Global Medium and Heavy-duty Truck Steering System Market Growth 2023-2029

Global Medium and Heavy-duty Truck Steering System Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Medium and Heavy-duty Truck Steering System Industry Forecast” looks at past sales and reviews total world Medium and Heavy-duty Truck Steering System sales in 2022, providing a comprehensive analysis by region and market sector of projected Medium and Heavy-duty Truck Steering System sales for 2023 through 2029. With Medium and Heavy-duty Truck Steering System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Medium and Heavy-duty Truck Steering System industry.
This Insight Report provides a comprehensive analysis of the global Medium and Heavy-duty Truck Steering System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Medium and Heavy-duty Truck Steering System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Medium and Heavy-duty Truck Steering System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Medium and Heavy-duty Truck Steering System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Medium and Heavy-duty Truck Steering System.
The global Medium and Heavy-duty Truck Steering System market size is projected to grow from US$ 1905.6 million in 2022 to US$ 2231.7 million in 2029; it is expected to grow at a CAGR of 2231.7 from 2023 to 2029.
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 presents a comprehensive overview, market shares, and growth opportunities of Medium and Heavy-duty Truck Steering System market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Hydraulic Power Steering
Electric Power Steering
Electro-Hydraulic Power Steering
Segmentation by application
Heavy-Duty Truck
Medium-Duty Truck
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Robert Bosch GmbH
ZF
Nexteer
RH Sheppard Co., Inc
Hitachi
CAAS
JTEKT
Mando

Key Questions Addressed in this Report
What is the 10-year outlook for the global Medium and Heavy-duty Truck Steering System market?
What factors are driving Medium and Heavy-duty Truck Steering System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Medium and Heavy-duty Truck Steering System market opportunities vary by end market size?
How does Medium and Heavy-duty Truck Steering System break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.