Report forecast the global automotive
steering knuckle market to grow at a CAGR of 3.92% during the period 2018-2022.
Automotive steering knuckle is a part of
the automotive front axle. Of the many components on the front axle, the
steering knuckle plays an important role in deciding the steering angle.
The report covers the present scenario and
the growth prospects of the global automotive steering knuckle market for
2018-2022. To calculate the market size, the report presents a detailed picture
of the market by way of study, synthesis, and summation of data from multiple
sources.
The
market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in the
market is increased precision in manufacture of steering knuckle. The
automotive steering system plays an important role in the safe handling of the
vehicle and having a comfortable ride. Steering knuckle comprises a hub or
spindle, and it is attached to the suspension components. The tire or wheel
assembly is held stable by steering knuckle.
Further, the report states that one
challenge in the market is increasing cost of raw materials. The major
component used in a vehicle is steel. Therefore, any fluctuation in steel price
would have a direct impact on the manufacturing cost. The global steel market
is expected to grow if the producers could find a right balance between
globalization and customization.
Global
Automotive Steering Knuckle Market 2018-2022, has
been prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key vendors
operating in this market.
key players in the global automotive
steering knuckle market: BEINBAUER GROUP, Bharat Forge, Busche Performance
Group, Farinia Group, and MAG IAS.
Market
driver
- Increased precision in manufacture of steering knuckle
- For a full, detailed list, view our report
Market
challenge
- Increasing cost of raw materials
- For a full, detailed list, view our report
Market
trend
- Increasing trend of rear-axle steering system
- For a full, detailed list, view our report
Key
questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 104 pages “Global
Automotive Steering Knuckle Market 2018 - 2022” report covers Executive
summary, Introduction, Scope of the report, Research Methodology, Market
landscape, Market Sizing, Five Forces Analysis, Market Segmentation By Vehicle
Type, Customer Landscape, Regional Landscape, Decision Framework, Drivers And
Challenges, Market Trends, Vendor Landscape, Vendor Analysis, Appendix.
Please visit this link for more details: http://mrr.cm/Ud9
For related reports please visit: Automotive Steering Knuckle Market Research Reports
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