Industry Overview
The Commercial Vehicle Eps Market is expected to reach USD6.8Billion by 2030 and is growing at a CAGR of 6.40% between 2019 to 2030.Commercial Vehicle Eps Market Size in (USD Billion) CAGR Growth Rate 6.40%
| Study Period | 2024-2030 |
| Market Size (2019): | USD3.9Billion |
| Market Size (2030): | USD6.8Billion |
| CAGR (2019 - 2030): | 6.40% |
| Fastest Growing Region | Europe |
| Dominating Region | North America |
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The commercial vehicle electric power steering (EPS) market involves the production and sale of steering systems that use electric motors to assist the driver in steering a vehicle, reducing the physical effort required. EPS systems are becoming increasingly popular in commercial vehicles, including trucks and buses, as they offer better fuel efficiency, reduced weight, and improved driving comfort. The market is driven by the growing demand for fuel-efficient and environmentally friendly commercial vehicles, the need for advanced steering systems that enhance vehicle handling, and the increasing focus on safety and driver comfort. The commercial vehicle EPS market is expected to grow as more automakers implement EPS systems in their designs to meet regulations and improve vehicle performance.
The consumer goods market consists of various components, including product categories (durable and non-durable goods), distribution channels (retail stores, e-commerce, and wholesalers), and market segmentation based on demographics and consumer behavior. Marketing strategies, such as advertising and branding, play a crucial role in attracting consumers, while trends like sustainability and health consciousness influence purchasing decisions. Additionally, the regulatory environment impacts product development, and effective supply chain management ensures timely delivery. Pricing strategies must consider competition and consumer demand to optimize sales. Together, these elements shape the dynamics of the consumer goods market.
Market Segmentation
Selecting segmentation criteria in Bosch, ZF, JTEKT, NSK, Nexteer, Denso, Thyssenkrupp, Mando, TRW, Koyo, Miba, Daewoo, Aisin, Honda, Hyundai Mobis involves several key steps. Researchers begin by defining their objectives, such as understanding consumer behavior or identifying market opportunities. They then gather relevant data on demographics, psychographics, and buying behavior. Next, they identify segmentation variables like age, location, lifestyle, and purchase patterns. Using analytical tools, they analyze the data to find distinct market segments and evaluate their attractiveness based on size, growth potential, and alignment with business goals. Detailed profiles are created for each segment, and the most promising ones are selected for targeting. Finally, tailored marketing strategies are developed, and the performance of these strategies is monitored and adjusted as needed. This process ensures that segmentation effectively identifies valuable market opportunities and aligns with strategic goals.The North America Region holds a dominant market share, primarily driven by growing consumption patterns, a rising population, and robust economic activity that fuels market demand. Meanwhile, the Europe Region is experiencing the fastest growth, propelled by increasing infrastructure developments, expanding industrial activities, and a surge in consumer demand, positioning it as a key driver for future market expansion.
Segmentation by Type
- Electric
- Hydraulic
- Electric Hydraulic
- Manual
Commercial Vehicle Eps Market Segmentation by Type
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Segmentation by Application
- Commercial Vehicles
- Trucks
- Performance
- Safety
- Efficiency
Commercial Vehicle Eps Market Segmentation by Application
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Regional Insight
The Commercial Vehicle Eps varies widely by region, reflecting diverse economic conditions and consumer preferences. In North America, the focus is on convenience and premium products, driven by high disposable incomes and a strong e-commerce sector. Europe’s market is fragmented, with Western countries emphasizing luxury and organic goods, while Eastern Europe sees rapid growth. Asia-Pacific is a fast-growing region with high demand for both high-tech and affordable products, driven by urbanization and rising middle-class incomes. Latin America prioritizes affordability amidst economic fluctuations, with Brazil and Mexico leading in market growth. In the Middle East and Africa, market trends are influenced by cultural preferences, with luxury goods prominent in the Gulf States and gradual growth in sub-Saharan Africa. Global trends like sustainability and digital transformation are impacting all regions.
The North America dominant region currently dominates the market share, fueled by increasing consumption, population growth, and sustained economic progress that collectively enhance market demand. Conversely, the Europe is the fastest-growing that is rapidly becoming the fastest-growing region, driven by significant infrastructure investments, industrial expansion, and rising consumer demand.
