Commercial Vehicle (CV) Active Power Steering Market to 2025 – Global Analysis and Forecasts by Type (Electric Power Steering (EPS), Electro-Hydraulic Power Steering (EHPS)), Application (Medium Commercial Vehicle, and Heavy Commercial Vehicle)
Publication Month: Apr 2017
Report Code: TIPTE100000376 No. of Pages: 150 Category: Automotive and Transportation Status: Published
Commercial Vehicles (CV) active power steering market volume is expected to grow from 12,572 units in 2016 to 955,233 by 2025 at a CAGR of 18.38% between 2017 and 2025.
Large number of manufacturers are shifting towards EPS because eliminating an engine-driven hydraulic pump increases gas mileage by about 1 mpg. Therefore Electric power steering segment is leading the global Commercial Vehicle (CV) active power steering market in 2015, and is expected to continue its dominance during the forecast period. However, safety is one of the prime focus in heavy commercial vehicles. Automotive manufacturers are advancing existing steering systems by integrating new safety modules in hydraulic steering systems such as active steering.
Key trend which will predominantly effect the market in the coming years is advanced assistance functions of power steering. The advanced active power steering are known to be highly compatible with the advanced assistance systems and therefore in the years to come it may witness numerous improvised and novel assistance functions for steering, that presently are under development. These assistance functions when integrated with the steering systems can generate a significant improvisation in the assistance systems which can be further enhanced by the integration of steering data with the assistance functions.
Commercial Vehicles (CV) active power steering market by application is segmented into medium and heavy commercial vehicles. Majority of the commercial vehicles operating in the medium and heavy range are largely steered by hydraulic power steering. Very few MCVs use an electrified steering solution, while none of the HCVs are able to use electrified steering because of the front axle load. However, LCV`s remain the highly accepted vehicles with active steering in EPS. Heavy vehicles will observe the first implementations followed by medium vehicles.
The overall Commercial Vehicles (CV) active power steering market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the Commercial Vehicles (CV) active power steering market.
Some of the key players of Commercial Vehicles (CV) active power steering market includes
ZF Friedrichshafen AG
tedrive steering systems GmbH
BMW AG
Ognibene Power SPA
AB Volvo
Daimler AG
Large number of manufacturers are shifting towards EPS because eliminating an engine-driven hydraulic pump increases gas mileage by about 1 mpg. Therefore Electric power steering segment is leading the global Commercial Vehicle (CV) active power steering market in 2015, and is expected to continue its dominance during the forecast period. However, safety is one of the prime focus in heavy commercial vehicles. Automotive manufacturers are advancing existing steering systems by integrating new safety modules in hydraulic steering systems such as active steering.
Key trend which will predominantly effect the market in the coming years is advanced assistance functions of power steering. The advanced active power steering are known to be highly compatible with the advanced assistance systems and therefore in the years to come it may witness numerous improvised and novel assistance functions for steering, that presently are under development. These assistance functions when integrated with the steering systems can generate a significant improvisation in the assistance systems which can be further enhanced by the integration of steering data with the assistance functions.
Commercial Vehicles (CV) active power steering market by application is segmented into medium and heavy commercial vehicles. Majority of the commercial vehicles operating in the medium and heavy range are largely steered by hydraulic power steering. Very few MCVs use an electrified steering solution, while none of the HCVs are able to use electrified steering because of the front axle load. However, LCV`s remain the highly accepted vehicles with active steering in EPS. Heavy vehicles will observe the first implementations followed by medium vehicles.
The overall Commercial Vehicles (CV) active power steering market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the Commercial Vehicles (CV) active power steering market.
