The Commercial Vehicle (CV) Active Power Steering Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Commercial Vehicle (CV) Active Power Steering Market?
The market size of the commercial vehicle (CV) active power steering has seen significant growth, increasing from $5.28 billion in 2024 to $5.78 billion in 2025. The compound annual growth rate (CAGR) during this period was 9.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Commercial Vehicle (CV) Active Power Steering Industry?
The Commercial Vehicle (CV) Active Power Steering market is predicted to reach a market size of $8.24 billion in 2029, with a CAGR of 9.3%.
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What are the Key Growth Drivers Fueling the Commercial Vehicle (CV) Active Power Steering Market?
The key drivers in the commercial vehicle (cv) active power steering market are:
• Rising demand for driver comfort
• Increasing adoption of electric and hybrid commercial vehicles
• Implementation of stringent safety regulations
• Growing focus on vehicle automation
Global Market Segmentation: Identifying Major Commercial Vehicle (CV) Active Power Steering Industry Segments
The commercial vehicle (CV) active power steering market covered in this report is segmented –
1) By Type: Hydraulic Power Steering, Electric Power Steering, Electro-Hydraulic Power Steering
2) By Technology: Steer-by-Wire, Variable Gear Ratio, Active Rear Steering
3) By Equipment: Steering Racks, Steering Columns, Steering Wheels
4) By Application: Light Commercial Vehicles (LCV), Medium Commercial Vehicles (MCV), Heavy Commercial Vehicles (HCV)
5) By End User: Original Equipment Manufacturer (OEM), After market
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What are the Emerging Trends Shaping the Future of the Commercial Vehicle (CV) Active Power Steering Market?
The key trends in the commercial vehicle (cv) active power steering market are:
• The future of the market is greatly shaped by integration with advanced driver-assistance systems.
• The use of artificial intelligence for steering control is a significant emerging trend.
• Adoption of steer-by-wire technology is increasingly influencing the market.
• Development of lightweight steering components is gaining traction as a future trend.
Who Are the Top Competitors & Leading Players in the Commercial Vehicle (CV) Active Power Steering Market?
Major players in the commercial vehicle (cv) active power steering market are:
• Robert Bosch GmbH
• ZF Friedrichshafen AG
• Thyssenkrupp AG
• Continental AG
• Hyundai Motor Company
• Mitsubishi Electric Corporation
• Schaeffler AG
• Parker Hannifin Corporation
• Infineon Technologies AG
• JTEKT Corporation
• Dana Inc.
• MAN Truck & Bus
• NSK Ltd.
• Knorr-Bremse AG
• Mando Corporation
• Nexteer Automotive
• Hitachi Astemo Ltd.
• Ognibene Power SpA
• Delphi Technologies
• Brogen EV Solution
Regional Dominance: Which Area Leads the Global Commercial Vehicle (CV) Active Power Steering Market?
North America was the largest region in the commercial vehicle (CV) active power steering market in 2024
