EINPresswire-600341076-steering-knuckle-market-increased-demand-and-innovations-in-the-automotive-industry-exclusive-report-by-mmr
                     Steering Knuckle Market Increased Demand
and Innovations in the Automotive Industry,
Exclusive Report by MMR
The steering Knuckle Market size was
valued at USD 59.95 Bn. in 2021 and the
total Market revenue is expected to grow
at a CAGR of 6.2 % from 2022 to 2029
PUNE, MAHARASHTRA, INDIA,
November 9, 2022 /EINPresswire.com/
-- According to the “Steering Knuckle
Market” report published by Maximize
market Research, the market is
expected to grow from USD 1167.17
billion in 2021 to USD 2728.80 billion in
2029, at a CAGR of 11.2 percent for the
forecast period from 2022 to 2029.
Steering Knuckle Market
Steering Knuckle Market Scope and
Research Methodology
A detailed analysis of the Steering Knuckle Market is provided in the report with the global,
regional and local breakup of the market. Market size is estimated in value and volume along
with growth rate fluctuations throughout the forecast period. For an in-depth analysis of the
market, it is divided into segments by vehicle type, manufacturing method and material type,
presenting a segment-wise analysis with key factors affecting growth or fall in those segments.
Key manufacturers and new entrants in the Steering Knuckle Market are listed for studying these
companies by goods and services offered, revenue generated, financial status, portfolio,
geographical presence, new product launches and implementation of new technology. Regional
analysis of the market gives an estimate of all the possible opportunities prevailing in the
Steering Knuckle Market. The report provides a complete picture of the Steering Knuckle Market
by acting as a guide for investors and other industries dependent on the Steering Knuckle
Market for devising their strategies for growth.
Key insights such as drivers, restraints, challenges and opportunities are covered in the report
for a deeper understanding of Steering Knuckle Market dynamics. Data is gathered from primary
and secondary methods for conducting the analysis. Primary data was gathered through various
methods such as surveys, administering questionnaires and telephonic interviews with industry
specialists, market leaders, entrepreneurs and marketing
professionals. Secondary data was collected from a
curated selection of sources for maximum reliability of the
Europe dominated the
inferences. This includes official databases of various
Steering Knuckle Market in
organisations and government sites, industry journals,
2021 with the revenue share
white papers, annual reports, releases of product
of 45 percent. In the region,
manufacturers and suppliers in the industry along with
Market growth is led by
paid databases. 
Germany on account of
being the largest exporter of
Request a Sample now to gain a better understanding of
the Market”
the Steering Knuckle Market:
MMR
https://www.maximizemarketresearch.com/request-
sample/70901 
Steering Knuckle Market Overview
A steering knuckle is a mental piece with protruding arms that are positioned behind the front
wheels connecting the wheel hub to the suspension. These knuckles are central to the steering
system of the vehicle and need to be sturdy as their purpose is to manoeuvre the wheels while
steering the vehicle.
The Steering Knuckle Market is expected to witness growth on the account of the growing
automotive industry and changing consumer preferences for vehicles.
Steering Knuckle Market Dynamics
Governments have been taking measures and implementing strict laws for reducing automotive
carbon emissions. This has resulted in a shift towards Electronic power steering which has a
record for reducing the amount of fuel consumption. The need for fuel-efficient automobiles is
expected to increase the market for electronic power steering, boosting the growth of the
Steering Knuckle Market.
Changing consumer preferences in the automotive industry is working towards enhancing the
efficiency of the vehicles while focusing on the visual aesthetic aspect while manufacturing. This
change has pushed the Steering Knuckle Market to change its design to meet the changing
needs of the automotive industry. The automotive industry is adopting AI (Artificial Intelligence)
for the introduction of autonomous vehicles. This is another factor that will increase demand for
electronic power steering, thereby leading to Steering Knuckle Market growth.
A significant trend in the automotive industry is of reducing the weight of vehicles in an attempt
to reduce carbon emissions and increase the fuel efficiency of the vehicle. Steering Knuckle
Market is driven by increasing demand for lightweight steering knuckles. All-terrain vehicles are
gaining popularity with a rise in recreational activities paving the path for new opportunities and
innovations in the market. Their production is expected to increase the demand for Steering
Knuckle Market for the forecast period. However, the high machining and maintenance cost of
the steering knuckles is expected to cause disruptions in the market as atomization in
manufacturing is difficult.
