Commercial Vehicle (CV) Active Power Steering Industry - Know the Prominent Factors That Will Help in Reshaping the Market Growth

Active power steering is a type of power steering that uses a motor to assist in turning the wheels. This type of power steering is often used in larger vehicles, such as commercial vehicles, because it can provide more power and assistance than a traditional power steering system. Active power steering can make it easier to turn the wheels, even when the vehicle is moving at high speeds, and can also help to reduce the amount of effort required to turn the wheel.

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Key Trends:
One of the key trends in Commercial Vehicle (CV) Active Power Steering technology is the development of electric power steering (EPS). This is in response to the need for more fuel efficient vehicles, as EPS systems do not require the engine to be constantly running to power the steering.

Another trend is the development of systems that can provide a more customized steering feel for the driver, based on factors such as the type of load being carried or the road surface. This allows for a more comfortable and efficient driving experience.

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Key Drivers:
The key drivers of the commercial vehicle active power steering market are the increasing demand for commercial vehicles, the need for improved fuel economy, and the stringent emission norms. The active power steering system helps in reducing the fuel consumption and emission levels of commercial vehicles. It also provides better steering control and stability, which is essential for commercial vehicles.

Market Segments:
The Commercial Vehicle (CV) Active Power Steering Market is segmented by type, application and region. By type, the market is divided into electric power steering (EPS) and electro-hydraulic power steering (EHPS). Based on application, it is bifurcated into medium commercial vehicle, and heavy commercial vehicle. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

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Key Players:
The Commercial Vehicle (CV) Active Power Steering Market includes players such as ZF Friedrichshafen AG, tedrive steering systems GmbH, BMW AG, Ognibene Power SPA, AB Volvo, Daimler AG, Bosch, Knorr-Bremse, Thyssenkrupp and JTEKT Corporation.

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Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

This release was published on openPR.