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 (OEM, Aftermarket), By Region, Competition 2019-2029

  • Industry : Automotive
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

 

Forecast Period

2025-2029

Market Size (2023)

USD 1.6 billion

CAGR (2024-2029)

6.99%

Fastest Growing Segment

Commercial Vehicle

Largest Market

Europe & CIS


Market Overview

Global Automotive Steering Knuckle Market has valued at USD 1.6 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 6.99% through 2029. The steering knuckle is part of the front axle of an automobile. The steering angle is determined by a number of parts on the front axle, including the steering knuckle. The steering knuckle on a car is a safety device. Serious traffic accidents could occur if the steering knuckle fails due to a quality issue with the system. The part of the car that is most closely related to the suspension geometry is the steering knuckle. As the name suggests, it is used where the steering is, which is in the front. To produce the steering phenomenon, it has a steering arm that is positioned on the tie rod. This knuckle's function is to determine whether the hub's remaining components are positioned on top of it or underneath it.

Furthermore, the design of the steering knuckle is intricately linked to the vehicle's overall performance and maneuverability. Its geometry and structural integrity determine the alignment of the wheel assembly, impacting factors such as tire wear, fuel efficiency, and driving dynamics. Manufacturers continuously strive to optimize the design and material composition of steering knuckles to meet evolving performance standards while ensuring compliance with stringent safety regulations.

In essence, the steering knuckle represents a critical nexus of safety, performance, and functionality in automotive engineering. Its robust market growth trajectory reflects the industry's recognition of its indispensable role in shaping the driving experience and underscores the continuous innovation and investment in advancing steering knuckle technology.

Market Drivers

Rising Automotive Production

The automotive industry's continuous growth, fueled by increasing consumer demand and economic development in emerging markets, is a primary driver for the steering knuckle market. As more vehicles are produced globally, the demand for steering knuckles rises in tandem. OEMs (Original Equipment Manufacturers) are constantly seeking ways to enhance vehicle performance and safety, making the steering knuckle a focal point for innovation and technological advancements. Countries like China, India, Brazil, and Mexico are experiencing a surge in automotive production. The growing middle class, urbanization, and infrastructure development contribute to increased vehicle ownership. This rising demand for vehicles in emerging markets propels the need for advanced steering knuckle technologies. Automotive manufacturers are incorporating advanced technologies into steering systems to improve vehicle stability, control, and safety. Electric power steering (EPS), steer-by-wire systems, and advanced materials are becoming commonplace. These advancements necessitate sophisticated steering knuckle designs to complement and optimize overall system performance.

Focus on Lightweight Materials

In an era where fuel efficiency and environmental concerns are at the forefront of automotive design, the use of lightweight materials has become a pivotal driver for the steering knuckle market. Manufacturers are increasingly turning to materials such as aluminum, high-strength steel, and composite materials to reduce the weight of steering knuckles without compromising strength and durability.

The adoption of aluminum alloys in steering knuckle manufacturing is gaining momentum. Aluminum's high strength-to-weight ratio makes it an ideal material for components aimed at reducing overall vehicle weight. Lightweight steering knuckles contribute to improved fuel efficiency and lower emissions, aligning with global sustainability goals.

While lightweight materials are crucial, durability remains paramount. High-strength steel alloys provide the necessary structural integrity for steering knuckles, ensuring they can withstand the rigorous demands of daily driving. Manufacturers are investing in research and development to optimize the composition of these materials for maximum strength and durability.

Safety and Regulatory Compliance

The automotive industry is subject to stringent safety standards and regulations globally. Steering knuckles, being critical components of the vehicle's steering system, are under constant scrutiny to meet and exceed these safety requirements. As safety standards evolve and become more rigorous, the demand for steering knuckles that enhance crashworthiness and occupant protection continues to rise.

Modern vehicles are equipped with an array of safety features, including advanced driver-assistance systems (ADAS). Steering knuckles play a vital role in supporting these systems, contributing to features such as lane-keeping assist, automatic emergency braking, and adaptive cruise control. The integration of these safety features influences steering knuckle design and manufacturing processes. The automotive industry is witnessing a trend toward the harmonization of safety standards globally. Organizations such as the United Nations Economic Commission for Europe (UNECE) work towards standardizing vehicle regulations. This global harmonization drives consistency in safety requirements, prompting manufacturers to develop steering knuckles that meet or exceed these standardized criteria.

