Market Overview:
The global steer axle hub 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% during the forecast period. The global steer axle hub market is segmented on the basis of type, application and region. On the basis of type, the global steer axle hub market is segmented into iron hub, aluminum hub, stainless steelhub and other. Among these segments, iron hubs are expected to account for a major share in terms of revenue in 2018. However, aluminum hubs are projected to exhibit highest CAGR over the forecast period owing to its properties such as light weight and corrosion resistance which makes it suitable for automotive applications. Stainless steel hubs are also anticipated witness high growth rate during the forecast period due their properties such as durability and strength that make them suitable for heavy-duty vehicles applications . On the basis of application ,the global steers axle Hubs Marketis segmented into automobile ,motorbikeand others .
Product Definition:
A steer axle hub is a part of the steering system of a vehicle that connects the steering column to the wheels. It is typically made of metal and has gear teeth on its circumference that mesh with those on the steering shaft, allowing it to rotate. The hub also has bearings that allow it to spin freely around the axle.
Iron Hub:
Iron hub is a device that uses the power of magnets to create magnetic fields in the absence of an electric current. It can be used as a substitute for electromagnets and electro-mechanical systems. The product has applications in various industries such as automotive, aerospace & defense, energy generation and transmission, consumer electronics among others.
The global market size was valued at USD 1.6 billion in 2015.
Aluminum Hub:
Aluminum hub is a casting product and it's mainly used in the manufacturing of steer axle hubs. It has superior properties such as lightweight, corrosion resistance, high strength, and better finish than steel counterparts. The material also offers low maintenance characteristics which makes it popular among consumers.
Application Insights:
Automobile was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing production of automobiles in emerging economies including China, India, Brazil and so on. Moreover, stringent regulations regarding road safety are encouraging automobile manufacturers to adopt steer axle hubs as they provide a stable platform for mounting sensors for anti-lock brake system (ABS) or electronic stability control (ESC).
The motorbike segment is also expected to witness significant growth over the forecast period owing to rising demand from countries such as India, Thailand and Indonesia. Growing popularity of sports bikes with high performance capabilities has encouraged consumers across various age groups including adults as well as millennials who previously preferred luxury vehicles have started preferring two wheelers due to their low cost operation compared with four wheelers. This trend is likelyto bode well for market growth in near future.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing automobile production in China, India, Japan, and South Korea. Furthermore, rising disposable income coupled with a growing preference for passenger vehicles is anticipated to drive demand over the forecast period.
Europe accounted for a significant share of global revenue in 2017 owing to high demand from countries such as Germany and France. However, stringent regulations regarding vehicle emissions are anticipated to hamper growth during the forecast years due to shifting focus towards electric vehicles instead of conventional fuel-powered cars.
The Middle East & Africa region is projecteded exhibit lucrative CAGR over the coming years owing to rapid industrialization along with increasing investments by foreign players such as BMW Group; Daimler AG; Hyundai Motor Company; Nissan Motor Corporation; Toyota Industries Corporation.; Volkswagen Group (India); etc.
Growth Factors:
- Increasing demand for commercial vehicles: The global market for commercial vehicles is expected to grow at a CAGR of more than 5% during the forecast period. This will lead to an increase in demand for steer axle hubs, which will in turn drive the growth of the market.
- Technological advancements: The development of new and innovative technologies is a key growth driver for the steer axle hubs market. Manufacturers are focusing on developing advanced products that offer better performance and durability. This is likely to boost the adoption of steer axle hubs across various applications.
- Rising demand from emerging markets: The Asia Pacific region is expected to be one of the fastest-growing regions in terms of automotive production during the forecast period, owing to rising disposable income and growing population base in countries such as China and India. This will create opportunities for players operating in the steer axle hub market, as it offers immense potential for future growth prospects..
Scope Of The Report
Report Attributes
Report Details
Report Title
Steer Axle Hubs Market Research Report
By Type
Iron Hub, Aluminum Hub, Stainless Steel Hub, Other
By Application
Automobile, Motorbike, Others
By Companies
Borbet, Ronal Wheels, Enkei Wheels, Lizhong Group, Iochpe-Maxion, Uniwheel Group, Topy Group, YHI, Accuride, ALCOA WHEELS, ConMet, New Truck Spring, UTV Wolfpack, Rig Tough Trucks and Parts, CB Performance, NRG Innovations, Sparco
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Steer Axle Hubs Market Report Segments:
The global Steer Axle Hubs market is segmented on the basis of:
Types
Iron Hub, Aluminum Hub, Stainless Steel Hub, Other
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
Automobile, Motorbike, Others
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:
- Borbet
- Ronal Wheels
- Enkei Wheels
- Lizhong Group
- Iochpe-Maxion
- Uniwheel Group
- Topy Group
- YHI
- Accuride
- ALCOA WHEELS
- ConMet
- New Truck Spring
- UTV Wolfpack
- Rig Tough Trucks and Parts
- CB Performance
- NRG Innovations
- Sparco
Highlights of The Steer Axle Hubs 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:
- Iron Hub
- Aluminum Hub
- Stainless Steel Hub
- Other
- By Application:
- Automobile
- Motorbike
- Others
- 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 Steer Axle Hubs 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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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?
Steer axle hubs are a type of hub that is used on vehicles to provide power to the steering system. They are made from a variety of materials, including steel and aluminum, and can be found on both cars and trucks.
Some of the major players in the steer axle hubs market are Borbet, Ronal Wheels, Enkei Wheels, Lizhong Group, Iochpe-Maxion, Uniwheel Group, Topy Group, YHI, Accuride, ALCOA WHEELS, ConMet, New Truck Spring, UTV Wolfpack, Rig Tough Trucks and Parts, CB Performance, NRG Innovations, Sparco.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Steer Axle Hubs 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. Steer Axle Hubs Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Steer Axle Hubs Market - Supply Chain
4.5. Global Steer Axle Hubs Market Forecast
4.5.1. Steer Axle Hubs Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Steer Axle Hubs Market Size (000 Units) and Y-o-Y Growth
4.5.3. Steer Axle Hubs Market Absolute $ Opportunity
5. Global Steer Axle Hubs 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. Steer Axle Hubs Market Size and Volume Forecast by Type
5.3.1. Iron Hub
5.3.2. Aluminum Hub
5.3.3. Stainless Steel Hub
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Steer Axle Hubs 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. Steer Axle Hubs Market Size and Volume Forecast by Application
6.3.1. Automobile
6.3.2. Motorbike
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Steer Axle Hubs 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. Steer Axle Hubs 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 Steer Axle Hubs 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. Steer Axle Hubs 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 Steer Axle Hubs Demand Share Forecast, 2019-2026
9. North America Steer Axle Hubs 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 Steer Axle Hubs 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 Steer Axle Hubs Market Size and Volume Forecast by Application
9.4.1. Automobile
9.4.2. Motorbike
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Steer Axle Hubs Market Size and Volume Forecast by Type
9.7.1. Iron Hub
9.7.2. Aluminum Hub
9.7.3. Stainless Steel Hub
9.7.4. Other
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 Steer Axle Hubs Demand Share Forecast, 2019-2026
10. Latin America Steer Axle Hubs 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 Steer Axle Hubs 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 Steer Axle Hubs Market Size and Volume Forecast by Application
10.4.1. Automobile
10.4.2. Motorbike
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Steer Axle Hubs Market Size and Volume Forecast by Type
10.7.1. Iron Hub
10.7.2. Aluminum Hub
10.7.3. Stainless Steel Hub
10.7.4. Other
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 Steer Axle Hubs Demand Share Forecast, 2019-2026
11. Europe Steer Axle Hubs 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 Steer Axle Hubs 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 Steer Axle Hubs Market Size and Volume Forecast by Application
11.4.1. Automobile
11.4.2. Motorbike
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Steer Axle Hubs Market Size and Volume Forecast by Type
11.7.1. Iron Hub
11.7.2. Aluminum Hub
11.7.3. Stainless Steel Hub
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis 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 Steer Axle Hubs Demand Share, 2019-2026
12. Asia Pacific Steer Axle Hubs 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 Steer Axle Hubs 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 Steer Axle Hubs Market Size and Volume Forecast by Application
12.4.1. Automobile
12.4.2. Motorbike
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Steer Axle Hubs Market Size and Volume Forecast by Type
12.7.1. Iron Hub
12.7.2. Aluminum Hub
12.7.3. Stainless Steel Hub
12.7.4. Other
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 Steer Axle Hubs Demand Share, 2019-2026
13. Middle East & Africa Steer Axle Hubs 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 Steer Axle Hubs 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 Steer Axle Hubs Market Size and Volume Forecast by Application
13.4.1. Automobile
13.4.2. Motorbike
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Steer Axle Hubs Market Size and Volume Forecast by Type
13.7.1. Iron Hub
13.7.2. Aluminum Hub
13.7.3. Stainless Steel Hub
13.7.4. Other
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 Steer Axle Hubs Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Steer Axle Hubs Market: Market Share Analysis
14.2. Steer Axle Hubs Distributors and Customers
14.3. Steer Axle Hubs Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Borbet
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ronal Wheels
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Enkei Wheels
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Lizhong Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Iochpe-Maxion
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Uniwheel Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Topy Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. YHI
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Accuride
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ALCOA WHEELS
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ConMet
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. New Truck Spring
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. UTV Wolfpack
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Rig Tough Trucks and Parts
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. CB Performance
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. NRG Innovations
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Sparco
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