Steering Knuckle Market Regional Insights
Europe dominated the Steering Knuckle Market in 2021 with the revenue share of 45 percent. In
the region, Steering Knuckle Market growth is led by Germany on account of being the largest
exporter of Steering Knuckle in the world. Advancements in the market are expected to present
more opportunities for growth during the forecast period. The regional growth in the Steering
Knuckle Market is also attributed to the concentration of manufacturers in the area with the
growth of the automotive industry being the key driver of growth. North America is expected to
witness steady growth in the Steering Knuckle Market however speculations on the political
unrest and strict technical regulations by the government in the region are expected to introduce
the possibility of it hampering the regional Steering Knuckle Market.
For the forecast period, the Asia-Pacific region is expected to witness positive growth on account
of factors such as cheap labour and the availability of resources. China is expected to lead the
Steering Knuckle Market in the region. This is due to the existence of several automotive
manufacturers in China.
Would you like to ask a question? Ask Our Expert:
https://www.maximizemarketresearch.com/request-sample/70901 
Steering Knuckle Market Segmentation
By Vehicle Type: 
Passenger Cars
Commercial Vehicles
Off-road Vehicles
Others
By Manufacturing Method:
Casting
Forging
By Material Type: 
Steel
Aluminium
Composites
Steering Knuckle Market Key Manufacturers: 
Teksid S.p.A. (Italy)
Farinia SA (USA)
TeraFlex Suspensions (USA)
Happy Forgings Limited (India)
Busche Performance Group (USA)
Jikasu Engineering Corp (India)
MAG IAS GmbH (Germany)
p.A
ATTC Manufacturing, Inc. (USA)
Sakthi Auto Component Limited (SACL) (India)
NINGBO SAP STEERING SYSTEM CO.LTD (China)
Beinbauer Group (Germany)
Bharat Forge (India)
Mevotech LP
MOOG Parts
MZW Motors
Professional Parts Sweden
ACDelco Corporation
Crown Automotive Sales Co., Ltd.
Dorman Products
Key questions answered in the Steering Knuckle Market are: 
What is a Steering Knuckle? 
What is the growth rate of Steering Knuckle Market for the next five years? 
What is the nature of competition in Steering Knuckle industry in developed and developing
economies? 
Who are the key players in the Steering Knuckle Market?
Who are the market leaders in Steering Knuckle in Europe
Who are the market leaders in Steering Knuckle in USA and Canada
Who are the market leaders in Steering Knuckle in India, China, Japan and South Korea?
What are the factors affecting growth in the Steering Knuckle Market? 
Who held the largest market share in Steering Knuckle Market? 
What are the factors for the growth of Asia-Pacific region in Steering Knuckle Market?
Key Offerings:
Market Share, Size & Forecast by Revenue | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use
and Region and Region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading automotive and transportation research firm, has also
published the following reports:
Automotive Steering Systems Market -The Automotive Steering Systems Market size is expected
to reach USD 44.30 billion by 2029 at a CAGR of 4.7 percent during the forecast period. The
Automotive Steering Systems Market is expected to be driven rigid fuel efficiency norms and
increasing demand for electric vehicles. 
Electric Power Steering Market -The Electric Power Steering Market size is expected to reach USD
38.17 billion by 2029 at a CAGR of 5.7 percent during the forecast period. The Electric Power
Steering Market is expected to be driven by government initiatives for safe automotive systems
and implementation of PID (Proportional Integral Derivative) approach. 
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with
professionals from several industries. Some of the industries we cover include medical devices,
pharmaceutical manufacturers, science and engineering, electronic components, industrial
equipment, technology and communication, cars and automobiles, chemical products and
substances, general merchandise, beverages, personal care, and automated systems. To
mention a few, we provide market-verified industry estimations, technical trend analysis, crucial
market research, strategic advice, competition analysis, production and demand analysis, and
client impact studies.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
[email protected]
+91 96071 95908, +91 9607365656
Geeta Yevale
Maximize Market research
+91 72638 03166
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
This press release can be viewed online at: https://www.einpresswire.com/article/600341076
EIN Presswire's priority is source transparency. We do not allow opaque clients, and our editors
try to be careful about weeding out false and misleading content. As a user, if you see something
we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire,
Everyone's Internet News Presswire™, tries to define some of the boundaries that are reasonable
in today's world. Please see our Editorial Guidelines for more information.
© 1995-2022 Newsmatics Inc. All Right Reserved.