Press release
From $3.3 Billion to $5.9 Billion : Automotive Kingpin Market Growth Forecast (2024-2033)
๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/A323776
๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
By product type, the kits segment dominated the automotive kingpin market in 2023. This is attributed to the fact that kits provide a convenient solution for vehicle owners and mechanics by bundling all necessary components together for a specific repair and maintenance task. This convenience is particularly appealing in the aftermarket segment where time and ease of installation are crucial. Meanwhile, the individual parts segment is expected to grow at an increasing rate in the automotive kingpin market. This is due to the fact that some customers prefer the flexibility of purchasing individual kingpin components separately, allowing for customization based on specific vehicle requirements, preferences, and budget constraints.
By vehicle type, the heavy commercial vehicle segment dominated the automotive kingpin market in 2023, as the demand for high-quality kingpins is higher among heavy commercial vehicles. Infrastructure development projects, industrial activities, and the expansion of logistics and transportation sectors are driving the demand for heavy commercial vehicles and, consequently, automotive kingpins. Meanwhile, the light commercial vehicle segment is expected to grow at an increasing rate, due to rapid e-commerce growth, growing urbanization, and rising last-mile delivery services.
By sales channel, the OEM segment dominated the automotive kingpin market in 2023 due to increasing vehicle production and integration of advanced technologies. Meanwhile, the aftermarket segment is expected to grow at a significant rate in the automotive kingpin market, due to the increasing aging of vehicles and growing preference for high-quality replacement parts.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/automotive-kingpin-market/purchase-options
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
Region wise, Asia-Pacific region dominated the automotive kingpin market in 2023 due to the highest production of vehicles in the region. Meanwhile, North America region is expected to grow at a significant rate in the future due to the increasing sales of commercial vehicles in the region.
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
Bosch (Germany)
Continental SA (Germany)
Valeo SA (France)
ACDelco (U.S.)
Michelin Group (France)
Meritor Inc. (U.S.)
Dana Limited (U.S.)
PE Automotive (Germany)
JG Automotive (Spain)
Elgin Industries (U.S.)
Diesel Technic SE (Germany)
Belton Group (UK)
Stemco Products Inc. (U.S.)
Mulberry Fabrications Limited (UK)
Schaffler Technologies (Germany)
Ferdinand Bilstein GmBh (Germany)
Lema Srl (Italy)
GKN Automotive (UK)
Thyssenkrupp AG (Germany)
SKF Group (Sweden)
NSK Ltd. (Japan)
NTN Corporation (Japan)
Hitachi Automotive Systems (Japan)
Hyundai Wia (South Korea)
Mando Corporation (South Korea)
SAIC Motor (China)
Nexxiot AG (Switzerland)
Stemco (U.S.)
The report provides a detailed analysis of these key players in the global automotive kingpin market. These players have adopted different strategies such as new product launch, and collaboration to increase their market share in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A323776
๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
In December 2021, Eurowagon, a polish based railway car pool company, collaborated with Nexxiot, a trade tech company, and launched safety digital products and services. Eurowagon and Nexxiot have extended their cooperation by moving to equip Eurowagon's fleet with the latest Kingpin sensors, which monitor the loading of semi-trailers onto pocket rail wagons. Nexxiot's Kingpin Monitor hardware offer new standards in safety and process automation to different asset types.
In April 2021, Dana Inc. launched the new ultimate dana kingpin knuckle kits in conjuction with the Easter Jeep Safari in Moab, Utah. The kits include all of the top-quality components required to install a kingpin assembly for more robust off-road performance on Jeep vehicles. The solution is a time-saving alternative to searching and ordering each component individually. The kits feature an updated knuckle design that delivers added strength to the axle while improving turning radius and steering. Available for Jeep JK, JL, and JT models, the ultimate dana kingpin knuckle kits are the newest addition to the dana builder axle program.
In 2024, Diesel Technic SE, a company based in Germany, launched a new automotive kingpin solution. This product is part of the DT Spare Parts brand and includes a comprehensive kingpin kit designed for commercial vehicles. The kit is built to meet high-quality standards, ensuring durability and reliability for heavy-duty applications.
In 2024, Stemco Produts Inc., launched Qwitkit kingpin kit solution. The solution launched no-ream steel bushings and pins. These components are designed to provide optimal lubrication to high-wear areas and hold significantly more grease than standard sets, extending the lifespan of the kingpin. The QwikKit King Pin helps in rapid installations compared to traditional original equipment (OE) and aftermarket king pins, reducing shop time and maintenance costs.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :
Electric Commercial Vehicle Market
https://www.alliedmarketresearch.com/electric-commercial-vehicle-market-A31875
Portable EV Charger Market
https://www.alliedmarketresearch.com/portable-ev-charger-market-A47223
Cruise Ship Market
https://www.alliedmarketresearch.com/cruise-ship-market-A53567
E-Commerce Warehouse Market
https://www.alliedmarketresearch.com/e-commerce-warehouse-market-A53676
๐๐จ๐ง๐ญ๐๐๐ญ :
David Correa
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help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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