Center and Drag Link Market to Grow with a CAGR of 5.50% through 2030
Rising demand for commercial vehicles, increasing
emphasis on vehicle safety, and advancements in steering system technologies
are the factors driving the market in the forecast period 2026–2030.
According to TechSci Research report, “Center and
Drag Link Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2020-2030F”, The Global Center and Drag Link Market
was valued at USD 1.21 Billion in 2024 and is expected to reach USD 1.67
Billion by 2030 with a CAGR of 5.50% during the forecast period.
The global Center and Drag Link market is evolving, driven
by key factors such as growing vehicle production, increasing demand for
advanced steering systems, and technological shifts in materials and
manufacturing techniques. The continuous expansion of the automotive sector,
particularly in the commercial vehicle segment, is driving the demand for
durable, high-performance steering components. Center and drag links, which are
essential for precise steering control, are increasingly being designed to meet
the rising demands for vehicle safety, handling, and load-bearing capacity.
With the rapid growth in the transportation and logistics sectors, the market
for these steering components continues to thrive, particularly in the
production of trucks, buses, and off-road vehicles.
Innovation is at the forefront of this market, with
manufacturers focusing on the development of materials that enhance both
performance and longevity. The demand for lighter, stronger, and
corrosion-resistant materials, such as aluminum and advanced steel alloys, is
pushing manufacturers to adopt new production methods. The increasing trend
toward vehicle weight reduction to improve fuel efficiency and lower emissions
is influencing the development of lighter steering components. Furthermore,
innovations like heat-treated and anti-corrosive coatings are enhancing the
durability of center and drag links, making them better suited for demanding
environments and extended lifecycles.
The market is also experiencing shifts due to the increasing
integration of electric power steering (EPS) systems. These systems offer
improved energy efficiency, reduced maintenance, and better performance
compared to traditional hydraulic systems, contributing to their growing
adoption across vehicle platforms. As the automotive industry continues to
evolve with electric and hybrid vehicle production on the rise, the demand for
steering components designed to complement these next-generation vehicles is growing.
Manufacturers are increasingly investing in smart, electronically controlled
steering systems that integrate seamlessly with modern vehicle architecture.
This shift is pushing the development of innovative drag link designs that
ensure compatibility with electric power steering systems, further influencing
market trends.
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Center and Drag Link Market Is Segmented by Material,
Vehicle Type, Type, and By Region.
In 2024, the passenger car segment emerged as the
fastest-growing category in the global center and drag link market. This growth
is primarily driven by increasing consumer demand for lightweight,
fuel-efficient vehicles, advancements in steering technologies, and the rising
adoption of electric vehicles (EVs). Automakers are increasingly focusing on
enhancing vehicle performance and safety, leading to a surge in demand for
high-quality steering components. The integration of electric power steering
(EPS) systems in passenger cars has further fueled the need for advanced center
and drag link designs that can accommodate the unique requirements of EVs, such
as reduced weight and improved energy efficiency. This trend is expected to
continue, with the passenger car segment leading the market growth in the
coming years.
Regionally, North America experienced the fastest growth in
the center and drag link market in 2024. This can be attributed to several
factors, including the region's strong automotive manufacturing base,
increasing consumer preference for advanced vehicle safety features, and
stringent regulatory standards promoting the adoption of high-quality steering
components. The presence of major automotive manufacturers and a
well-established aftermarket sector have also contributed to the market's
expansion. Furthermore, the growing popularity of electric and hybrid vehicles
in North America has driven demand for specialized steering components that
meet the specific requirements of these vehicle types. As a result, North
America is poised to maintain its position as a key player in the global center
and drag link market.
Major Market Players Operating in Global Center and Drag
Link Market Are:
- KOREA
Central CO., LTD.
- Tenneco
Inc.
- Moser
Engineering
- Rane
Holdings Limited
- ZF
Friedrichshafen AG
- Powers
& Sons Construction Company, Inc
- WABCO
Holdings Inc.
- Magna
International Inc.
- Schaeffler
AG
- Hendrickson
USA, LLC
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With the steady growth in vehicle production and the
increasing demand for advanced steering systems, the global center and drag
link market is in a strong position to thrive. As consumers seek safer, more
efficient vehicles, manufacturers are continuously evolving their designs to
meet these needs. I believe the shift towards lighter materials and the growing
adoption of electric vehicles will continue to drive this market forward,
presenting exciting opportunities for innovation and growth”, according to Mr.
Karan Chechi, Research Director of TechSci Research, a global research-based
management consulting firm.
“Center and Drag Link Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Material (Steel, Aluminum), By Vehicle Type (Passenger Cars, Commercial Vehicle), By Type (1 to 1.5 inch, 1.5 to 1.75 inch, 1.75 to 2.75 inch), By Region & Competition, 2020-2030F”, assesses the market's future growth potential and provides data on
market size, trends, and forecasts. It aims to offer comprehensive market
insights, helping decision-makers make informed investment choices. The report
also highlights emerging trends, key drivers, challenges, and opportunities in
the Global Center and Drag Link Market.
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