligns well with sustainability goals and regulatory requirements, making it the preferred choice for many commercial vehicle manufacturers. The market is witnessing a transition away from hydraulic systems, and EPS is expected to continue its ascendancy as the primary Power Steering solution for M&HCVs.

Integration with Advanced Driver Assistance Systems (ADAS)

The integration of advanced driver assistance systems (ADAS) is another transformative trend in the M&HCV Power Steering market. ADAS features, such as lane-keeping assist, adaptive cruise control, and collision avoidance systems, rely heavily on precise and responsive Power Steering for their functionality. These systems enhance vehicle safety by providing assistance to drivers in various situations, making them particularly valuable in the context of large and heavy vehicles. The incorporation of ADAS technologies into M&HCVs is driven by several factors. Firstly, it aligns with stringent safety regulations worldwide, compelling manufacturers to equip their vehicles with advanced safety features. Secondly, it addresses the industry's growing emphasis on reducing accidents and improving road safety. As a result, the demand for Power Steering systems that seamlessly interface with ADAS functionalities is on the rise, pushing manufacturers to develop systems with enhanced electronic control units (ECUs) and software algorithms that support ADAS features effectively. This trend underscores the critical role of Power Steering in ensuring the safety and efficiency of M&HCV operations.

Electrification and Hybridization

The broader trend of vehicle electrification and hybridization is significantly impacting the M&HCV Power Steering market. Electric and hybrid M&HCVs are increasingly becoming part of the commercial vehicle landscape as manufacturers seek to reduce emissions and improve energy efficiency. Electric Power Steering (EPS) is a natural fit for these vehicles due to its energy efficiency and compatibility with electrified drivetrains. As governments worldwide implement stricter emissions standards, manufacturers are investing in electric and hybrid M&HCVs to meet regulatory requirements. This shift towards electrification opens up new opportunities for Power Steering manufacturers to develop and supply systems that cater specifically to the unique needs of electric and hybrid commercial vehicles. Whether it's optimizing EPS for electric powertrains or creating specialized Power Steering solutions for hybrid vehicles, this trend offers a significant growth avenue for the M&HCV Power Steering market.

Steer-by-Wire Technology

Steer-by-wire technology is an emerging trend that holds the potential to revolutionize the M&HCV Power Steering market. This technology eliminates the mechanical connection between the steering wheel and the wheels, replacing it with electronic controls. Steer-by-wire systems rely on sensors and actuators to translate the driver's input into steering movements, offering greater design flexibility and potential for innovation. The adoption of steer-by-wire technology is driven by several factors. Firstly, it reduces the physical footprint of the steering system, creating more space in the cabin and enhancing vehicle design options. Secondly, it enables advanced features such as automated parking and customizable steering feel, allowing drivers to tailor their driving experience. Finally, steer-by-wire systems have the potential to enhance safety by offering redundancy in steering control, which is critical for autonomous vehicles and in the event of component failures. As this trend gains momentum, manufacturers are exploring the development of steer-by-wire systems tailored to the specific needs of M&HCVs. However, it also presents challenges in terms of safety, reliability, and regulatory approval, as such systems must meet stringent standards to ensure driver and road user safety.

Connectivity and Telematics Integration

Connectivity and telematics integration are emerging as significant trends in the M&HCV Power Steering market. Commercial fleets, including M&HCVs, are increasingly equipped with telematics systems that enable real-time monitoring and data analysis of vehicle performance and driver behavior. Power Steering systems, being integral to vehicle control, are becoming part of this interconnected ecosystem. Telematics systems can collect data from Power Steering systems, providing valuable insights into vehicle usage, driver behavior, and system health. Fleet managers can use this data to optimize vehicle performance, improve fuel efficiency, and enhance maintenance practices. Additionally, Power Steering manufacturers are exploring ways to integrate telematics functionality directly into their systems, enabling remote diagnostics and predictive maintenance, which can reduce downtime and operational costs for fleet operators.

Segmental Insights

By Mechanism Analysis

Electric Power Steering Segment to Dominate-Rising Usage by Automakers will favor growth.

