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The automotive steering knuckle market share is expected to increase to USD 8.81 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.76%.
This automotive steering knuckle market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The automotive steering knuckle market report also offers information on several market vendors, including BEINBAUER GROUP, Dorman Products Inc., FAGOR EDERLAN S. COOP., Farinia Group, Fengcheng Danyang Machinery Co.Ltd., Georg Fischer Corp., Happy Forgings Ltd., Kalyani Group, Kumar Autocast, Metalyst Forgings Ltd., Mobex Global, Ningbo Saipu Auto Steering System Co. Ltd., RIVOLTECH AUTO ENGG. PVT. LTD., Sandvik Coromant, Sarvagya Lifters Pvt. Ltd., Seco, Teksid S.p.A., TeraFlex Inc., The Sakthi Group, and TUNGALOY CORP. among others. Furthermore, this report extensively covers automotive steering knuckle market segmentation by application (passenger cars and commercial vehicles) and geography (APAC, Europe, North America, South America, and Middle East and Africa).
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The increased precision in the manufacture of the steering knuckle is notably driving the automotive steering knuckle market growth, although factors such as the increasing cost of steel may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive steering knuckle industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Steering Knuckle Market Driver
Key Automotive Steering Knuckle Market Trend
Key Automotive Steering Knuckle Market Challenge
This automotive steering knuckle market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global automotive steering knuckle market as a part of the global auto parts and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive steering knuckle market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive steering knuckle market encompasses successful business strategies deployed by the key vendors. The automotive steering knuckle market is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive steering knuckle market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive steering knuckle market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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71% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for automotive steering knuckle in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The significant increase in the per-capita income high investment in infrastructure and industrial development will boost the demand for commercial vehicles, which will facilitate the automotive steering knuckle market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of the COVID-19 pandemic in 2020 across the region slowed down the growth of the automotive industry, thereby negatively impacting the market in focus. Countries such as China, Japan, and India were among those severely affected by the pandemic. Mass vaccination drives and stringent norms such as maintaining social distancing were imposed by the government. These factors are anticipated to propel the regional market growth during the forecast period.
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The automotive steering knuckle market share growth by the passenger cars segment will be significant during the forecast period. The significant increase in the production of passenger vehicles would positively impact the global automotive steering knuckle market for passenger cars in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive steering knuckle market size and actionable market insights on post COVID-19 impact on each segment.
Automotive Steering Knuckle Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.76% |
Market growth 2022-2026 |
$ 8.81 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.6 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 71% |
Key consumer countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
BEINBAUER GROUP, Dorman Products Inc., FAGOR EDERLAN S. COOP., Farinia Group, Fengcheng Danyang Machinery Co.Ltd., Georg Fischer Corp., Happy Forgings Ltd., Kalyani Group, Kumar Autocast, Metalyst Forgings Ltd., Mobex Global, Ningbo Saipu Auto Steering System Co. Ltd., RIVOLTECH AUTO ENGG. PVT. LTD., Sandvik Coromant, Sarvagya Lifters Pvt. Ltd., Seco, Teksid S.p.A., TeraFlex Inc., The Sakthi Group, and TUNGALOY CORP. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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