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Global Automotive Steering Knuckle Market to grow at a CAGR of 3.92% during the period 2018 – 2022; Finds New Report

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.

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