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
Fastest Growing Region
Europe
Dominating Region
North America
Key Players
The companies highlighted in this profile were selected based on insights from primary experts and an evaluation of their market penetration, product offerings, and geographical reach:
- Bosch, ZF, JTEKT, NSK, Nexteer, Denso, Thyssenkrupp, Mando, TRW, Koyo, Miba, Daewoo, Aisin, Honda, Hyundai Mobis
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Report Infographics:
| Report Features | Details |
| Base Year | 2019 |
| Based Year Market Size 2019 | USD3.9Billion |
| Historical Period Market Size 2024 | USD3.0Billion |
| CAGR (2019to 2030) | 6.40% |
| Forecast Period | 2024 to 2030 |
| Forecasted Period Market Size 2030 | USD6.8Billion |
| Scope of the Report | Electric, Hydraulic, Electric Hydraulic, Manual, Commercial Vehicles, Trucks, Performance, Safety, Efficiency |
| Regions Covered | North America, Europe, Asia Pacific, South America, and MEA |
| Year-on-Year Growth | 7.10% |
| Companies Covered | Bosch, ZF, JTEKT, NSK, Nexteer, Denso, Thyssenkrupp, Mando, TRW, Koyo, Miba, Daewoo, Aisin, Honda, Hyundai Mobis |
| Customization Scope | 15% Free Customization (For EG) |
| Delivery Format | PDF and Excel through Email |
Commercial Vehicle Eps Market Dynamics
The Commercial Vehicle Eps is driven by factors such as increasing demand in end-use industries, technological advancements, research and development (R&D), economic growth, and increasing global trade.Influencing Trend:
- Advancements in steering technology
- Growing demand for electric and hybrid commercial vehicles
- Increasing demand for autonomous driving
Market Growth Drivers:
- Growing Demand For Commercial Vehicles
- Increasing Focus On Safety And Fuel Efficiency
- Rising Demand For Driver Assistance Systems
Challenges:
- High Initial Investment Costs
- Cybersecurity Concerns
- Competition From Established Players
Opportunities:
- Development Of Advanced EPS Systems
- Integration With Other Vehicle Systems
- Expansion Into New Markets
Regulatory Framework
The regulatory framework for the Commercial Vehicle Eps ensures product safety, fair competition, and consumer protection. It encompasses setting standards for product quality and safety, enforcing truthful advertising and labeling, and implementing environmental sustainability practices. Regulations include robust procedures for product recalls, data protection, and anti-competitive practices, while also overseeing import/export controls and intellectual property rights. Regulatory bodies enforce these rules through inspections and penalties, and consumer education programs help individuals make informed decisions. This framework aims to protect consumers, promote fair market conditions, and encourage ethical business practices.Competitive Insights
The key players in the Commercial Vehicle Eps are intensifying their focus on research and development (R&D) activities to innovate and stay competitive. Major companies, such as Bosch, ZF, JTEKT, NSK, Nexteer, Denso, Thyssenkrupp, Mando, TRW, Koyo, Miba, Daewoo, Aisin, Honda, Hyundai Mobis are heavily investing in R&D to develop new products and improve existing ones. This strategic emphasis on innovation is driving significant advancements in product formulation and the introduction of sustainable and eco-friendly products.Moreover, these established industry leaders are actively pursuing acquisitions of smaller companies to expand their regional presence and enhance their market share. These acquisitions not only help in diversifying their product portfolios but also provide access to new technologies and markets. This consolidation trend is a critical factor in the growth of the consumer goods industry, as it enables larger companies to streamline operations, reduce costs, and increase their competitive edge.
In addition to R&D and acquisitions, there is a notable shift towards green investments among key players in the consumer goods industry. Companies are increasingly committing resources to sustainable practices and the development of environmentally friendly products. This green investment is in response to growing consumer demand for sustainable solutions and stringent environmental regulations. By prioritizing sustainability, these companies are not only contributing to environmental protection but also positioning themselves as leaders in the green movement, thereby fueling market growth.
Research Methodology
The research methodology for the consumer goods industry involves several key steps to ensure comprehensive and actionable insights. First, the research objectives are clearly defined, focusing on aspects like consumer behavior, market opportunities, competitive dynamics, or regulatory impacts. A thorough literature review follows, drawing from academic journals, industry reports, government publications, and market analyses to establish a knowledge base and identify research gaps. Data collection encompasses both primary methods, such as surveys, interviews, and focus groups with consumers and industry experts, and secondary methods, including analysis of market reports, government data, and industry publications. Quantitative data is analyzed using statistical tools to identify patterns and market segments, while qualitative data from interviews and focus groups is examined to extract key themes and insights.
The market is then segmented based on demographics, psychographics, geography, and purchasing behavior, and competitive analysis is conducted to evaluate key players' strategies and strengths. Trend analysis identifies current and emerging industry trends. Findings are compiled into a detailed report with data visualizations and strategic recommendations. The research is validated and refined through cross-checking and expert feedback, and a framework for continuous monitoring is established to keep the research current and relevant.