The automobile steering system market is further subdivided into Electric Power Steering (EPS), hydraulic Medium & Heavy Commercial Vehicle Power Steering (HPS), and electro-hydraulic Medium & Heavy Commercial Vehicle Power Steering (EHPS). The electric Power Steering category is expected to dominate the market throughout the projected period, owing to manufacturers' increased deployment of electric Power Steering in all vehicle types. Advances in electric Power Steering to steer-by-wire technology are also expected to promote market expansion in this area. Because of its widespread use in commercial vehicles, the hydraulic Power Steering category is predicted to rise rapidly in the market throughout the projection period. Because of its restricted load-bearing capability, electronic Medium & Heavy Commercial Vehicle Power Steering does not function in commercial vehicles. Furthermore, hydraulic Medium & Heavy Commercial Vehicle Power Steering is capable of absorbing road shocks. Because of its leaking, less durability, and vibration features, the manual steering category is predicted to rise steadily in the market. Steering the vehicle involves significant human effort. The electro-hydraulic Medium & Heavy Commercial Vehicle Power Steering category is predicted to increase significantly in the automotive steering market over the forecast period. When compared to conventional hydraulic Power Steering, it delivers smoother and more responsive handling.

Regional Insights

During the projected period, Asia Pacific is estimated to lead the automobile steering system market. The growing sales and production of automakers from emerging nations are likely to drive the growth of the automotive steering system market in this area. Demand for high-end luxury vehicles and rising disposable income in developing nations are also expected to drive market expansion in this area.

Europe is estimated to be the second-largest market stakeholder and to exhibit significant growth in the market throughout the projection period. Government fuel economy standards in this region have resulted in an increase in the use of fuel-efficient automobiles with an effective steering system. The global market for electric vehicles is quickly expanding. In Europe, for example, 2021 was a record year for electric car sales. European manufacturers were reluctant to enter the EV industry but rapidly established themselves as significant participants. Furthermore, some governments throughout the world have developed regulations, incentives, and initiatives to encourage the use of electric vehicles.

By 2024, electric vehicles are predicted to account for approximately 4% of new car sales and 7% of the global car fleet. With the increasing sales of electric vehicles, the deployment rate of Medium & Heavy Commercial Vehicle Power Steering systems (such as Medium & Heavy Commercial Vehicle Power Steering (EPS)) is predicted to increase throughout the projection period.

Over the projected period, North America is also predicted to see strong growth in the automobile steering system market. It is the second-largest market for hydraulic Medium & Heavy Commercial Vehicle Power Steering systems, with a few big automakers operating in both Canada and the United States. This aspect is projected to drive the market expansion of this area.

Key Market Players

Showa Corporation

Nexteer Automotive Corporation

NSK Ltd

JTEKT Corporation

Robert Bosch GmbH

Mando Corporation

Sona Corporation

ZF Friedrichshafen AG

Hitachi Automotive Systems Limited

Report Scope:

In this report, the Global Medium & Heavy Commercial Vehicle Power Steering Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Medium & Heavy Commercial Vehicle Power Steering Market, By Mechanism:

  • Electronic Power Steering (EPS)
  • Hydraulic Power Steering (HPS)
  • Electro-Hydraulic Power Steering (EHPS)

Medium & Heavy Commercial Vehicle Power Steering Market, By Component:

  • Hydraulic Pump
  • Sensors
  • Electric Motor
  • Others

Medium & Heavy Commercial Vehicle Power Steering Market, By Region:

  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

  • Company Profiles: Detailed analysis of the major companies present in the Global Medium & Heavy Commercial Vehicle Power Steering Market.

