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(Transportation-News.com, November 21, 2017 ) Commercial Vehicles (CV) Active Power Steering system reduces a driver's driving efforts by providing additional steering module to assist in turning the vehicle, and eases the parking at low speed driving, especially for heavy commercial vehicles. In the present scenario, fuel efficient driving solutions, driver's road safety and ease in driving with less efforts applied, are considered critically important in the automotive industry. Even developing countries in Asia are focusing strongly on these critical aspects and are expected to adopt active power steering significantly in the coming years. In the global active power steering market North America has come up as the major contributor in terms of revenues, due to its developed economy, strong infrastructure, and significantly growing construction and logistic industries. North America and APAC regions are also following Europe, and are estimated to contribute considerably in the total global market. Global Commercial Vehicles (CV) active power steering system market volume is expected to grow from 12,572 units in 2016 to 955,233 units by 2025 at a CAGR of 18.38% between 2017 and 2025.
The report aims to provide an overview of global Commercial Vehicles (CV) active power steering market with detailed market segmentation. Also, it analyzes the current Commercial Vehicles (CV) active power steering market scenario and forecasts the market till 2025. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provide regional PEST analysis for the active power steering market, and SWOT analysis for all company profiled in the report.
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Key questions answered in this report
- What will the market size be in 2025 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Global Commercial Vehicle (CV) Active Power Steering Market Players:
Ognibene.
tedrive Steering Systems GmbH.
Bosch.
Knorr-Bremse.
BMW.
Volvo.
Daimler
Complete Report is Available http://www.reportsweb.com/commercial-vehicle-cv-active-power-steering-market
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