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Automotive Tie Rods Market 2027| Federal-Mogul Motorparts, ZF Group(ZF Friedrichshafen AG), TRW Automotive, General Motors, ACDelco, Ditas, Mando Corp, Mevotech LP, MAS Industries, FAI Automotive PLC, Crown Automotive Group

04-27-2020 07:28 AM CET | Tourism, Cars, Traffic

Press release from: Automotive Tie Rods Market

Automotive Tie Rods Market 2020

Automotive Tie Rods Market 2020

Recent research and the current scenario as well as future market potential of "Global Automotive Tie Rods Market 2020".

The Global Automotive Tie Rods Market is expected to grow at a high CAGR during the forecasting period (2020-2027).

The tie rod is a part of the steering mechanism in a vehicle. A tie rod consists of an inner and outer end. The tie rod transmits force from the steering center link or rack gear to the steering knuckle; this will cause the wheel to turn.

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The tie rod is a part of the steering mechanism in a vehicle. A tie rod consists of an inner and outer end. The tie rod transmits force from the steering center link or rack gear to the steering knuckle, this will cause the wheel to turn.

The outer tie rod end connects with an adjusting sleeve, which allows the length of the tie rod to be adjustable. This adjustment is used to set a vehicle's alignment angle. Tie rods generally exist in pairs on each tire which enables the angling and cornering of the tire without producing too much of torque on the wheel however deep the turn may be.

Most modern vehicles use a steering system named rack and pinion that incorporates tie rods in order to help turn the wheels. These rods are attached on both the ends of the steering rack, and with the rolling of the opinion over the slotted rack, the tie rods assist in pushing and pulling the front tires when the steering wheel turns. Thus, tie rods provide an integral function to the steering of the vehicle and thus the overall safety of the car.

Global automotive tie rods market is expected to grow at a CAGR of XX% to reach market value of USD XXXX million by 2025.

Market Drivers:

The adoption of computer-aided engineering (CAE) and computational flow dynamics (CFD) is increasing in the automotive industry to achieve design optimization in pre-product development. This will boost the Global Automotive tie rods market innovation in the forecast period.

Market Restraints:

Tie bars could last for long years, but their longevity could be affected by certain driving conditions. Adverse road conditions, minor accidents, and driving obstacles can cause the tie bars to function incorrectly, which is the major restraint for the automotive tie roads market globally.

Market Segmentation :

By vehicle type :

The sales volume of passenger cars is increasing due to the rising trend for mobility. This in turn, will boost the sales of automotive tie rods. The demand for automotive tie rod is more in developed countries such as the US, Canada, and Germany and developing economies such as China, India, Thailand, and Indonesia.

By Geography :

The Asia Pacific is anticipated to emerge as the most lucrative and the fastest growing regional market for automotive tie rods, owing to the presence of major emerging markets for automobiles such as Japan, China, South Korea, and India. The rapidly increasing vehicle production coupled with the upward progression of the automotive industry in these countries, owing to the steady support from governments is set to steadily steer the growth of the automotive tie rod market in the Asia Pacific region during the forecast period.

Key market segments covered

BY PRODUCT TYPE :

Outer tie rods
Inner tie rods

BY VEHICLE TYPE

Passenger car
Commercial vehicle
Heavy duty vehicle

BY SALES CHANNEL :

OEM
Aftermarket

BY REGION :

Asia Pacific
Europe
North America
South America
Rest of the World.

Competitive Landscape :
The competitiveness in the market is due to factors such as product and service quality and availability, customer relationship, and pricing, but R&D will play a crucial role in this market in future. Some of the major players for automotive tie roads are ZF Friedrichshafen AG (Lemforder), TRW Automotive, Federal-Mogul Motorparts and General Motors (ACDelco).

If You Want Additional Information Or Specific Requirement About Impact of COVID-19 on Automotive Tie Rods Market @ https://decisionmarketreports.com/request-customization/1326853

Why purchase the report?
Visualize the composition of the automotive tie rods market across each indication, in terms of by product type, by vehicle type and by sales channel highlighting the key commercial assets and players.
Identify commercial opportunities in automotive tie rods market by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of the automotive tie rods market - level 4/5 segmentation
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Product mapping in excel for the automotive tie rods products of all major market players

Target Audience
Raw Material Suppliers/ Buyers
Product Suppliers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Emerging Companies
Manufacturer

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