Automotive Steering Knuckle Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Automotive steering knuckle is a part of the automobile front axle. Of the various components at the front axle, the steering knuckle performs a vital function in determining the steering angle. Steering knuckle is a safety component in a vehicle. Failure of steering knuckle can also additionally motive heavy traffic injuries if there's any exceptional trouble with a system. The shape of automobile steering knuckle is complicated, belongs to compound form of forgings, and it includes the fork, plate, bar of three parts. Therefore, the forging technique needs to conform to the forming traits of three forms of forgings. The steering knuckle is appeared as a quite complicated forging component in the automotive industry. The steering knuckle in the car suspension incorporates the wheel hub or spindle and is connected to the suspension of the vehicle. It is variously referred to as a steering knuckle, spindle, upright or hub, as well. The composite material segment is the latest trend and is projected to enhance the steering knuckle market for automotive in the course of the forecast period. Utilization of composite material in new applications in numerous industries, as a substitute for metal, has accelerated because of its advantages such as better strength-to-weight ratio, corrosion resistance, and workability.

MARKET DYNAMICS

Global Automotive Steering Knuckle Market is predicted to witness slight growth during the forecast period as a result of the growing trend of rear-axle steering system and technological improvements in the automobile industry. These elements are predicted to drive the demand for Automotive Steering Knuckle in the coming years. Despite the steadfast market drivers, the worldwide steering knuckle market is being stymied with the aid of using high machining & maintenance expenses and slow pace of automation in manufacturing. Challenges referring to inventory management which includes lack of transparency in the demand variability, supply chain, and high reaction time are also projected to have a poor effect on the overall marketplace.

MARKET SCOPE

The "Automotive steering knuckle market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation with a special focus on the global market trend analysis. The report aims to provide an overview of automotive steering knuckle market with detailed market segmentation by type, sales channel, vehicle type, and geography. The global automotive steering knuckle market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Automotive steering knuckle market players and offers key trends and opportunities in the automotive steering knuckle market.

MARKET SEGMENTATION

The global automotive steering knuckle market is segmented on the basis of type, sales channel, and vehicle type. On the basis of type, the market is segmented as alloy, cast iron, and others. On the basis of sales channel, the market is segmented as OEM, and aftermarket. On the basis of vehicle type, the market is segmented as passenger cars, and commercial vehicles.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive steering knuckle market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive steering knuckle market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting automotive steering knuckle market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive steering knuckle market in these regions.

Automotive Steering Knuckle Market Report Analysis

Automotive Steering Knuckle Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• BEINBAUER GROUP
• Bharat Forge
• Farinia Group
• Happy Forgings
• Jikasu Engineering Corporation
• MAG and Saginaw Machine Systems
• NINGBO SAP STEERING SYSTEM CO.,LTD
• Sakthi Auto Component Limited
• TEKSID S.P.A.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Type

• Alloy
• Cast Iron

By Sales channel

• OEM
• Aftermarket

By Vehicle Type

• Passenger Cars
• Commercial Vehicles

MARKET PLAYERS

The reports cover key developments in the automotive steering knuckle market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from automotive steering knuckle market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive steering knuckle market. Below mentioned is the list of few companies engaged in the automotive steering knuckle market.

The report also includes the profiles of key automotive steering knuckle market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered financial information of last 3 years, key development in past five years.

•   BEINBAUER GROUP
  
•   Bharat Forge
  
•   Farinia Group
  
•   Happy Forgings
  
•   Jikasu Engineering Corporation
  
•   MAG and Saginaw Machine Systems
  
•   NINGBO SAP STEERING SYSTEM CO.,LTD
  
•   Sakthi Auto Component Limited
  
•   TEKSID S.P.A.
  
•   TeraFlex Suspensions.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Automotive Steering Knuckle Market Report Scope