Automotive Tie Rod Market Overview:
The Automotive Tie Rod market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Automotive Tie Rod Market, as well as the causes for variances in the industry’s growth in different regions.
Global Automotive Tie Rod : size was valued at US$ 774 Mn. in 2021 and the total revenue is expected to grow at 4.50% through 2022 to 2029, reaching nearly US$ 1100.16 Mn.
Market Scope:
Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
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Segmentation:
By Type, the market is classified into Steering Tie Rod Assembly and Straight Tie Rod Assembly. The Steering Tie Rod Assembly segment is expected to dominate the market through the forecast period. With the rise in demand for steering tie rods in the market as well as in commercial vehicles. Straight Tie Rod Assembly is expected to grow significantly through the forecast period.
By Application, the market is segmented into Passenger Cars, LCVs, and HCVs. The passenger car segments are expected to dominate the market through the forecast period. As well as the HCVs and LCVs are expected to grow significantly through the forecast period.
Key Players:
• Ample Auto Tech Pvt. Ltd. (India)
• G.S. Autocomp Pvt. Ltd. (India)
• Sme Lifting (Italy)
• Peter Eisenreich GmbH (Germany)
• BO-INNO GmbH. (Germany)
• JULI SLING CO., LTD (China)
• Ocap Chassis Parts Pvt. Ltd. (India)
• FAI Automotive (UK)
• Powers & Sons (US)
• Honssion Auto Chassis System (Zhejiang) (China)
• Patmax Union Corporation (China)
• Federal-Mogul (U.S.)
• TRW Automotive (U.S.)
• ACDelco (U.S.)
• Ditas (Turkey)
• Mando Corporation (South Korea)
• Sankei (Tokyo), KDK Forging (U.S.)
• Mevotech (Canada)
• MAS Industries (Canada)
• FAI Automotive Plc (U.K.)
• Crown Automotive (U.S.)
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
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Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Automotive Tie Rod analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Automotive Tie Rod Market:
End-user industries where Automotive Tie Rod are utilised saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Automotive Tie Rod manufacturers, influencing the development of the Automotive Tie Rod in 2020. End-user business demand for Automotive Tie Rod has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the Automotive Tie Rod Report are:
- In 2021, which segment held the highest proportion of the Automotive Tie Rod market?
- What is the Automotive Tie Rod market’s competitive landscape?
- What are the primary drivers assisting Automotive Tie Rod growth?
- Which region has the most market share in the Automotive Tie Rod market?
- What will be the Automotive Tie Rod market’s CAGR throughout the projected period (2022-2027)?
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