openPR Logo
Press release

Automotive Kingpin Market to Reach US$ 6.71 Bn by the end of 2032

09-29-2022 04:46 PM CET | Logistics & Transport

Press release from: Persistence Market Research

/ PR Agency: Persistence Market Research
Automotive Kingpin Market 2022

Automotive Kingpin Market 2022

Automotive Kingpin Market 2022

The North America automotive kingpin market is currently valued at US$ 2.06 Bn (2022). Sales of automotive kingpins are slated to increase at a CAGR of around 4.2% to reach US$ 6.71 Bn by the end of 2032. Growing construction, logistics, and transportation sectors to boost automotive kingpin market growth.

Request For Free Sample Report Copy@

The global automotive kingpin market is anticipated to witness a growth rate of 4.4% over the decade. The market is being indirectly influenced by rising demand from the logistics sector, and also the construction sector as a result of increased construction activity, as these industries use heavy-duty vehicles for transportation.

Competitive Landscape

The global automotive kingpin market is highly fragmented. Leading kingpin manufacturers hold near to one-fourth of the market share. Some of the key market players included in the report are

• Meritor, Inc.
• Dana limited
• Schaeffler Technologies Ag & Co. Kg
• PE Automotive
• JG Automotive
• Elgin Industries
• Ferdinand Bilstein GmbH + Co. KG
• LE.MA S.r.L.
• DIESEL Technic SE
• STEMCO Products Inc
• ZheJiang GuanTong Autoparts Co.,Ltd

Defined goals such as high concentration on the increase of sales and distribution network, sourcing, expansion, and innovations in products by aftermarket players are expected to propel market expansion.

Companies engaged in automotive kingpin manufacturing are entering into contracts with distributors and are expanding their channel reach worldwide. Companies are also acquiring other companies to equip themselves with an expanded product portfolio, advanced technologies, and added manufacturing resources.

The global automotive kingpin market is also growing at a strong pace due to increasing demand from expanding automotive companies. Leading players are looking to conquer new contracts for the installation of new products as well as the replacement of aging products, which is creating a highly competitive environment for market participants.

Partnering in projects or collaborating with each other to share different innovative solutions for the design and development of innovative automotive aftermarket parts is also being witnessed. Manufacturers partnering with automotive companies is a global trend in this market.

Request For Report Customization@

Key Takeaways from Market Study

• Growing mining and construction sectors across the world have augmented demand for heavy commercial vehicles. The replacement rate of kingpins in heavy-duty commercial vehicles is high; rise in the commercial vehicle fleet is expected to drive market growth substantially over the coming years.
• Increasing automotive production is expected to bolster demand for automotive kingpins.
• Retailers are participating in promotion activities to increase their brand visibility, particularly to tap into the beneficial aftermarkets of kingpin kits.
• Increasing usage of automobiles across regions is estimated to create added market opportunities in the near future. Nowadays, many vehicles are developed with technologically advanced steering systems and couplings.
• By sales channel, the aftermarket is anticipated to remain a key segment and account for more than 58% market share by value in 2022.

"Demand for logistics and transportation is increasing, which, in turn, is driving the replacement of kingpins in the aftermarket as their lifespan is very short when heavy load is applied," says a Persistence Market Research analyst.


Automotive kingpins are widely used in light commercial vehicles, heavy commercial vehicles, and off-road vehicles, alike. Demand for kingpins is expected to be higher for use in light commercial vehicles. Increasing automotive production is expected to bolster demand for automotive kingpins over the coming years.

For in-depth competitive analysis, buy now@

Increasing number of construction and e-Commerce activities has resulted in an increase in demand for material transportation, which, in turn, has resulted in increased sales of commercial vehicles worldwide. This is likely to drive demand for automotive kingpins due to the fact that vehicles running with heavy loads create pressure on the kingpin, which makes it necessary to replace the kingpin in a short time span.

