Press release
Automotive Tie Rods Industry is Expected to Reach USD 988.2 Million by 2031 - ZF Friedrichshafen AG, TRW Automotive, Federal-Mogul Motorparts.
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The Automotive Tie Rods market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
The automotive tie rods market involves components that are crucial for steering and suspension systems in vehicles. Tie rods connect the steering knuckle to the steering rack or gearbox, facilitating the smooth transfer of steering inputs to the wheels. They play a vital role in vehicle handling, alignment, and safety.
Forecast Growth Projected:
The Global Automotive Tie Rods Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2030. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Automotive Tie Rods Market: ZF Friedrichshafen AG, TRW Automotive, Federal-Mogul Motorparts, General Motors (ACDelco), Mando Corporation, Sankei Industry Co. Ltd., K.D.K. Upset Forging Co., Honssion Auto Chassis System (ZHETIANG) Co. Ltd., FAI Automotive Plc and Mevotech LP.
Segment Covered in the Automotive Tie Rods Market:
By Product Type: Outer tie rods, Inner tie rods.
By Vehicle Channel: Passenger car, Commercial vehicle, Heavy duty vehicle.
By Sales Channel: OEM, Aftermarket.
Regional Analysis:
The global Automotive Tie Rods Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Automotive Tie Rods Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Automotive Tie Rods Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Automotive Tie Rods manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Automotive Tie Rods in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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FAQs
How big is the Automotive Tie Rods Market?
The Automotive Tie Rods Market size was USD 805.9 million in 2023. It is expected to reach USD 988.2 million by 2031.
How fast is the Automotive Tie Rods Market growing?
The Automotive Tie Rods Market will exhibit a CAGR of 4.4% during the forecast period, 2024-2031.
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