Steering Knuckle market Overview:
The Steering Knuckle market competitive landscape breaks out information by a rival. Corporate overview, financials, revenue produced, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application domination are all contained in the details. The data points presented above are only relevant to the firms’ emphasis on the Steering Knuckle market .
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Market Scope:
This Steering Knuckle market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, 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 expansion For more information on the Steering Knuckle market , please contact Maximize Market Research for an Analyst Brief; our experts will assist you in making an informed market choice to achieve market growth.
Market Dynamics: Governments all over the world have passed tight regulations governing vehicle emissions and fuel efficiency. Fleet-level standards have been put in place by regulatory bodies like the International Council on Clean Transportation in Europe and the National Highway Traffic and Safety Administration in the United States. Automobile manufacturers are obligated to adhere to the average emission cap defined by these guidelines. These specifications have forced automakers to make more investments in fuel-efficient steering technologies, such as electronic power steering.
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
With a 75% market share, the Forging method category led the market in terms of manufacturing technique. The forging process provides the product with better hardness and endurance than any other method since temperature concentrations are kept constant. The disclosed steering knuckle forging process is straightforward, realistic, and reasonable in terms of process route design. It increases production efficiency significantly and promotes steering knuckle surface quality. Since they are less expensive and need less money to produce, forged components have become more and more popular, according to the Automotive Components Manufacturers Association (ACMA). These are the main elements that account for the segment’s significant market share.
Applying pressure on metal stock to induce plastic deformation in order to obtain a manufacturing method.
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Key Players: The following are the key players of the Steering Knuckle market –
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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Regional Analysis:
The region portion of the research also includes individual market affecting elements and changes in legislation in the market that affect present and future market trends. Data points such as downstream and upstream value chain analysis, technological trends and porter’s five forces analysis, and case studies are only a few of the indicators utilized to anticipate the market scenario for different nations.
COVID-19 Impact Analysis on Steering Knuckle market : The report also discusses how COVID-19 affected the Steering Knuckle market .
Key Questions Answered in the Steering Knuckle market Report are:
- What will be the CAGR of the Steering Knuckle market during the forecast period (2022-2029)?
- Which segment emerged as the leading segment in the Steering Knuckle market ?
- Which are the prominent players in the Steering Knuckle market ?
- What key trends are likely to emerge in the Steering Knuckle market in the forecast period?
- What will be the Steering Knuckle market size by 2029?
- Which company held the largest share in the Steering Knuckle market in 2020?
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