Market Overview:
The global automotive tie rod assembly market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for passenger cars, LCVs and M&HCVs across the globe. The global automotive tie rod assembly market has been segmented on the basis of type into steering tie rod assembly and straight tie rod assembly. The steering tie rod assembly segment is expected to account for a major share of the global automotive tie rod assembly market during the forecast period. This can be attributed to its growing demand in passenger cars across different regions. On the basis of application, the global automotive Tie Rod Assembly Market has been segmented into passenger cars, LCVs and M&HCVs.
Product Definition:
The automotive tie rod assembly is a component of the steering system that connects the steering rack to the wheels. It allows for movement of the wheels in all directions, allowing the car to be steered. The assembly includes two tie rods and two connecting joints.
Steering Tie Rod Assembly:
Steering tie rod assembly is a device that connects steering wheel to the front suspension. It helps in maintaining the alignment of wheels with respect to each other and also provides stability to vehicle when driver makes sudden maneuvering.
The global market for steering tie rod assembly is expected to witness significant growth over the forecast period owing to its increasing usage in passenger cars, especially sports utility vehicles (SUV).
Straight Tie Rod Assembly:
The straight tie rod assembly is a device that connects the steering knuckle to the steering column. It is used in automobiles to connect the front wheels with their corresponding tires. The STRAIGHT-TIE ROD ASSEMBLY market size spans across major regions including North America, Europe, Asia Pacific and RoW. The growth of automobile industry plays a crucial role in influencing overall market growth as majority of sales are generated through this channel.
Application Insights:
Passenger cars accounted for a major share in the global automotive tie rod assembly market and this trend is expected to continue over the forecast period. The growing importance of passenger cars in developed economies such as Germany, France and U.K., on account of increasing disposable income levels among consumers, will drive demand for passenger car models across various regions globally. In addition, stringent government regulations regarding maximum permissible length of vehicles coupled with rising consumer preference for sports utility vehicles (SUVs) is anticipated to further fuel demand over the forecast period.
The LCV segment is also likely to grow at a significant rate owing to its ability touse off-road conditions effectively coupled with low maintenance cost as compared to other vehicle types such as light commercial vehicles or heavy trucks among others.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing region over the forecast period. The growth can be attributed to increasing production and sales of passenger cars in China, India, Japan, South Korea and Taiwan. Moreover, rising disposable income coupled with stringent government regulations regarding fuel economy is expected to drive demand for light weight vehicles in this region. This will result in increased production of tie rods across Asia Pacific over the next eight years.
The market for tie rod assembly in Europe was dominated by Germany until 2016 when other countries such as France and U.K., started catching up owing to strong economic growth post BREXIT vote & Eurozone crisis (in 2017).
Growth Factors:
- Increasing demand for automobiles: The global automotive market is expected to grow at a CAGR of 4.5% from 2016 to 2020, reaching a value of US trillion by 2020. This growth is primarily attributed to the increasing demand for automobiles in developing countries, such as China and India.
- Rising disposable income: The rise in disposable income has led to an increase in the number of luxury car buyers, thereby driving the demand for automotive tie rod assemblies.