Advancements in Manufacturing Technologies

The evolution of manufacturing technologies has a profound impact on the automotive industry, including the production of steering knuckles. Automation, additive manufacturing, and precision machining are among the key advancements that contribute to improved efficiency, cost-effectiveness, and product quality.

Additive manufacturing, commonly known as 3D printing, enables the creation of intricate and complex designs that were previously challenging with traditional manufacturing methods. This technology is increasingly being applied in the production of lightweight and structurally optimized steering knuckles. The flexibility offered by additive manufacturing allows for rapid prototyping and customization according to specific vehicle requirements.

Precision machining technologies play a crucial role in ensuring the dimensional accuracy and quality of steering knuckles. Computer Numerical Control (CNC) machining and other precision techniques enable manufacturers to achieve tight tolerances and high repeatability in the production process. As automotive manufacturers emphasize quality and performance, the role of precision machining in steering knuckle production becomes even more critical.

Rise of Electric and Autonomous Vehicles

The automotive landscape is undergoing a paradigm shift with the rise of electric and autonomous vehicles. Electric powertrains and autonomous driving technologies influence the design and functionality of steering systems, creating new opportunities and challenges for steering knuckle manufacturers.

Electric vehicles (EVs) and hybrids commonly feature Electric Power Steering (EPS) systems, replacing traditional hydraulic systems. EPS relies on steering knuckles and associated components to facilitate precise control and responsiveness. As the market share of electric vehicles continues to grow, the demand for steering knuckles compatible with EPS systems rises correspondingly.

Autonomous vehicles, equipped with steer-by-wire systems, eliminate the need for a physical connection between the steering wheel and the wheels. Steering knuckles in such systems play a critical role in ensuring seamless communication between the vehicle's control systems and the mechanical components. The transition towards autonomous driving necessitates steering knuckles that align with the unique requirements of steer-by-wire technology.


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Key Market Challenges

Technological Advancements and Integration:

One of the primary challenges facing the global automotive steering knuckle market is the constant evolution of vehicle technologies. The shift towards electric and autonomous vehicles, along with the integration of advanced driver assistance systems (ADAS), necessitates steering knuckles that can seamlessly accommodate these innovations. Manufacturers must invest in research and development to produce steering knuckles that are lightweight, durable, and compatible with emerging technologies, while also meeting stringent safety standards. This challenge is further complicated by the need for connectivity and communication between steering systems and other vehicle components. As vehicles become more interconnected, steering knuckle manufacturers must adapt to the demands of the evolving automotive landscape.

Regulatory Compliance and Safety Standards:

Stringent regulatory requirements and safety standards pose a significant challenge for the automotive steering knuckle market. Compliance with regional and global safety norms, such as those set by organizations like the National Highway Traffic Safety Administration (NHTSA) and the European Commission, is essential for market entry and sustained success. Meeting these standards requires substantial investments in testing, certification, and quality control processes. Additionally, the dynamic nature of regulations demands constant vigilance and adaptability, adding complexity to the production and supply chain.

Global Supply Chain Disruptions:

The global automotive steering knuckle market is susceptible to disruptions in the supply chain, as highlighted by recent events such as the COVID-19 pandemic. Supply chain disruptions, whether caused by natural disasters, geopolitical tensions, or unforeseen global events, can lead to shortages of raw materials, delayed production timelines, and increased costs. To mitigate these challenges, industry players must adopt agile and resilient supply chain strategies. Diversifying suppliers, implementing advanced inventory management systems, and leveraging digital technologies for real-time monitoring are essential steps in safeguarding against supply chain disruptions.

Intense Market Competition:

As the automotive steering knuckle market grows, competition among manufacturers intensifies. The presence of numerous global and regional players vying for market share puts pressure on pricing, innovation, and differentiation. Manufacturers must continuously invest in research and development to stay ahead of the curve, introducing novel materials, manufacturing processes, and design innovations. Strategic collaborations and partnerships also play a crucial role in gaining a competitive edge. Forming alliances with automotive OEMs (Original Equipment Manufacturers) and forging strong relationships with suppliers can enhance market presence and provide access to new opportunities.

