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Commercial Vehicle (CV) Active Power Steering Market Size Forecast: How Large Could The Market Become By 2030?
The size of the commercial vehicle (cv) active power steering market has seen robust growth over the past few years. This market is projected to expand, climbing from $5.71 billion in 2025 to $6.21 billion in 2026, driven by an 8.8% compound annual growth rate (CAGR). Factors contributing to its past expansion include the increased production of heavy commercial vehicles, a stronger emphasis on vehicle safety regulations, the wider use of electronic steering systems, an escalating demand for better vehicle handling, and progress in hydraulic and electric steering technologies.
The commercial vehicle (cv) active power steering market is projected to experience substantial expansion in the coming years, reaching a valuation of $8.71 billion by 2030, driven by an 8.8% compound annual growth rate (CAGR). This anticipated growth is primarily fueled by factors such as the expanding presence of autonomous commercial vehicles, the increasing electrification of truck platforms, the broader incorporation of advanced driver assistance systems, the escalating need for connected vehicle technologies, and ongoing advancements in steering control software. Key developments expected during this period encompass the wider adoption of steer-by-wire systems, the enhanced integration of sensor-based steering controls, a rising call for technologies that mitigate driver fatigue, the broadening availability of active rear steering solutions, and a heightened emphasis on both steering precision and safety.
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Commercial Vehicle (CV) Active Power Steering Market Growth Factors Supporting Long-Term Expansion
The commercial vehicle (CV) active power steering market is projected to grow due to the rising demand for fuel-efficient vehicles. Fuel-efficient vehicles are defined as cars, trucks, or other forms of transport engineered to consume less fuel for a given distance than traditional vehicles. This increase in fuel-efficient vehicles stems from escalating fuel prices and heightened environmental awareness, as both consumers and governments aim to decrease emissions and reduce total transportation costs. Commercial vehicle (CV) active power steering improves fuel-efficient vehicles through enhanced steering accuracy and lower energy use, thereby increasing their efficiency and ease of handling. This technology facilitates smoother journeys, boosting overall vehicle performance and helping to save fuel. For example, data from May 2024, provided by the International Energy Agency, a France-based intergovernmental body, indicates a consistent rise in electric car sales, which hit 14 million (18%) in 2023, an increase from 3 million (4%) in 2020. Consequently, the growing demand for fuel-efficient vehicles is propelling the expansion of the commercial vehicle (CV) active power steering market.
#Commercial Vehicle (CV) Active Power Steering Market Segment Landscape And Growth Potential
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 Industry Trends Shaping Future Revenue Growth
Leading companies within the commercial vehicle (CV) active power steering market are concentrating on integrating sophisticated technologies, such as electric power steering, to enhance fuel efficiency, decrease emissions, improve steering precision, and support capabilities for autonomous driving. Electric power steering (EPS) technology functions by utilizing an electric motor instead of hydraulic fluid to assist the driver with steering the vehicle, thereby improving overall efficiency and facilitating integration with advanced driver assistance systems (ADAS). An example of this trend is Nexteer Automotive, a US-based steering and driveline technology company, which unveiled high-output column-assist electric power steering (HO CEPS) in April 2025. This system substantially increases the steering assist capacity up to 110 Nm, making it suitable for application in larger and heavier vehicles, including those that traditionally demanded more complex steering systems.
Commercial Vehicle (CV) Active Power Steering Market Competitive Landscape: Who Are The Leading Companies?
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 Leading Geography: Which Region Generates The Most Revenue?
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.