Global Automotive Tie Rod Market size was valued at US$ 808.42 Mn. in 2022 and the total revenue is expected to grow at 4.50% through 2023 to 2029, reaching nearly US$ 1100.16 Mn.Automotive Tie Rod Market Overview:
Automotive tie rods are an integral piece of the vehicle steering system. The automotive tie bar is a thin primary bar which has two finishes external ends and an inward end. Automotive tie rods associate steering knuckles on which either end of the steering rack which empowers the wheel to handily turn. The automotive tie rods have two areas strung together to change the length and this change helps to keep up with the arrangement point of the vehicles. The external finish of the tie rods is generally at risk to wear and failure. Automotive tie rods end is used to coordinate the steering of the vehicle and assist the wheel with turning. By and large, automotive tie rods are accessible in pairs which help the cornering and calculating of the tire without creating a lot of torque on the haggle the possibilities of wheel misalignment and failure. previously, automotive tie bar closes required normal oil in any case, presently a day, the majority of the new and advanced vehicles are currently upkeep free which likewise builds the deals of low oil require automotive tie rods.To know about the Research Methodology :- Request Free Sample Report
Market Dynamics:
The automotive tie rods are a piece of the steering system which assumes a vital part in turning off the vehicle. Hence, huge development in automotive vehicle creation is supposed to fillip the deals of automotive tie rods. Also, expanding spending force of the working-class population is giving a choice push to the deals of traveler vehicles as would be considered normal to get down to business the world deals of automotive tie rods market throughout the next few decades. Also, becoming strategic and online business ventures across the globe is supposed to build the deals of business vehicles which is expected to speed up the development of the automotive tie bar market through the forecast period. Because of expanding natural security concerns, the interest in electric vehicles is expanding and the public authority of a few nations advances electro portability, which unfavorably impacts the new offer of IC motor vehicles. Hence, rising interest in electric vehicles is expected to limit the automotive Tie rods market through the forecast period. Tie rods or tie bars are vital in a vehicle to consider exact turning, improve the treatment of the vehicle, make banking in the tire and make further turning radii. Tie bar closes are joined to the top and lower part of the tire to keep it secure, accordingly considering the simplicity of dealing with and fine shifts in the course. These factors are expected to support the market through the forecast period. Most current vehicles utilize a steering framework named rack and pinion that consolidates tie rods to assist with turning the wheels. These rods are joined on both the closures of the steering rack and with the turning of the pinion over the opened rack, the tie rods help with moving around the front tires while the steering wheel turns. Hence, tie rods give a basic capability to the steering of the vehicle and accordingly the general security of the vehicle. Tie bars could keep going for long years, yet their life span could be impacted by specific driving circumstances. Unfriendly street conditions, minor mishaps, and driving snags can cause the tie bars to mistakenly work. Hence, inferable from their high use and significance, it is prescribed to have the tie bars examined at normal spans, these factors are expected to drive the market through the forecast period. The rise in the automotive industry across the world goes about as one of the central point’s driving the development of the automotive tie rod market. The expansion popular for traveler vehicles and developing awareness of security decidedly affects the market. The rise in government drives towards 4-wheeler security through exposure and advancements, or execution of guidelines. These activities urge the client to zero in on strong security frameworks that further grow the market. The increase in the reception of automotive tie bar gathering with quiet activity in premium vehicles further impacts the market. Likewise, the higher awareness of automotive tie rod for moment reaction drives the market. Also, an extension of the automotive area, flood in ventures and expanded extra cash decidedly influence the automotive tie rod market. these factors are expected to drive the market through the forecast period.Automotive Tie Rod Market Segment Analysis:
By Type, the market is classified into Steering Tie Rod Assembly and Straight Tie Rod Assembly. The Steering Tie Rod Assembly segment is expected to dominate the market through the forecast period. With the rise in demand for steering tie rods in the market as well as in commercial vehicles. Straight Tie Rod Assembly is expected to grow significantly through the forecast period.By Application, the market is segmented into Passenger Cars, LCVs, and HCVs. The passenger car segments are expected to dominate the market through the forecast period. As well as the HCVs and LCVs are expected to grow significantly through the forecast period.
