Global Automotive Tie Rod Assembly Market 2017-2021

Overview of the global automotive tie rod assembly market

Auto component manufacturers are focusing on reducing the weight of components by adopting design optimization techniques. This in turn, will boost the fuel efficiency of the vehicles and enhance the load carrying capacity. Our research analysis on the global automotive tie rod assembly market identifies that the optimization of tie rod design will be one of the major factors that will have a positive impact on the growth of the market. The adoption of computer-aided engineering (CAE) and computational flow dynamics (CFD) is increasing in the automotive industry to achieve design optimization in pre-product development. This will boost the performance of the final product. Technavio’s market research analysts predict that this global market will register a revenue of USD 21 billion by 2021.

Manufacturers are focusing on the application of advanced aluminum, magnesium, plastic, or composite materials to develop the lightweight automotive design. They are also applying manufacturing technology or adopting optimization techniques. This in turn, will reduce the consumption of energy in comparison to conventional materials. The changes in tie rod assembly design have resulted in the development of lightweight automotive tie rod parts. They are also focusing on reducing the size of tie rods. The growing popularity of lightweight materials is identified as one of the key trends that will stimulate growth in the automotive tie rod assembly market.

Competitive landscape and key vendors

The automotive tie rod assembly market is highly fragmented and characterized by the presence of global and local players. These vendors are increasingly competing against each other based on factors such as product and service quality and availability, customer relationship, and pricing, but R&D will play a crucial role in this market in future.

Key vendors in this market are -

• Federal-Mogul
• ZF Friedrichshafen
• SANKEI INDUSTRY
• ACDelco
• DİTAŞ

Other prominent vendors in the market include Crown Automotive Sales, FAI Automotive, HONSSION AUTO CHASSIS SYSTEM (ZHEJIANG), K.D.K. Forging Company, Mando, MAS, Mevotech, Patmax Union Corporation, Powers & Sons, Rare Parts, SAMYUNG, Taizhou Terrill Auto Parts Manufacturing, and Zhejiang Jiayuan Machinery Manufacturing.

Segmentation by application and analysis of the automotive tie rod assembly market

• Passenger cars
• LCVs
• M&HCVs

The major portion of the demand for automotive tie rod assembly is generated from developed countries such as the US, Canada, and Germany and developing economies such as China, India, Thailand, and Indonesia. The sales volume of passenger cars is increasing due to the rising trend for digitization, increasing automation, and sustainability policies. This in turn, will boost the sales of automotive tie rods.

Segmentation by geography and analysis of the automotive tie rod assembly market

• Americas
• APAC
• EMEA

The adoption automotive tie rod assembly is high in APAC due to the presence of major automotive manufacturers. The region has a large number of automotive consumers including as India, China, Indonesia, Thailand, and Japan. The automotive tie rod assembly market is witnessing growth in the APAC region due to easy availability of raw materials and low production cost.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive tie rod assembly market?
• What are the key market trends impacting the growth of the global automotive tie rod assembly market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive tie rod assembly market?
• What are the market opportunities and threats faced by the vendors in the global automotive tie rod assembly market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global automotive tie rod assembly market?

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