Automotive Steering Knuckle Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Passenger Cars, Commercial Vehicles), By Type (Alloy, Cast Iron, Others), By Sales Channel Type (OEM, Aftermarket), By Region & Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 3.31 Billion
CAGR (2026-2031)	6.97%
Fastest Growing Segment	Commercial Vehicles
Largest Market	Asia Pacific
Market Size (2031)	USD 4.96 Billion

Market Overview

The Global Automotive Steering Knuckle Market will grow from USD 3.31 Billion in 2025 to USD 4.96 Billion by 2031 at a 6.97% CAGR. The automotive steering knuckle functions as a critical suspension component that acts as the pivot point connecting the steering system and suspension to the wheel hub, thereby enabling controlled wheel movement. The market is primarily driven by the consistent rise in global vehicle manufacturing and the industry-wide shift toward lightweight materials to enhance fuel efficiency and accommodate electric vehicle architectures. According to the International Organization of Motor Vehicle Manufacturers (OICA), in 2024, global motor vehicle production reached 92.5 million units. This substantial production volume directly correlates to the demand for steering knuckles, as every four-wheeled vehicle requires these structural components for safe operation.

However, a significant challenge hindering market expansion is the volatility in raw material prices, particularly for steel and aluminum. Fluctuating costs of these essential metals can disrupt supply chains and compress profit margins for manufacturers, making it difficult to maintain stable pricing structures in a competitive global landscape.

Key Market Drivers

The accelerating adoption of lightweight materials to enhance fuel efficiency and vehicle range is a primary force propelling the Global Automotive Steering Knuckle Market. As automotive manufacturers face increasingly stringent emissions targets, there is a decisive shift from traditional heavy cast iron components to lighter alternatives such as aluminum and magnesium alloys. This material transition significantly reduces unsprung mass, which directly improves vehicle handling and lowers energy consumption, compelling suppliers to retool production lines for advanced casting technologies. According to the Aluminum Association, April 2025, in the 'Aluminum Situation' statistical report, North American aluminum demand rebounded with a 3.4% growth in 2024, reflecting the material's expanding role in modern automotive architectures and component manufacturing.

Concurrently, the global surge in electric vehicle (EV) production and integration is reshaping the technical requirements for suspension systems. Electric vehicles typically utilize heavy battery packs that increase the vehicle's gross weight, necessitating steering knuckles designed with higher tensile strength and optimized geometries to ensure safety and durability without adding excess mass. This structural evolution forces component manufacturers to innovate rapidly to secure contracts for electrified platforms. According to the European Automobile Manufacturers' Association (ACEA), October 2025, in the 'New Car Registrations' report, battery-electric vehicles captured a 16.4% market share of new EU registrations year-to-date. Highlighting the financial impact of this sector's demand, according to Nemak, January 2025, in the 'Annual Report 2024', the lightweighting solutions provider generated revenue of US$4.9 billion in 2024, underscoring the substantial market value of structural and chassis components.

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Key Market Challenges

The volatility in raw material prices, specifically for steel and aluminum, presents a formidable barrier to the growth of the Global Automotive Steering Knuckle Market. Since steering knuckles are dense, structural components requiring significant metal volumes for safety, fluctuating base metal costs make stable pricing strategies difficult to execute. Manufacturers often must absorb these cost spikes to maintain contracts with original equipment manufacturers (OEMs), who typically demand fixed pricing. This dynamic compresses profit margins and diverts capital away from capacity expansion, effectively stalling the financial momentum necessary for market growth.

This instability is underscored by recent industrial figures regarding the primary feedstock for these components. According to the World Steel Association, in October 2024, global steel demand was forecast to decline by 0.9% to 1,751 million tonnes for the year, a trend heavily influenced by elevated production costs and economic headwinds. Such fluctuation in the foundational steel market creates an unpredictable supply environment for component makers. When high costs suppress the raw material sector, it disrupts supply chain fluidity and hampers the financial stability required for steering knuckle manufacturers to pursue substantial expansion.

Key Market Trends

The integration of additive manufacturing for complex geometries and prototyping is fundamentally altering the development phase of the Global Automotive Steering Knuckle Market. This manufacturing evolution allows engineers to bypass traditional tooling constraints, enabling the fabrication of steering knuckles with intricate internal lattices and organic shapes that optimize weight distribution without sacrificing structural rigidity. By facilitating rapid prototyping, additive manufacturing significantly compresses lead times, allowing suppliers to validate designs and move to mass production faster than conventional casting methods allow. highlighting this industrial momentum, according to 3Dnatives, January 2025, in the 'GM Uses Additive Manufacturing for Better Car Manufacturing' article, General Motors executed over 5,400 new additive manufacturing projects in 2024 alone, underscoring the technology's expanding role in accelerating component innovation and production workflows.