Available Customizations:

  • Global Medium & Heavy Commercial Vehicle Power Steering Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Introduction

  • 1.1. Product Overview
  • 1.2. Key Highlights of the Report
  • 1.3. Market Coverage
  • 1.4. Market Segments Covered
  • 1.5. Research Tenure Considered

2. Research Methodology

  • 2.1. Objective of the Study
  • 2.2. Baseline Methodology
  • 2.3. Key Industry Partners
  • 2.4. Major Association and Secondary Sources
  • 2.5. Forecasting Methodology
  • 2.6. Data Triangulation & Validation
  • 2.7. Assumptions and Limitations

3. Executive Summary

  • 3.1. Market Overview
  • 3.2. Market Forecast
  • 3.3. Key Regions
  • 3.4. Key Segments

4. Impact of COVID-19 on Global Medium & Heavy Commercial Vehicle Power Steering Market

5. Global Medium & Heavy Commercial Vehicle Power Steering Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
    • 5.1.2. By Volume
  • 5.2. Market Share & Forecast
    • 5.2.1. By Mechanism Market Share Analysis (Electronic Power Steering (EPS), Hydraulic Power Steering (HPS) and Electro-Hydraulic Power Steering)
    • 5.2.2. By Component (Hydraulic Pump, Sensors, Electric Motor, and Others)
    • 5.2.3. By Regional Market Share Analysis
      • 5.2.3.1. Asia-Pacific Market Share Analysis
      • 5.2.3.2. Europe Market Share Analysis
      • 5.2.3.3. North America Market Share Analysis
      • 5.2.3.4. South America Market Share Analysis
      • 5.2.3.5. Middle East & Africa Market Share Analysis
    • 5.2.4. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)
  • 5.3. Global Medium & Heavy Commercial Vehicle Power Steering Market Mapping & Opportunity Assessment
    • 5.3.1. By Mechanism Market Mapping & Opportunity Assessment
    • 5.3.2. By Component Market Mapping & Opportunity Assessment
    • 5.3.3. By Regional Market Mapping & Opportunity Assessment

6. North America Medium & Heavy Commercial Vehicle Power Steering Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
    • 6.1.2. By Volume
  • 6.2. Market Share & Forecast
    • 6.2.1. By Mechanism Market Share Analysis
    • 6.2.2. By Component Market Share Analysis
    • 6.2.3. By Country Market Share Analysis
      • 6.2.3.1. United States Market Share Analysis
      • 6.2.3.2. Mexico Market Share Analysis
      • 6.2.3.3. Canada Market Share Analysis
  • 6.3. North America: Country Analysis
    • 6.3.1. United States Medium & Heavy Commercial Vehicle Power Steering Market Outlook
      • 6.3.1.1. Market Size & Forecast
        • 6.3.1.1.1. By Value
        • 6.3.1.1.2. By Volume
      • 6.3.1.2. Market Share & Forecast
        • 6.3.1.2.1. By Mechanism Market Share Analysis
        • 6.3.1.2.2. By Component Market Share Analysis
    • 6.3.2. Canada Medium & Heavy Commercial Vehicle Power Steering Market Outlook
      • 6.3.2.1. Market Size & Forecast
        • 6.3.2.1.1. By Value
        • 6.3.2.1.2. By Volume
      • 6.3.2.2. Market Share & Forecast
        • 6.3.2.2.1. By Mechanism Market Share Analysis
        • 6.3.2.2.2. By Component Market Share Analysis
    • 6.3.3. Mexico Medium & Heavy Commercial Vehicle Power Steering Market Outlook
      • 6.3.3.1. Market Size & Forecast
        • 6.3.3.1.1. By Value
        • 6.3.3.1.2. By Volume
      • 6.3.3.2. Market Share & Forecast
        • 6.3.3.2.1. By Mechanism Market Share Analysis
        • 6.3.3.2.2. By Component Market Share Analysis