About us:

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

Contact us:

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales -


Germany Office:
Persistence Market Research
Potsdamer Platz 10 Haus 2, 5th Floor Berlin,
Germany 10785
Call +1 888-863-4084

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Kingpin Market to Reach US$ 6.71 Bn by the end of 2032 here

News-ID: 2754060 • Views: 373

More Releases from Persistence Market Research

AI to change the course of drug discovery in the Breast Implants Market at a CAG …
According to the latest market report published by Persistence Market Research titled 'Breast Implants Market: Asian Industry Analysis and Forecast, 2017-2025', the Asian breast implants market is expected to expand at a CAGR of 7.1% during the forecast period 2017-2025, with China slated to dominate the regional market through the forecast period. Get Sample Copy of this Report@ Company Profiles: Allergan, Plc (Actavis Plc) Mentor Worldwide LLC. (Johnson & Johnson Services, Inc.) GC Aesthetics
The Ultrasonic Skin Care Devices Market to look through AI-based genomics at a C …
Persistence Market Research (PMR) published a report on the ultrasonic skin care devices market, which considers the global industry analysis 2014 - 2018 and opportunity assessment 2019 - 2029, and projects that the ultrasonic skin care devices market is expected to reach ~ US$ 440 Mn by the end of 2019 in terms of value, and is forecasted to reach ~ US$ 720 Mn by the end of 2029. The presence
Flashlight Market Introducing New Industry Dynamics Through Swot Analysis [2022 …
Demand for LED flashlight is increasing, owing to the requirement of energy efficient lighting systems in commercial buildings. While energy efficiency of lighting systems is critical to conform to the government regulations regarding commercial construction projects, it is further complemented by restrictions on adoption of incandescent lighting products. Increasing implementation of minimum standards for the efficiency of lighting products will remain a prominent factor driving the demand for LED flashlight
Smart Home Solutions Market Statistics, Trends, Analysis, Size and Growth Factor …
According to the smart home solutions industry analysis by Persistence Market Research, demand is set to increase at an estimated CAGR of 18.5% from 2021-2031. The report also forecasts that the market will close in a valuation of around US$ 85.5 Bn by the end of 2021. Rising use of IoT (Internet of Things) and smart technology is helping various countries adopt the smart city concept. With the development of smart

All 5 Releases

More Releases for Automotive

KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%. Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected
Automotive Gearbox Market,Automotive Gearbox Industry, Global Automotive Gearbox …
Latest industry research report on: Global Automotive Gearbox Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts This industry study presents the global Automotive Gearbox market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Automotive Gearbox production, revenue and market share by manufacturers, key regions and type; The consumption of Automotive Gearbox in volume terms are also provided for major countries (or regions), and for each
Automotive Windscreen Sales Market – Analysis of Automotive Windscreen Sales G …
Automotive Windscreen Market report provides an in detail study of Manufactures in the market which is based on the various objectives associated with an organization such as Analysis, Market Share, Regional Market Performance, Product Specification, and the Company Introduction. The latest market intelligence study on Automotive Windscreen Sales market relies on statistics derived from the application of both primary and secondary research to present insights pertaining to the operational model, opportunities
Global Automotive Windshield Pumps Market 2018- SHW AG, TRW Automotive, Delphi A …
Apex Market Reports, recently published a detailed market research study focused on the "Global Automotive Windshield Pumps Market" across the global, regional and country level. The report provides 360° analysis of "Global Automotive Windshield Pumps Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the Global Automotive Windshield Pumps industry, and estimates the future
Automotive Steering System Market Players: Mitsubishi Electric, TRW Automotive H …
Automotive steering system market is expected to grow with the CAGR of about 6% from 2016 to 2022. Due to increasing demand for the driving comfort & fuel efficient vehicle as well as increasing vehicle production globally will drive the Automotive steering system market. Market Scenario Steering is the connection point between car and driver. It provides control and the feel of the road and plays a key role in the vehicle’s