Steering Knuckle Market Overview:

Maximize Market Research is an Steering Knuckle research firm that has provided a detailed analysis of the “Steering Knuckle Market”. The report expects the market to grow from USD 59.95 Bn. in 2021 to USD 97.0 Bn. by 2029. at a CAGR of 6.2 percent during the forecast period from 2023 to 2029. The report contains key business insights, demand analysis, pricing analysis, and competitive landscape.

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Steering Knuckle Market Scope and Methodology:

The report offers a comprehensive review of the Steering Knuckle market. The report provides an in-depth analysis of market trends and highlights, assisting clients in identifying opportunities and formulating effective market strategies. Both primary and secondary data sources were utilized, enabling a thorough collection of qualitative and quantitative information.The report focuses on drivers, challenges, major restraints, and opportunities influencing the Steering Knuckle market. A bottom-up approach was employed to determine the market size, with segmentation. This segmentation allows for the analysis of various aspects that impact the market's growth positively or negatively. The report identifies emerging regions expected to become significant markets for the Steering Knuckle market. Furthermore, a PESTLE analysis was employed to understand the potential impact of microeconomic factors on the Steering Knuckle market.

Steering Knuckle Market Dynamics:

Governments all over the world have passed stringent laws pertaining to fuel economy and vehicle emissions. Fleet-level regulations have been put into 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. Automakers are required to adhere to the average emission cap set by these guidelines. Automakers have been forced by these regulations to increase their investments in fuel-efficient steering technologies, such as electronic power steering.

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Steering Knuckle Market Regional Insights

The Steering Knuckle market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis provides the Steering Knuckle market status of various countries included in the report.  

Steering Knuckle Market 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. More hardness and durability are added to the product throughout the forging process than during any other method because temperature concentrations are maintained constant. The revealed steering knuckle forging method improves the surface quality of the steering knuckle and significantly increases production efficiency. Its process route design is reasonable, straightforward, and doable. The Automotive Components Manufacturers Association (ACMA) claims that the cheap cost and reduced production costs of forged components have contributed to their increasing popularity in recent years. These are the main causes of the segment's significant market share.

One of the two main components of forging and stamping is the process of applying pressure to metal stock to generate plastic deformation in order to produce a processing technique with a defined mechanical performance, specified shape, and size (forging and punching press). In the mechanical sector, forging is widely used on many fronts, and it is mostly used in the manufacturing of knuckle workpieces. Nevertheless, the current steering knuckle forging technology has a longer process cycle, demands more time and effort, has low production efficiency, and produces knuckles with barely passable quality due to the many obstacles that modern design has generated. These hence limit the segment's growth during the projection period.

Steering Knuckle Market Key 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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Key questions answered in the Steering Knuckle Market are:

• What is Steering Knuckle?
• What was the Steering Knuckle market size in 2024?
• What is the growth rate of the Steering Knuckle Market?
• Which are the factors expected to drive the Steering Knuckle market growth?
• What are the different segments of the Steering Knuckle Market?
• What growth strategies are the players considering to increase their presence in Steering Knuckle?
• What are the upcoming industry applications and trends for the Steering Knuckle Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Steering Knuckle Market?
• What major challenges could the Steering Knuckle Market face in the future?
• What segments are covered in the Steering Knuckle Market?
• Who are the leading companies and what are their portfolios in Steering Knuckle Market?
• What segments are covered in the Steering Knuckle Market?
• Who are the key players in the Steering Knuckle market?

Key Offerings:

• Past Market Size and Competitive Landscape (2019 to 2023)
• Past Pricing and price curve by region (2019 to 2023)
• Market Size, Share, Size & Forecast by different segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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