Environmental Sustainability and Material Selection:

The global automotive industry is increasingly prioritizing environmental sustainability, prompting the automotive steering knuckle market to reconsider traditional manufacturing materials. The shift towards lightweight materials, such as aluminum and composite alloys, aims to improve fuel efficiency and reduce the environmental impact of vehicles. However, adopting new materials introduces challenges related to manufacturing processes, cost implications, and performance standards. Manufacturers must strike a balance between environmental sustainability and maintaining product integrity, ensuring that steering knuckles meet stringent safety and durability requirements while adhering to eco-friendly practices.

Key Market Trends

Technological Integration and Smart Steering Knuckles

One of the most significant trends in the global automotive steering knuckle market is the increasing integration of advanced technologies. Traditional steering knuckles are evolving into smart, connected components that play a crucial role in the broader ecosystem of autonomous and electric vehicles. With the rise of Advanced Driver Assistance Systems (ADAS) and autonomous driving features, steering knuckles are being equipped with sensors, actuators, and communication modules to enhance vehicle control and safety. Smart steering knuckles contribute to real-time data collection, enabling vehicles to adapt to changing road conditions and improve overall performance. These technologically advanced components also facilitate predictive maintenance, reducing the risk of unexpected failures and enhancing the overall reliability of the vehicle.

Lightweight Materials for Enhanced Fuel Efficiency:

As the automotive industry shifts towards environmental sustainability and improved fuel efficiency, lightweight materials are gaining prominence in the manufacturing of steering knuckles. Traditionally made from cast iron, steering knuckles are now being produced using materials such as aluminum and composite alloys. The adoption of lightweight materials not only reduces the overall weight of the vehicle but also contributes to fuel efficiency and lower emissions. Manufacturers are investing in research and development to strike the right balance between material strength, durability, and weight, ensuring that steering knuckles meet stringent safety standards while supporting the industry's goals for eco-friendly and fuel-efficient vehicles.

Integration of Electric Power Steering (EPS) Systems:

The global automotive steering knuckle market is witnessing a paradigm shift with the increasing prevalence of Electric Power Steering (EPS) systems. Traditional hydraulic power steering systems are being replaced by EPS, which relies on electric motors for power assistance. This transition is driven by the demand for improved energy efficiency, reduced maintenance costs, and enhanced vehicle control. Steering knuckles in EPS-equipped vehicles play a pivotal role in supporting the electric motor and ensuring precise and responsive steering. The integration of EPS not only contributes to fuel efficiency but also opens avenues for advanced driver assistance features, paving the way for a more connected and automated driving experience.

3D Printing and Advanced Manufacturing Processes:

The advent of 3D printing and advanced manufacturing processes is reshaping the production landscape of automotive components, including steering knuckles. Manufacturers are increasingly exploring additive manufacturing techniques to create intricate and lightweight designs that were previously challenging with traditional manufacturing methods. 3D printing allows for greater design flexibility, reduced material waste, and faster prototyping, contributing to a more agile and efficient production process. While widespread adoption of 3D printing in steering knuckle manufacturing is still in its early stages, the trend holds the potential to revolutionize the industry by offering cost-effective, customized, and on-demand production capabilities.

Globalization of Supply Chains and Market Expansion:

The global automotive steering knuckle market is experiencing a trend towards the globalization of supply chains and market expansion. Manufacturers are diversifying their supplier base to ensure a steady and resilient supply of raw materials, components, and finished products. This strategic approach helps mitigate risks associated with regional disruptions, geopolitical uncertainties, and unforeseen events that could impact the supply chain. Additionally, the expansion of the automotive market into emerging economies is creating new opportunities for steering knuckle manufacturers. As demand for vehicles continues to rise in regions such as Asia-Pacific, Latin America, and Africa, there is a growing need for steering knuckles that align with local preferences, road conditions, and regulatory standards. Manufacturers are adapting their strategies to capitalize on these emerging markets, fostering partnerships and establishing a global presence.

