Commercial Vehicle Cv Active Power Steering Market Scope And Analysis

Report Code : TIPTE100000376
Category : Automotive and Transportation

No. of Pages : 150

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Commercial Vehicle Active Power Steering System Market Scope and Analysis Report by 2031

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Commercial Vehicle Active Power Steering System Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 5.90 Billion
Market Size by 2031	US$ 15.57 Billion
Global CAGR (2022 - 2031)	12.9%
Historical Data	2021-2022
Forecast period	2023-2031
Segments Covered	By Type Electric Power Steering Hydraulic Power Steering Electro-Hydraulic Power Steering By Application Medium Commercial Vehicle Heavy Commercial Vehicle
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	JTEKT corporation ZF Friedrichshafen AG Robert Bosch GmbH Nexteer NSK Ltd Mitsubishi Electric Corporation Mando Corporation Hyundai Mobis Showa Corporation Thyssenkrupp AG

Commercial Vehicle Active Power Steering System Market News and Recent Developments

The commercial vehicle active power steering system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for commercial vehicle active power steering systems market and strategies:

In June 2023, Nidec Corporation launched electric power steering with a motor power pack. In recent years, the electric column-type steering uses ADAS functions and offers less friction and torque in the entire steering system. It ensures the smooth execution of power steering and also offers a lane-keeping assistance system and several other ADAS functions. (Source: DJI, Press Release/Company Website/Newsletter)

Commercial Vehicle Active Power Steering System Market Report Coverage and Deliverables

The “Commercial Vehicle Active Power Steering System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Market dynamics such as drivers, restraints, and key opportunities
Key future trends
Detailed PEST analysis
Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
Detailed company profiles with SWOT analysis