Light-duty Truck Steering System Market

By Steering System;

Manual and Power [Hydraulic Power Steering (HPS), Electric Power Steering (EPS) and Electro-hydraulic Power Steering (EHPS)]

By Vehicle;

Pickup Trucks [Manual and Power (Hydraulic Power Steering (HPS), Electric Power Steering (EPS) and Electro-hydraulic Power Steering (EHPS))] and Vans [Manual and Power (Hydraulic Power Steering (HPS), Electric Power Steering (EPS) and Electro-hydraulic Power Steering (EHPS))]

By Sales Channel;

OEM and Aftermarket

By Technology;

Hydraulic Steering, Electrically Assisted Steering and Autonomous Steering

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn604887496 Published Date: November, 2025 Updated Date: December, 2025

Light-duty Truck Steering System Market Overview

Light-duty Truck Steering System Market (USD Million)

Light-duty Truck Steering System Market was valued at USD 10528.99 million in the year 2024. The size of this market is expected to increase to USD 14815.35 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.


Light-duty Truck Steering System Market

*Market size in USD million

CAGR 5.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.0 %
Market Size (2024)USD 10528.99 Million
Market Size (2031)USD 14815.35 Million
Market ConcentrationMedium
Report Pages338
10528.99
2024
14815.35
2031

Major Players

  • ZF Friedrichshafen AG
  • Robert Bosch GmbH
  • JTEKT Corporation
  • Nexteer Automotive Group Limited
  • NSK Ltd.
  • Thyssenkrupp AG
  • Showa Corporation
  • Mando Corporation
  • Zhejiang Wanda Steering Gear Co., Ltd.
  • TRW Automotive Holdings Corp.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Light-duty Truck Steering System Market

Fragmented - Highly competitive market without dominant players


The Light-duty Truck Steering System Market is evolving rapidly as demand grows for vehicles with enhanced safety, efficiency, and driving performance. Advanced steering solutions are now integrated into over 40% of light-duty trucks, improving maneuverability, reducing fatigue, and aligning with the industry’s shift toward smarter vehicle designs.

Rising Demand for Advanced Systems
The transition to electronic power steering (EPS) and hybrid models is accelerating, with nearly 35% of manufacturers replacing conventional systems. These technologies reduce energy usage, enhance steering precision, and support the development of lightweight and sustainable vehicles. Their adoption underscores the rising preference for eco-friendly solutions across the automotive sector.

Focus on Safety and Comfort
Enhanced safety systems are driving adoption, with nearly 45% of fleets utilizing steering technologies that combine lane-keeping support and collision avoidance. These advancements meet regulatory standards while delivering superior comfort and stability, making long-haul operations more efficient and reliable for drivers.

Future Growth Outlook
The Light-duty Truck Steering System Market shows strong growth potential, powered by automation and strategic R&D initiatives. Over 55% of manufacturers intend to expand investments in advanced steering solutions, paving the way for innovation-driven expansion and broader integration across upcoming light-duty truck designs.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Steering System Type
    2. Market Snapshot, By Vehicle Type
    3. Market Snapshot, By Technology
    4. Market Snapshot, By Sales Channel
    5. Market Snapshot, By Region
  4. Light-duty Truck Steering System Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for Light-duty Trucks
        2. Technological Advancements
        3. Stringent Regulations Regarding Vehicle Safety
      2. Restraints
        1. High Initial Investment
        2. Market Saturation
        3. Regulatory Compliance
      3. Opportunities
        1. Rising Demand for Electric Power Steering (EPS)
        2. Integration of Advanced Technologies
        3. Demand for Autonomous Driving Features
    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. Light-duty Truck Steering System Market, By Steering System, 2021 - 2031 (USD Million)
      1. Key trends
      2. Manual
      3. Power
        1. Hydraulic power steering (HPS)
        2. Electric power steering (EPS)
        3. Electro-hydraulic power steering (EHPS)
    2. Light-duty Truck Steering System Market, By Vehicle, 2021 - 2031 (USD Million)
      1. Key trends
      2. Pickup Trucks
        1. Manual
        2. Power
          1. Hydraulic power steering (HPS)
          2. Electric power steering (EPS)
          3. Electro-hydraulic power steering (EHPS)
      3. Vans
        1. Manual
        2. Power
          1. Hydraulic power steering (HPS)
          2. Electric power steering (EPS)
          3. Electro-hydraulic power steering (EHPS)
    3. Light-duty Truck Steering System Market, By Sales Channel, 2021 - 2031 (USD Million)
      1. Key trends
      2. OEM
      3. Aftermarket
    4. Light-duty Truck Steering System Market, By Technology, 2021 - 2031 (USD Million)
      1. Key trends
      2. Hydraulic steering
      3. Electrically assisted steering
      4. Autonomous steering
    5. Light-duty Truck 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. Robert Bosch GmbH
      2. Daimler Truck AG
      3. ZF Friedrichshafen AG
      4. Thyssenkrupp AG
      5. Continental AG
      6. Magna International Inc.
      7. Valeo SA
      8. TRW Automotive Holdings Corp
      9. JTEKT Corporation
      10. Knorr-Bremse AG
      11. NSK Ltd.
      12. Mando Corporation
      13. MOOG Inc.
      14. Nippon Seiki Co Ltd.
      15. Nexteer Automotive Corporation
  7. Analyst Views
  8. Future Outlook of the Market