Commercial Vehicle (CV) Active Power Steering Market Report 2025 – Strategic Insights for Companies Seeking Expansion, Growth & Competitive Advantage

For business leaders, corporate strategists, and growth-focused teams – this report delivers deep market intelligence, forecasts, segmentation, and competitor insights to guide your decisions through 2034.

What are the growth projections for the commercial vehicle (cv) active power steering market from 2024 to 2029?
The commercial vehicle (CV) active power steering market size has grown strongly in recent years. It will grow from $5.28 billion in 2024 to $5.78 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to growth in commercial vehicle production, increasing demand for driver safety features, growth of the electric vehicle (EV), increasing focus on vehicle maneuverability, and improvements in automotive manufacturing.

The commercial vehicle (CV) active power steering market size is expected to see strong growth in the next few years. It will grow to $8.24 billion in 2029 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to increasing demand for driver comfort, rising adoption of electric and hybrid commercial vehicles, stringent safety regulations, rising demand for fuel efficiency, and growing focus on vehicle automation. Major trends in the forecast period include integration with advanced driver-assistance systems, use of artificial intelligence for steering control, steer-by-wire technology adoption, development of lightweight steering components, real-time data analytics for performance optimization, and connectivity with telematics systems.

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What strategic initiatives by market players are driving commercial vehicle (cv) active power steering industry growth?
The increasing demand for fuel-efficient vehicles is expected to propel the growth of the commercial vehicle (CV) active power steering market going forward. Fuel-efficient vehicles refer to cars, trucks, or other transportation modes designed to use less fuel to travel the same distance compared to conventional vehicles. The rise in fuel-efficient vehicles is driven by increasing fuel costs and growing environmental concerns as consumers and governments seek to reduce emissions and lower overall transportation expenses. Commercial vehicle (CV) active power steering enhances fuel-efficient vehicles by offering improved steering precision and reduced energy consumption, making them more efficient and easier to maneuver. It supports smoother driving experiences, contributing to overall vehicle performance and fuel savings. For instance, in May 2024, according to the International Energy Agency, a France-based intergovernmental organization, electric car sales have been steadily increasing, reaching 14 million (18%) in 2023, up from 3 million (4%) in 2020. Therefore, the increasing demand for fuel-efficient vehicles is driving the growth of the commercial vehicle (CV) active power steering market.

What emerging segments are shaping the future landscape of the commercial vehicle (cv) active power steering industry?
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 Technology: Steer-by-Wire, Variable Gear Ratio, Active Rear Steering
3) By Equipment: Steering Racks, Steering Columns, Steering Wheels
4) By Application: Light Commercial Vehicles (LCV), Medium Commercial Vehicles (MCV), Heavy Commercial Vehicles (HCV)
5) By End User: Original Equipment Manufacturer (OEM), After market

Subsegments:
1) By Hydraulic Power Steering: Fully Hydraulic Power Steering, Hydraulic Steering Gear, Hydraulic Steering Pumps, Hydraulic Actuators
2) By Electric Power Steering: Column-Assisted Electric Power Steering (C-EPS), Rack-Assisted Electric Power Steering (R-EPS), Pinion-Assisted Electric Power Steering (P-EPS), Fully Electric Power Steering (F-EPS)
3) By Electro-Hydraulic Power Steering: Electric-Hydraulic Steering Gear, Electric-Hydraulic Steering Pumps, Electro-Hydraulic Actuators, Hybrid Electric Power Steering Systems

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What are the top market trends driving innovation in the commercial vehicle (cv) active power steering industry?
Major companies operating in the commercial vehicle (CV) active power steering market are focusing on the adoption of advanced technologies such as electric power steering technology to enhance fuel efficiency, reduce emissions, improve steering precision, and support autonomous driving capabilities. Electric power steering (EPS) technology is a system that uses an electric motor, rather than hydraulic fluid, to assist the driver in steering the vehicle, improving efficiency and enabling integration with advanced driver assistance systems (ADAS). For instance, in April 2025, Nexteer Automotive, a US-based steering and driveline technology company, launched high-output column-assist electric power steering (HO CEPS). This system increases steering assist capacity up to 110 Nm, enabling its application in larger and heavier vehicles, including those that traditionally required more complex steering systems.

How are key players in the commercial vehicle (cv) active power steering market strengthening their market position?
Major companies operating in the commercial vehicle (CV) active power steering market are Robert Bosch GmbH, ZF Friedrichshafen AG, Thyssenkrupp AG, Continental AG, Hyundai Motor Company, Mitsubishi Electric Corporation, Schaeffler AG, Parker Hannifin Corporation, Infineon Technologies AG, JTEKT Corporation, Dana Inc., MAN Truck & Bus, NSK Ltd., Knorr-Bremse AG, Mando Corporation, Nexteer Automotive, Hitachi Astemo Ltd., Ognibene Power SpA, Delphi Technologies, Brogen EV Solution.

Which geographic areas are contributing significantly to the growth of the commercial vehicle (cv) active power steering sector?
North America was the largest region in the commercial vehicle (CV) active power steering market in 2024. 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, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Can Companies Use The Commercial Vehicle (CV) Active Power Steering Market Report to Drive Business Results?
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:
• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.

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