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Commercial Vehicle Steering Systems-Global Market Insights and Sales Trends 2024
Synopsis
The global Commercial Vehicle Steering Systems market size is expected to reach US$ 31 million by 2029, growing at a CAGR of 3.5% from 2023 to 2029. The market is mainly driven by the significant applications of Commercial Vehicle Steering Systems in various end use industries. The expanding demands from the Light Commercial Vehicles, Medium Commercial Vehicles and Heavy Commercial Vehicles,, are propelling Commercial Vehicle Steering Systems market. Electronic Power Steering, 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 Power Steering segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Commercial Vehicle Steering Systems market, driven by demand from China, the second largest economy with some signs of stabilising, the Commercial Vehicle Steering Systems market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
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 Commercial Vehicle Steering Systems, 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 Commercial Vehicle Steering Systems 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 Commercial Vehicle Steering Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Commercial Vehicle Steering Systems 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 Commercial Vehicle Steering Systems covered in this report include ZF Friedrichshafen, Mitbushi Electric Corporation, Hyuandi Mobis, Robert Bosch, Showa Corporation, JTEKT Corporation, NSK Ltd, ThyssenKrupp AG and China Automotive Systems, etc.
The global Commercial Vehicle Steering Systems 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
Mitbushi Electric Corporation
Hyuandi Mobis
Robert Bosch
Showa Corporation
JTEKT Corporation
NSK Ltd
ThyssenKrupp AG
China Automotive Systems
Mando Corporation
Global Commercial Vehicle Steering Systems 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 Commercial Vehicle Steering Systems market, Segment by Type:
Electronic Power Steering
Hydraulic Power Steering
Electro-hydraulic Power Steering
Global Commercial Vehicle Steering Systems market, by Application
Light Commercial Vehicles
Medium Commercial Vehicles
Heavy Commercial Vehicles
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 Commercial Vehicle Steering Systems manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Commercial Vehicle Steering Systems 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.
The global Commercial Vehicle Steering Systems market size is expected to reach US$ 31 million by 2029, growing at a CAGR of 3.5% from 2023 to 2029. The market is mainly driven by the significant applications of Commercial Vehicle Steering Systems in various end use industries. The expanding demands from the Light Commercial Vehicles, Medium Commercial Vehicles and Heavy Commercial Vehicles,, are propelling Commercial Vehicle Steering Systems market. Electronic Power Steering, 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 Power Steering segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Commercial Vehicle Steering Systems market, driven by demand from China, the second largest economy with some signs of stabilising, the Commercial Vehicle Steering Systems market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
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 Commercial Vehicle Steering Systems, 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 Commercial Vehicle Steering Systems 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 Commercial Vehicle Steering Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Commercial Vehicle Steering Systems 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 Commercial Vehicle Steering Systems covered in this report include ZF Friedrichshafen, Mitbushi Electric Corporation, Hyuandi Mobis, Robert Bosch, Showa Corporation, JTEKT Corporation, NSK Ltd, ThyssenKrupp AG and China Automotive Systems, etc.
The global Commercial Vehicle Steering Systems 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
Mitbushi Electric Corporation
Hyuandi Mobis
Robert Bosch
Showa Corporation
JTEKT Corporation
NSK Ltd
ThyssenKrupp AG
China Automotive Systems
Mando Corporation
Global Commercial Vehicle Steering Systems 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 Commercial Vehicle Steering Systems market, Segment by Type:
Electronic Power Steering
Hydraulic Power Steering
Electro-hydraulic Power Steering
Global Commercial Vehicle Steering Systems market, by Application
Light Commercial Vehicles
Medium Commercial Vehicles
Heavy Commercial Vehicles
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 Commercial Vehicle Steering Systems manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Commercial Vehicle Steering Systems 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 Commercial Vehicle Steering Systems Market Overview
1.1 Commercial Vehicle Steering Systems Product Overview
1.2 Commercial Vehicle Steering Systems Market Segment by Type
1.2.1 Electronic Power Steering
1.2.2 Hydraulic Power Steering
1.2.3 Electro-hydraulic Power Steering
1.3 Global Commercial Vehicle Steering Systems Market Size by Type
1.3.1 Global Commercial Vehicle Steering Systems Market Size Overview by Type (2018-2029)
1.3.2 Global Commercial Vehicle Steering Systems Historic Market Size Review by Type (2018-2023)
1.3.3 Global Commercial Vehicle Steering Systems Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Commercial Vehicle Steering Systems Sales Breakdown by Type (2018-2023)
1.4.2 Europe Commercial Vehicle Steering Systems Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Commercial Vehicle Steering Systems Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Commercial Vehicle Steering Systems Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Commercial Vehicle Steering Systems Sales Breakdown by Type (2018-2023)
2 Global Commercial Vehicle Steering Systems Market Competition by Company
2.1 Global Top Players by Commercial Vehicle Steering Systems Sales (2018-2023)
2.2 Global Top Players by Commercial Vehicle Steering Systems Revenue (2018-2023)
2.3 Global Top Players by Commercial Vehicle Steering Systems Price (2018-2023)
2.4 Global Top Manufacturers Commercial Vehicle Steering Systems Manufacturing Base Distribution, Sales Area, Product Type
2.5 Commercial Vehicle Steering Systems Market Competitive Situation and Trends
2.5.1 Commercial Vehicle Steering Systems Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Commercial Vehicle Steering Systems 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 Commercial Vehicle Steering Systems as of 2022)
2.7 Date of Key Manufacturers Enter into Commercial Vehicle Steering Systems Market
2.8 Key Manufacturers Commercial Vehicle Steering Systems Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Commercial Vehicle Steering Systems Status and Outlook by Region
3.1 Global Commercial Vehicle Steering Systems Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Commercial Vehicle Steering Systems Historic Market Size by Region
3.2.1 Global Commercial Vehicle Steering Systems Sales in Volume by Region (2018-2023)
3.2.2 Global Commercial Vehicle Steering Systems Sales in Value by Region (2018-2023)
3.2.3 Global Commercial Vehicle Steering Systems Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Commercial Vehicle Steering Systems Forecasted Market Size by Region
3.3.1 Global Commercial Vehicle Steering Systems Sales in Volume by Region (2024-2029)
3.3.2 Global Commercial Vehicle Steering Systems Sales in Value by Region (2024-2029)
3.3.3 Global Commercial Vehicle Steering Systems Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Commercial Vehicle Steering Systems by Application
4.1 Commercial Vehicle Steering Systems Market Segment by Application
4.1.1 Light Commercial Vehicles
4.1.2 Medium Commercial Vehicles
4.1.3 Heavy Commercial Vehicles
4.2 Global Commercial Vehicle Steering Systems Market Size by Application
4.2.1 Global Commercial Vehicle Steering Systems Market Size Overview by Application (2018-2029)
4.2.2 Global Commercial Vehicle Steering Systems Historic Market Size Review by Application (2018-2023)
4.2.3 Global Commercial Vehicle Steering Systems Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Commercial Vehicle Steering Systems Sales Breakdown by Application (2018-2023)
4.3.2 Europe Commercial Vehicle Steering Systems Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Commercial Vehicle Steering Systems Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Commercial Vehicle Steering Systems Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Commercial Vehicle Steering Systems Sales Breakdown by Application (2018-2023)
5 North America Commercial Vehicle Steering Systems by Country
5.1 North America Commercial Vehicle Steering Systems Historic Market Size by Country
5.1.1 North America Commercial Vehicle Steering Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Commercial Vehicle Steering Systems Sales in Volume by Country (2018-2023)
5.1.3 North America Commercial Vehicle Steering Systems Sales in Value by Country (2018-2023)
5.2 North America Commercial Vehicle Steering Systems Forecasted Market Size by Country
5.2.1 North America Commercial Vehicle Steering Systems Sales in Volume by Country (2024-2029)
5.2.2 North America Commercial Vehicle Steering Systems Sales in Value by Country (2024-2029)
6 Europe Commercial Vehicle Steering Systems by Country
6.1 Europe Commercial Vehicle Steering Systems Historic Market Size by Country
6.1.1 Europe Commercial Vehicle Steering Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Commercial Vehicle Steering Systems Sales in Volume by Country (2018-2023)
6.1.3 Europe Commercial Vehicle Steering Systems Sales in Value by Country (2018-2023)
6.2 Europe Commercial Vehicle Steering Systems Forecasted Market Size by Country
6.2.1 Europe Commercial Vehicle Steering Systems Sales in Volume by Country (2024-2029)
6.2.2 Europe Commercial Vehicle Steering Systems Sales in Value by Country (2024-2029)
7 Asia-Pacific Commercial Vehicle Steering Systems by Region
7.1 Asia-Pacific Commercial Vehicle Steering Systems Historic Market Size by Region
7.1.1 Asia-Pacific Commercial Vehicle Steering Systems Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Commercial Vehicle Steering Systems Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Commercial Vehicle Steering Systems Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Commercial Vehicle Steering Systems Forecasted Market Size by Region
7.2.1 Asia-Pacific Commercial Vehicle Steering Systems Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Commercial Vehicle Steering Systems Sales in Value by Region (2024-2029)
