Steering Knuckle Market Overview
The total global market for the “Steering Knuckle Market” size was valued at USD 59.95 Bn. in 2021 and the total Steering Knuckle revenue is expected to grow at a CAGR of 6.2 % from 2022 to 2029, reaching nearly USD 97.0 Bn.
Steering Knuckle Market Report Scope and Research Methodology
The report covers market size with estimations and growth rates. To understand market penetration, competitive structure, pricing, and demand analysis, regional market analysis is carried out at the local, regional, and global levels. The bottom-up approach was used for Steering Knuckle market estimation. Data is collected using primary and secondary collection methods with qualitative and quantitative approaches. Primary data include surveys, questionnaires, and telephonic interviews with market experts, market leaders, and business owners. Secondary data was taken from annual reports, financial reports, government organizations’ sites, and white papers. Research tools like SWOT, PESTLE, and Porter were used for the Steering Knuckle Market analysis for the Micro and macro factors affecting the Steering Knuckle Market presented. Thus the report act as a guide for investors, stakeholders, and market followers of the market.
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Steering Knuckle Market Dynamics:
Government across the world have enacted strict automotive emission and fuel economy legislation. Regulatory authorities such as the National Highway Traffic and Safety Administration in the United States and the International Council on Clean Transportation in Europe have implemented fleet-level requirements. The average emission cap established by these standards must be followed by automobile manufacturers. These requirements have compelled automakers to invest more in fuel-efficient steering solutions like electronic power steering.
Steering Knuckle Market Regional Insights
The Asia-Pacific region Steering Knuckle market exhibits rapid growth potential, fueled by a burgeoning population, urbanization, and increasing adoption of modern technologies. Meanwhile, Latin America and Africa present emerging Steering Knuckle markets, marked by untapped opportunities, evolving consumer preferences, and a gradual shift towards digital transformation. In the Steering Knuckle market’s regional landscape, North America emerges as a dominant force. The region’s technological prowess, robust infrastructure, and high disposable income drive its market dominance. Europe follows closely, characterized by a mature market with a strong emphasis on sustainability and innovation.
Steering Knuckle Market Segmentation
by Vehicle Type
1. Passenger Cars
2. Commercial Vehicles
3. Off-road Vehicles
4. Others
by Manufacturing Method
1. Casting
2. Forging
by Material Type
1.Steel
2. Aluminum
3. Composites
by Sales Channel
1. OEM
2. Aftermarket
Steering Knuckle Market Key Players
1. Teksid S.p.A. (Italy)
2. Farinia SA (USA)
3. TeraFlex Suspensions (USA)
4. Happy Forgings Limited (India)
5. Busche Performance Group (USA)
6. Jikasu Engineering Corp (India)
7. MAG IAS GmbH (Germany)
8. p.A
9. ATTC Manufacturing, Inc. (USA)
10. Sakthi Auto Component Limited (SACL) (India)
11. NINGBO SAP STEERING SYSTEM CO.LTD (China)
12. Beinbauer Group (Germany)
13. Bharat Forge (India)
14. Mevotech LP
15. MOOG Parts
16. MZW Motors
17. Professional Parts Sweden
18. ACDelco Corporation
19. Crown Automotive Sales Co., Ltd.
20. Dorman Products
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Key questions answered in the Steering Knuckle Market are:
- What is Steering Knuckle?
- What was the Steering Knuckle market size in 2023?
- What is the growth rate of the Steering Knuckle Market?
- Which are the factors expected to drive the Steering Knuckle market growth?
- What are the different segments of the Steering Knuckle Market?
- What growth strategies are the players considering to increase their presence in Steering Knuckle?
- What are the upcoming industry applications and trends for the Steering Knuckle Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Steering Knuckle Market?
- What is the demand pattern of the Steering Knuckle Market?
- What major challenges could the Steering Knuckle Market face in the future?
- What segments are covered in the Steering Knuckle Market?
- Who are the leading companies and what are their portfolios in Steering Knuckle Market?
- What segments are covered in the Steering Knuckle Market?
- Who are the key players in the Steering Knuckle market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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