Global and Japan Medium and Heavy-duty Truck Steering System Market Insights, Forecast to 2027

Medium and Heavy-duty Truck Steering System refers to a series of devices used to change or maintain the direction of the truck; its function is to control the direction according to the driver’s aim.
Geographically, the global Medium and Heavy-duty Truck Steering System market have been segmented into North America, Europe, Asia-Pacific, South America, Middle East & Africa. The Asia-Pacific held the largest share in the global market, which accounts for over 77%.
The leading manufacturers mainly are Bosch, ZF, Nexteer, RH Sheppard (Knorr-Bremse), Hitachi (Knorr-Bremse), CAAS, JTEKT, Mando, etc.
There are mainly three types of product of Medium and Heavy-duty Truck Steering System market: Hydraulic Power Steering, Electric Power Steering, Electro-Hydraulic Power Steering. Hydraulic Power Steering accounted for a share about 55% in the global Medium and Heavy-duty Truck Steering System market. And in terms of application, it is widely used in Heavy- Duty Truck, next is Medium-Duty Truck.

Market Analysis and Insights: Global and Japan Medium and Heavy-duty Truck Steering System Market
This report focuses on global and Japan Medium and Heavy-duty Truck Steering System market.
In 2020, the global Medium and Heavy-duty Truck Steering System market size was US$ 1916 million and it is expected to reach US$ 2223.6 million by the end of 2027, with a CAGR of 2.2% during 2021-2027. In Japan the Medium and Heavy-duty Truck Steering System market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Medium and Heavy-duty Truck Steering System Scope and Market Size
Medium and Heavy-duty Truck Steering System market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Medium and Heavy-duty Truck Steering System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For Japan market, this report focuses on the Medium and Heavy-duty Truck Steering System market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in Japan.

Segment by Type
Hydraulic Power Steering
Electric Power Steering
Electro-Hydraulic Power Steering

Segment by Application
Heavy-Duty Truck
Medium-Duty Truck

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Colombia
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
Robert Bosch GmbH
ZF
Nexteer
RH Sheppard Co., Inc
Hitachi
CAAS
JTEKT
Mando