One of the key problems impeding EPS adoption is the greater cost of steering knuckles. The absence of economies of scale, as well as the incomplete supply chain, are factors leading to the sluggish adoption of improved steering knuckles. However, it is hard to repair electrical automotive parts without specialised medical equipment and contemporary tools. Electronic power steering knuckles fail due to computer failure, sensor damage, or simple wear and tear, and the repair and maintenance costs are substantially more than with conventional steering knuckles. As a result, end-user demand for EPS has decreased, and steering knuckle adoption has been limited.
Steering Knuckle Market Overview:
In our comprehensive analysis of the Steering Knuckle Market spanning multiple industries, our dedicated research team conducted an extensive and thorough investigation. To reinforce existing data, segment the market, determine its overall size, and project its growth rate, we conducted meticulous secondary research.
This comprehensive study aims to uncover the key drivers propelling the growth of the global Steering Knuckle Market, shedding light on its diverse user base. We painstakingly sourced data from market participants, various regions, and specific industry requirements. This research proposal, tailored for the market, offers an intricate overview of the significant developments currently shaping every aspect of the market. Key data analyses will be presented in various formats, including statistics, infographics, and presentations.
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.
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Steering Knuckle Market Scope:
In our in-depth analysis of the Steering Knuckle Market across multiple industries, our dedicated research team conducted an exhaustive and comprehensive investigation. To fortify existing data, segment the market, determine its overall size, and project its growth rate, we conducted thorough secondary research.
This all-encompassing study is designed to unveil the driving forces behind the global Steering Knuckle Market’s expansion, illuminating its diverse user base. We meticulously sourced data from market participants, various regions, and specific industry requirements. This meticulously crafted research proposal provides a detailed overview of the significant developments currently influencing every facet of the market. Key data analyses will be presented in a variety of formats, including statistics, infographics, and presentations.
Steering Knuckle Market Regional Insights:
The Steering Knuckle Market study undertakes a thorough examination at the country level, with a specific focus on segments identified as having substantial growth potential, countries commanding the largest market share, and nations demonstrating significant development prospects. This geographical breakdown in our study encompasses North America (including the USA and Canada), South America, Asia Pacific (encompassing China, Japan, India, and Korea), Europe (covering Germany, UK, France, and Italy), as well as other regions.
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
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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 Steering Knuckle Market are:
- What is the Steering Knuckle market size of the dominating region?
- What was the Steering Knuckle market size in 2022?
- What is the expected Steering Knuckle market size by 2029?
- What is the growth rate of the Steering Knuckle Market?
- Which are the factors expected to drive the Steering Knuckle market growth?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- 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
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