Medium & Heavy Commercial Vehicle Power Steering Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, By Mechanism (Electronic power steering (EPS), Hydraulic power steering (HPS) and Electro-Hydraulic Power Steering), By Component (Hydraulic Pump, Sensors, Electric Motor and other components), By Region & Competition. 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 8.87 Billion
CAGR (2026-2031)	9.05%
Fastest Growing Segment	Electronic Power Steering
Largest Market	Asia Pacific
Market Size (2031)	USD 14.92 Billion

Market Overview

The Global Medium & Heavy Commercial Vehicle Power Steering Market will grow from USD 8.87 Billion in 2025 to USD 14.92 Billion by 2031 at a 9.05% CAGR. The Global Medium & Heavy Commercial Vehicle Power Steering Market encompasses hydraulic, electro-hydraulic, and electric assisting systems designed to reduce driver effort and ensure directional stability in large trucks and buses. The primary drivers fueling market growth include the escalating global demand for freight transportation, which necessitates robust fleet expansion, and stringent safety regulations mandating driver assistance technologies to reduce fatigue. Furthermore, substantial infrastructure development projects worldwide are increasing the requirement for heavy-duty vocational vehicles equipped with durable steering mechanisms. According to the American Trucking Associations, in 2024, domestic truck tonnage shipped in the United States was estimated at 11.27 billion tons, underscoring the sustained critical reliance on road logistics which directly supports vehicle demand.

However, a significant challenge hindering market expansion is the cyclical nature of the commercial vehicle industry, where economic instability often reduces fleet renewal budgets. This volatility can lead to sharp declines in new vehicle production orders, forcing manufacturers to delay the adoption of advanced, higher-cost steering technologies essential for modernizing global logistics fleets.

Key Market Drivers

The Expansion of Global Logistics and Freight Transportation Networks acts as a primary catalyst for the medium and heavy commercial vehicle power steering market. As international trade volumes rise, logistics providers are compelled to upgrade and expand their fleets to handle heavier payloads over longer distances, directly increasing the manufacturing demand for robust steering systems that ensure maneuverability and safety under high-load conditions. This trend is particularly evident in major manufacturing hubs where domestic and export demands are synchronizing to drive production. According to the China Association of Automobile Manufacturers, November 2025, commercial vehicle sales in China increased by 9.0% year-on-year during the first ten months of 2025, reflecting the intensified procurement of vocational vehicles. Even in established markets where replacement cycles fluctuate, the baseline volume for steering component integration remains substantial; according to the European Automobile Manufacturers’ Association, January 2025, in the 'Commercial Vehicle Registrations' report, new EU truck registrations totalled 327,896 units in 2024.

Concurrently, the Accelerating Electrification of Commercial Vehicle Fleets is fundamentally reshaping steering technology requirements. The transition from internal combustion engines to electric powertrains necessitates the adoption of energy-efficient steering solutions, such as electric power steering (EPS) or electro-hydraulic systems, which operate independently of a combustion engine and support battery conservation. This technological pivot is driving higher value per unit in the steering market as OEMs integrate these advanced mechanisms to accommodate heavy battery weights while maintaining driver control. According to the International Energy Agency, April 2025, in the 'Global EV Outlook 2025', global electric truck sales grew by almost 80% in 2024, highlighting the aggressive pace at which logistics companies are adopting these new platforms to meet emission mandates.

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Key Market Challenges

The cyclical nature of the commercial vehicle industry represents a significant restraint on the medium and heavy commercial vehicle power steering market. Economic fluctuations often dictate fleet renewal budgets, causing logistics operators to delay capital expenditures during periods of financial uncertainty. When economic conditions weaken, fleet owners frequently choose to extend the lifecycle of their current assets rather than purchasing new trucks and buses. This reduction in demand for new vehicles forces original equipment manufacturers to scale back production targets, which directly decreases the volume of orders for essential components such as hydraulic and electric power steering systems.

This volatility hampers the consistent adoption of steering technologies, as suppliers face unpredictable revenue streams dependent on global economic health. The impact of such market contractions is evident in recent regional performance data. According to the European Automobile Manufacturers’ Association, in the first three quarters of 2024, new heavy-duty truck registrations in the European Union decreased by 7.5 percent to 249,708 units compared to the previous year. A decline in vehicle registrations of this magnitude directly correlates to reduced installation rates for steering units, limiting overall market expansion and revenue growth for component manufacturers.

Key Market Trends

The Commercial Adoption of Steer-by-Wire Technology is fundamentally altering the Global Medium & Heavy Commercial Vehicle Power Steering Market by replacing traditional mechanical columns with digital command interfaces. This shift removes physical linkages between the steering wheel and road wheels, thereby enabling highly flexible cabin designs and reducing vibration transmission to the driver. The technology is rapidly gaining traction as a prerequisite for next-generation software-defined vehicles, particularly in the Asian and North American markets where digitalization is a priority. According to Nexteer Automotive, March 2025, in the '2024 Year End Results', the company secured its first Steer-by-Wire booking with a leading Chinese OEM, contributing to a record booking total of $6.0 billion driven largely by the demand for such advanced digital steering solutions.

