market study on “Commercial Vehicle (CV) Active Power Steering Market to 2025 –
Global Analysis and Forecasts by Type (Electric Power Steering (EPS) and
Electro-Hydraulic Power Steering (EHPS)), Application (Medium Commercial Vehicle
and Heavy Commercial Vehicle) – Global Analysis and Forecast”, the Commercial
Vehicle (CV) Active Power Steering market is estimated to reach 955,233 units
by 2025 from 12,572 units in 2016. The report include key understanding on the
driving factors of this growth and also highlights the prominent players in the
market and their developments.
Active Power Steering Market to 2025 – Global Analysis and Forecast by Type and Application, Commercial Vehicle (CV) active power steering market is expected to grow 955,233 units by 2025 from 12,572 units in 2016. With advancements in technology number of agricultural trucks and logistic carriers has also increased significantly. The active powered steering system are being highly adopted in these commercial vehicles, especially the heavy duty commercial vehicle due to its better performances and ability to reduce fuel consumption. Thus the growth in manufacturing and application of the energy efficient commercial vehicles is anticipated to propel the demand for active powered steering systems. Additionally the roads based transportation and infrastructure capitalization has been estimated to witness maximum traction from the investors, hence making it the most prominent growth market due to rising number of vehicle ownership in the developing countries.
Some of the remarkable partnership and collaboration in this industry are JTEKT Corporation, Japan acquired Sona Koyo Steering Systems Ltd, India and ZF Friedrichshafen AG, and German company acquired TRW Automotive Holdings Corp. and formed a new business division called active and passive safety technology.
The global Commercial Vehicle (CV) active power steering market by geography is segmented into five regions including North America, Europe, Asia Pacific, Middle East & Africa, and South America. North Europe is expected to account for the largest share of the global machine vision systems market in 2016, followed by North America. Germany and UK being two key countries in Europe region which will lead Commercial Vehicle (CV) active power steering market in this region and is also expected to continue its dominance throughout the forecast period from 2016 to 2025. The report profiles key players such tedrive steering systems GmbH, Ognibene Power SPA, The Bosch group, Volvo AB, Daimler AG and ZF Friedrichshafen AG among others.
The report segments the global commercial vehicle active power steering market as follows:
Global Commercial Vehicle (CV) Active Power Steering Market – By Type
Electric Power Steering (EPS)
Electro-Hydraulic Power Steering (EHPS)
Global Commercial Vehicle (CV) Active Power Steering Market – By Application
Medium Commercial Vehicle
Heavy Commercial Vehicle
Global Commercial Vehicle (CV) Active Power Steering Market – By Geography
Asia Pacific (APAC)
Middle East & Africa (MEA)
South America (SA)