Medium And Heavy-Duty Truck Steering System Market Landscape 2025: Forecast Data and Growth Strategy Insights

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What Is the Expected CAGR for the Medium And Heavy-Duty Truck Steering System Market Through 2025?
The market for steering systems in medium and heavy-duty trucks has shown a significant increase in its size in the past years. The market is projected to amplify from $2.42 billion in 2024 to approximately $2.59 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.7%. This positive growth during the historic period can be ascribed to multiple factors. These include the rising government regulations around the safety standards of vehicles, an upward trend in the demand for efficient fuel steering systems, and an enhanced adoption of autonomous as well as semi-autonomous trucks. Furthermore, the initiatives towards fleet modernization are on the rise, as well as the growing incorporation of telematics and intelligent steering systems.

What's the Projected Size of the Global Medium And Heavy-Duty Truck Steering System Market by 2029?
The market size for medium and heavy-duty truck steering systems is predicted to experience substantial growth in the coming years, reaching $3.3 billion in 2029 with a compound annual growth rate (CAGR) of 6.3%. This projected growth for the forecast period can be tied to the surging demand for commercial freight transport, significant investments in the enhancement of road infrastructure, the escalating adoption of cutting-edge steering technologies, increasing preference for electric power steering, and a surge in e-commerce activities. Key trends observed during the forecast period encompass advanced driver assistance systems, the evolution of autonomous steering technologies, the integration of electric steering systems, the forging of steer-by-wire systems, and the assimilation of advanced driver assistance systems.

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Top Growth Drivers in the Medium And Heavy-Duty Truck Steering System Industry: What's Accelerating the Market?
The growth of the medium- and heavy-duty truck steering system market is expected to be fuelled by the escalating demand for freight transport. This type of transport, which encompasses the transportation of goods, cargo, and commodities from one point to another, has seen a surge due to the rapid expansion of e-commerce. This has led to a significant increase in the need for prompt and regular delivery of products to consumer's doorsteps. The medium- and heavy-duty truck steering system plays a vital role in freight transport, guarantying precise handling and stability, which consequently allows for safe and efficient conveyance of hefty loads over extended distances. For example, the National Transportation Research Group, a US-based non-profit group, reported in December 2023 that in 2022, approximately 19.7 billion tons of cargo valued at approximately $18.8 trillion in total were managed by the U.S. freight system. This equates to a daily average of around 54 million tons and $52 billion in freight value. Therefore, the growing need for freight transport is stimulating the expansion of the medium- and heavy-duty truck steering system market.

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What Trends Will Shape the Medium And Heavy-Duty Truck Steering System Market Through 2029 and Beyond?
Key businesses in the medium- and heavy-duty truck steering system market, including the likes of Nexteer Automotive Group Ltd, are investing in cutting-edge technology like electric power steering (EPS) to cater to the surging need for eco-friendly transport options. EPS, which relies on an electric motor for steering assistance, is energy-efficient, as it only consumes power when necessary, thereby putting less strain on the engine and enhancing fuel efficiency. This technology can be customized to provide different levels of assistance based on speed or the driver's desires, improving comfort and handling. In March 2025, Nexteer, a U.S. firm known for its automotive innovations, introduced a rear-wheel steering (RWS) system. The RWS system, which is designed for affordability, lightweight, durability, and easy integration, is aimed at improving vehicle maneuverability, stability, safety and overall driving experience, especially for large vehicles such as trucks, SUVs, and electric vehicles. Nexteer's RWS enables the rear wheels to turn up to 12 degrees in sync with the front wheels, thereby improving control over a range of speeds, reducing the turning radius for sharp turns, and enhancing stability during unplanned lane switches.

What Are the Main Segments in the Medium And Heavy-Duty Truck Steering System Market?
The medium and heavy-duty truck steering system market covered in this report is segmented -

1) By Type: Hydraulic Steering Systems, Electric Steering Systems, Electro-Hydraulic Steering Systems
2) By Component: Steering Wheel, Steering Column, Steering Pump, Steering Gear, Steering Linkage, Steering Fluid Reservoir
3) By Vehicle Type: Medium-Duty Trucks, Heavy-Duty Trucks
4) By Application: Transportation And Logistics, Construction, Agriculture, Mining, Oil And Gas
5) By End-User: Original Equipment Manufacturer, Aftermarket

Subsegments:
1) By Hydraulic Steering Systems: Integral Hydraulic Steering, Power-Assisted Hydraulic Steering, Recirculating Ball Steering
2) By Electric Steering Systems: Column-Mounted Electric Power Steering (Ceps), Pinion-Mounted Electric Power Steering (Peps), Rack-Mounted Electric Power Steering (Reps)
3) By Electro-Hydraulic Steering Systems: Electric Over Hydraulic Steering, Electro-Hydraulic Power Steering, Hybrid Steering Systems

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Which Top Companies are Driving Growth in the Medium And Heavy-Duty Truck Steering System Market?
Major companies operating in the medium and heavy-duty truck steering system market are Robert Bosch GmbH, ZF Friedrichshafen AG, Volvo Group, Thyssenkrupp AG, Continental AG, Hyundai Mobis Co. Ltd., Magna International Inc., Tenneco Inc., Schaeffler Group, JTEKT Corporation, NSK Ltd., Knorr-Bremse AG, Nexteer Automotive, MOOG Inc., Rane Holdings Limited., Hitachi Astemo Ltd., Pailton Engineering Ltd., WABCO Vehicle Control Systems, Mando Corporation, Brogen EV Solution.

Which Regions Will Dominate the Medium And Heavy-Duty Truck Steering System Market Through 2029?
North America was the largest region in the medium and heavy-duty truck steering system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medium and heavy-duty truck steering system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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