Steering Knuckles Market
Steering Knuckles Market Size, Share, Growth Analysis By Material Type (Alloy, Cast Iron, Aluminum), By Manufacturing Method (Forging, Casting), By Application (Passenger cars, HCV, LCV), By Sales Channel - Regional Forecast 2021 to 2031
Analysis of Steering Knuckles Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Steering Knuckles Market Forecast and CAGR
According to latest research by Fact.MR, steering knuckles market is set to witness steady growth during 2021 to 2031. The demand is expected to grow between CAGR of 4% to 6% by value during 2021 to 2031. Though due to COVID-19 pandemic the overall sales were hampered and the demand drastically declined during 2020.
However, it is estimated that the market will show positive growth from 2021 onwards. The growing requirement for weight reduction in the structure and design of steering knuckles and emission control is likely to boost the production and demand.
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What is Driving Demand for Steering Knuckles?
The steering knuckles plays an important role in the steering management of a vehicle. It has a significant application in the light commercial vehicle as well as passenger vehicles due to inherent durability and flexibility. The growth in the production of passenger cars and commercial vehicle will enhance the steering knuckles demand.
It also has application in the military vehicles which is driving the demand in a consistent manner. The replacement market is also significant for the steering knuckles, as due to wear and tear they requires a replacement. The growing vehicle parc (fleet on road) has a positive effect on the steering knuckles replacement market. The most prominent replacement market are US, China, Japan, Germany, Italy, France, Brazil, and India among others.
The growing trend of efficiency in the steering system and technological upgradation in the manufacturing of automotive parts is the demand driving factor.
Rising standard of living is also a reason for the growth as there is high demand for passenger vehicles, which ultimately increases the demand for steering knuckles. The manufacturers and suppliers are relied on providing best suitability and durability in the product to gain the customer’s attention.
Growing Passenger Car Production to Augment the Growth of Steering Knuckles Market
The passenger car segment is the most prominent application for steering knuckles. Passenger car occupy about 70% of the overall automotive industry, which includes light commercial vehicle and heavy commercial vehicle as well. The most prominent passenger car production hub is China where in 2020 about 20 million passenger car were produced.
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East Asia and Europe Steering Knuckles Demand Outlook
Europe is expected to have substantial growth in the market in the coming years due to high inclusion of technological advancement, resource, manufacturing facilities and market presence of emerging and leading players in the region. East Asia is also estimated to grow with significant pace as there is high demand of automotive steering systems, rising sales of passenger vehicles as well as commercial vehicles and high availability of resources.
China, Japan, and South Korea are the countries that forms East Asia. These three countries are among the most prominent automotive production hubs across the global and are among the key market for steering knuckles.
Who are the Key Manufacturers and Suppliers of Steering Knuckles?
Some of the leading manufacturers include :
- Teksid S.p.A.
- Farinia SA
- TeraFlex Suspensions
- Happy Forgings Limited
- Busche Performance Group
- Jikasu Engineering Corp
- MAG IAS GmbH
- ATTC Manufacturing, Inc.
- Sakthi Auto Component Limited (SACL)
- ACDelco Corporation
- Crown Automotive Sales Co., Ltd.
- Dorman Products
- Mevotech LP
- MOOG Parts
- MZW Motors
- Professional Parts Sweden
- Ningbo Sap Steering System Co. Ltd.
The leading manufacturers and suppliers have made a significant investment in the establishment of manufacturing centers, innovation, strategic partnership, product portfolio expansion, and distribution network through a strong supply chain framework.
The emerging companies who are engaged in the production and supply across the automotive industry have focused heavily on providing maximum durability, suitability, quality, standard, convenience and comfort through their products to customers.
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Competitive landscape highlights only certain players
Complete list available upon request
Steering Knuckles Market Report Highlights :
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
Key Segments
-
By Material Type :
- Alloy
- Cast Iron
- Aluminum
- Others
-
By Manufacturing Method :
- Forging
- Casting
-
By Application :
- Passenger cars
- Compact
- Mid-size
- SUV
- Luxury
- Heavy Commercial Vehicles (HCV)
- Light Commercial Vehicles (LCV)
- Passenger cars
-
By Sales Channel :
- Original Equipment Manufacturers (OEM)
- Aftermarket
-
By Region :
- North America
- Europe
- East Asia
- South Asia & Pacific
- Latin America
- Middle East and Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Material Type
- 7.1. Alloy
- 7.2. Cast Iron
- 7.3. Aluminum
- 7.4. Others
- 8. Global Market Analysis and Forecast, By Manufacturing Method
- 8.1. Forging
- 8.2. Casting
- 9. Global Market Analysis and Forecast, By Application
- 9.1. Passenger cars
- 9.2. Heavy Commercial Vehicles (HCV)
- 9.3. Light Commercial Vehicles (LCV)
- 10. Global Market Analysis and Forecast, By Sales Channel
- 10.1. Original Equipment Manufacturers (OEM)
- 10.2. Aftermarket
- 11. Global Market Analysis and Forecast, By Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Western Europe
- 11.4. Eastern Europe
- 11.5. East Asia
- 11.6. South Asia & Pacific
- 11.7. MEA
- 12. North America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 17. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 18. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 19. Sales Forecast by Material Type, Manufacturing Method, Application, and Sales Channel for 30 Countries
- 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 21. Company Profile
- 21.1. Teksid S.p.A.