Concurrently, a distinct shift towards high-vacuum die casting and precision forging techniques is reshaping the mass production of these safety-critical components. As automakers demand knuckles with superior fatigue strength and minimal porosity to withstand the higher torque of electric drivetrains, manufacturers are moving away from standard gravity casting in favor of high-pressure, vacuum-assisted methods that ensure denser, near-net-shape parts. This transition requires substantial capital expenditure but offers long-term efficiency by reducing machining requirements and material waste. Reflecting the scale of this commitment to advanced production capabilities, according to Automotive Manufacturing Solutions, November 2025, in the 'Toyota stakes $912m on hybrid surge' article, Toyota allocated US$912 million across five U.S. plants to expand component casting and vehicle production operations, signaling a robust industry trajectory toward modernized casting infrastructure.

Segmental Insights

The Commercial Vehicles segment represents the fastest-growing category in the Global Automotive Steering Knuckle Market, primarily driven by the rapid expansion of the logistics and e-commerce sectors. The surge in online retail and global trade has necessitated a larger fleet of light and heavy-duty trucks to ensure efficient freight transportation and last-mile delivery. Furthermore, stringent emission regulations are compelling manufacturers to adopt lightweight materials, such as aluminum alloys, to enhance fuel efficiency and payload capacity. This requirement for durable components that support intensive operational usage effectively accelerates the demand for steering knuckles in this segment.

Regional Insights

Asia Pacific holds the leading position in the global automotive steering knuckle market, primarily due to the extensive vehicle production volumes in key manufacturing hubs like China, India, and Japan. The region benefits from a robust supply chain and the presence of major original equipment manufacturers that drive consistent demand for chassis components. Furthermore, rising disposable incomes and stricter fuel economy regulations are accelerating the shift toward lightweight aluminum knuckles to improve vehicle efficiency. This combination of large-scale manufacturing infrastructure and evolving industry standards cements the region as the primary contributor to global market revenue.

Recent Developments

• In April 2025, Gestamp showcased its latest chassis innovations at Auto Shanghai, unveiling the "Ges-Blade" Advanced Tie Blade Knuckle for the first time. This new component, composed of high-strength steel and manufactured using advanced welding technologies, was explicitly designed to simplify production processes while significantly reducing component weight. The company emphasized that this breakthrough innovation improved the overall suspension system performance and optimized production costs, directly supporting the automotive industry's requirement for lighter, more efficient, and safer vehicles. The unveiling served as a demonstration of the company's ongoing dedication to delivering advanced technological solutions for sustainable mobility.
• In November 2024, Nissan announced that its manufacturing plant in Cantabria, Spain, had been selected to produce the steering knuckle and rear knuckle for the new Nissan Kicks. The vehicle, which is manufactured in Mexico for the Americas market, relies on these essential chassis parts supplied from the specialized Spanish facility. This new production assignment was projected to add approximately 526,000 parts annually to the plant's output, utilizing more than 5,700 tons of a new type of iron. The decision highlighted the Cantabria facility's technical capabilities and its integral position within the company's global manufacturing network.
• In November 2024, Steel Strips Wheels Limited (SSWL) officially announced its strategic entry into the automotive steering knuckle market with the launch of a new aluminum steering knuckle. The company successfully commenced commercial production of this lightweight component at its manufacturing facility located in Mehsana, Gujarat. This expansion was designed to diversify the company's product offerings beyond its traditional wheel business and address the increasing requirement for lightweight materials in the domestic automotive sector. The successful launch represented a pivotal development in the company's growth strategy to capture a larger share of the automotive components industry.
• In September 2024, the Board of Directors of Ramkrishna Forgings Limited approved an investment of Rs. 57.5 Crores to establish a new aluminum forging facility in Jamshedpur. The upcoming plant, designed with an installed capacity of 3,000 MT per annum, was planned to primarily cater to the electric vehicle market, where the demand for lightweighting is critical. The company, a major manufacturer of steering knuckles and suspension components, aimed to commission the facility by the second quarter of the fiscal year 2025-26. This investment underscored the organization's commitment to expanding its portfolio with lighter materials to support evolving automotive trends.

Key Market Players

• Magna International Inc.
• ZF Friedrichshafen AG
• Thyssenkrupp AG
• AISIN CORPORATION
• BorgWarner Inc.
• Dana Incorporated
• JTEKT Corporation
• Schaeffler AG
• BENTELER International AG
• Samvardhana Motherson International Limited

By Vehicle Type	By Type	By Sales Channel Type	By Region
Passenger Cars Commercial Vehicles	Alloy Cast Iron Others	OEM Aftermarket	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Automotive Steering Knuckle Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Automotive Steering Knuckle Market, By Vehicle Type:

• Passenger Cars
• Commercial Vehicles

• Automotive Steering Knuckle Market, By Type:

• Alloy
• Cast Iron
• Others

• Automotive Steering Knuckle Market, By Sales Channel Type:

• OEM
• Aftermarket

• Automotive Steering Knuckle Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE