The global Medium and Heavy-duty Truck Steering System market size is expected to reach $ 2473 million by 2032, rising at a market growth of 2.1% CAGR during the forecast period (2026-2032).
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 studies the global Medium and Heavy-duty Truck Steering System production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Medium and Heavy-duty Truck Steering System and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Medium and Heavy-duty Truck Steering System that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Medium and Heavy-duty Truck Steering System total production and demand, 2021-2032, (K Units)
Global Medium and Heavy-duty Truck Steering System total production value, 2021-2032, (USD Million)
Global Medium and Heavy-duty Truck Steering System production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K Units), (based on production site)
Global Medium and Heavy-duty Truck Steering System consumption by region & country, CAGR, 2021-2032 & (K Units)
U.S. VS China: Medium and Heavy-duty Truck Steering System domestic production, consumption, key domestic manufacturers and share
Global Medium and Heavy-duty Truck Steering System production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K Units)
Global Medium and Heavy-duty Truck Steering System production by Type, production, value, CAGR, 2021-2032, (USD Million) & (K Units)
Global Medium and Heavy-duty Truck Steering System production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K Units)
This report profiles key players in the global Medium and Heavy-duty Truck Steering System market based on the following parameters - company overview, production, value, 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.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Medium and Heavy-duty Truck Steering System market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K Units) and average price (US$/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Medium and Heavy-duty Truck Steering System Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Medium and Heavy-duty Truck Steering System Market, Segmentation by Type:
Hydraulic Power Steering
Electric Power Steering
Electro-Hydraulic Power Steering
Global Medium and Heavy-duty Truck Steering System Market, Segmentation by Application:
Heavy-Duty Truck
Medium-Duty Truck
Companies Profiled:
Robert Bosch GmbH
ZF
Nexteer
RH Sheppard Co., Inc
Hitachi
CAAS
JTEKT
Mando
Key Questions Answered:
1. How big is the global Medium and Heavy-duty Truck Steering System market?
2. What is the demand of the global Medium and Heavy-duty Truck Steering System market?
3. What is the year over year growth of the global Medium and Heavy-duty Truck Steering System market?
4. What is the production and production value of the global Medium and Heavy-duty Truck Steering System market?
5. Who are the key producers in the global Medium and Heavy-duty Truck Steering System market?
6. What are the growth factors driving the market demand?
Summary:
Get latest Market Research Reports on Medium and Heavy-duty Truck Steering System. Industry analysis & Market Report on Medium and Heavy-duty Truck Steering System is a syndicated market report, published as Global Medium and Heavy-duty Truck Steering System Supply, Demand and Key Producers, 2026-2032. It is complete Research Study and Industry Analysis of Medium and Heavy-duty Truck Steering System market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.