Segmental Insights

Vehicle Type Analysis

Passenger Cars:

Passenger cars encompass a wide range of vehicles designed primarily for the transportation of passengers. This segment includes sedans, hatchbacks, coupes, and SUVs, among others. In the context of steering knuckles, passenger cars typically feature lighter-weight constructions optimized for comfort, fuel efficiency, and agile handling. Demand Dynamics: The passenger car segment accounts for a significant portion of the global automotive market, driven by factors such as urbanization, rising disposable incomes, and lifestyle preferences. Demand for passenger cars varies across regions, influenced by economic conditions, consumer preferences, and regulatory policies. Steering Knuckle Requirements: In passenger cars, steering knuckles are designed to meet specific performance requirements, balancing factors such as weight reduction, durability, and cost-effectiveness. Manufacturers focus on innovative materials, such as aluminum alloys, to achieve lightweight designs without compromising strength and structural integrity. Market Trends: Within the passenger car segment, there's a growing emphasis on advanced safety features and enhanced driving dynamics, driving demand for steering knuckles with integrated sensor technology for functionalities like stability control and advanced driver assistance systems (ADAS). Additionally, ongoing advancements in electric and autonomous vehicle technologies are influencing the evolution of steering knuckle designs to accommodate new propulsion systems and vehicle architectures.

Commercial Vehicles:

Commercial vehicles encompass a diverse range of vehicles used for commercial purposes, including trucks, buses, vans, and specialized vehicles for transporting goods and passengers. Unlike passenger cars, commercial vehicles are designed to withstand heavier loads and endure more rigorous operating conditions, necessitating robust and durable steering knuckle designs. Demand Dynamics: The demand for commercial vehicles is closely tied to economic activities, industrial growth, and infrastructure development. Factors such as e-commerce expansion, urbanization, and government investments in logistics and transportation infrastructure drive demand for commercial vehicles across various sectors. Steering Knuckle Requirements: In commercial vehicles, steering knuckles are subjected to higher loads and operating stresses compared to passenger cars. As a result, manufacturers prioritize durability, reliability, and ease of maintenance in steering knuckle designs. Materials like forged steel are commonly used to enhance strength and durability, ensuring prolonged service life under demanding conditions. Market Trends: In the commercial vehicle segment, there's a growing focus on optimizing fuel efficiency, reducing emissions, and enhancing safety standards. Steering knuckles are evolving to incorporate advanced materials, design optimizations, and integrated sensor technologies to improve performance, reliability, and overall vehicle efficiency. Additionally, the advent of electric and autonomous commercial vehicles is driving innovation in steering knuckle designs to accommodate new powertrain configurations and operational requirements.


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Regional Insights

Europe is expected to hold a sizable portion of the market in terms of value due to the region's concentration of major manufacturers. Technological developments in Europe are anticipated to offer significant opportunities for the trends in the automotive steering knuckle market during the forecast period. It is anticipated that the Asia Pacific market would expand significantly over the projected period. The area's inexpensive labor and other resource availability is anticipated to support the growth of the automotive steering knuckle market over the forecast period. Throughout the projection period, there will likely be a rise in demand for steering knuckles due to China's large automaker population.

Recent Developments

  • Some of the players are expanding their businesses through mergers and acquisitions. In June 2017, for example, Bosch acquired AlbertiniCesareS.p.A., an Italian company that primarily manufactures cast housings for the automotive market as well as die-cast aluminum. As a result of the acquisition, Bosch will have access to a consistent supply of cast components for its electric steering systems. Albertini was acquired by the automotive steering division of Bosch. This would increase global demand for steering knuckles in automobiles.

Key Market Players

  • Beinbauer Group

  • Bharat Forge
  • Farinia Group
  • Happy Forgings
  • Jikasu Engineering Corporation
  • MAG and Saginaw Machine Systems
  • NINGBO SAP STEERING SYSTEM CO.,LTD
  • Sakthi Auto Component Limited
  • TEKSID SPA

  • Tera flex Inc


By Vehicle Type

By Type

By Sales Channel

By Region

Passenger Cars

Commercial Vehicles

Alloy

Cast Iron

Others

OEM

Aftermarket

North America

Europe & CIS

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:

o   Passenger Cars

o   Commercial Vehicles

  • Automotive Steering Knuckle Market, By Type:

o   Alloy

o   Cast Iron

o   Others

  • Automotive Steering Knuckle Market, By Sales Channel:

o   OEM

o   Aftermarket

  • Automotive Steering Knuckle Market, By Region:

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  South Korea

§  Australia

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   North America

§  United States

§  Canada

§  Mexico

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Turkey

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Automotive Steering Knuckle Market.