Some of the key players of Commercial Vehicles (CV) active power steering market includes
ZF Friedrichshafen AG
tedrive steering systems GmbH
BMW AG
Ognibene Power SPA
AB Volvo
Daimler AG
Table of Contents
List of Tables
List of Figures
1 Introduction
1.1 The Insight Partners Research Report Guidance
2 Key Takeaways
3 CV Active Power Steering Market Landscape
3.1 Overview
3.2 Market Segmentation
3.2.1 By Type
3.2.2 By Applications
3.3 PEST Analysis
3.3.1 North America – PEST Analysis
3.3.2 Europe – PEST Analysis
3.3.3 Asia Pacific (APAC) – PEST Analysis
3.3.4 Middle East and Africa (MEA) – PEST Analysis
3.3.5 South America (SAM) – PEST Analysis
4 CV Active Power Steering Market – Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
4.5 Technological Trends
4.6 Impact Analysis of Drivers and Restraints
5 CV Active Power Steering Market – Global Market Analysis
5.1 CV Active Power Steering Global Market Overview
5.2 CV Active Power Steering Global Market Volume and Forecast Analysis (Units)
6 CV Active Power Steering Market Volume and Forecasts to 2025 – Type
6.1 Electric Power Steering (EPS)
6.1.1 Electric Power Steering (EPS) CV Active Power Steering Market Overview
6.1.2 Electric Power Steering (EPS) CV Active Power Steering Market Volume and Forecasts to 2025 (Units)
6.2 Electro - Hydraulic Power Steering (EHPS)
6.2.1 Electro - Hydraulic Power Steering (EHPS) CV Active Power Steering Market Overview
6.2.2 Electro - Hydraulic Power Steering (EHPS) CV Active Power Steering Market Volume and Forecasts to 2025 (Units)
7 CV Active Power Steering Market Volume and Forecasts to 2025 – Applications
7.1 Medium Commercial Vehicle
7.1.1 Medium Commercial Vehicle Market Overview
7.1.2 Medium Commercial Vehicle Market Volume and Forecasts to 2025 (Units)
7.2 Heavy Commercial Vehicle
7.2.1 Heavy Commercial Vehicle Market Overview
7.2.2 Heavy Commercial Vehicle Market Volume and Forecasts to 2025 (Units)
8 CV Active Power Steering Market Volume and Forecasts to 2025 – Geographical Analysis
8.1 North America
8.1.1 North America CV Active Power Steering Market overview
8.1.2 North America CV Active Power Steering Market Volume and Forecasts to 2025 (Units)
8.1.2.1 North America CV Active Power Steering market forecast and analysis – By Countries
8.1.2.1.1 U.S market
8.1.2.1.2 Canada market
8.1.2.1.3 Mexico market
8.1.2.2 North America CV Active Power Steering market forecast and analysis – By Type
8.1.2.3 North America CV Active Power Steering market forecast and analysis – By Applications
8.2 Europe
8.2.1 Europe CV Active Power Steering Market overview
8.2.2 Europe CV Active Power Steering Market Volume and Forecasts to 2025 (Units)
8.2.2.1 Europe CV Active Power Steering market forecast and analysis – By Countries
8.2.2.1.1 France market
8.2.2.1.2 Germany market
8.2.2.1.3 Italy market
8.2.2.1.4 Spain market
8.2.2.1.5 UK market
8.2.2.2 Europe CV Active Power Steering market forecast and analysis – By Type
8.2.2.3 Europe CV Active Power Steering market forecast and analysis – By Applications
8.3 Asia pacific (APAC)
8.3.1 Asia Pacific CV Active Power Steering Market overview
8.3.2 Asia Pacific CV Active Power Steering Market Volume and Forecasts to 2025 (Units)
8.3.2.1 Asia Pacific CV Active Power Steering market forecast and analysis – By Countries
8.3.2.1.1 Australia market
8.3.2.1.2 China market
8.3.2.1.3 India market
8.3.2.1.4 Japan market
8.3.2.2 Asia Pacific CV Active Power Steering market forecast and analysis – By Type
8.3.2.3 Asia Pacific CV Active Power Steering market forecast and analysis – By Applications
8.4 Middle East and Africa (MEA)
8.4.1 Middle East and Africa CV Active Power Steering Market overview
8.4.2 Middle East and Africa CV Active Power Steering Market Volume and Forecasts to 2025 (Units)
8.4.2.1 Middle East and Africa CV Active Power Steering market forecast and analysis – By Countries
8.4.2.1.1 South Africa market
8.4.2.1.2 Saudi Arabia market
8.4.2.1.3 UAE market
8.4.2.2 Middle East and Africa CV Active Power Steering market forecast and analysis – By Type
8.4.2.3 Middle East and Africa CV Active Power Steering market forecast and analysis – By Applications
8.5 South America (SAM)
8.5.1 South America CV Active Power Steering Market overview
8.5.2 South America CV Active Power Steering Market Volume and Forecasts to 2025 (Units)
8.5.2.1 South America CV Active Power Steering market forecast and analysis – By Countries
8.5.2.1.1 Brazil market
8.5.2.2 South America CV Active Power Steering market forecast and analysis – By Type
8.5.2.3 South America CV Active Power Steering market forecast and analysis – By Applications
9 CV Active Power Steering, Industry Landscape
9.1 Mergers and Acquisitions
9.2 Market Initiatives
9.3 New Development
9.4 Investment Scenario
10 CV Active Power Steering Market, Key Company Profiles
10.1 Ognibene.
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Financial Overview
10.1.4 SWOT Analysis
10.1.5 Key Developments
10.2 tedrive Steering Systems GmbH.
