Global Automotive Steering Knuckle Market, By Type (Alloy, Cast Iron, Others), Sales Channel (OEM, Aftermarket), Vehicle Type (Passenger Cars, Commercial Vehicles), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Automotive Steering Knuckle Market
The automotive steering knuckle market will reach at an estimated value of USD 1,704.04 million by 2028 and grow at a CAGR of 3.20% in the forecast period of 2021 to 2028. Rise in the trend of optimizing steering knuckle for all-terrain vehicles is an essential factor driving the automotive steering knuckle market.
Automotive steering knuckle is defined as a part of the automotive front axle. The steering knuckle plays an important role in deciding the steering angle and is a safety component in a vehicle. Failure of steering knuckle can cause heavy traffic accidents if there is any quality problem with a system. The structure of automobile steering knuckle is complex, which belongs to compound type of forgings, and it consists of the, plate, fork, and bar of three parts.
Rise in the off-road recreational activities is a crucial factor accelerating the market growth, also rise in the availability of labour and other necessary resources at a low price, rise in the automotive production, rise in the demand for vehicles in some parts of the world, rise in the adoption of composite material for applications and rise in the presence of several key manufacturers are the major factors among others boosting the automotive steering knuckle market. Moreover, increasing technological advancements and modernization in the production techniques, rise in the research and development activities and rising demand from the emerging economies will further create new opportunities for automotive steering knuckle market in the forecast period mentioned above.
However, increase in the cost of research and development activities is the major factor among others restraining the market growth, and will further challenge the automotive steering knuckle market in the forecast period mentioned above.
This automotive steering knuckle market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive steering knuckle market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive Steering Knuckle Market Scope and Market Size
The automotive steering knuckle market is segmented on the basis of type, sales channel and vehicle type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the automotive steering knuckle market is segmented into alloy, cast iron and others.
- Based on sales channel, the automotive steering knuckle market is segmented into OEM and aftermarket.
The automotive steering knuckle market is also segmented on the basis of vehicle type into passenger cars and commercial vehicles.
Automotive Steering Knuckle Market Scope Country Level Analysis
The automotive steering knuckle market is analysed and market size, volume information is provided by country, type, sales channel and vehicle type as referenced above.
The countries covered in the automotive steering knuckle market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the automotive steering knuckle market due to rise in the presence of several key manufacturers, rise in the availability of labour and other necessary resources at a low price and rise in the automotive production in this region. Asia-Pacific is the expected region in terms of growth in automotive steering knuckle market due to rise in the availability of labour and other necessary resources at a low price and rise in the automotive production in this region.
The country section of the automotive steering knuckle market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Steering Knuckle Market Share Analysis
The automotive steering knuckle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive steering knuckle market.
The major players covered in automotive steering knuckle market report are Beinbauer Group, Bharat Forge, Busche Performance Group, Farinia Group, Sarvagya Lifters, TEKSID S.P.A, NINGBO SAP STEERING SYSTEM CO., LTD, Sakthi Auto Component Limited-Factory and Jikasu Engineering Corp, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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