Market Synopsys:
Delivering simplified tuning, engine-off steering assist, and packaging flexibility are the key factors considered for the increasing adoption of active power steering in commercial vehicles during the forecast period. In addition, environmental compatibility and energy efficiency are other factors which are expected to drive the market demand for active power steering in commercial vehicles. Power steering is the system that assists in steering the wheels by means of power of the engine and generally uses hydraulics or fluid pressure to support the steering systems. The active power steering systems usually works on hydraulic and electrical steering mechanisms, which are quicker to assist in comparison with manual steering systems. Numerous advantages offered by power steering systems including minimum efforts at grater safety, absorbing road shocks, and better controllability under critical conditions are presumed to augment the global market demand in automotive industry.

Key Players in CV active power steering market
The prominent market players in the global CV active power steering market include ZF Friedrichshafen AG (Germany), AB Volvo (Sweden), Tedrive steering systems GmbH (Germany), Ognibene Power SPA (Italy), BMW AG (Germany), Knorr-Bremse (Germany), Robert Bosch GmbH (Germany), Daimler AG (Germany).

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