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 Overview:
The Steering Knuckle Market study may be tailored to incorporate pricing trend analysis of target brands, Market knowledge for additional countries (ask for a list of countries), clinical trial outcomes data, literature research, refurbished Market and product base analysis, and more. Target rival Market analysis can range from technology-based study to Market portfolio strategies. We can add as many rivals as you need data on in the format and data type you like. Our analysts can also supply you with data in raw raw excel files pivot tables or help you create presentations using the data sets included in the report.
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Steering Knuckle Market: A crucial part of the steering assembly is the steering knuckle. It offers accuracy in radius, stability for the front suspension, and flatness that is precisely machined. The steering knuckle has traditionally been made of ductile cast iron or forged steel, but the industry is switching to aluminium knuckles as a result of the trend towards lighter automobiles.
Segmentation:
by Vehicle Type
1. Passenger Cars
2. Commercial Vehicles
3. Off-road Vehicles
4. Others
by Manufacturing Method
1. Casting
2. Forging
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.
by Material Type
1.Steel
2. Aluminum
3. Composites
by Sales Channel
1. OEM
2. Aftermarket
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Key Players:
The Market competitive landscape Steering Knuckle gives information by competitor. Business overview, financials, revenue produced, Market potential, investment in R&D, new Market efforts, worldwide presence, production sites and facilities, production capacity, company strengths and weaknesses, product launch, product width and breadth, application domination are all mentioned. The data points presented above are only linked to the firms’ concentration on the Steering Knuckle sector. These are the main 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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Regional Analysis:
The country portion of the Steering Knuckle Market study additionally includes individual Market affecting elements and changes in legislation in the Market that affect present and future Market trends. Consumption volumes, production sites and volumes, import export analysis, price trend analysis, raw material costs, and downstream and upstream value chain analysis are some of the primary indicators utilised to anticipate the Market situation for particular nations. While providing forecast analysis of the nation data, the existence and availability of global brands, as well as the obstacles they face due to significant or scarce competition from local and domestic brands, as well as the impact of domestic tariffs and trade routes, are also taken into account.
COVID-19 Impact Analysis on Steering Knuckle Market:
A detailed study of Covid-19 impacts the Steering Knuckle Market is provided in the report.
The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Steering Knuckle Market segments.
Key Questions answered in the Steering Knuckle Market Report are:
- At what growth rate is the Steering Knuckle Market evolving?
- Who are the major Market giants operating in the global Steering Knuckle Market?
- Which application segment of the Steering Knuckle Market is observing the fastest growth?
- What is the primary driving factor of the global Steering Knuckle Market?