Commercial Vehicle Eps - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Commercial Vehicle Eps Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Commercial Vehicle Eps Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Commercial Vehicle Eps Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 Growing demand for commercial vehicles
- 3.1.2 Increasing focus on safety and fuel efficiency
- 3.1.3 Rising demand for driver assistance systems
-
3.2 Available Opportunities
- 3.2.1 Development of advanced EPS systems
- 3.2.2 Integration with other vehicle systems
- 3.2.3 Expansion
-
3.3 Influencing Trends
- 3.3.1 Advancements in steering technology
- 3.3.2 Growing demand for electric and hybrid commercial
-
3.4 Challenges
- 3.4.1 High initial investment costs
- 3.4.2 Cybersecurity concerns
- 3.4.3 Competition from established pl
- 3.5 Regional Dynamics
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Chapter 4 : Global Commercial Vehicle Eps Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Commercial Vehicle Eps Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
Chapter 5: Commercial Vehicle Eps : Competition Benchmarking & Performance Evaluation
- 5.1 Global Commercial Vehicle Eps Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Commercial Vehicle Eps Revenue 2019
- 5.3 Global Commercial Vehicle Eps Sales Volume by Manufacturers (2019)
- 5.4 BCG Matrix
- 5.4 Market Entropy
- 5.5 Strategic Group Analysis
- 5.6 5C’s Analysis
Chapter 6: Global Commercial Vehicle Eps Market: Company Profiles
- 6.1 Bosch, ZF, JTEKT, NSK, Nexteer, Denso, Thyssenkrupp, Mando, TRW, Koyo, Miba, Daewoo, Aisin, Honda, Hyundai Mobis
- 6.1.1 Bosch, ZF, JTEKT, NSK, Nexteer, Denso, Thyssenkrupp, Mando, TRW, Koyo, Miba, Daewoo, Aisin, Honda, Hyundai Mobis Company Overview
- 6.1.2 Bosch, ZF, JTEKT, NSK, Nexteer, Denso, Thyssenkrupp, Mando, TRW, Koyo, Miba, Daewoo, Aisin, Honda, Hyundai Mobis Product/Service Portfolio & Specifications
- 6.1.3 Bosch, ZF, JTEKT, NSK, Nexteer, Denso, Thyssenkrupp, Mando, TRW, Koyo, Miba, Daewoo, Aisin, Honda, Hyundai Mobis Key Financial Metrics
- 6.1.4 Bosch, ZF, JTEKT, NSK, Nexteer, Denso, Thyssenkrupp, Mando, TRW, Koyo, Miba, Daewoo, Aisin, Honda, Hyundai Mobis SWOT Analysis
- 6.1.5 Bosch, ZF, JTEKT, NSK, Nexteer, Denso, Thyssenkrupp, Mando, TRW, Koyo, Miba, Daewoo, Aisin, Honda, Hyundai Mobis Development Activities
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Chapter 7 : Global Commercial Vehicle Eps by Type & Application (2024-2030)
-
7.1 Global Commercial Vehicle Eps Market Revenue Analysis (USD Million) by Type (2024-2019)
- 7.1.1 Electric
- 7.1.2 Hydraulic
- 7.1.3 Electric Hydraulic
- 7.1.4 Manual
- 7.1.5 Steering
-
7.2 Global Commercial Vehicle Eps Market Revenue Analysis (USD Million) by Application (2024-2019)
- 7.2.1 Commercial Vehicles
- 7.2.2 Trucks
- 7.2.3 Performance
- 7.2.4 Safety
- 7.2.5 Efficiency
- 7.3 Global Commercial Vehicle Eps Market Revenue Analysis (USD Million) by Type (2019-2030)
- 7.4 Global Commercial Vehicle Eps Market Revenue Analysis (USD Million) by Application (2019-2030)
Chapter 8 : North America Commercial Vehicle Eps Market Breakdown by Country, Type & Application
- 8.1 North America Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 8.1.1 United States
- 8.1.2 Canada
-
8.2 North America Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 8.2.1 Electric
- 8.2.2 Hydraulic
- 8.2.3 Electric Hydraulic
- 8.2.4 Manual
- 8.2.5 Steering
-
8.3 North America Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 8.3.1 Commercial Vehicles
- 8.3.2 Trucks
- 8.3.3 Performance
- 8.3.4 Safety
- 8.3.5 Efficiency
- 8.4 North America Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 8.5 North America Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 8.6 North America Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
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Chapter 9 : LATAM Commercial Vehicle Eps Market Breakdown by Country, Type & Application
- 9.1 LATAM Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
-
9.2 LATAM Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 9.2.1 Electric
- 9.2.2 Hydraulic
- 9.2.3 Electric Hydraulic
- 9.2.4 Manual
- 9.2.5 Steering
-
9.3 LATAM Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 9.3.1 Commercial Vehicles
- 9.3.2 Trucks
- 9.3.3 Performance
- 9.3.4 Safety
- 9.3.5 Efficiency
- 9.4 LATAM Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 9.5 LATAM Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 9.6 LATAM Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 10 : West Europe Commercial Vehicle Eps Market Breakdown by Country, Type & Application
- 10.1 West Europe Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 10.2.1 Electric
- 10.2.2 Hydraulic
