Global Medium and Heavy-duty Truck Steering System Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

Global Medium and Heavy-duty Truck Steering System Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Medium and Heavy-duty Truck Steering System market size was valued at US$ 2052 million in 2024 and is forecast to a readjusted size of USD 2378 million by 2031 with a CAGR of 2.1% during review period.

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.

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 is a detailed and comprehensive analysis for global Medium and Heavy-duty Truck Steering System market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Medium and Heavy-duty Truck Steering System market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Medium and Heavy-duty Truck Steering System market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Medium and Heavy-duty Truck Steering System market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Medium and Heavy-duty Truck Steering System market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Medium and Heavy-duty Truck Steering System

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Medium and Heavy-duty Truck Steering System market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Robert Bosch GmbH, ZF, Nexteer, RH Sheppard Co., Inc, Hitachi, CAAS, JTEKT, Mando, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Medium and Heavy-duty Truck Steering System market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Hydraulic Power Steering
Electric Power Steering
Electro-Hydraulic Power Steering

Market segment by Application
Heavy-Duty Truck
Medium-Duty Truck

Major players covered
Robert Bosch GmbH
ZF
Nexteer
RH Sheppard Co., Inc
Hitachi
CAAS
JTEKT
Mando

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Medium and Heavy-duty Truck Steering System product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Medium and Heavy-duty Truck Steering System, with price, sales quantity, revenue, and global market share of Medium and Heavy-duty Truck Steering System from 2020 to 2025.

Chapter 3, the Medium and Heavy-duty Truck Steering System competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Medium and Heavy-duty Truck Steering System breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Medium and Heavy-duty Truck Steering System market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Medium and Heavy-duty Truck Steering System.

Chapter 14 and 15, to describe Medium and Heavy-duty Truck Steering System sales channel, distributors, customers, research findings and conclusion.