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Commercial Vehicle (CV) Active Power Steering Market Forecast: Value Set To Climb From $6.21 Billion To $8.71 Billion
The commercial vehicle (cv) active power steering market size has shown robust expansion in recent years. It is projected to grow from $5.71 billion in 2025 to $6.21 billion in 2026, achieving a compound annual growth rate (CAGR) of 8.8%. The market’s historical growth can be attributed to factors such as the increased production of heavy commercial vehicles, a greater emphasis on vehicle safety regulations, the rising adoption of electronic steering systems, the escalating demand for improved vehicle handling, and ongoing advancements in hydraulic and electric steering technologies.
The commercial vehicle (cv) active power steering market is anticipated to show significant expansion over the next few years, projected to reach $8.71 billion by 2030, with a compound annual growth rate (CAGR) of 8.8%. This forecasted growth is largely driven by factors such as the expanding presence of autonomous commercial vehicles, the increasing electrification of truck platforms, the broader adoption of advanced driver assistance systems, a growing demand for connected vehicle technologies, and continuous improvements in steering control software. Significant trends emerging in this period include the increased embrace of steer-by-wire systems, the rising integration of sensor-based steering controls, a growing need for driver fatigue reduction technologies, the expansion of active rear steering solutions, and an enhanced focus on steering precision and safety.
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Commercial Vehicle (CV) Active Power Steering Market Opportunity Drivers: What’s Unlocking New Revenue Potential?
The commercial vehicle (CV) active power steering market is projected to expand due to the rising demand for fuel-efficient vehicles. These vehicles encompass cars, trucks, and other transport options engineered to consume less fuel for the equivalent travel distance when contrasted with traditional models. The surge in fuel-efficient vehicles stems from escalating fuel prices and heightened environmental awareness, as both consumers and governments aim to curtail emissions and reduce overall transport expenditures. Commercial vehicle (CV) active power steering complements these vehicles by providing enhanced steering accuracy and decreased energy usage, thereby boosting their efficiency and ease of handling. This technology facilitates smoother journeys, contributing to better overall vehicle performance and significant fuel economies. As an illustration, the International Energy Agency, an intergovernmental organization based in France, reported in May 2024 that electric car sales have consistently risen, reaching 14 million (18%) in 2023, which is a considerable increase from 3 million (4%) in 2020. Consequently, the increasing need for fuel-efficient vehicles is propelling the expansion of the commercial vehicle (CV) active power steering market.
Commercial Vehicle (CV) Active Power Steering Market Breakdown By Product Type And Application
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 Component: Steering Actuators, Electric Steering Motors, Power Steering Pumps, Steering Control Units (ECUs), Torque and Angle Sensors, Steering Columns with Electronic Assist
3) By Application: Light Commercial Vehicles (LCV), Medium Commercial Vehicles (MCV), Heavy Commercial Vehicles (HCV)
4) By End User: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Hydraulic Power Steering (HPS): Conventional Hydraulic Power Steering, Load-Sensing Hydraulic Steering, Electronically Assisted Hydraulic Steering
2) By Electric Power Steering (EPS): Column-Assisted Electric Power Steering (C-EPS), Pinion-Assisted Electric Power Steering (P-EPS), Rack-Assisted Electric Power Steering (R-EPS), Fully Electric Power Steering Systems
3) By Electro-Hydraulic Power Steering (EHPS): Integrated Electro-Hydraulic Steering Systems, Electronically Controlled Hydraulic Steering, Hybrid Electric-Hydraulic Steering Systems
Commercial Vehicle (CV) Active Power Steering Market Trends Redefining Industry Growth
Companies prominent in the commercial vehicle (CV) active power steering market are prioritizing the incorporation of advanced technologies, such as electric power steering, to improve fuel economy, reduce emissions, enhance steering precision, and support autonomous driving capabilities. Electric power steering (EPS) technology functions by utilizing an electric motor instead of hydraulic fluid to assist the driver in steering, thereby boosting efficiency and facilitating integration with advanced driver assistance systems (ADAS). For instance, in April 2025, Nexteer Automotive, a US-based steering and driveline technology company, unveiled its high-output column-assist electric power steering (HO CEPS). This innovative system elevates steering assist capacity up to 110 Nm, broadening its applicability to larger and heavier vehicles, including those that previously demanded more elaborate steering setups.
Commercial Vehicle (CV) Active Power Steering Market Company Landscape And Competitive Strategy
Major companies operating in the commercial vehicle (cv) active power steering market are Robert Bosch GmbH, Bosch Mobility, ZF Friedrichshafen AG, ZF, JTEKT Corporation, Nexteer Automotive, Hyundai Mobis Co., Ltd., NSK Ltd., thyssenkrupp AG, Mando Corporation, Showa Corporation, China Automotive Systems Inc., DENSO Corporation, Eaton Corporation plc, Schaeffler AG, Hyundai Motor Company, Valeo SA, Aptiv, Delphi Technologies, ILJIN Corporation, Kongsberg Automotive Holding ASA, Leopold Kostal GmbH & Co. KG, Pailton Engineering Ltd., Global Steering Systems LLC, Zhejiang Wanda Steering Gear Co., Ltd., Infineon Technologies AG, Sensata Technologies, Honeywell Inc.
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Commercial Vehicle (CV) Active Power Steering Market Geographic Analysis: Where Is Demand Rising Fastest?
North America was the largest region in the commercial vehicle (CV) active power steering market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial vehicle (cv) active power steering market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