7. Europe Medium & Heavy Commercial Vehicle Power Steering Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
    • 7.1.2. By Volume
  • 7.2. Market Share & Forecast
    • 7.2.1. By Mechanism Market Share Analysis
    • 7.2.2. By Component Market Share Analysis
    • 7.2.3. By Country Market Share Analysis
      • 7.2.3.1. Germany Market Share Analysis
      • 7.2.3.2. Spain Market Share Analysis
      • 7.2.3.3. France Market Share Analysis
      • 7.2.3.4. Italy Market Share Analysis
      • 7.2.3.5. United Kingdom Market Share Analysis
      • 7.2.3.6. Rest of Europe Market Share Analysis
  • 7.3. Europe: Country Analysis
    • 7.3.1. Germany Medium & Heavy Commercial Vehicle Power Steering Market Outlook
      • 7.3.1.1. Market Size & Forecast
        • 7.3.1.1.1. By Value
        • 7.3.1.1.2. By Volume
      • 7.3.1.2. Market Share & Forecast
        • 7.3.1.2.1. By Mechanism Market Share Analysis
        • 7.3.1.2.2. By Component Market Share Analysis
    • 7.3.2. United Kingdom Medium & Heavy Commercial Vehicle Power Steering Market Outlook
      • 7.3.2.1. Market Size & Forecast
        • 7.3.2.1.1. By Value
        • 7.3.2.1.2. By Volume
      • 7.3.2.2. Market Share & Forecast
        • 7.3.2.2.1. By Mechanism Market Share Analysis
        • 7.3.2.2.2. By Component Market Share Analysis
    • 7.3.3. Italy Medium & Heavy Commercial Vehicle Power Steering Market Outlook
      • 7.3.3.1. Market Size & Forecast
        • 7.3.3.1.1. By Value
        • 7.3.3.1.2. By Volume
      • 7.3.3.2. Market Share & Forecasty
        • 7.3.3.2.1. By Mechanism Market Share Analysis
        • 7.3.3.2.2. By Component Market Share Analysis
    • 7.3.4. France Medium & Heavy Commercial Vehicle Power Steering Market Outlook
      • 7.3.4.1. Market Size & Forecast
        • 7.3.4.1.1. By Value
        • 7.3.4.1.2. By Volume
      • 7.3.4.2. Market Share & Forecast
        • 7.3.4.2.1. By Mechanism Market Share Analysis
        • 7.3.4.2.2. By Component Market Share Analysis
    • 7.3.5. Spain Medium & Heavy Commercial Vehicle Power Steering Market Outlook
      • 7.3.5.1. Market Size & Forecast
        • 7.3.5.1.1. By Value
      • 7.3.5.2. Market Share & Forecast
        • 7.3.5.2.1. By Mechanism Market Share Analysis
        • 7.3.5.2.2. By Component Market Share Analysis

8. Asia-Pacific Medium & Heavy Commercial Vehicle Power Steering Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
    • 8.1.2. By Volume
  • 8.2. Market Share & Forecast
    • 8.2.1. By Mechanism Market Share Analysis
    • 8.2.2. By Component Market Share Analysis
    • 8.2.3. By Country Market Share Analysis
      • 8.2.3.1. China Market Share Analysis
      • 8.2.3.2. India Market Share Analysis
      • 8.2.3.3. Japan Market Share Analysis
      • 8.2.3.4. South Korea Market Share Analysis
      • 8.2.3.5. Australia Market Share Analysis
      • 8.2.3.6. Rest of Asia-Pacific Market Share Analysis
  • 8.3. Asia-Pacific: Country Analysis
    • 8.3.1. China Medium & Heavy Commercial Vehicle Power Steering Market Outlook
      • 8.3.1.1. Market Size & Forecast
        • 8.3.1.1.1. By Value
        • 8.3.1.1.2. By Volume
      • 8.3.1.2. Market Share & Forecast
        • 8.3.1.2.1. By Mechanism
        • 8.3.1.2.2. By Component
    • 8.3.2. India Medium & Heavy Commercial Vehicle Power Steering Market Outlook
      • 8.3.2.1. Market Size & Forecast
        • 8.3.2.1.1. By Value
        • 8.3.2.1.2. By Volume
      • 8.3.2.2. Market Share & Forecast
        • 8.3.2.2.1. By Mechanism Market Share Analysis
        • 8.3.2.2.2. By Component Market Share Analysis
    • 8.3.3. Japan Medium & Heavy Commercial Vehicle Power Steering Market Outlook
      • 8.3.3.1. Market Size & Forecast
        • 8.3.3.1.1. By Value
        • 8.3.3.1.2. By Volume
      • 8.3.3.2. Market Share & Forecast
        • 8.3.3.2.1. By Mechanism Market Share Analysis
        • 8.3.3.2.2. By Component Market Share Analysis
    • 8.3.4. South Korea Medium & Heavy Commercial Vehicle Power Steering Market Outlook
      • 8.3.4.1. Market Size & Forecast
        • 8.3.4.1.1. By Value
        • 8.3.4.1.2. By Volume
      • 8.3.4.2. Market Share & Forecast
        • 8.3.4.2.1. By Mechanism Market Share Analysis
        • 8.3.4.2.2. By Component Market Share Analysis
    • 8.3.5. Australia Medium & Heavy Commercial Vehicle Power Steering Market Outlook
      • 8.3.5.1. Market Size & Forecast
        • 8.3.5.1.1. By Value
        • 8.3.5.1.2. By Volume
      • 8.3.5.2. Market Share & Forecast
        • 8.3.5.2.1. By Mechanism Market Share Analysis
        • 8.3.5.2.2. By Component Market Share Analysis

