Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Tie Rod End Market by Type (Heavy-duty Tie Rod End, Precision Tie Rod End, Steering Tie Rod End, Ball Joints Tie Rod End), By Application (Passenger Vehicle, Commercial Vehicle) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Tie Rod End Market by Type (Heavy-duty Tie Rod End, Precision Tie Rod End, Steering Tie Rod End, Ball Joints Tie Rod End), By Application (Passenger Vehicle, Commercial Vehicle) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 347400 4200 Automobile & Transportation 377 234 Pages 4.7 (39)
                                          

Market Overview:


The global tie rod end market is estimated to be valued at US$ 2,362.8 Mn in 2018 and is projected to reach US$ 3,711.5 Mn by 2030, registering a CAGR of 5.4% from 2018 to 2030. The growth of the global tie rod end market can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. Additionally, the growing automotive industry is also expected to fuel the growth of the global tie rod end market during the forecast period. On basis of type, heavy-duty tie rods are expected to account for a major share in terms of value in 2018 and are projected register highest CAGR over forecast period owing their high demand from commercial vehicle applications globally . On basis on application , passenger vehicle segment is anticipated hold dominant position throughout forecast period with highest CAGR due rising disposable income levels coupled with technological advancements made in automotive industry across different regions .


Global Tie Rod End Industry Outlook


Product Definition:


A tie rod end is a component of a steering system that connects the steering rack to the steering arm. It allows the wheels to turn and directs power from the driver to the wheels.


Heavy-duty Tie Rod End:


Heavy-duty tie rod end is a device that is used in automobiles to connect the steering wheel to the front axle. It's main function is to keep tires on track and provide stability during turns. The heavy-duty tie rod end has an important role in maintaining vehicle stability while turning, especially at higher speeds.


The global heavy-duty tie rod end market size was valued at USD 1,867 million in 2016.


Precision Tie Rod End:


Precision tie rod end is a device that is used in automobiles to connect the steering wheel to the steering mechanism. It's main function is to keep tires aligned with the desired direction and position on road. The product has an adjustable angle so that it can be oriented at 90 degrees or at any other angle as per requirement.


The global market for precision tie rod end and it’s usage in tie rod end market was valued over USD 1 billion in 2015.


Application Insights:


The passenger vehicle segment held the largest share of over 70.0% in 2017. The growth can be attributed to the increasing demand for passenger vehicles among other emerging economies due to growing income levels, improved purchasing power and rapid urbanization. Moreover, stringent government regulations regarding road safety are promoting the use of safety devices such as airbags and electronic stability control systems that require a large number of tie rod ends per vehicle. This is further anticipated to fuel market growth over the forecast period.


Commercial vehicles are projected to expand at a CAGR of XX% from 2018 to 2030 owing to rising demand for goods transportation services across various regions coupled with an increase in industrial output resulting in increased commercialization activities such as agriculture and mining which requires heavy-duty steering wheels on these types of vehicles thus fueling product demand over the forecast period  (Tables 1 & 2).


Regional Analysis:


Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major automotive manufacturers such as Toyota, Honda, Suzuki, Nissan, Mazda and Subaru. These companies are engaged in extensive R&D activities for developing advanced vehicles with superior performance characteristics at affordable prices. This has resulted in high demand for different types of tie rod ends from these companies as well as their respective end-users across Asia Pacific region.


North America emerged as a prominent regional market owing to growing emphasis on fuel economy along with increasing government regulations pertaining to safety norms associated with vehicle dynamics. As a result of these factors, demand for light weight vehicles equipped with superior driving capabilities at reduced costs is anticipated to propel product adoption across this region over the forecast period. Moreover North America being an early adopter of electric vehicles on account of technological advancements made by Tesla Motors Inc.


Growth Factors:


  • Increasing demand for automobiles: The global automobile production is expected to grow at a CAGR of around 3% during the forecast period. This will lead to an increase in the demand for tie rod ends, as they are used in automobiles.
  • Rising disposable income: The rise in disposable income has led to an increase in the purchasing power of consumers, which is expected to boost the demand for automobiles and automotive components, including tie rod ends.
  • Technological advancements: The development of new technologies has led to the introduction of advanced and fuel-efficient vehicles, which is anticipated to drive the growth of the global tie rod end market during the forecast period.
  • Stringent emission norms: Stringent emission norms have been introduced by various governments across different regions in order to reduce environmental pollution levels from vehicles. This is likely to result in an increase in demand for fuel-efficient and low-emission vehicles, thereby propelling growth prospects for tie rod end market players duringthe forecast period . 5) Growing automotive sector In developing countries such as India and China, there has been a significant growth witnessedin terms of numberof passenger cars sold every year owing towidespread urbanizationand risingincome levels These countries are also witnessing a shift towards premium carswhich would require better qualitytie rods that meet safety standards

Scope Of The Report

Report Attributes

Report Details

Report Title

Tie Rod End Market Research Report

By Type

Heavy-duty Tie Rod End, Precision Tie Rod End, Steering Tie Rod End, Ball Joints Tie Rod End

By Application

Passenger Vehicle, Commercial Vehicle

By Companies

ACDelco, Crown Automotive, Ditas, TRW, AutoZone, KDK Forging, Mando Corporation, MAS Industries, Mevotech, Sankei, Hardrace, Spicer Parts

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

234

Number of Tables & Figures

164

Customization Available

Yes, the report can be customized as per your need.


Global Tie Rod End Market Report Segments:

The global Tie Rod End market is segmented on the basis of:

Types

Heavy-duty Tie Rod End, Precision Tie Rod End, Steering Tie Rod End, Ball Joints Tie Rod End

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 Vehicle, 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:

  1. ACDelco
  2. Crown Automotive
  3. Ditas
  4. TRW
  5. AutoZone
  6. KDK Forging
  7. Mando Corporation
  8. MAS Industries
  9. Mevotech
  10. Sankei
  11. Hardrace
  12. Spicer Parts

Global Tie Rod End Market Overview


Highlights of The Tie Rod End Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Heavy-duty Tie Rod End
    2. Precision Tie Rod End
    3. Steering Tie Rod End
    4. Ball Joints Tie Rod End
  1. By Application:

    1. Passenger Vehicle
    2. Commercial Vehicle
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Tie Rod End 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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Global Tie Rod End Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


A tie rod end is a metal or plastic part that connects the steering column to the front axle of a car. It helps to steer the car by moving the front wheels.

Some of the major players in the tie rod end market are ACDelco, Crown Automotive, Ditas, TRW, AutoZone, KDK Forging, Mando Corporation, MAS Industries, Mevotech, Sankei, Hardrace, Spicer Parts.

The tie rod end market is expected to grow at a compound annual growth rate of 5.4%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tie Rod End 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 Tie Rod End Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Tie Rod End 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 Tie Rod End 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 Tie Rod End Market Size & Forecast, 2020-2028       4.5.1 Tie Rod End Market Size and Y-o-Y Growth       4.5.2 Tie Rod End 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 Heavy-duty Tie Rod End
      5.2.2 Precision Tie Rod End
      5.2.3 Steering Tie Rod End
      5.2.4 Ball Joints Tie Rod End
   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 Vehicle
      6.2.2 Commercial Vehicle
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Tie Rod End 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 Tie Rod End 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 Heavy-duty Tie Rod End
      9.6.2 Precision Tie Rod End
      9.6.3 Steering Tie Rod End
      9.6.4 Ball Joints Tie Rod End
   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 Vehicle
      9.10.2 Commercial Vehicle
   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 Heavy-duty Tie Rod End
      10.6.2 Precision Tie Rod End
      10.6.3 Steering Tie Rod End
      10.6.4 Ball Joints Tie Rod End
   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 Vehicle
      10.10.2 Commercial Vehicle
   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 Heavy-duty Tie Rod End
      11.6.2 Precision Tie Rod End
      11.6.3 Steering Tie Rod End
      11.6.4 Ball Joints Tie Rod End
   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 Vehicle
      11.10.2 Commercial Vehicle
   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 Heavy-duty Tie Rod End
      12.6.2 Precision Tie Rod End
      12.6.3 Steering Tie Rod End
      12.6.4 Ball Joints Tie Rod End
   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 Vehicle
      12.10.2 Commercial Vehicle
   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 Heavy-duty Tie Rod End
      13.6.2 Precision Tie Rod End
      13.6.3 Steering Tie Rod End
      13.6.4 Ball Joints Tie Rod End
   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 Vehicle
      13.10.2 Commercial Vehicle
   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 Tie Rod End Market: Competitive Dashboard
   14.2 Global Tie Rod End Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 ACDelco
      14.3.2 Crown Automotive
      14.3.3 Ditas
      14.3.4 TRW
      14.3.5 AutoZone
      14.3.6 KDK Forging
      14.3.7 Mando Corporation
      14.3.8 MAS Industries
      14.3.9 Mevotech
      14.3.10 Sankei
      14.3.11 Hardrace
      14.3.12 Spicer Parts

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