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Financial Overview
10.2.4 SWOT Analysis
10.2.5 Key Developments
10.3 Bosch.
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Financial Overview
10.3.4 SWOT Analysis
10.3.5 Key Developments
10.3.6
10.4 Knorr-Bremse.
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Financial Overview
10.4.4 SWOT Analysis
10.4.5 Key Developments
10.5 BMW.
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Financial Overview
10.5.4 SWOT Analysis
10.5.5 Key Developments
10.6 Volvo.
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Financial Overview
10.6.4 SWOT Analysis
10.6.5 Key Developments
10.7 Daimler
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Financial Overview
10.7.4 SWOT Analysis
10.7.5 Key Developments
11 Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
11.3 Methodology
11.3.1 Coverage
11.3.2 Secondary Research
11.3.3 Primary Research
11.4 Contact Us
11.5 Disclaimer
List of Tables
List of Figures
1 Introduction
1.1 The Insight Partners Research Report Guidance
2 Key Takeaways
3 CV Active Power Steering Market Landscape
3.1 Overview
3.2 Market Segmentation
3.2.1 By Type
3.2.2 By Applications
3.3 PEST Analysis
3.3.1 North America – PEST Analysis
3.3.2 Europe – PEST Analysis
3.3.3 Asia Pacific (APAC) – PEST Analysis
3.3.4 Middle East and Africa (MEA) – PEST Analysis
3.3.5 South America (SAM) – PEST Analysis
4 CV Active Power Steering Market – Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
4.5 Technological Trends
4.6 Impact Analysis of Drivers and Restraints
5 CV Active Power Steering Market – Global Market Analysis
5.1 CV Active Power Steering Global Market Overview
5.2 CV Active Power Steering Global Market Volume and Forecast Analysis (Units)
6 CV Active Power Steering Market Volume and Forecasts to 2025 – Type
6.1 Electric Power Steering (EPS)
6.1.1 Electric Power Steering (EPS) CV Active Power Steering Market Overview
6.1.2 Electric Power Steering (EPS) CV Active Power Steering Market Volume and Forecasts to 2025 (Units)
6.2 Electro - Hydraulic Power Steering (EHPS)
6.2.1 Electro - Hydraulic Power Steering (EHPS) CV Active Power Steering Market Overview
6.2.2 Electro - Hydraulic Power Steering (EHPS) CV Active Power Steering Market Volume and Forecasts to 2025 (Units)
7 CV Active Power Steering Market Volume and Forecasts to 2025 – Applications
7.1 Medium Commercial Vehicle
7.1.1 Medium Commercial Vehicle Market Overview
7.1.2 Medium Commercial Vehicle Market Volume and Forecasts to 2025 (Units)
7.2 Heavy Commercial Vehicle
7.2.1 Heavy Commercial Vehicle Market Overview
7.2.2 Heavy Commercial Vehicle Market Volume and Forecasts to 2025 (Units)
8 CV Active Power Steering Market Volume and Forecasts to 2025 – Geographical Analysis
8.1 North America
8.1.1 North America CV Active Power Steering Market overview
8.1.2 North America CV Active Power Steering Market Volume and Forecasts to 2025 (Units)
8.1.2.1 North America CV Active Power Steering market forecast and analysis – By Countries
8.1.2.1.1 U.S market
8.1.2.1.2 Canada market
8.1.2.1.3 Mexico market
8.1.2.2 North America CV Active Power Steering market forecast and analysis – By Type
8.1.2.3 North America CV Active Power Steering market forecast and analysis – By Applications
8.2 Europe
8.2.1 Europe CV Active Power Steering Market overview
8.2.2 Europe CV Active Power Steering Market Volume and Forecasts to 2025 (Units)
8.2.2.1 Europe CV Active Power Steering market forecast and analysis – By Countries
8.2.2.1.1 France market
8.2.2.1.2 Germany market
8.2.2.1.3 Italy market
8.2.2.1.4 Spain market
8.2.2.1.5 UK market
8.2.2.2 Europe CV Active Power Steering market forecast and analysis – By Type
8.2.2.3 Europe CV Active Power Steering market forecast and analysis – By Applications
8.3 Asia pacific (APAC)
8.3.1 Asia Pacific CV Active Power Steering Market overview
8.3.2 Asia Pacific CV Active Power Steering Market Volume and Forecasts to 2025 (Units)
8.3.2.1 Asia Pacific CV Active Power Steering market forecast and analysis – By Countries
8.3.2.1.1 Australia market
