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Future of Automotive Tie Rods: Market Dynamics & Forecast | Major Companies likes - ZF Friedrichshafen AG, TRW Automotive, Federal-Mogul Motorparts, General Motors (ACDelco)

08-01-2025 09:20 AM CET | Logistics & Transport

Press release from: DataM Intelligence 4 Market Research LLP

Automotive Tie Rods Market

Automotive Tie Rods Market

Global automotive tie rods market reached USD 805.9 million in 2022 and is expected to reach USD 988.2 million by 2030, growing with a CAGR of 4.4% during the forecast period 2023-2030.

The Automotive Tie Rods Market Market receives exhaustive analysis from DataM Intelligence, delivering stakeholders essential market data, emerging industry patterns, and strategic business intelligence. This in-depth research explores the competitive landscape in detail, evaluating market leaders across multiple dimensions including their innovative product offerings, competitive pricing strategies, financial performance metrics, strategic growth plans, and regional market penetration efforts.

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Automotive tie rods are critical components of the steering system, connecting the steering rack to the steering knuckle and enabling smooth and precise wheel movement. They play a vital role in maintaining proper alignment and ensuring responsive handling and stability. Durable construction and regular maintenance of tie rods are essential for vehicle safety and performance.

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Market Players in the Automotive Tie Rods Market market

The prominent players in Automotive Tie Rods Market market research report are: 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.

The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.

Automotive Tie Rods Market Market Key Development

1. Monroe Steering & Suspension Expanded Its Product Line
A major U.S. automotive parts supplier expanded its steering and suspension portfolio with a significant number of new tie rod part numbers. The rollout, finalized during this period, targeted improved durability and corrosion resistance using updated materials and design specifications. This move aimed to enhance aftermarket coverage, especially for newer vehicle models.

2. Increased Aftermarket Demand from Heavy-Duty Truck and SUV Usage
There has been a noticeable surge in demand for tie rod replacements in the U.S. aftermarket. This trend is driven by the country's high concentration of large trucks and SUVs, which are often subject to heavy-duty use like towing and off-road driving. These conditions accelerate wear on steering components, especially tie rods, leading to more frequent replacements in mid-2025.

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Automotive Tie Rods Market Market Segments

By Product: Outer tie rods, Inner tie rods

By Vehicle: Passenger vehicle, Commercial vehicle, Heavy duty vehicle

By Sales Channel: OEM, Aftermarket

The Automotive Tie Rods Market industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.

Research Methodology

Our analytical framework employs cutting-edge statistical modeling and data mining techniques to identify emerging patterns, forecast market trajectories, and decode complex industry dynamics. We enhance our findings through sophisticated market segmentation analysis and Porter's Five Forces evaluation, providing a 360-degree view of the competitive landscape. This multi-layered methodology ensures our delivered insights are not only data-driven and credible but also strategically relevant and immediately actionable for critical business decisions.

Regions Covered:

The global Automotive Tie Rods Market Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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✅ Competitive Landscape
✅ Sustainability Impact Analysis
✅ Technology Road Map Analysis
✅ KOL / Stakeholder Insights
✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots
✅ Market Volatility & Emerging Risks Analysis
✅ Quarterly Industry Report Updated
✅ Live Market & Pricing Trends
✅ Import-Export Data Monitoring
✅ Consumer Behavior & Demand Analysis

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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

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