8 Latin America Commercial Vehicle Steering Systems by Country
8.1 Latin America Commercial Vehicle Steering Systems Historic Market Size by Country
8.1.1 Latin America Commercial Vehicle Steering Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Commercial Vehicle Steering Systems Sales in Volume by Country (2018-2023)
8.1.3 Latin America Commercial Vehicle Steering Systems Sales in Value by Country (2018-2023)
8.2 Latin America Commercial Vehicle Steering Systems Forecasted Market Size by Country
8.2.1 Latin America Commercial Vehicle Steering Systems Sales in Volume by Country (2024-2029)
8.2.2 Latin America Commercial Vehicle Steering Systems Sales in Value by Country (2024-2029)
9 Middle East and Africa Commercial Vehicle Steering Systems by Country
9.1 Middle East and Africa Commercial Vehicle Steering Systems Historic Market Size by Country
9.1.1 Middle East and Africa Commercial Vehicle Steering Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Commercial Vehicle Steering Systems Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Commercial Vehicle Steering Systems Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Commercial Vehicle Steering Systems Forecasted Market Size by Country
9.2.1 Middle East and Africa Commercial Vehicle Steering Systems Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Commercial Vehicle Steering Systems 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 Commercial Vehicle Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ZF Friedrichshafen Commercial Vehicle Steering Systems Products Offered
10.1.5 ZF Friedrichshafen Recent Development
10.2 Mitbushi Electric Corporation
10.2.1 Mitbushi Electric Corporation Company Information
10.2.2 Mitbushi Electric Corporation Introduction and Business Overview
10.2.3 Mitbushi Electric Corporation Commercial Vehicle Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Mitbushi Electric Corporation Commercial Vehicle Steering Systems Products Offered
10.2.5 Mitbushi Electric Corporation Recent Development
10.3 Hyuandi Mobis
10.3.1 Hyuandi Mobis Company Information
10.3.2 Hyuandi Mobis Introduction and Business Overview
10.3.3 Hyuandi Mobis Commercial Vehicle Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Hyuandi Mobis Commercial Vehicle Steering Systems Products Offered
10.3.5 Hyuandi Mobis Recent Development
10.4 Robert Bosch
10.4.1 Robert Bosch Company Information
10.4.2 Robert Bosch Introduction and Business Overview
10.4.3 Robert Bosch Commercial Vehicle Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Robert Bosch Commercial Vehicle Steering Systems Products Offered
10.4.5 Robert Bosch Recent Development
10.5 Showa Corporation
10.5.1 Showa Corporation Company Information
10.5.2 Showa Corporation Introduction and Business Overview
10.5.3 Showa Corporation Commercial Vehicle Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Showa Corporation Commercial Vehicle Steering Systems Products Offered
10.5.5 Showa Corporation Recent Development
10.6 JTEKT Corporation
10.6.1 JTEKT Corporation Company Information
10.6.2 JTEKT Corporation Introduction and Business Overview
10.6.3 JTEKT Corporation Commercial Vehicle Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.6.4 JTEKT Corporation Commercial Vehicle Steering Systems Products Offered
10.6.5 JTEKT Corporation Recent Development
10.7 NSK Ltd
10.7.1 NSK Ltd Company Information
10.7.2 NSK Ltd Introduction and Business Overview
10.7.3 NSK Ltd Commercial Vehicle Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.7.4 NSK Ltd Commercial Vehicle Steering Systems Products Offered
10.7.5 NSK Ltd Recent Development
10.8 ThyssenKrupp AG
10.8.1 ThyssenKrupp AG Company Information
10.8.2 ThyssenKrupp AG Introduction and Business Overview
10.8.3 ThyssenKrupp AG Commercial Vehicle Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.8.4 ThyssenKrupp AG Commercial Vehicle Steering Systems Products Offered
10.8.5 ThyssenKrupp AG Recent Development
10.9 China Automotive Systems
10.9.1 China Automotive Systems Company Information
10.9.2 China Automotive Systems Introduction and Business Overview
10.9.3 China Automotive Systems Commercial Vehicle Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.9.4 China Automotive Systems Commercial Vehicle Steering Systems Products Offered
10.9.5 China Automotive Systems Recent Development
10.10 Mando Corporation
10.10.1 Mando Corporation Company Information
10.10.2 Mando Corporation Introduction and Business Overview
10.10.3 Mando Corporation Commercial Vehicle Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Mando Corporation Commercial Vehicle Steering Systems Products Offered
10.10.5 Mando Corporation Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Commercial Vehicle Steering Systems 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 Commercial Vehicle Steering Systems Industrial Chain Analysis
11.4 Commercial Vehicle Steering Systems Market Dynamics
11.4.1 Commercial Vehicle Steering Systems Industry Trends
11.4.2 Commercial Vehicle Steering Systems Market Drivers
11.4.3 Commercial Vehicle Steering Systems Market Challenges
11.4.4 Commercial Vehicle Steering Systems Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Commercial Vehicle Steering Systems Distributors
12.3 Commercial Vehicle Steering Systems 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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