8.3.2.1.2 China market
8.3.2.1.3 India market
8.3.2.1.4 Japan market
8.3.2.2 Asia Pacific CV Active Power Steering market forecast and analysis – By Type
8.3.2.3 Asia Pacific CV Active Power Steering market forecast and analysis – By Applications
8.4 Middle East and Africa (MEA)
8.4.1 Middle East and Africa CV Active Power Steering Market overview
8.4.2 Middle East and Africa CV Active Power Steering Market Volume and Forecasts to 2025 (Units)
8.4.2.1 Middle East and Africa CV Active Power Steering market forecast and analysis – By Countries
8.4.2.1.1 South Africa market
8.4.2.1.2 Saudi Arabia market
8.4.2.1.3 UAE market
8.4.2.2 Middle East and Africa CV Active Power Steering market forecast and analysis – By Type
8.4.2.3 Middle East and Africa CV Active Power Steering market forecast and analysis – By Applications
8.5 South America (SAM)
8.5.1 South America CV Active Power Steering Market overview
8.5.2 South America CV Active Power Steering Market Volume and Forecasts to 2025 (Units)
8.5.2.1 South America CV Active Power Steering market forecast and analysis – By Countries
8.5.2.1.1 Brazil market
8.5.2.2 South America CV Active Power Steering market forecast and analysis – By Type
8.5.2.3 South America CV Active Power Steering market forecast and analysis – By Applications
9 CV Active Power Steering, Industry Landscape
9.1 Mergers and Acquisitions
9.2 Market Initiatives
9.3 New Development
9.4 Investment Scenario
10 CV Active Power Steering Market, Key Company Profiles
10.1 Ognibene.
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Financial Overview
10.1.4 SWOT Analysis
10.1.5 Key Developments
10.2 tedrive Steering Systems GmbH.
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Financial Overview
10.2.4 SWOT Analysis
10.2.5 Key Developments
10.3 Bosch.
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Financial Overview
10.3.4 SWOT Analysis
10.3.5 Key Developments
10.3.6
10.4 Knorr-Bremse.
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Financial Overview
10.4.4 SWOT Analysis
10.4.5 Key Developments
10.5 BMW.
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Financial Overview
10.5.4 SWOT Analysis
10.5.5 Key Developments
10.6 Volvo.
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Financial Overview
10.6.4 SWOT Analysis
10.6.5 Key Developments
10.7 Daimler
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Financial Overview
10.7.4 SWOT Analysis
10.7.5 Key Developments
11 Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
11.3 Methodology
11.3.1 Coverage
11.3.2 Secondary Research
11.3.3 Primary Research
11.4 Contact Us
11.5 Disclaimer
Companies List :
Ognibene.
tedrive Steering Systems GmbH.
Bosch.
Knorr-Bremse.
BMW.
Volvo.
Daimler
Ognibene.
tedrive Steering Systems GmbH.
Bosch.
Knorr-Bremse.
BMW.
Volvo.
Daimler
Highlights key business priorities in order to assist companies to realign their business strategies
- Highlights key commercial vehicles active power steering systems market thereby allowing organizations to gain revenues by focusing majorly on select products
- The key findings and recommendations highlight crucial progressive industry trends in the cv active power steering systems market, thereby allowing players across the value chain to develop effective long term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
- Examine the current and future impact of the market and PEST analysis for regions such as North America, Europe, APAC, Middle-East & Africa and South America
- Highlights key commercial vehicles active power steering systems market thereby allowing organizations to gain revenues by focusing majorly on select products
- The key findings and recommendations highlight crucial progressive industry trends in the cv active power steering systems market, thereby allowing players across the value chain to develop effective long term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
- Examine the current and future impact of the market and PEST analysis for regions such as North America, Europe, APAC, Middle-East & Africa and South America