- Technological advancements: Automotive manufacturers are increasingly adopting advanced technologies such as electric vehicles and autonomous cars, which require sophisticated tie rod assemblies for efficient functioning. This is expected to drive the growth of the global automotive tie rod assembly market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Tie Rod Assembly Market Research Report
By Type
Steering Tie Rod Assembly, Straight Tie Rod Assembly
By Application
Passenger Cars, LCVs, M&HCVs
By Companies
Tenneco(Federal-Mogul), ZF Friedrichshafen, DiTAS, ACDelco, Mando, SANKEI INDUSTRY, K.D.K. Forging Company, HONSSION AUTO CHASSIS SYSTEM (ZHEJIANG), FAI Automotive, Mevotech, Tenneco(Federal-Mogul), Powers & Sons, Patmax Union Corporation, Zhejiang Jiayuan Machinery Manufacturing, Taizhou Terrill Auto Parts Manufacturing
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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Tie Rod Assembly Market Report Segments:
The global Automotive Tie Rod Assembly market is segmented on the basis of:
Types
Steering Tie Rod Assembly, Straight Tie Rod Assembly
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 Cars, LCVs, M&HCVs
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:
- Tenneco(Federal-Mogul)
- ZF Friedrichshafen
- DiTAS
- ACDelco
- Mando
- SANKEI INDUSTRY
- K.D.K. Forging Company
- HONSSION AUTO CHASSIS SYSTEM (ZHEJIANG)
- FAI Automotive
- Mevotech
- Tenneco(Federal-Mogul)
- Powers & Sons
- Patmax Union Corporation
- Zhejiang Jiayuan Machinery Manufacturing
- Taizhou Terrill Auto Parts Manufacturing
Highlights of The Automotive Tie Rod Assembly 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:
- Steering Tie Rod Assembly
- Straight Tie Rod Assembly
- By Application:
- Passenger Cars
- LCVs
- M&HCVs
- 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 Automotive Tie Rod Assembly 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.
How you may use our products:
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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?
An automotive tie rod assembly is a component of a car that connects the steering wheel to the chassis. It helps to keep the car in its desired direction by transferring torque from the engine to the wheels.
Some of the major companies in the automotive tie rod assembly market are Tenneco(Federal-Mogul), ZF Friedrichshafen, DiTAS, ACDelco, Mando, SANKEI INDUSTRY, K.D.K. Forging Company, HONSSION AUTO CHASSIS SYSTEM (ZHEJIANG), FAI Automotive, Mevotech, Tenneco(Federal-Mogul), Powers & Sons, Patmax Union Corporation, Zhejiang Jiayuan Machinery Manufacturing, Taizhou Terrill Auto Parts Manufacturing.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Tie Rod Assembly Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Automotive Tie Rod Assembly Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Automotive Tie Rod Assembly Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Automotive Tie Rod Assembly Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Automotive Tie Rod Assembly Market Size & Forecast, 2020-2028 4.5.1 Automotive Tie Rod Assembly Market Size and Y-o-Y Growth 4.5.2 Automotive Tie Rod Assembly Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Steering Tie Rod Assembly
5.2.2 Straight Tie Rod Assembly
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 LCVs
6.2.3 M&HCVs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Tie Rod Assembly Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Tie Rod Assembly Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Steering Tie Rod Assembly
9.6.2 Straight Tie Rod Assembly
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 LCVs
9.10.3 M&HCVs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Steering Tie Rod Assembly
10.6.2 Straight Tie Rod Assembly
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 LCVs
10.10.3 M&HCVs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Steering Tie Rod Assembly
11.6.2 Straight Tie Rod Assembly
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 LCVs
11.10.3 M&HCVs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Steering Tie Rod Assembly
12.6.2 Straight Tie Rod Assembly
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 LCVs
12.10.3 M&HCVs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Steering Tie Rod Assembly
13.6.2 Straight Tie Rod Assembly
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 LCVs
13.10.3 M&HCVs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Tie Rod Assembly Market: Competitive Dashboard
14.2 Global Automotive Tie Rod Assembly Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tenneco(Federal-Mogul)
14.3.2 ZF Friedrichshafen
14.3.3 DiTAS
14.3.4 ACDelco
14.3.5 Mando
14.3.6 SANKEI INDUSTRY
14.3.7 K.D.K. Forging Company
14.3.8 HONSSION AUTO CHASSIS SYSTEM (ZHEJIANG)
14.3.9 FAI Automotive
14.3.10 Mevotech
14.3.11 Tenneco(Federal-Mogul)
14.3.12 Powers & Sons
14.3.13 Patmax Union Corporation
14.3.14 Zhejiang Jiayuan Machinery Manufacturing
14.3.15 Taizhou Terrill Auto Parts Manufacturing