Regional Insights:
North America is expected to dominate the market through the forecast period and acquires a significant share of the market in recent years, because of expanding demand and manufacturing of business vehicles. The North American automotive tie rods market is driven by the U.S. Europe is projected to enroll solid development in the automotive tie rods market, because of the presence of various automakers across the area, through the forecast period. Besides, rewarding development of automotive industry in arising nations of Asia Pacific, for example, India, China, ASEAN are assessed to hold noticeable market share in the world tie rod market. Moreover, this element, the rising extra cash of the working-class population likewise builds the interest for traveler vehicles which thus decidedly influences the development of the automotive tie rods market. Arising economies of Latin America and the Middle East and Africa are likewise expected to build interest in vehicles because of developing urbanization and working on monetary circumstances. These elements are supposed to help the development of the automotive tie rods market. The objective of the report is to present a comprehensive analysis of the Automotive Tie Rod Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Automotive Tie Rod Market dynamics, structure by analyzing the market segments and project the Automotive Tie Rod Market size. Clear representation of competitive analysis of key players By Type, price, financial position, product portfolio, growth strategies, and regional presence in the Automotive Tie Rod Market make the report investor’s guide.Automotive Tie Rod Market Scope: Inquire before buying
Automotive Tie Rod Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 808.42 Mn. Forecast Period 2023 to 2029 CAGR: 4.50% Market Size in 2029: US $ 1100.16 Mn. Segments Covered: by Type Steering Tie Rod Assembly Straight Tie Rod Assembly by Application Passenger Cars LCVs HCVs Automotive Tie Rod Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina and Rest of South America)Automotive Tie Rod Market Key Players are:
1. Ample Auto Tech Pvt. Ltd. (India) 2. G.S. Autocomp Pvt. Ltd. (India) 3. Sme Lifting (Italy) 4. Peter Eisenreich GmbH (Germany) 5. BO-INNO GmbH. (Germany) 6. JULI SLING CO., LTD (China) 7. Ocap Chassis Parts Pvt. Ltd. (India) 8. FAI Automotive (UK) 9. Powers & Sons (US) 10.Honssion Auto Chassis System (Zhejiang) (China) 11.Patmax Union Corporation (China) 12.Federal-Mogul (U.S.) 13.TRW Automotive (U.S.) 14.ACDelco (U.S.) 15.Ditas (Turkey) 16.Mando Corporation (South Korea) 17.Sankei (Tokyo), KDK Forging (U.S.) 18.Mevotech (Canada) 19.MAS Industries (Canada) 20.FAI Automotive Plc (U.K.) 21.Crown Automotive (U.S.) Frequently Asked Questions: 1. What is the forecast period considered for the Automotive Tie Rod Market report? Ans. The forecast period for the Automotive Tie Rod Market is 2023-2029. 2. Which key factors are hindering the growth of the Automotive Tie Rod Market? Ans. The High Cost of manufacturing expected to hinder the market. 3. What is the compound annual growth rate (CAGR) of the Automotive Tie Rod Market for the forecast period? Ans. The CAGR of Automotive Tie Rod Market is 4.50%. 4. What are the key factors driving the growth of the Automotive Tie Rod Market? Ans. Rise in awareness among Consumers driving the market. 5. Which are the worldwide major key players covered for the Automotive Tie Rod Market report? Ans. Ample Auto Tech Pvt. Ltd. (India), G.S. Autocomp Pvt. Ltd. (India), Sme Lifting (Italy), Peter Eisenreich GmbH (Germany), BO-INNO GmbH. (Germany), JULI SLING CO., LTD (China), Ocap Chassis Parts Pvt. Ltd. (India), FAI Automotive (UK), Powers & Sons (US), Honssion Auto Chassis System (Zhejiang) (China), Patmax Union Corporation (China), Federal-Mogul (U.S.) TRW Automotive (U.S.), ACDelco (U.S.), Ditas (Turkey), Mando Corporation (South Korea) Sankei (Tokyo), KDK Forging (U.S.), Mevotech (Canada), MAS Industries (Canada), FAI Automotive Plc (U.K.), Crown Automotive (U.S.)
1. Automotive Tie Rod Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Automotive Tie Rod Market: Dynamics 2.1. Automotive Tie Rod Market Trends by Region 2.1.1. North America Automotive Tie Rod Market Trends 2.1.2. Europe Automotive Tie Rod Market Trends 2.1.3. Asia Pacific Automotive Tie Rod Market Trends 2.1.4. Middle East and Africa Automotive Tie Rod Market Trends 2.1.5. South America Automotive Tie Rod Market Trends 2.2. Automotive Tie Rod Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Automotive Tie Rod Market Drivers 2.2.1.2. North America Automotive Tie Rod Market Restraints 2.2.1.3. North America Automotive Tie Rod Market Opportunities 2.2.1.4. North America Automotive Tie Rod Market Challenges 2.2.2. Europe 2.2.2.1. Europe Automotive Tie Rod Market Drivers 2.2.2.2. Europe Automotive Tie Rod Market Restraints 2.2.2.3. Europe Automotive Tie Rod Market Opportunities 2.2.2.4. Europe Automotive Tie Rod Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Automotive Tie Rod Market Drivers 2.2.3.2. Asia Pacific Automotive Tie Rod Market Restraints 2.2.3.3. Asia Pacific Automotive Tie Rod Market Opportunities 2.2.3.4. Asia Pacific Automotive Tie Rod Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Automotive Tie Rod Market Drivers 2.2.4.2. Middle East and Africa Automotive Tie Rod Market Restraints 2.2.4.3. Middle East and Africa Automotive Tie Rod Market Opportunities 2.2.4.4. Middle East and Africa Automotive Tie Rod Market Challenges 2.2.5. South America 2.2.5.1. South America Automotive Tie Rod Market Drivers 2.2.5.2. South America Automotive Tie Rod Market Restraints 2.2.5.3. South America Automotive Tie Rod Market Opportunities 2.2.5.4. South America Automotive Tie Rod Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Automotive Tie Rod Industry 2.8. Analysis of Government Schemes and Initiatives For Automotive Tie Rod Industry 2.9. Automotive Tie Rod Market Trade Analysis 2.10. The Global Pandemic Impact on Automotive Tie Rod Market 3. Automotive Tie Rod Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 3.1.1. Steering Tie Rod Assembly 3.1.2. Straight Tie Rod Assembly 3.2. Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 3.2.1. Passenger Cars 3.2.2. LCVs 3.2.3. HCVs 3.3. Automotive Tie Rod Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Automotive Tie Rod Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 4.1.1. Steering Tie Rod Assembly 4.1.2. Straight Tie Rod Assembly 4.2. North America Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 4.2.1. Passenger Cars 4.2.2. LCVs 4.2.3. HCVs 4.3. North America Automotive Tie Rod Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 4.3.1.1.1. Steering Tie Rod Assembly 4.3.1.1.2. Straight Tie Rod Assembly 4.3.1.2. United States Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 4.3.1.2.1. Passenger Cars 4.3.1.2.2. LCVs 4.3.1.2.3. HCVs 4.3.2. Canada 4.3.2.1. Canada Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 4.3.2.1.1. Steering Tie Rod Assembly 4.3.2.1.2. Straight Tie Rod Assembly 4.3.2.2. Canada Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 4.3.2.2.1. Passenger Cars 4.3.2.2.2. LCVs 4.3.2.2.3. HCVs 4.3.3. Mexico 4.3.3.1. Mexico Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 4.3.3.1.1. Steering Tie Rod Assembly 4.3.3.1.2. Straight Tie Rod Assembly 4.3.3.2. Mexico Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 4.3.3.2.1. Passenger Cars 4.3.3.2.2. LCVs 4.3.3.2.3. HCVs 5. Europe Automotive Tie Rod Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 5.2. Europe Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 5.3. Europe Automotive Tie Rod Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 5.3.1.2. United Kingdom Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 5.3.2. France 5.3.2.1. France Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 5.3.2.2. France Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 5.3.3.2. Germany Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 5.3.4.2. Italy Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 5.3.5.2. Spain Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 5.3.6.2. Sweden Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 5.3.7.2. Austria Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 5.3.8.2. Rest of Europe Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 6. Asia Pacific Automotive Tie Rod Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 6.2. Asia Pacific Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 6.3. Asia Pacific Automotive Tie Rod Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 6.3.1.2. China Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 6.3.2.2. S Korea Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 6.3.3.2. Japan Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 6.3.4. India 6.3.4.1. India Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 6.3.4.2. India Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 6.3.5.2. Australia Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 6.3.6.2. Indonesia Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 6.3.7.2. Malaysia Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 6.3.8.2. Vietnam Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 6.3.9.2. Taiwan Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 6.3.10.2. Rest of Asia Pacific Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 7. Middle East and Africa Automotive Tie Rod Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 7.2. Middle East and Africa Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 7.3. Middle East and Africa Automotive Tie Rod Market Size and Forecast, by Country (2022-2029) 7.3.1. South Africa 7.3.1.1. South Africa Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 7.3.1.2. South Africa Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 7.3.2. GCC 7.3.2.1. GCC Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 7.3.2.2. GCC Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 7.3.3. Nigeria 7.3.3.1. Nigeria Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 7.3.3.2. Nigeria Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 7.3.4.2. Rest of ME&A Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 8. South America Automotive Tie Rod Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 8.2. South America Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 8.3. South America Automotive Tie Rod Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 8.3.1.2. Brazil Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 8.3.2.2. Argentina Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Automotive Tie Rod Market Size and Forecast, by Type (2022-2029) 8.3.3.2. Rest Of South America Automotive Tie Rod Market Size and Forecast, by Application (2022-2029) 9. Global Automotive Tie Rod Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Automotive Tie Rod Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Ample Auto Tech Pvt. Ltd. (India) 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. G.S. Autocomp Pvt. Ltd. (India) 10.3. Sme Lifting (Italy) 10.4. Peter Eisenreich GmbH (Germany) 10.5. BO-INNO GmbH. (Germany) 10.6. JULI SLING CO., LTD (China) 10.7. Ocap Chassis Parts Pvt. Ltd. (India) 10.8. FAI Automotive (UK) 10.9. Powers & Sons (US) 10.10. Honssion Auto Chassis System (Zhejiang) (China) 10.11. Patmax Union Corporation (China) 10.12. Federal-Mogul (U.S.) 10.13. TRW Automotive (U.S.) 10.14. ACDelco (U.S.) 10.15. Ditas (Turkey) 10.16. Mando Corporation (South Korea) 10.17. Sankei (Tokyo), KDK Forging (U.S.) 10.18. Mevotech (Canada) 10.19. MAS Industries (Canada) 10.20. FAI Automotive Plc (U.K.) 10.21. Crown Automotive (U.S.) 11. Key Findings 12. Industry Recommendations 13. Automotive Tie Rod Market: Research Methodology 14. Terms and Glossary