- 10.2.3 Electric Hydraulic
- 10.2.4 Manual
- 10.2.5 Steering
-
10.3 West Europe Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 10.3.1 Commercial Vehicles
- 10.3.2 Trucks
- 10.3.3 Performance
- 10.3.4 Safety
- 10.3.5 Efficiency
- 10.4 West Europe Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 10.5 West Europe Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 10.6 West Europe Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 11 : Central & Eastern Europe Commercial Vehicle Eps Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
-
11.2 Central & Eastern Europe Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 11.2.1 Electric
- 11.2.2 Hydraulic
- 11.2.3 Electric Hydraulic
- 11.2.4 Manual
- 11.2.5 Steering
-
11.3 Central & Eastern Europe Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 11.3.1 Commercial Vehicles
- 11.3.2 Trucks
- 11.3.3 Performance
- 11.3.4 Safety
- 11.3.5 Efficiency
- 11.4 Central & Eastern Europe Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 11.5 Central & Eastern Europe Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 11.6 Central & Eastern Europe Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 12 : Northern Europe Commercial Vehicle Eps Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 12.2.1 Electric
- 12.2.2 Hydraulic
- 12.2.3 Electric Hydraulic
- 12.2.4 Manual
- 12.2.5 Steering
-
12.3 Northern Europe Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 12.3.1 Commercial Vehicles
- 12.3.2 Trucks
- 12.3.3 Performance
- 12.3.4 Safety
- 12.3.5 Efficiency
- 12.4 Northern Europe Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 12.5 Northern Europe Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 12.6 Northern Europe Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 13 : Southern Europe Commercial Vehicle Eps Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
-
13.2 Southern Europe Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 13.2.1 Electric
- 13.2.2 Hydraulic
- 13.2.3 Electric Hydraulic
- 13.2.4 Manual
- 13.2.5 Steering
-
13.3 Southern Europe Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 13.3.1 Commercial Vehicles
- 13.3.2 Trucks
- 13.3.3 Performance
- 13.3.4 Safety
- 13.3.5 Efficiency
- 13.4 Southern Europe Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 13.5 Southern Europe Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 13.6 Southern Europe Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 14 : East Asia Commercial Vehicle Eps Market Breakdown by Country, Type & Application
- 14.1 East Asia Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 14.2.1 Electric
- 14.2.2 Hydraulic
- 14.2.3 Electric Hydraulic
- 14.2.4 Manual
- 14.2.5 Steering
-
14.3 East Asia Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 14.3.1 Commercial Vehicles
- 14.3.2 Trucks
- 14.3.3 Performance
- 14.3.4 Safety
- 14.3.5 Efficiency
- 14.4 East Asia Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 14.5 East Asia Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 14.6 East Asia Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 15 : Southeast Asia Commercial Vehicle Eps Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
-
15.2 Southeast Asia Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 15.2.1 Electric
- 15.2.2 Hydraulic
- 15.2.3 Electric Hydraulic
- 15.2.4 Manual
- 15.2.5 Steering
-
15.3 Southeast Asia Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 15.3.1 Commercial Vehicles
- 15.3.2 Trucks
- 15.3.3 Performance
- 15.3.4 Safety
- 15.3.5 Efficiency
- 15.4 Southeast Asia Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 15.5 Southeast Asia Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 15.6 Southeast Asia Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 16 : South Asia Commercial Vehicle Eps Market Breakdown by Country, Type & Application
- 16.1 South Asia Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 16.2.1 Electric
- 16.2.2 Hydraulic
- 16.2.3 Electric Hydraulic
- 16.2.4 Manual
- 16.2.5 Steering
-
16.3 South Asia Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 16.3.1 Commercial Vehicles
- 16.3.2 Trucks
- 16.3.3 Performance
- 16.3.4 Safety
- 16.3.5 Efficiency
- 16.4 South Asia Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 16.5 South Asia Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 16.6 South Asia Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 17 : Central Asia Commercial Vehicle Eps Market Breakdown by Country, Type & Application
- 17.1 Central Asia Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 17.2.1 Electric
- 17.2.2 Hydraulic
- 17.2.3 Electric Hydraulic
- 17.2.4 Manual
- 17.2.5 Steering
-
17.3 Central Asia Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 17.3.1 Commercial Vehicles