Available Customizations:

Global Automotive Steering Knuckle market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Automotive Steering Knuckle Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Automotive Steering Knuckle Market

5.    Global Automotive Steering Knuckle Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Vehicle Type Market Share Analysis (Passenger Cars, Commercial Vehicles)

5.2.2.    By Type Market Share Analysis (Alloy, Cast Iron, Others)

5.2.3.    By Sales Channel Market Share Analysis (OEM, Aftermarket)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        Asia-Pacific Market Share Analysis

5.2.4.2.        Europe & CIS Market Share Analysis

5.2.4.3.        North America Market Share Analysis

5.2.4.4.        South America Market Share Analysis

5.2.4.5.        Middle East & Africa Market Share Analysis

5.2.5.    By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2023)

5.3.  Global Automotive Steering Knuckle Market Mapping & Opportunity Assessment

5.3.1.    By Vehicle Type Market Mapping & Opportunity Assessment

5.3.2.    By Type Market Mapping & Opportunity Assessment

5.3.3.    By Sales Channel Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Automotive Steering Knuckle Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value  

6.2.  Market Share & Forecast

6.2.1.    By Vehicle Type Market Share Analysis

6.2.2.    By Type Market Share Analysis

6.2.3.    By Sales Channel Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        China Market Share Analysis

6.2.4.2.        India Market Share Analysis

6.2.4.3.        Japan Market Share Analysis

6.2.4.4.        Indonesia Market Share Analysis

6.2.4.5.        Thailand Market Share Analysis

6.2.4.6.        South Korea Market Share Analysis

6.2.4.7.        Australia Market Share Analysis

6.2.4.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Automotive Steering Knuckle Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value  

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Vehicle Type Market Share Analysis

6.3.1.2.2.           By Type Market Share Analysis

6.3.1.2.3.           By Sales Channel Market Share Analysis

6.3.2.    India Automotive Steering Knuckle Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value  

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Vehicle Type Market Share Analysis

6.3.2.2.2.           By Type Market Share Analysis

6.3.2.2.3.           By Sales Channel Market Share Analysis

6.3.3.    Japan Automotive Steering Knuckle Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value  

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Vehicle Type Market Share Analysis

6.3.3.2.2.           By Type Market Share Analysis

6.3.3.2.3.           By Sales Channel Market Share Analysis

6.3.4.    Indonesia Automotive Steering Knuckle Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value  

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Vehicle Type Market Share Analysis

6.3.4.2.2.           By Type Market Share Analysis

6.3.4.2.3.           By Sales Channel Market Share Analysis

6.3.5.    Thailand Automotive Steering Knuckle Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value  

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Vehicle Type Market Share Analysis

6.3.5.2.2.           By Type Market Share Analysis

6.3.5.2.3.           By Sales Channel Market Share Analysis

6.3.6.    South Korea Automotive Steering Knuckle Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.           By Value  

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.           By Vehicle Type Market Share Analysis

6.3.6.2.2.           By Type Market Share Analysis

6.3.6.2.3.           By Sales Channel Market Share Analysis

6.3.7.    Australia Automotive Steering Knuckle Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.           By Value  

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.           By Vehicle Type Market Share Analysis

6.3.7.2.2.           By Type Market Share Analysis

6.3.7.2.3.           By Sales Channel Market Share Analysis

7.    Europe & CIS Automotive Steering Knuckle Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value  

7.2.  Market Share & Forecast

7.2.1.    By Vehicle Type Market Share Analysis

7.2.2.    By Type Market Share Analysis

7.2.3.    By Sales Channel Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.2.4.1.        Germany Market Share Analysis

7.2.4.2.        Spain Market Share Analysis

7.2.4.3.        France Market Share Analysis

7.2.4.4.        Russia Market Share Analysis

7.2.4.5.        Italy Market Share Analysis

7.2.4.6.        United Kingdom Market Share Analysis

7.2.4.7.        Belgium Market Share Analysis

7.2.4.8.        Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.    Germany Automotive Steering Knuckle Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value  

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Vehicle Type Market Share Analysis

7.3.1.2.2.           By Type Market Share Analysis

7.3.1.2.3.           By Sales Channel Market Share Analysis

7.3.2.    Spain Automotive Steering Knuckle Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value  

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Vehicle Type Market Share Analysis

