New York, Global Commercial Vehicle (CV) Active Power Steering Market report from Global Insight Services is the single authoritative source of intelligence on Commercial Vehicle (CV) Active Power Steering Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Active power steering is a type of power steering that uses a motor to assist in turning the wheels. This type of power steering is often used in larger vehicles, such as commercial vehicles, because it can provide more power and assistance than a traditional power steering system. Active power steering can make it easier to turn the wheels, even when the vehicle is moving at high speeds, and can also help to reduce the amount of effort required to turn the wheel.
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Key Trends
One of the key trends in Commercial Vehicle (CV) Active Power Steering technology is the development of electric power steering (EPS). This is in response to the need for more fuel efficient vehicles, as EPS systems do not require the engine to be constantly running to power the steering.
Another trend is the development of systems that can provide a more customized steering feel for the driver, based on factors such as the type of load being carried or the road surface. This allows for a more comfortable and efficient driving experience.
Key Drivers
The key drivers of the commercial vehicle active power steering market are the increasing demand for commercial vehicles, the need for improved fuel economy, and the stringent emission norms. The active power steering system helps in reducing the fuel consumption and emission levels of commercial vehicles. It also provides better steering control and stability, which is essential for commercial vehicles.
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Market Segments
The Commercial Vehicle (CV) Active Power Steering Market is segmented by type, application and region. By type, the market is divided into electric power steering (EPS) and electro-hydraulic power steering (EHPS). Based on application, it is bifurcated into medium commercial vehicle, and heavy commercial vehicle. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Commercial Vehicle (CV) Active Power Steering Market includes players such as ZF Friedrichshafen AG, tedrive steering systems GmbH, BMW AG, Ognibene Power SPA, AB Volvo, Daimler AG, Bosch, Knorr-Bremse, Thyssenkrupp and JTEKT Corporation.
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