Press release
Commercial Vehicle Active Power Steering Market 2018-2025 Size, Share, Overview, Industry Segmentation, Trends and Opportunities
The Insight Partners
Commercial Vehicles (CV) Active Power Steering system reduces a driver’s driving efforts by providing additional steering module to assist in turning the vehicle, and eases the parking at low speed driving, especially for heavy commercial vehicles. In the present scenario, fuel efficient driving solutions, driver’s road safety and ease in driving with less efforts applied, are considered critically important in the automotive industry. Even developing countries in Asia are focusing strongly on these critical aspects and are expected to adopt active power steering significantly in the coming years. In the global active power steering market North America has come up as the major contributor in terms of revenues, due to its developed economy, strong infrastructure, and significantly growing construction and logistic industries. North America and APAC regions are also following Europe, and are estimated to contribute considerably in the total global market. Global Commercial Vehicles (CV) active power steering system market volume is expected to grow from 12,572 units in 2016 to 955,233 units by 2025 at a CAGR of 18.38% between 2017 and 2025.
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The report focuses on an in-depth segmentation of this market based by type and application. The geographic segmentation of the report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America (SA). The regional market has been further bifurcated by respective countries. By application, heavy commercial vehicles segment account for the largest share of the Commercial Vehicles (CV) active power steering market in 2015; whereas, Europe and North America regions are expected to grow at the highest CAGR during the forecast period.
The report aims to provide an overview of global Commercial Vehicles (CV) active power steering market with detailed market segmentation. Also, it analyzes the current Commercial Vehicles (CV) active power steering market scenario and forecasts the market till 2025. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provide regional PEST analysis for the active power steering market, and SWOT analysis for all company profiled in the report.
The report focuses on an in-depth segmentation of this market based by type and application. The geographic segmentation of the report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America (SA). The regional market has been further bifurcated by respective countries. By application, heavy commercial vehicles segment account for the largest share of the Commercial Vehicles (CV) active power steering market in 2015; whereas, Europe and North America regions are expected to grow at the highest CAGR during the forecast period.
Europe is one of the prominent regions in Commercial Vehicles (CV) active power steering market which holds the largest market share, due to technological developments and considerable implementation of Commercial Vehicles (CV) active power steering technology in different application segment. Rapidly growing logistics economies in Asia-Pacific (APAC) with significant growth in e-commerce will pave the path for increasing adoption and propel the market for Commercial Vehicles (CV) active power steering market. The region is expected to lead the market with highest CAGR during the forecast period.
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The report segments the global Commercial Vehicle (CV) Active Power Steering market as follows:
Global Commercial Vehicle (CV) Active Power Steering Market – By Type
- Electric Power Steering (EPS)
- Electro-Hydraulic Power Steering (EHPS)
Global Commercial Vehicle (CV) Active Power Steering Market – By Application
- Medium Commercial Vehicle
- Heavy Commercial Vehicle
Global Commercial Vehicle (CV) Active Power Steering Market – By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- U.K.
- Rest of Europe
Asia Pacific (APAC)
- Japan
- China
- India
- Australia
- Rest of APAC
Middle East & Africa (MEA)
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
South America (SA)
- Brazil
- Rest of SA
Commercial Vehicle Active Power Steering Market Players:
Ognibene.
tedrive Steering Systems GmbH.
Bosch.
Knorr-Bremse.
BMW.
Volvo.
Daimler
View Complete Report at http://www.theinsightpartners.com/reports/commercial-vehicle-cv-active-power-steering-market
Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
About The Insight Partners:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
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