Steering Knuckle Market size was valued at USD 67.61 Bn. in 2023 and the total Steering Knuckle revenue is expected to grow at a CAGR of 6.2 % from 2024 to 2030, reaching nearly USD 103.01 Bn.
Steering Knuckle Market Overview
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Steering Knuckle Market Scope and Methodology:
The Steering Knuckle report is designed to offer a comprehensive analysis of the Steering Knuckle market, including a detailed review of current trends, growth drivers, challenges, and opportunities. It thoroughly assesses various market segments and geographic regions. The report utilizes advanced analytical tools and models to predict market trends, assess competitive landscapes, and identify opportunities for stakeholders in the ## market. The report also evaluates key market players, their market shares, strategic initiatives, and recent developments to provide a comprehensive view of the Steering Knuckle market landscape.
The report takes a comprehensive approach that combines primary and secondary research methods. Primary research involves collecting data directly from industry experts, key stakeholders, and market players through interviews, surveys, and interactions. This primary data is supported by extensive secondary research, which involves analyzing existing literature, company reports, industry journals, and databases to validate and enhance the findings. Additionally, the report uses quantitative analysis techniques such as statistical modeling, trend analysis, and forecasting to interpret the gathered data and derive meaningful insights. It also provides a detailed analysis of the strategies employed by the top players in the Steering Knuckle market, with a deep examination of the market segments and regions.
By employing a rigorous research methodology, the report ensures consistency, accuracy, and relevance in its assessments, making it a valuable resource for stakeholders, investors, and decision-makers in the Steering Knuckle market.
Steering Knuckle Market Regional Insights
The report provides insights into the regional landscape of the Steering Knuckle market, highlighting key trends, growth drivers, and challenges in each geographic region. It offers a comprehensive analysis of market dynamics, regulatory frameworks, and investment opportunities across major markets, including North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Steering Knuckle Market Segmentation
by Vehicle Type
Passenger Cars
Commercial Vehicles
Off-road Vehicles
Others
by Manufacturing Method
Casting
Forging
With a 75% market share, the Forging method category led the market in terms of manufacturing technique. More hardness and durability are added to the product throughout the forging process than during any other method because temperature concentrations are maintained constant. The revealed steering knuckle forging method improves the surface quality of the steering knuckle and significantly increases production efficiency. Its process route design is reasonable, straightforward, and doable. The Automotive Components Manufacturers Association (ACMA) claims that the cheap cost and reduced production costs of forged components have contributed to their increasing popularity in recent years. These are the main causes of the segment’s significant market share.
by Material Type
Steel
Aluminum
Composites
by Sales Channel
OEM
Aftermarket
One of the two main components of forging and stamping is the process of applying pressure to metal stock to generate plastic deformation in order to produce a processing technique with a defined mechanical performance, specified shape, and size (forging and punching press). In the mechanical sector, forging is widely used on many fronts, and it is mostly used in the manufacturing of knuckle workpieces. Nevertheless, the current steering knuckle forging technology has a longer process cycle, demands more time and effort, has low production efficiency, and produces knuckles with barely passable quality due to the many obstacles that modern design has generated. These hence limit the segment’s growth during the projection period.
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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 is the CAGR at which the ## market will grow during the forecast period?
- What are the different segments of the Steering Knuckle Market?
- Which is the fastest-growing region in the Steering Knucklemarket?
- What growth strategies are the players considering to increase their presence in Steering Knuckle?
- What are the upcoming opportunities 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?
- 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?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- 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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