Steering Tie Rod Market Key Highlights:
- Market Size (2024): USD 17,074 Million
- Projected Market Size (2034): USD 30,289 Million
- CAGR (2024-2034): 5.9%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Steering Tie Rod Market Definition
The steering tie rod market consists of the steering tie rod used for vehicles, which is an integral part of vehicle steering. The demand for vehicles is increasing with the growth in personal transportation, urbanization, and infrastructure expansion, which is also pushing the development of the automobile sector. The advancement in the steering system and rising vehicle production and sales are creating the need for a steering tie rod market.
The restraint of this market is a lack of standardization across all different vehicles. This causes complications in the manufacturing process and raises production costs. But, as the need for vehicles increases, so does the need for reliable steering components like tie rods. With rising vehicle ownership, manufacturers and suppliers are increasing production capacities and introducing new technologies to meet rising demand. There is also a growing awareness around road safety worldwide. With the advent of autonomous driving technologies, the steering tie rod market needs more accurate steering mechanisms, which is likely to lead to further technological advancements in the sector.
Steering Tie Rod Market Segmentation:
By Vehicle Type
By Position
- Inner Tie Rod
- Outer Tie Rod
By Material
- Carbon Steel
- Stainless Steel
- Others
By Sales Channel
Steering Tie Rod Market Companies:
- Tenneco
- ZF Friedrichshafen AG
- Delphi Automotive PLC
- Mando Corporation
- Nexteer Automotive Group Limited
- NSK Ltd
- CTR Corporation
- Sankei Industry Co., Ltd.
- ACDelco
- Mevotech LP
- Febi Bilstein
- Dorman Products, Inc.
- Dana Inc.
- Motorcraft
- HARDRACE
- MEYLE AG
- THK
- Rane Group
- Skyjacker
- Whiteline Performance
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