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Global Automotive Tie Rod Assembly Market 2017-2021

About Automotive Tie Rod Assembly

Tie rod is an essential part of a vehicle's steering system. Tie rod's main function is to tie the steering rack to the steering system. It is a thin structural rod used to link and can carry tensile loads only. Tie rod consists of an outer and inner end. It transmits force from the rack gear or steering center to the steering knuckle. This will cause the wheels to turn at a required angle. Inner and outer tie rods are joined using a sleeve joint that allows the adjustment of the steering system when the front wheels are aligned. Steering knuckles are connected to the outer tie rod, which turns the front wheels.

Technavio’s analysts forecast the global automotive tie rod assembly market to grow at a CAGR of 3.89% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive tie rod assembly market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automotive Tie Rod Assembly Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Federal-Mogul
  • ZF Friedrichshafen
  • SANKEI INDUSTRY
  • ACDelco
  • DİTAŞ
Other prominent vendors
  • Crown Automotive Sales
  • FAI Automotive
  • HONSSION AUTO CHASSIS SYSTEM (ZHEJIANG)
  • K.D.K. Forging Company
  • Mando
  • MAS
  • Mevotech
  • Patmax Union Corporation
  • Powers & Sons
  • Rare Parts
  • SAMYUNG
  • Taizhou Terrill Auto Parts Manufacturing
  • Zhejiang Jiayuan Machinery Manufacturing
Market driver
  • Rising infrastructure demand in APAC
  • For a full, detailed list, view our report
Market challenge
  • Declining profit margins
  • For a full, detailed list, view our report
Market trend
  • Application of lightweight materials
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Tie Rod Assembly Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive tie rod assembly market: Federal-Mogul, ZF Friedrichshafen, SANKEI INDUSTRY, ACDelco, and DİTAŞ.

Other Prominent Vendors in the market are: Crown Automotive Sales, FAI Automotive, HONSSION AUTO CHASSIS SYSTEM (ZHEJIANG), K.D.K. Forging Company, Mando, MAS, Mevotech, Patmax Union Corporation, Powers & Sons, Rare Parts, SAMYUNG, Taizhou Terrill Auto Parts Manufacturing, and Zhejiang Jiayuan Machinery Manufacturing.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is application of lightweight materials. The current trend in automotive innovation is toward lightweight design. Lightweight automotive designs are developed by replacing the existing materials with more advanced aluminum, magnesium, plastic, or composite materials, applying manufacturing technology or adopting optimization techniques. The main benefits of lower weight design are that they require low energy as compared with conventional materials.”

According to the report, one driver in the market is rising infrastructure demand in APAC. The rapidly growing economies in APAC have led to a significant boom in the infrastructure sector. India, the Philippines, and China are expected to boost Asia's spending on infrastructure development and capital projects in future. The Asian market has benefited from trends such as foreign direct investment, rapid technological progress, and open markets for trade in goods and services. The continent's growth has also been built upon the foundation of prevailing peace, security, and stability offered by the countries. While distinct from each other, these four trends are all closely interrelated for the development of Asian market.

Further, the report states that one challenge in the market is declining profit margins. In the automotive industry, OEMs used to take the liability for most price pressure and warranty costs from the demand side. However, the situation has changed since the past few years as the OEMs have pushed the liabilities of cost reduction onto tier-1 vendors that in turn drive these onto component manufactures. This has led to the cost optimization across the automotive industry to maintain profitability. To counter the high pricing, auto part makers are outsourcing manufacturing activities to low-cost countries such as India, China, Thailand, and Indonesia. The main reason to outsource from these countries is the high concentration of automotive part manufacturing units in these countries.

Companies Mentioned

Federal-Mogul, ZF Friedrichshafen, SANKEI INDUSTRY, ACDelco, and DİTAŞ, Crown Automotive Sales, FAI Automotive, HONSSION AUTO CHASSIS SYSTEM (ZHEJIANG), K.D.K. Forging Company, Mando, MAS, Mevotech, Patmax Union Corporation, Powers & Sons, Rare Parts, SAMYUNG, Taizhou Terrill Auto Parts Manufacturing, and Zhejiang Jiayuan Machinery Manufacturing.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Segmentation of global automotive tie rod assembly market
    • Market size and forecast
      • Table Global automotive tie rod assembly market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global automotive tie rod assembly market by application
      • Table Global automotive tie rod assembly market by application 2016 (% share)
    • Global automotive tie rod assembly market in passenger cars segment
      • Table Global automotive tie rod assembly market in passenger cars segment 2016-2021 ($ billions)
      • Table Global automotive tie rod assembly market in passenger cars segment by geography 2016-2021 (%)
    • Global automotive tie rod assembly market in LCVs segment
      • Table Global automotive tie rod assemblymarket in LCVs segment 2016-2021 ($ billions)
      • Table Segmentation of global automotive tie rod assembly market in LCVs segment by geography 2016-2021 (% share)
    • Global automotive tie rod assembly market in M&HCVs segment
      • Table Global automotive tie rod assembly market in M&HCVs segment 2016-2021 ($ billions)
      • Table Segmentation of global automotive steering bearing market in M&HCVs segment by region 2016-2021 (% share)
  • Regional landscape
    • Geographical segmentation
      • Table Americas - Market size & forecast 2016-2021 (% change in share)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size & forecast
      • Table Americas - Market size & forecast 2016-2021 ($ billions)
      • Table Americas - Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in Americas
    • EMEA - Market size & forecast
      • Table EMEA - Market size & forecast 2016-2021 ($ billions)
      • Table EMEA - Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in EMEA
    • APAC - Market size & forecast
      • Table APAC - Market size & forecast 2016-2021 ($ billions)
      • Table APAC - Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in APAC
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Application of lightweight materials
    • Integration of steer-by-wire technology
    • Rise in e-commerce
  • Vendor Landscape
    • Competitive benchmarking
    • Other prominent vendors
  • Key vendor analysis
    • Federal-Mogul
      • Table Federal-Mogul: Geographical segmentation by revenue 2016 (% share)
      • Table Federal-Mogul: Business segmentation by revenue 2016 (% share)
      • Table Federal-Mogul: Product portfolio
      • Table Federal-Mogul: Recent developments
    • ZF Friedrichshafen
      • Table ZF Friedrichshafen: Business segmentation by revenue 2016 (% share)
      • Table ZF Friedrichshafen: Geographical segmentation by revenue 2016 (% share)
      • Table ZF Friedrichshafen: Product portfolio
      • Table ZF Friedrichshafen: Business developments
    • SANKEI INDUSTRY
      • Table SANKEI INDUSTRY: Product portfolio
      • Table SANKEI INDUSTRY: Business developments
    • ACDelco
      • Table ACDelco: Product portfolio
      • Table ACDelco: Business developments
    • DÝTAª
      • Table DÝTAª: Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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