Light Duty Truck Steering System Market Share

Light Duty Truck Steering System Market Share

Bosch, ZF Friedrichshafen AG and Hyundai Mobis Co., Ltd. hold a significant market share of around 29% in light duty truck steering system industry. Bosch, a leader in automotive technology, leverages its vast expertise in electronics and software to develop advanced steering systems such as electric power steering (EPS) and steer-by-wire, which are highly valued for their precision, efficiency, and integration with driver assistance systems.
 

ZF Friedrichshafen AG is renowned for its comprehensive range of steering solutions that cater to both conventional and electric vehicles, offering cutting-edge systems that enhance safety, handling, and fuel efficiency. Their strong emphasis on research and development ensures that they remain at the forefront of steering technology.

Hyundai Mobis Co., Ltd., a key player in the global automotive supply chain, benefits from its close ties with Hyundai Motor Company, allowing it to tailor its steering systems to meet the specific needs of light-duty trucks. Their focus on innovation, particularly in the development of steering systems for electric and autonomous vehicles, positions them as a leader in the market.
 

Light Duty Truck Steering System Market Companies

The major players operating in the light duty truck steering system industry are:

• Bosch
• Hyundai Mobis Co., Ltd.
• Mando Corporation
• NSK Ltd.
• Thyssenkrupp AG
• TRW Automotive Holdings Corp.
• ZF Friedrichshafen AG