The global steering knuckle & stub axle market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 2.2 billion by 2030. The growth of the market can be attributed to the increasing demand for passenger cars and commercial vehicles in emerging economies such as China and India, which are witnessing an increase in their GDP per capita. The increasing demand for passenger cars and commercial vehicles is also driving the growth of this market. The steel material segment accounted for over 50% share of the total market revenue in 2017, owing to its high strength and durability properties that make it suitable for heavy-duty applications such as trucks, buses, tractors, trailers etc, which are used extensively across various industries including construction industry and mining industry. The aluminum material segment is expected to grow at a CAGR of 4% during the forecast period due to its lightweight nature that makes it suitable for use in passenger cars with limited space available inside them.
Some Of The Growth Factors Of This Market:
- Increasing demand for light vehicles in emerging economies such as India and China is expected to drive the Steering Knuckle & Stub Axle market growth over the forecast period, 2018-2025.
- Increasing demand for SUVs and crossovers in developed economies such as North America and Europe is also expected to drive the Steering Knuckle & Stub Axle market growth over the forecast period, 2018-2025.
- The increasing number of vehicle recalls due to faulty steering knuckles has led to an increase in demand for replacement parts which will also drive the Steering Knuckle & Stub Axle market growth over the forecast period, 2018-2025 5) Increasing focus on safety features by OEMs will also lead to increased demand for steering knuckles which will further fuel the Steering Knuckle & Stub Axle market growth over the forecast period, 2018-2025.
Industry Growth Insights published a new data on “Steering Knuckle & Stub Axle Market”. The research report is titled “Steering Knuckle & Stub Axle Market research by Types (Steel Material, Aluminum Material, Alloys Material), By Applications (Passenger Car, Commercial Vehicle), By Players/Companies Teksid, Farinia, TeraFlex Suspensions, Happy Forgings, Busche Performance, Jikasu Engineering, MAG IAS, ATTC Manufacturing, Sakthi Auto, NINGBO SAP STEERING SYSTEM”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Steering Knuckle & Stub Axle Market Research Report
By Type
Steel Material, Aluminum Material, Alloys Material
By Application
Passenger Car, Commercial Vehicle
By Companies
Teksid, Farinia, TeraFlex Suspensions, Happy Forgings, Busche Performance, Jikasu Engineering, MAG IAS, ATTC Manufacturing, Sakthi Auto, NINGBO SAP STEERING SYSTEM
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Steering Knuckle & Stub Axle Market Report Segments:
The global Steering Knuckle & Stub Axle market is segmented on the basis of:
Types
Steel Material, Aluminum Material, Alloys Material
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Teksid
- Farinia
- TeraFlex Suspensions
- Happy Forgings
- Busche Performance
- Jikasu Engineering
- MAG IAS
- ATTC Manufacturing
- Sakthi Auto
- NINGBO SAP STEERING SYSTEM
Highlights of The Steering Knuckle & Stub Axle Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Steel Material
- Aluminum Material
- Alloys Material
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Steering Knuckle & Stub Axle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A steering knuckle is a metal or plastic piece that attaches to the front of the vehicle's axle and helps guide it in a straight line. A stub axle is an assembly of several parts that connects the steering knuckle to the vehicle's frame, providing more stability when turning.
Some of the major players in the steering knuckle & stub axle market are Teksid, Farinia, TeraFlex Suspensions, Happy Forgings, Busche Performance, Jikasu Engineering, MAG IAS, ATTC Manufacturing, Sakthi Auto, NINGBO SAP STEERING SYSTEM.
The steering knuckle & stub axle market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Steering Knuckle & Stub Axle Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Steering Knuckle & Stub Axle Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Steering Knuckle & Stub Axle Market - Supply Chain
4.5. Global Steering Knuckle & Stub Axle Market Forecast
4.5.1. Steering Knuckle & Stub Axle Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Steering Knuckle & Stub Axle Market Size (000 Units) and Y-o-Y Growth
4.5.3. Steering Knuckle & Stub Axle Market Absolute $ Opportunity
5. Global Steering Knuckle & Stub Axle Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Steering Knuckle & Stub Axle Market Size and Volume Forecast by Type
5.3.1. Steel Material
5.3.2. Aluminum Material
5.3.3. Alloys Material
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Steering Knuckle & Stub Axle Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Steering Knuckle & Stub Axle Market Size and Volume Forecast by Application
6.3.1. Passenger Car
6.3.2. Commercial Vehicle
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Steering Knuckle & Stub Axle Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Steering Knuckle & Stub Axle Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Steering Knuckle & Stub Axle Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Steering Knuckle & Stub Axle Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Steering Knuckle & Stub Axle Demand Share Forecast, 2019-2026
9. North America Steering Knuckle & Stub Axle Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Steering Knuckle & Stub Axle Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Steering Knuckle & Stub Axle Market Size and Volume Forecast by Application
9.4.1. Passenger Car
9.4.2. Commercial Vehicle
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Steering Knuckle & Stub Axle Market Size and Volume Forecast by Type
9.7.1. Steel Material
9.7.2. Aluminum Material
9.7.3. Alloys Material
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Steering Knuckle & Stub Axle Demand Share Forecast, 2019-2026
10. Latin America Steering Knuckle & Stub Axle Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Steering Knuckle & Stub Axle Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Steering Knuckle & Stub Axle Market Size and Volume Forecast by Application
10.4.1. Passenger Car
10.4.2. Commercial Vehicle
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Steering Knuckle & Stub Axle Market Size and Volume Forecast by Type
10.7.1. Steel Material
10.7.2. Aluminum Material
10.7.3. Alloys Material
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Steering Knuckle & Stub Axle Demand Share Forecast, 2019-2026
11. Europe Steering Knuckle & Stub Axle Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Steering Knuckle & Stub Axle Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Steering Knuckle & Stub Axle Market Size and Volume Forecast by Application
11.4.1. Passenger Car
11.4.2. Commercial Vehicle
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Steering Knuckle & Stub Axle Market Size and Volume Forecast by Type
11.7.1. Steel Material
11.7.2. Aluminum Material
11.7.3. Alloys Material
11.8. Basis Point Share (BPS) Analsis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Steering Knuckle & Stub Axle Demand Share, 2019-2026
12. Asia Pacific Steering Knuckle & Stub Axle Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Steering Knuckle & Stub Axle Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Steering Knuckle & Stub Axle Market Size and Volume Forecast by Application
12.4.1. Passenger Car
12.4.2. Commercial Vehicle
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Steering Knuckle & Stub Axle Market Size and Volume Forecast by Type
12.7.1. Steel Material
12.7.2. Aluminum Material
12.7.3. Alloys Material
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Steering Knuckle & Stub Axle Demand Share, 2019-2026
13. Middle East & Africa Steering Knuckle & Stub Axle Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Steering Knuckle & Stub Axle Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Steering Knuckle & Stub Axle Market Size and Volume Forecast by Application
13.4.1. Passenger Car
13.4.2. Commercial Vehicle
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Steering Knuckle & Stub Axle Market Size and Volume Forecast by Type
13.7.1. Steel Material
13.7.2. Aluminum Material
13.7.3. Alloys Material
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Steering Knuckle & Stub Axle Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Steering Knuckle & Stub Axle Market: Market Share Analysis
14.2. Steering Knuckle & Stub Axle Distributors and Customers
14.3. Steering Knuckle & Stub Axle Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Teksid
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Farinia
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TeraFlex Suspensions
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Happy Forgings
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Busche Performance
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Jikasu Engineering
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MAG IAS
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ATTC Manufacturing
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sakthi Auto
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. NINGBO SAP STEERING SYSTEM
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook