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Last Updated: Apr 25, 2025 | Study Period: 2022-2027
The steering column seems to be the indicator that a driver uses more than any other. It's being used to determine the vehicle's orientation, as well as an augmentation of the sensory perception. Its motorist can feel the motion of the car, the road conditions, and pressures first from the environment by gripping the steering column.
Nevertheless, recent developments in steering system technology reveal that it is feasible to augment what may be sensed in the steering column, potentially assisting the operator. The true problem here is another design's efficacy, which resides in being cooperative with the human operator.
| S No | Overview of Development | Development Detailing | Region of Development | Possible Future Outcomes |
| 1 | Nexteer Unveils New High-Output Electric Power Steering System | Nexteer Automotive introduces High-Output Electric Power Steering (EPS), which provides enhanced safety and comfort. | Global | This would enhance better Technological Controls |
| 2 | Bosch Touts Electric-Hydraulic Steering to Facilitate Automated Driving | Executives from Robert Bosch's North American division demonstrated an electric-hydraulic steering system for Class 8 trucks. | Global | This would enhance better Technological Controls |
| 3 | Meritor MFS+ front steer axle is now standard on Kenworth Class 8 trucks | For linehaul purposes, Kenworth Class 8 trucks currently come standard with the Meritor MFS+ front steering axle model. The redesigned axle comes in both normal and wide track versions. | Global | This would enhance better Technological Controls |
| 4 | Solo AVT wants to build fully driverless heavy truck platforms | Solo Advanced Automobile Technologies, located in California, seeks to develop electric, purpose-built heavy-duty truck chassis for autonomous freight. | Global | This would enhance better Technological Controls |
| 5 | Mack Trucks offers new active steering system on Mack Granite models | Mack Trucks, located in Greensboro, has commenced production of heavy-duty work trucks using a new active steering system. | Global | This would enhance better Technological Controls |
The Class 8 Truck Steering Market in North America accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2027, registering a CAGR of XX% from 2022 to 2027.
This intermediate and heavy vehicle steering system market is being propelled forward by dynamic steering for medium and heavy-duty vehicles.
Driver tiredness detection, collision avoidance, attention help, dynamic power steering, surround-view parks, and collision warning (LDW) structures are just a few of the safety, comfort, as well as efficiency technologies that fleet operators are currently exploring.
Driver safety and comfort are improved by advanced steering technology such as dynamic steering.
Volvo International is a leading mobiliser of the Class 8 Truck Steering requirements in the market. The motorist will enjoy a safer and more comfortable driving experience with Dynamic Steering. In both forward and backward, it boosts torque to alleviate steering strain at low speeds.
When confronting crosswinds, highway crowns, soft shoulders, or emergency conditions like tyre failure, VDS performs changes to increase stability at highway speeds. A strong electric motor is installed above the hydraulic steering gear in this design.
Robert Bosch is part of the component manufacturing trending companies in the current industry. The Servotwin electro-hydraulic steering gear for heavy duty vehicles combines an electric coordination and management unit with the RB-Servocom spherical bearing power steering system.
The technology provides speed-dependent directional assistance including active reverse, as well as other driver aid features and automated driving capabilities.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2022-2027 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2022-2027 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2022-2027 |
| 21 | Product installation rate by OEM, 2022 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2022 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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