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Heavy Duty Trucks Steering System Market Growth From $5.42 Billion In 2026 To $6.8 Billion By 2030 At A CAGR Of 5.8%
The heavy duty trucks steering system market size has grown strongly in recent years. It will grow from $5.11 billion in 2025 to $5.43 billion in 2026 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to expansion of heavy-duty truck fleets, infrastructure development, demand for reliable steering systems, growth of logistics sector, mechanical steering adoption.
The heavy duty trucks steering system market size is expected to see strong growth in the next few years. It will grow to $6.81 billion in 2030 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to electrification of heavy vehicles, autonomous trucking development, safety regulation enforcement, demand for fuel efficiency, smart steering system integration. Major trends in the forecast period include shift toward electric power steering systems, integration of advanced driver assistance, demand for high-durability components, growth of aftermarket upgrades, focus on steering precision.
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Heavy Duty Trucks Steering System Market Demand Drivers Opening New Revenue Streams
The rising demand for efficient logistics and transportation services is anticipated to propel the growth of the heavy-duty trucks steering system market in the coming years. Logistics and transportation services involve the efficient planning, coordination, and movement of goods from one location to another to meet supply chain and delivery requirements. Logistics and transportation services are rising due to the rapid growth of e-commerce, which has significantly increased the demand for fast, reliable, and widespread delivery networks to meet consumer expectations. Heavy-duty trucks’ steering systems benefit logistics and transportation as they enhance vehicle maneuverability and control, enabling safer and more efficient navigation through varied routes and challenging driving conditions. For instance, in June 2024, according to the report published by the Logistics UK, a UK-based trade association, as of March 2023, there were 214,160 logistics enterprises in the UK. Therefore, the rising demand for efficient logistics and transportation services will boost the growth of the heavy-duty trucks steering system market.
Heavy Duty Trucks Steering System Market Segment Analysis: What Are The Core Market Categories?
The heavy duty trucks steering system market covered in this report is segmented –
1) By Component Type: Steering Gear Boxes, Steering Columns, Power Steering Pumps, Steering Linkages, Steering Racks
2) By Technology: Hydraulic Power Steering, Electric Power Steering, Electro-Hydraulic Power Steering
3) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
4) By Application: Heavy Truck, Semi-Trailer Tractor, Other Applications
5) By End-User Industry: Construction, Logistics And Freight, Agriculture, Mining, Utilities
Subsegments:
1) By Steering Gear Boxes: Worm And Sector, Worm And Roller, Rack And Pinion, Recirculating Ball
2) By Steering Columns: Tilt Steering Column, Telescopic Steering Column, Rigid Steering Column, Collapsible Steering Column
3) By Power Steering Pumps: Vane Pumps, Roller Pumps, Gear Pumps, Electrically Assisted Pumps
4) By Steering Linkages: Pitman Arm, Idler Arm, Center Link, Tie Rods, Drag Link
5) By Steering Racks: Manual Steering Rack, Hydraulic Power Steering Rack, Electric Power Steering Rack, Electro-Hydraulic Power Steering Rack
Heavy Duty Trucks Steering System Market Trends Powering Strategic Industry Growth
Major companies operating in the heavy-duty trucks steering system market are focusing on developing modular rack-assist electric power steering (mREPS) system to assist the driver in turning the steering wheel. The modular rack-assist electric power steering (mREPS) system is a type of electric power steering (EPS) technology that is mounted directly on the steering rack and is characterized by its modular and scalable design. For instance, in April 2023, Nexteer Automotive, a US-based motion control technology company, launched its modular rack-assist electric power steering (mREPS) system, expanding its suite of cost-effective, modular electric power steering (EPS) solutions. This move is aimed at providing automotive manufacturers (OEMs) with greater flexibility, scalability, and efficiency-particularly for heavier vehicles such as electric vehicles (EVs) and light commercial vehicles. mREPS leverages Nexteer’s established EPS building blocks, enabling rapid adaptation to different vehicle platforms and reducing both development time and costs for OEMs. The system uses custom-developed torque and position sensors for responsive, precise steering control.
Heavy Duty Trucks Steering System Market Top Companies Driving Competitive Growth
Major companies operating in the heavy duty trucks steering system market report include Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, Thyssenkrupp AG, Continental AG, Hyundai Mobis Co., Magna International Inc., Mitsubishi Electric Corporation, Aisin Seiki Co. Ltd., Schaeffler AG, Parker Hannifin Corp., JTEKT Corporation, Dana Incorporated, NSK Ltd., HL Mando Corp., Nexteer Automotive, KYB Corporation, Haldex Ltd., China Automotive Systems Inc., Hitachi Astemo Americas Inc
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Heavy Duty Trucks Steering System Market Geographic Spread And Regional Opportunities
North America was the largest region in the heavy duty trucks steering system market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the heavy duty trucks steering system market report include 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.