9. South America Medium & Heavy Commercial Vehicle Power Steering Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
    • 9.1.2. By Volume
  • 9.2. Market Share & Forecast
    • 9.2.1. By Mechanism Market Share Analysis
    • 9.2.2. By Component Market Share Analysis
    • 9.2.3. By Country Market Share Analysis
      • 9.2.3.1. Brazil Market Share Analysis
      • 9.2.3.2. Argentina Market Share Analysis
      • 9.2.3.3. Colombia Market Share Analysis
      • 9.2.3.4. Rest of South America Market Share Analysis
  • 9.3. South America: Country Analysis
    • 9.3.1. Brazil Medium & Heavy Commercial Vehicle Power Steering Market Outlook
      • 9.3.1.1. Market Size & Forecast
        • 9.3.1.1.1. By Value
        • 9.3.1.1.2. By Volume
      • 9.3.1.2. Market Share & Forecast
        • 9.3.1.2.1. By Mechanism Market Share Analysis
        • 9.3.1.2.2. By Component Market Share Analysis
    • 9.3.2. Argentina Medium & Heavy Commercial Vehicle Power Steering Market Outlook
      • 9.3.2.1. Market Size & Forecast
        • 9.3.2.1.1. By Value
        • 9.3.2.1.2. By Volume
      • 9.3.2.2. Market Share & Forecast
        • 9.3.2.2.1. By Mechanism Market Share Analysis
        • 9.3.2.2.2. By Component Market Share Analysis
    • 9.3.3. Colombia Medium & Heavy Commercial Vehicle Power Steering Market Outlook
      • 9.3.3.1. Market Size & Forecast
        • 9.3.3.1.1. By Value
        • 9.3.3.1.2. By Volume
      • 9.3.3.2. Market Share & Forecast
        • 9.3.3.2.1. By Mechanism Market Share Analysis
        • 9.3.3.2.2. By Component Market Share Analysis

10. Middle East and Africa Medium & Heavy Commercial Vehicle Power Steering Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
    • 10.1.2. By Volume
  • 10.2. Market Share & Forecast
    • 10.2.1. By Mechanism Market Share Analysis
    • 10.2.2. By Component Market Share Analysis
    • 10.2.3. By Country Market Share Analysis
      • 10.2.3.1. South Africa Market Share Analysis
      • 10.2.3.2. Saudi Arabia Market Share Analysis
      • 10.2.3.3. UAE Market Share Analysis
      • 10.2.3.4. Rest of Middle East & Africa Market Share Africa
  • 10.3. Middle East and Africa: Country Analysis
    • 10.3.1. South Africa Medium & Heavy Commercial Vehicle Power Steering Market Outlook
      • 10.3.1.1. Market Size & Forecast
        • 10.3.1.1.1. By Value
        • 10.3.1.1.2. By Volume
      • 10.3.1.2. Market Share & Forecast
        • 10.3.1.2.1. By Mechanism Market Share Analysis
        • 10.3.1.2.2. By Component Market Share Analysis
    • 10.3.2. Saudi Arabia Medium & Heavy Commercial Vehicle Power Steering Market Outlook
      • 10.3.2.1. Market Size & Forecast
        • 10.3.2.1.1. By Value
        • 10.3.2.1.2. By Volume
      • 10.3.2.2. Market Share & Forecast
        • 10.3.2.2.1. By Mechanism Market Share Analysis
        • 10.3.2.2.2. By Component Market Share Analysis
    • 10.3.3. UAE Medium & Heavy Commercial Vehicle Power Steering Market Outlook
      • 10.3.3.1. Market Size & Forecast
        • 10.3.3.1.1. By Value
        • 10.3.3.1.2. By Volume
      • 10.3.3.2. Market Share & Forecast
        • 10.3.3.2.1. By Mechanism Market Share Analysis
        • 10.3.3.2.2. By Component Market Share Analysis

