Steering Knuckle Stub Axle Market: Introduction
Steering knuckle is a component connected to the front wheel of the vehicle linked via suspension system, providing motion on the directions of the steering systems. The automotive industry is currently experiencing the major two demands namely light weight design and lower fuel consumption. The steering knuckle & stub are designed considering at these demands, which offers high power and low vibrations. On turning the steering, the steering knuckle is exposed to various loads such as tensile load, compressive load, torsional loads etc. Thus, the steering knuckle are designed with properties such as inflexibility, toughness and light in weight. The stub axel is an axel which limits the angular movement for steering system of the vehicle.
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Steering Knuckle Stub Axle Market: Dynamics
Steering knuckle is a component connected to the front wheel of the vehicle linked via suspension system, providing motion on the directions of the steering systems. The automotive industry is currently experiencing the major two demands namely light weight design and lower fuel consumption. The steering knuckle & stub are designed considering at these demands, which offers high power and low vibrations.
On turning the steering, the steering knuckle is exposed to various loads such as tensile load, compressive load, torsional loads etc. Thus, the steering knuckle are designed with properties such as inflexibility, toughness and light in weight. The stub axel is an axel which limits the angular movement for steering system of the vehicle.
Steering Knuckle Stub Axle Market: Segmentation
| On the basis of vehicle type |
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| On the basis of material type |
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| On the basis of stub axle type |
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| On the basis of the manufacturing method |
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| On the basis of the distribution channel |
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Steering Knuckle Stub Axle Market: Regional Outlook
The global steering knuckle & stub axle market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). Western Europe contributes major share in the steering knuckle & stub axle market due to matured automotive market with high exports of auto components.
The auto component industry in North America is also healthy, for instance around 12.6% exports of automotive parts were recorded in 2015 from the U.S. APAC to grow at a relatively higher CAGR with China, Taiwan, South Korea & India to be major contributing countries for APEJ steering knuckle & stub axle market. The steering knuckle & stub axle market in Japan followed by Eastern Europe are expected to expand at moderate CAGR over the forecast period.
Steering Knuckle Stub Axle Market: Key Players
Some of the key players identified in the global steering knuckle & stub axle market include:
- Teksid S.p.A.
- Farinia SA
- TeraFlex Suspensions
- Happy Forgings Limited
- Busche Performance Group
- Jikasu Engineering Corp
- MAG IAS GmbH
- ATTC Manufacturing, Inc.
- Sakthi Auto Component Limited (SACL)
- NINGBO SAP STEERING SYSTEM CO.LTD
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