7.3.2.2.2.           By Type Market Share Analysis

7.3.2.2.3.           By Sales Channel Market Share Analysis

7.3.3.    France Automotive Steering Knuckle Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value  

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Vehicle Type Market Share Analysis

7.3.3.2.2.           By Type Market Share Analysis

7.3.3.2.3.           By Sales Channel Market Share Analysis

7.3.4.    Russia Automotive Steering Knuckle Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value  

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Vehicle Type Market Share Analysis

7.3.4.2.2.           By Type Market Share Analysis

7.3.4.2.3.           By Sales Channel Market Share Analysis

7.3.5.    Italy Automotive Steering Knuckle Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value  

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Vehicle Type Market Share Analysis

7.3.5.2.2.           By Type Market Share Analysis

7.3.5.2.3.           By Sales Channel Market Share Analysis

7.3.6.    United Kingdom Automotive Steering Knuckle Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.           By Value  

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.           By Vehicle Type Market Share Analysis

7.3.6.2.2.           By Type Market Share Analysis

7.3.6.2.3.           By Sales Channel Market Share Analysis

7.3.7.    Belgium Automotive Steering Knuckle Market Outlook

7.3.7.1.        Market Size & Forecast

7.3.7.1.1.           By Value  

7.3.7.2.        Market Share & Forecast

7.3.7.2.1.           By Vehicle Type Market Share Analysis

7.3.7.2.2.           By Type Market Share Analysis

7.3.7.2.3.           By Sales Channel Market Share Analysis

8.    North America Automotive Steering Knuckle Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value  

8.2.  Market Share & Forecast

8.2.1.    By Vehicle Type Market Share Analysis

8.2.2.    By Type Market Share Analysis

8.2.3.    By Sales Channel Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.2.4.1.        United States Market Share Analysis

8.2.4.2.        Mexico Market Share Analysis

8.2.4.3.        Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Automotive Steering Knuckle Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value  

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Vehicle Type Market Share Analysis

8.3.1.2.2.           By Type Market Share Analysis

8.3.1.2.3.           By Sales Channel Market Share Analysis

8.3.2.    Mexico Automotive Steering Knuckle Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value  

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Vehicle Type Market Share Analysis

8.3.2.2.2.           By Type Market Share Analysis

8.3.2.2.3.           By Sales Channel Market Share Analysis

8.3.3.    Canada Automotive Steering Knuckle Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value  

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Vehicle Type Market Share Analysis

8.3.3.2.2.           By Type Market Share Analysis

8.3.3.2.3.           By Sales Channel Market Share Analysis

9.    South America Automotive Steering Knuckle Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value  

9.2.  Market Share & Forecast

9.2.1.    By Vehicle Type Market Share Analysis

9.2.2.    By Type Market Share Analysis

9.2.3.    By Sales Channel Market Share Analysis

9.2.4.    By Country Market Share Analysis

9.2.4.1.        Brazil Market Share Analysis

9.2.4.2.        Argentina Market Share Analysis

9.2.4.3.        Colombia Market Share Analysis

9.2.4.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Automotive Steering Knuckle Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value  

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Vehicle Type Market Share Analysis

9.3.1.2.2.           By Type Market Share Analysis

9.3.1.2.3.           By Sales Channel Market Share Analysis

9.3.2.    Colombia Automotive Steering Knuckle Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value  

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Vehicle Type Market Share Analysis

9.3.2.2.2.           By Type Market Share Analysis

9.3.2.2.3.           By Sales Channel Market Share Analysis

9.3.3.    Argentina Automotive Steering Knuckle Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value  

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Vehicle Type Market Share Analysis

9.3.3.2.2.           By Type Market Share Analysis

9.3.3.2.3.           By Sales Channel Market Share Analysis

10.  Middle East & Africa Automotive Steering Knuckle Market Outlook

10.1.            Market Size & Forecast

10.1.1. By Value   

10.2.            Market Share & Forecast

10.2.1. By Vehicle Type Market Share Analysis

10.2.2. By Type Market Share Analysis

10.2.3. By Sales Channel Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1.     South Africa Market Share Analysis

10.2.4.2.     Turkey Market Share Analysis

10.2.4.3.     Saudi Arabia Market Share Analysis

10.2.4.4.     UAE Market Share Analysis

10.2.4.5.     Rest of Middle East & Africa Market Share Africa

10.3.            Middle East & Africa: Country Analysis

10.3.1. South Africa Automotive Steering Knuckle Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value  

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Vehicle Type Market Share Analysis

