The steering knuckle is a critical component of the steering assembly. It provides safety and stability to the front suspension and provides accuracy in radius, and accurately machined flatness. The steering knuckle has traditionally been built of ductile cast iron or forged steel; but, but thanks to the trend of reducing the weight of vehicles, the industry is moving towards aluminium knuckles.
In the automobile sector, the steering knuckle has emerged as a very complex forging component. The composite material category is the most recent trend and is expected to increase the steering knuckle market for automobiles over the forecast period. Because of benefits such as improved strength-to-weight ratio, corrosion resistance, and workability, the usage of composite materials in novel applications in a variety of sectors as an alternative to metal has increased.
Steering Knuckle Market Overview:
The research provides a thorough examination of both present and historical growth patterns in the Steering Knuckle Market industry, including crucial data such as CAGR, market size, forecasts, revenue shares, and price trends. Furthermore, it focuses on industry-specific issues, opportunities, and technology breakthroughs that can help Steering Knuckle market participants increase revenue and drive growth. The paper also digs into the present and emerging trends influencing market evolution.
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.
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Steering Knuckle Market Report Scope and Research Methodology:
The report offers a comprehensive analysis of the Steering Knuckle market’s size and global/regional market share. It presents the most recent revenue data and trends within the Steering Knuckle market. The report further provides an overview of the Steering Knuckle market, defining its structure and its approach to preventive and pre-planned management.
Furthermore, the report zooms in on factors influencing the Steering Knuckle market, including metrics like gross margin, cost, market share, capacity utilization, and supply. This information is instrumental in gauging the future potential of the Steering Knuckle market in the forecasted years. The report conducts an analysis of the major players in the Steering Knuckle market, evaluating their size, market share, market growth, revenue, production volume, and profitability.
The research also delves into the growth strategies adopted by Steering Knuckle market players, including strategic alliances. The competitive landscape is a vital aspect of the Steering Knuckle industry, drawing the attention of all key stakeholders. The report provides a detailed analysis of this competitive landscape, outlining the strengths and weaknesses of the leading players.
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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
Key Players:
The research subsequently offers a comprehensive examination of the prominent competitors in the global Steering Knuckle market, including both established and emerging companies. This analysis delves into market share concerning revenue, demand, top-quality product manufacturers, sales performance, and service providers. Furthermore, the study scrutinizes capacity utilization, raw material procurement, import-export dynamics, the value chain, price structures, and the industrial supply chain. This report prominently spotlights the following key players:
The report prominently spotlights the following 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
Regional Analysis:
- North America (including the United States, Canada, and Mexico)
- European Union (encompassing Germany, France, the United Kingdom, Russia, Italy, and the Rest of Europe)
- Asia-Pacific region (including China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (covering Brazil, Argentina, Colombia, and the Rest of South America)
- Africa and the Middle East (spanning Saudi Arabia, UAE, Egypt, South Africa, and the Rest of the Middle East & Africa)
The study provides comprehensive insights into various development opportunities and challenges in these regions, taking into account different product types, applications, end-users, and countries, among other factors. Additionally, the study encompasses crucial aspects of the global Steering Knuckle market, including sales growth, product pricing and analysis, growth potential, and recommendations for addressing market challenges in these specified areas.
Key Questions Answered in the Steering Knuckle Market Report are:
- What is Steering Knuckle?
- What is the expected CAGR of the Steering Knuckle market during the forecast period?
- Which region held the largest Steering Knuckle market share in 2022?
- What are the major drivers of the Steering Knuckle Market?
- What are the Steering Knuckle Market segments?
- What factors are expected to challenge the market growth during the forecast period?
Key Offerings:
- A detailed market overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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