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(USGovernment-News.Com, November 16, 2018 ) Latest market study on "Commercial Vehicle Active Power Steering Market to 2025 - Global Analysis and Forecasts by Type (Electric Power Steering (EPS) and Electro-Hydraulic Power Steering (EHPS)), Application (Medium Commercial Vehicle and Heavy Commercial Vehicle) - Global Analysis and Forecast?, the Commercial Vehicle (CV) Active Power Steering market volume is estimated to reach 955,233 units by 2025 from 12,792 units in 2016. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
North America and Europe are the prominent regions in Commercial Vehicles (CV) active power steering market which will contribute highest revenue globally due to technological developments and considerable implementation of Commercial Vehicles (CV) active power steering technology in different application segment. Rapidly growing logistics economies in Asia-Pacific (APAC) with significant growth in e-commerce will pave the path for increasing adoption and propel the market for Commercial Vehicles (CV) active power steering market.
Growing heavy commercial vehicle developments in safety and comfortable driving ability will escalate the Commercial Vehicle (CV) Active Power Steering Market by a CAGR of 18.38% (2017 - 2025).
Some of the key players this market includes:
ZF Friedrichshafen AG
tedrive steering systems GmbH
BMW AG
Ognibene Power SPA
AB Volvo
Daimler AG
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.
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.
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