- 17.3.2 Trucks
- 17.3.3 Performance
- 17.3.4 Safety
- 17.3.5 Efficiency
- 17.4 Central Asia Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 17.5 Central Asia Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 17.6 Central Asia Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 18 : Oceania Commercial Vehicle Eps Market Breakdown by Country, Type & Application
- 18.1 Oceania Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
-
18.2 Oceania Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 18.2.1 Electric
- 18.2.2 Hydraulic
- 18.2.3 Electric Hydraulic
- 18.2.4 Manual
- 18.2.5 Steering
-
18.3 Oceania Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 18.3.1 Commercial Vehicles
- 18.3.2 Trucks
- 18.3.3 Performance
- 18.3.4 Safety
- 18.3.5 Efficiency
- 18.4 Oceania Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 18.5 Oceania Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 18.6 Oceania Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 19 : MEA Commercial Vehicle Eps Market Breakdown by Country, Type & Application
- 19.1 MEA Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
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19.2 MEA Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 19.2.1 Electric
- 19.2.2 Hydraulic
- 19.2.3 Electric Hydraulic
- 19.2.4 Manual
- 19.2.5 Steering
-
19.3 MEA Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 19.3.1 Commercial Vehicles
- 19.3.2 Trucks
- 19.3.3 Performance
- 19.3.4 Safety
- 19.3.5 Efficiency
- 19.4 MEA Commercial Vehicle Eps Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 19.5 MEA Commercial Vehicle Eps Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 19.6 MEA Commercial Vehicle Eps Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
-
21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
-
21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Commercial Vehicle Eps market is estimated to derive a market size of USD6.8 billion by 2030.
According to the report,the Commercial Vehicle Eps Industry size is projected to reach USD6.8 billion, exhibiting a CAGR of 6.40% by 2030.
Advancements In Steering Technology, Growing Demand For Electric And Hybrid Commercial Vehicles, Increasing Demand For Autonomous Driving, Rising Focus On Vehicle Stability are seen to make big Impact on Commercial Vehicle Eps Market Growth.
The leaders in the Global Commercial Vehicle Eps Market such as Bosch, ZF, JTEKT, NSK, Nexteer, Denso, Thyssenkrupp, Mando, TRW, Koyo, Miba, Daewoo, Aisin, Honda, Hyundai Mobis are targeting innovative and differentiated growth drivers some of them are Growing Demand For Commercial Vehicles, Increasing Focus On Safety And Fuel Efficiency, Rising Demand For Driver Assistance Systems, Technological Advancements
Business transformation in Commercial Vehicle Eps Market has taken hold due to the confluence of several important triggers, some of them are High Initial Investment Costs, Cybersecurity Concerns, Competition From Established Players, Stringent Regulatory Requirements.
The market opportunity is clear from the flow of investment into Global Commercial Vehicle Eps Market, some of them are Development Of Advanced EPS Systems, Integration With Other Vehicle Systems, Expansion Into New Markets, Customization And Personalization.
Bosch, ZF, JTEKT, NSK, Nexteer, Denso, Thyssenkrupp, Mando, TRW, Koyo, Miba, Daewoo, Aisin, Honda, Hyundai Mobis etc are the main players listed in the Global Commercial Vehicle Eps Market Study.
The Global Commercial Vehicle Eps Market Study is Broken down by applications such as Commercial Vehicles, Trucks, Performance, Safety, Efficiency.
The Global Commercial Vehicle Eps Market Study is segmented by Electric, Hydraulic, Electric Hydraulic, Manual, Steering.
The Global Commercial Vehicle Eps Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Historical Year: 2024 - Base year: 2019. Forecast period**: 2025 to 2030 [** unless otherwise stated]
The commercial vehicle electric power steering (EPS) market involves the production and sale of steering systems that use electric motors to assist the driver in steering a vehicle, reducing the physical effort required. EPS systems are becoming increasingly popular in commercial vehicles, including trucks and buses, as they offer better fuel efficiency, reduced weight, and improved driving comfort. The market is driven by the growing demand for fuel-efficient and environmentally friendly commercial vehicles, the need for advanced steering systems that enhance vehicle handling, and the increasing focus on safety and driver comfort. The commercial vehicle EPS market is expected to grow as more automakers implement EPS systems in their designs to meet regulations and improve vehicle performance.