10.3.1.2.2.         By Type Market Share Analysis

10.3.1.2.3.         By Sales Channel Market Share Analysis

10.3.2. Turkey Automotive Steering Knuckle Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value  

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Vehicle Type Market Share Analysis

10.3.2.2.2.         By Type Market Share Analysis

10.3.2.2.3.         By Sales Channel Market Share Analysis

10.3.3. Saudi Arabia Automotive Steering Knuckle Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value  

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Vehicle Type Market Share Analysis

10.3.3.2.2.         By Type Market Share Analysis

10.3.3.2.3.         By Sales Channel Market Share Analysis

10.3.4. UAE Automotive Steering Knuckle Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value  

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Vehicle Type Market Share Analysis

10.3.4.2.2.         By Type Market Share Analysis

10.3.4.2.3.         By Sales Channel Market Share Analysis

11.  SWOT Analysis

11.1.            Strength

11.2.            Weakness

11.3.            Opportunities

11.4.            Threats

12.  Market Dynamics

12.1.            Market Drivers

12.2.            Market Challenges

13.  Market Trends and Developments

14.  Competitive Landscape

14.1.            Company Profiles (Up to 10 Major Companies)

14.1.1.Beinbauer Group

14.1.1.1.     Company Details

14.1.1.2.     Key Product Offered

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Key Management Personnel

14.1.2. Bharat Forge

14.1.2.1.     Company Details

14.1.2.2.     Key Product Offered

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Key Management Personnel

14.1.3. Farinia Group

14.1.3.1.     Company Details

14.1.3.2.     Key Product Offered

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Key Management Personnel

14.1.4. Happy Forgings

14.1.4.1.     Company Details

14.1.4.2.     Key Product Offered

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Key Management Personnel

14.1.5. Jikasu Engineering Corporation.

14.1.5.1.     Company Details

14.1.5.2.     Key Product Offered

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Key Management Personnel

14.1.6. MAG and Saginaw Machine Systems

14.1.6.1.     Company Details

14.1.6.2.     Key Product Offered

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Key Management Personnel

14.1.7. Ningbo Sap Steering System Co.,Ltd

14.1.7.1.     Company Details

14.1.7.2.     Key Product Offered

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Key Management Personnel

14.1.8. Sakthi Auto Component Limited.

14.1.8.1.     Company Details

14.1.8.2.     Key Product Offered

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Key Management Personnel

14.1.9. Teksid Spa

14.1.9.1.     Company Details

14.1.9.2.     Key Product Offered

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Key Management Personnel

14.1.10.   Tera flex Inc

14.1.10.1.  Company Details

14.1.10.2.  Key Product Offered

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Key Management Personnel

15.  Strategic Recommendations

15.1.            Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Vehicle Type

15.1.3. Target By Type

16.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Automotive Steering Knuckle Market was estimated to be USD 1.6 billion in 2023

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Throughout the forecast period, the growth in the passenger car segment's automotive steering knuckle market share will be noteworthy. The noteworthy surge in the manufacturing of passenger cars would favorably affect the passenger car steering knuckle market worldwide in the upcoming years.

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Europe is expected to hold a sizable portion of the market in terms of value due to the region's concentration of major manufacturers. Technological developments in Europe are anticipated to offer significant opportunities for the trends in the automotive steering knuckle market during the forecast period. It is anticipated that the Asia Pacific market would expand significantly over the projected period. The area's inexpensive labor and other resource availability is anticipated to support the growth of the automotive steering knuckle market over the forecast period.

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Rising Automotive Production, Focus on Lightweight Materials and Safety and Regulatory Compliance are the major drivers for the Global Automotive Steering Knuckle Market

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Srishti Verma

Business Consultant
Press Release

Automotive Steering Knuckle Market to Grow 6.99% CAGR Through to 2029

Feb, 2024

Rising Automotive Production, Focus on Lightweight Materials and Safety and Regulatory Compliance are factors driving the Global Automotive Steering Knuckle market in the forecast period 2025-2029.

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