Global Heavy-duty Trucks Steering System Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Component;

Steering Gear, Steering Column, Steering Wheel, Hydraulic Pump, and Others.

By Type;

Electric Power Steering (EPS) and Electro-Hydraulic Power Steering (EHPS).

By Application;

Heavy Truck and Semi-Trailer Tractor.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn098751673 Published Date: March, 2025 Updated Date: May, 2025

Introduction

Global Heavy-duty Trucks Steering System Market (USD Million), 2021 - 2031

In the year 2024, the Global Heavy-duty Trucks Steering System Market was valued at USD 5265.96 million. The size of this market is expected to increase to USD 6929.64 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.

The Global Heavy-duty Trucks Steering System Market is experiencing substantial growth, driven by the increasing demand for advanced steering systems in heavy-duty trucks worldwide. Heavy-duty trucks play a crucial role in various industries such as construction, mining, transportation, and logistics, requiring robust steering systems to ensure safe and efficient operation. These steering systems are essential for maneuvering heavy loads, navigating challenging terrain, and enhancing driver comfort and control.

The market is witnessing significant growth due to several factors, including the expansion of the transportation and logistics industry, increasing demand for heavy-duty trucks, and technological advancements in steering system design. Moreover, stringent safety regulations and a growing focus on vehicle efficiency and driver comfort are driving the adoption of advanced steering systems in heavy-duty trucks. Additionally, the aftermarket segment is experiencing substantial growth, driven by the increasing demand for replacement parts and upgrades to existing heavy-duty truck steering systems.

With rising investments in infrastructure development, construction activities, and transportation networks globally, the demand for heavy-duty truck steering systems is expected to continue growing in the coming years. Manufacturers are focusing on product innovation, research, and development to meet the evolving needs of heavy-duty truck operators and capitalize on emerging opportunities in the market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Heavy-duty Trucks Steering System Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Focus on driver comfort
        2. Adoption of electric steering
        3. Regulations promoting vehicle efficiency
        4. Rising fleet size
        5. Demand for off-road trucks
      2. Restraints
        1. High initial investment
        2. Volatility in raw material prices
        3. Stringent safety regulations
        4. Maintenance and repair costs
        5. Limited aftermarket support
      3. Opportunities
        1. Adoption of advanced steering technologies
        2. Integration of electric power steering
        3. Growth in emerging markets
        4. Development of autonomous steering systems
        5. Focus on fuel efficiency
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Heavy-duty Trucks Steering System Market, By Component, 2021 - 2031 (USD Million)
      1. Steering Gear
      2. Steering Column
      3. Steering Wheel
      4. Hydraulic Pump
      5. Others
    2. Global Heavy-duty Trucks Steering System Market, By Type, 2021 - 2031 (USD Million)
      1. Electric Power Steering (EPS)
      2. Electro-Hydraulic Power Steering (EHPS)
    3. Global Heavy-duty Trucks Steering System Market, By Application, 2021 - 2031 (USD Million)
      1. Heavy Truck
      2. Semi-Trailer Tractor
    4. Global Heavy-duty Trucks Steering System Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ZF Friedrichshafen AG
      2. TRW Automotive Holdings Corp. (ZF TRW)
      3. Thyssenkrupp AG
      4. Nexteer Automotive
      5. JTEKT Corporation
      6. NSK Ltd.
  7. Analyst Views
  8. Future Outlook of the Market