11. SWOT Analysis

  • 11.1. Strength
  • 11.2. Weakness
  • 11.3. Opportunities
  • 11.4. Threats

12. Market Dynamics

  • 12.1. Market Drivers
  • 12.2. Market Challenges

13. Market Trends & Developments

14. Competitive Landscape

  • 14.1. Company Profiles (Up to 10 Major Companies)
    • 14.1.1. Showa Corporation
      • 14.1.1.1. Company Details
      • 14.1.1.2. Key Product Offered
      • 14.1.1.3. Financials (As Per Availability)
      • 14.1.1.4. Recent Developments
      • 14.1.1.5. Key Management Personnel
    • 14.1.2. Nexteer Automotive Corporation
      • 14.1.2.1. Company Details
      • 14.1.2.2. Key Product Offered
      • 14.1.2.3. Financials (As Per Availability)
      • 14.1.2.4. Recent Developments
      • 14.1.2.5. Key Management Personnel
    • 14.1.3. NSK Ltd
      • 14.1.3.1. Company Details
      • 14.1.3.2. Key Product Offered
      • 14.1.3.3. Financials (As Per Availability)
      • 14.1.3.4. Recent Developments
      • 14.1.3.5. Key Management Personnel
    • 14.1.4. JTEKT Corporation
      • 14.1.4.1. Company Details
      • 14.1.4.2. Key Product Offered
      • 14.1.4.3. Financials (As Per Availability)
      • 14.1.4.4. Recent Developments
      • 14.1.4.5. Key Management Personnel
    • 14.1.5. Robert Bosch GmbH
      • 14.1.5.1. Company Details
      • 14.1.5.2. Key Product Offered
      • 14.1.5.3. Financials (As Per Availability)
      • 14.1.5.4. Recent Developments
      • 14.1.5.5. Key Management Personnel
    • 14.1.6. Mando Corporation
      • 14.1.6.1. Company Details
      • 14.1.6.2. Key Product Offered
      • 14.1.6.3. Financials (As Per Availability)
      • 14.1.6.4. Recent Developments
      • 14.1.6.5. Key Management Personnel
    • 14.1.7. Sona Corporation
      • 14.1.7.1. Company Details
      • 14.1.7.2. Key Product Offered
      • 14.1.7.3. Financials (As Per Availability)
      • 14.1.7.4. Recent Developments
      • 14.1.7.5. Key Management Personnel
    • 14.1.8. ZF Friedrichshafen AG
      • 14.1.8.1. Company Details
      • 14.1.8.2. Key Product Offered
      • 14.1.8.3. Financials (As Per Availability)
      • 14.1.8.4. Recent Developments
      • 14.1.8.5. Key Management Personnel
    • 14.1.9. Hitachi Automotive Systems Limited
      • 14.1.9.1. Company Details
      • 14.1.9.2. Key Product Offered
      • 14.1.9.3. Financials (As Per Availability)
      • 14.1.9.4. Recent Developments
      • 14.1.9.5. Key Management Personnel

15. Strategic Recommendations

  • 15.1. Key Focus Areas
    • 15.1.1. Target Regions
    • 15.1.2. Target By Mechanism
    • 15.1.3. Target By Component

16. About Us & Disclaimer