Simultaneously, the Integration of Steering Systems with Advanced Driver Assistance Systems (ADAS) is necessitating the development of robust, fail-operational architectures capable of autonomous control. Manufacturers are extensively re-engineering chassis platforms to include redundant steering actuators that can maintain directional authority electronically without human intervention, a critical requirement for Level 4 autonomous logistics. This trend is driving higher engineering complexity and value per unit as steering systems become central nodes in the safety network. According to Daimler Truck, April 2025, in the 'Daimler Truck delivers latest iteration of autonomous-ready truck platform' press release, the company incorporated over 1,500 new engineering requirements into the Freightliner Cascadia platform, largely focused on ensuring the redundancy of steering and braking systems to support safe autonomous driving.

Segmental Insights

In the Global Medium & Heavy Commercial Vehicle Power Steering Market, the Electronic Power Steering segment is currently recognized as the fastest-growing category. This rapid expansion is primarily driven by the industry-wide transition toward electrification and heightened fuel efficiency standards, as electronic systems eliminate the continuous energy drain associated with traditional hydraulic pumps. Furthermore, the integration of Advanced Driver Assistance Systems (ADAS) acts as a critical catalyst; features such as lane-keeping assist and autonomous navigation require the precise digital control that only electronic steering provides. Regulatory mandates from institutions like the European Union, particularly under the General Safety Regulation, further compel manufacturers to adopt these compliant technologies to meet stringent safety and emission targets.

Regional Insights

Asia Pacific commands the Global Medium & Heavy Commercial Vehicle Power Steering Market due to extensive manufacturing activities in China and India. The region experiences high demand for heavy-duty trucks to support rapid infrastructure development and logistics networks. Data from the China Association of Automobile Manufacturers indicates sustained growth in commercial vehicle production, directly influencing component demand. Furthermore, stricter safety regulations regarding vehicle stability and driver fatigue management enforce the installation of assisted steering systems. These economic and regulatory factors collectively establish the region as the primary hub for market expansion.

Recent Developments

• In March 2025, Nexteer Automotive launched a new Rear-Wheel Steering (RWS) system specifically engineered to improve the maneuverability and stability of heavy vehicles, including trucks and large electric platforms. The system was designed to allow rear wheels to steer up to 12 degrees in coordination with the front axle, significantly reducing the turning radius during low-speed operations such as parking or navigating tight spaces. For higher speeds, the technology enhances chassis responsiveness and safety during lane changes. The company emphasized that this solution prioritizes cost-effectiveness and lightweight design, allowing original equipment manufacturers to integrate the system with minimal impact on fuel efficiency.
• In September 2024, Knorr-Bremse presented its advanced steering portfolio for commercial vehicles at the IAA Transportation trade fair. The company highlighted its Electric Power Steering (EPS) and Advanced Hybrid Power Steering (AHPS) systems, which were developed to support the industry's shift toward electrification and automated driving. The fully electric EPS system utilizes a power-on-demand principle to lower energy consumption and carbon emissions, while the electrohydraulic AHPS system employs torque overlay technology to augment driver steering input. These innovations are critical for enabling advanced driver assistance features and ensuring compliance with evolving safety regulations in the heavy-duty commercial vehicle market.
• In August 2024, Bosch expanded its commercial vehicle offerings by introducing the ServoE, a fully electric steering system tailored for heavy-duty trucks. This electromechanical solution was developed to facilitate oil-free assembly and eco-friendly driving through its power-on-demand functionality. The system features a redundant architecture capable of supporting automated driving functions up to SAE Level 4. Alongside this launch, the company showcased its Servotwin electrohydraulic steering system, which integrates hydraulic steering with scalable electronic servo units. This combination allows for advanced driver assistance capabilities, such as lane-keeping support, ensuring that heavy commercial vehicles can meet modern safety and performance standards.
• In July 2024, ZF Friedrichshafen AG announced the expansion of its cubiX vehicle motion control software to the commercial vehicle sector. Originally developed for passenger cars, this software platform interconnects and coordinates active and semi-active actuators across the vehicle's steering, braking, and driveline systems. By centralizing the management of these dynamics, the technology optimizes handling, stability, and ride comfort for heavy-duty trucks. The system enables manufacturers to customize driving characteristics and simplifies the integration of advanced driver assistance systems, thereby supporting the development of increasingly automated functions within the global logistics and transportation industry.

Key Market Players

• JTEKT corporation
• ZF Friedrichshafen AG
• Robert Bosch GmbH
• Nexteer Automotive Corporation
• NSK Ltd.
• Mitsubishi Electric Corporation
• HL Mando Corp.
• Hyundai Mobis
• Hitachi Astemo, Ltd.
• Thyssenkrupp AG

By Mechanism	By Component	By Region
Electronic power steering (EPS) Hydraulic power steering (HPS) and Electro-Hydraulic Power Steering	Hydraulic Pump Sensors Electric Motor and other components	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Medium & Heavy Commercial Vehicle Power Steering Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Medium & Heavy Commercial Vehicle Power Steering Market, By Mechanism:

• Electronic power steering (EPS)
• Hydraulic power steering (HPS) and Electro-Hydraulic Power Steering

• Medium & Heavy Commercial Vehicle Power Steering Market, By Component:

• Hydraulic Pump
• Sensors
• Electric Motor and other components

• Medium & Heavy Commercial Vehicle Power Steering Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE