Medium and Heavy-duty Truck Steering System Market

Medium and Heavy-duty Truck Steering System refers to a series of devices used to change or maintain the direction of the truck; its function is to control the direction according to the driver?s aim.

Medium and Heavy-duty Truck Steering System Market contains market size and forecasts of Medium and Heavy-duty Truck Steering System in global, including the following market information:

Global Medium and Heavy-duty Truck Steering System Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Medium and Heavy-duty Truck Steering System Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Medium and Heavy-duty Truck Steering System companies in 2021 (%)

The global Medium and Heavy-duty Truck Steering System market was valued at 2004.4 million in 2021 and is projected to reach US$ 2319.1 million by 2028, at a CAGR of 2.1% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Hydraulic Power Steering Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Medium and Heavy-duty Truck Steering System include Robert Bosch GmbH, ZF, Nexteer, RH Sheppard Co., Inc, Hitachi, CAAS, JTEKT and Mando, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Medium and Heavy-duty Truck Steering System manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Medium and Heavy-duty Truck Steering System Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Medium and Heavy-duty Truck Steering System Market Segment Percentages, by Type, 2021 (%)

Hydraulic Power Steering

Electric Power Steering

Electro-Hydraulic Power Steering

Global Medium and Heavy-duty Truck Steering System Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Medium and Heavy-duty Truck Steering System Market Segment Percentages, by Application, 2021 (%)

Heavy-Duty Truck

Medium-Duty Truck

Global Medium and Heavy-duty Truck Steering System Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Medium and Heavy-duty Truck Steering System Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Medium and Heavy-duty Truck Steering System revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Medium and Heavy-duty Truck Steering System revenues share in global market, 2021 (%)

Key companies Medium and Heavy-duty Truck Steering System sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Medium and Heavy-duty Truck Steering System sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Robert Bosch GmbH

ZF

Nexteer

RH Sheppard Co., Inc

Hitachi

CAAS

JTEKT

Mando