Steering Knuckle Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Steering Knuckle Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Steering Knuckle Market, with forecasts outspreading to the year 2030.
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Steering Knuckle Market Dynamics:
Stringent Fuel Efficiency Standards Driving Adoption of Advanced Automotive Steering
Government across the world have enacted strict automotive emission and fuel economy legislation. Regulatory authorities such as the National Highway Traffic and Safety Administration in the United States and the International Council on Clean Transportation in Europe have implemented fleet-level requirements. The average emission cap established by these standards must be followed by automobile manufacturers. These requirements have compelled automakers to invest more in fuel-efficient steering solutions like electronic power steering.
Steering Knuckle Market Scope and Methodology:
The primary objective of the report is to offer a thorough evaluation of the Steering Knuckle market, with an emphasis on a strategy centered on the market. This includes grasping the dynamics of the Steering Knuckle market, major trends, factors driving growth, obstacles, and possible opportunities. Data is collected through both primary and secondary research methods. Interaction with key market players in the Steering Knuckle industry such as manufacturers, suppliers, vendors, consumers, and specialists via interviews and surveys is done to gather primary data. Secondary data is obtained from various sources such as industry reports, market analyses, company websites, annual reports, trade journals, government publications, and databases.
The report contains a thorough examination of various business tactics employed by top companies, such as partnerships, mergers, acquisitions, and collaborations. The report assessed the company's market position through a SWOT analysis, identifying its strengths, weaknesses, opportunities, and threats. Methods such as assessing investment returns, conducting a feasibility study, and performing Porter's five forces analysis were used to analyze the Steering Knuckle market. The sizes of the global and regional Steering Knuckle markets were calculated using the bottom-up approach.
Steering Knuckle Market Segmentation:
by Vehicle Type
Passenger Cars
Commercial Vehicles
Off-road Vehicles
Others
by Manufacturing Method
Casting
Forging
According to the manufacturing method, the Forging method segment led the market with a 75% share. Because temperature concentrations are maintained constant, the forging process provides more hardness and endurance to the product than any other method. The disclosed steering knuckle forging process is reasonable in process route design, simple and practical, significantly increases production efficiency, and improves steering knuckle surface quality. According to the Automotive Components Manufacturers Association (ACMA), forged components have gained favour in recent years because to their low cost and decreased component production costs. These are the fundamental drivers driving the segment's market share.
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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
Steering Knuckle Market Regional Insights
The report focuses on domestic factors to assess the status of the Steering Knuckle market in different countries across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Steering Knuckle market is intricately segmented into these well-defined regions, providing a thorough understanding of the demand's makeup and the continuously changing factors in each geographical area.
Key questions answered in the Steering Knuckle Market are:
- What is Steering Knuckle?
- What was the Steering Knuckle Market size in 2023?
- What is the growth rate of the Steering Knuckle Market?
- Which are the factors expected to drive the Steering Knuckle Market growth?
- What are the upcoming opportunities and trends for the Steering Knuckle Market?
- Who are the leading companies and what are their portfolios in Steering Knuckle Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Steering Knuckle Market?
- Who are the key players in the Steering Knuckle Market?
- What are the different segments of the Steering Knuckle Market?
- Which is the fastest growing region in the Steering Knuckle Market?
- What growth strategies are the players considering to increase their presence in Steering Knuckle?
- What is the CAGR at which the Steering Knuckle Market will grow during the forecast period?
- What segments are covered in the Steering Knuckle Market?
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Table of content for the Steering Knuckle Market includes:
Part 01: Executive Summary
Part 02: Scope of the Steering Knuckle Market Report
Part 03: Global Steering Knuckle Market Landscape
Part 04: Global Steering Knuckle Market Sizing
Part 05: Global Steering Knuckle Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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