- 21.2. Farinia SA
- 21.3. TeraFlex Suspensions
- 21.4. Happy Forgings Limited
- 21.5. Busche Performance Group
- 21.6. Jikasu Engineering Corp
- 21.7. MAG IAS GmbH
- 21.8. ATTC Manufacturing, Inc.
- 21.9. Sakthi Auto Component Limited (SACL)
- 21.10. ACDelco Corporation
- 21.11. Crown Automotive Sales Co., Ltd.
- 21.12. Dorman Products
- 21.13. Mevotech LP
- 21.14. MOOG Parts
- 21.15. MZW Motors
- 21.16. Professional Parts Sweden
- 21.17. Ningbo Sap Steering System Co. Ltd.
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List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Material Type
Table 03: Global Market US$ Mn Forecast by Manufacturing Method
Table 04: Global Market US$ Mn Forecast by Application
Table 05: Global Market US$ Mn Forecast by Sales Channel
Table 06: North America Market US$ Mn Forecast by Country
Table 07: North America Market US$ Mn Forecast by Material Type
Table 08: North America Market US$ Mn Forecast by Manufacturing Method
Table 09: North America Market US$ Mn Forecast by Application
Table 10: North America Market US$ Mn Forecast by Sales Channel
Table 11: Latin America Market US$ Mn Forecast by Country
Table 12: Latin America Market US$ Mn Forecast by Material Type
Table 13: Latin America Market US$ Mn Forecast by Manufacturing Method
Table 14: Latin America Market US$ Mn Forecast by Application
Table 15: Latin America Market US$ Mn Forecast by Sales Channel
Table 16: Western Europe Market US$ Mn Forecast by Country
Table 17: Western Europe Market US$ Mn Forecast by Material Type
Table 18: Western Europe Market US$ Mn Forecast by Manufacturing Method
Table 19: Western Europe Market US$ Mn Forecast by Application
Table 20: Western Europe Market US$ Mn Forecast by Sales Channel
Table 21: Eastern Europe Market US$ Mn Forecast by Country
Table 22: Eastern Europe Market US$ Mn Forecast by Material Type
Table 23: Eastern Europe Market US$ Mn Forecast by Manufacturing Method
Table 24: Eastern Europe Market US$ Mn Forecast by Application
Table 25: Eastern Europe Market US$ Mn Forecast by Sales Channel
Table 26: East Asia Market US$ Mn Forecast by Country
Table 27: East Asia Market US$ Mn Forecast by Material Type
Table 28: East Asia Market US$ Mn Forecast by Manufacturing Method
Table 29: East Asia Market US$ Mn Forecast by Application
Table 30: East Asia Market US$ Mn Forecast by Sales Channel
Table 31: South Asia & Pacific Market US$ Mn Forecast by Country
Table 32: South Asia & Pacific Market US$ Mn Forecast by Material Type
Table 33: South Asia & Pacific Market US$ Mn Forecast by Manufacturing Method
Table 34: South Asia & Pacific Market US$ Mn Forecast by Application
Table 35: South Asia & Pacific Market US$ Mn Forecast by Sales Channel
Table 36: MEA Market US$ Mn Forecast by Country
Table 37: MEA Market US$ Mn Forecast by Material Type
Table 38: MEA Market US$ Mn Forecast by Manufacturing Method
Table 39: MEA Market US$ Mn Forecast by Application
Table 40: MEA Market US$ Mn Forecast by Sales Channel
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Insights on import/export production,
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List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Manufacturing Method
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 05: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Manufacturing Method
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 09: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Manufacturing Method
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Manufacturing Method
Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Manufacturing Method
Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Manufacturing Method
Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 29: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 30: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 32: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Manufacturing Method
Figure 33: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 34: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 35: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Manufacturing Method
Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the growth rate of steering knuckles market over the forecast period?
According to Fact.MR, the steering knuckles market is predicted to increase at a CAGR of 6% between 2022 and 2032.
Where will the Tapioca market generate its major market share?
Due to the extensive inclusion of technological progress, resources, production plants, and presence of emerging and leading companies in the region, the market will generate its major share in Europe.
Why is Steering Knuckles market witnessing significant growth?
The growing trend of steering system efficiency and technological advancement in automotive component production are driving demand in steering knuckles market.
How much is the Steering Knuckles Market likely to be Worth in 2022?
The steering knuckles market is likely to be worth US$ 4.61 Billion in 2022.
Why Steering Knuckles Market has High Growth potential?
The steering knuckles market has high growth potential due to the rising trend of rear-axle steering systems
Where will Manufacturers find the Most Opportunities in the Steering Knuckles Industry?
The manufacturers in the steering knuckles industry are likely to find the most opportunities in the North American region.
Steering Knuckles Market