Commercial Vehicle (CV) Active Power Steering Market Report by Trends, Drivers, and Challenges - 2025

The market for active power steering in Commercial Vehicles (CV) is projected to expand significantly, with an increase from 12,572 units in 2016 to an impressive 955,233 units by 2025, reflecting a compound annual growth rate (CAGR) of 18.38% from 2017 to 2025. A considerable number of manufacturers are transitioning to Electric Power Steering (EPS) systems, as the removal of engine-driven hydraulic pumps can enhance fuel efficiency by approximately 1 mile per gallon. Consequently, the Electric Power Steering segment was the frontrunner in the global Commercial Vehicle active power steering market in 2015 and is anticipated to maintain its leading position throughout the forecast period. Nevertheless, safety remains a critical concern in heavy commercial vehicles. Automotive manufacturers are enhancing existing steering systems by incorporating new safety features into hydraulic steering systems, such as active steering technologies.

A significant trend expected to influence the market in the near future is the development of advanced assistance functions for power steering systems. These advanced active power steering systems are designed to work seamlessly with sophisticated assistance technologies, and in the coming years, we can expect to see a variety of innovative assistance functions for steering that are currently under development. The integration of these assistance functions with steering systems has the potential to greatly improve the overall performance of assistance systems, particularly when steering data is combined with these functions.

The Commercial Vehicles active power steering market is categorized by application into medium and heavy commercial vehicles. The majority of vehicles in the medium and heavy categories predominantly utilize hydraulic power steering systems. Only a limited number of Medium Commercial Vehicles (MCVs) are equipped with electric steering solutions, and currently, none of the Heavy Commercial Vehicles (HCVs) employ electrified steering due to the load constraints on the front axle. However, Light Commercial Vehicles (LCVs) are widely recognized for their adoption of active steering systems using EPS technology. It is expected that heavy vehicles will be the first to implement these systems, followed by medium vehicles.

The overall market size has been determined through a combination of primary and secondary research methods. The research process initiates with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. Additionally, primary interviews are conducted with industry stakeholders and experts to validate the findings and analyses. Participants in this research typically include industry professionals such as Vice Presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the active power steering sector.