Automotive Tie Rods Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMAUTR424 | Last Updated On: Sep 06 2022 | Available Formats

> Global Automotive Tie Rods Market Expected to reach a high CAGR by 2029: DataM Intelligence

Global Automotive Tie Rods Market is segmented By Product Type (Outer tie rods, Inner tie rods), By Vehicle Channel (Passenger car, Commercial vehicle, Heavy duty vehicle), By Sales Channel (OEM, Aftermarket), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[150 Pages Report] The Global Automotive Tie Rods Market is expected to grow at a high CAGR during the forecasting period (2022-2029).

Automotive Tie Rods Market - Strategic Insights

Metrics

Details

Market CAGR

 4%

Segments Covered

By Product Type, By Vehicle Channel, By Sales Channel and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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  • The tie rod is a part of the steering mechanism in a vehicle. A tie rod consists of an inner and outer end. The tie rod transmits the force from the steering centre link or rack gear to the steering knuckle; this will cause the wheel to turn.

  • The outer tie rod end connects with an adjusting sleeve, which allows the length of the tie rod to be adjustable. This adjustment is used to set a vehicle’s alignment angle.

  • Tie rods generally exist in pairs on each tire which enables the angling and cornering of the casing without producing too much torque on the wheel however deep the turn may be.

  • Most modern vehicles use a steering system named rack and pinion that incorporates tie rods to help turn the wheels. These rods are attached on both the ends of the steering rack and with the rolling of the opinion over the slatted frame, the tie rods assist in pushing and pulling the front tires when the steering wheel turns. Thus, tie rods provide an integral function to the steering of the vehicle and therefore the overall safety of the car.

Market Dynamics

  • The adoption of computer-aided engineering (CAE) and computational flow dynamics (CFD) is increasing in the automotive industry to achieve design optimization in pre-product development. This will boost the Global Automotive tie rods market innovation in the forecast period.

  • Tie bars could last for long years, but their longevity could be affected by certain driving conditions. Adverse road conditions, minor accidents, and driving obstacles can cause the tie bars to function incorrectly, which is a significant restraint for the automotive tie roads market globally.

Industry Segmentation

By Product Type

  • Outer tie rods

  • Inner tie rods

By Vehicle Type

  • Passenger car

  • Commercial vehicle

  • Heavy-duty vehicle

By Sales Channel

  • OEM

  • Aftermarket

By Region

  • Asia Pacific

  • Europe

  • North America

  • South America

  • Rest of the World

Geographical Share

  • The Asia Pacific is anticipated to emerge as the most lucrative and the fastest growing regional market for automotive tie rods, owing to the presence of major emerging markets for automobiles such as Japan, China, South Korea, and India.

  • The rapidly increasing vehicle production coupled with the upward progression of the automotive industry in these countries, owing to the steady support from governments is set to steadily steer the growth of the automotive tie rod market in the Asia Pacific region during the forecast period.

  • The demand for automotive tie rods is more in developed countries such as the US, Canada, and Germany and developing economies such as China, India, Thailand, and Indonesia.

Automotive Tie Rods Manufacturers

  • The competitiveness in the market is due to factors such as product and service quality and availability, customer relationship, and pricing, but R&D will play a crucial role in this market in future. Some of the major players for automotive tie roads are ZF Friedrichshafen AG (Lemforder), TRW Automotive, Federal-Mogul Motorparts and General Motors (ACDelco).

Why purchase the report?

  • Visualize the composition of the automotive tie rods market across each indication, regarding by product type, by vehicle type, and by sales channel highlighting the vital commercial assets and players.

  • Identify business opportunities in the automotive tie rods market by analyzing trends and co-development deals.

  • Excel data sheet with thousands of data points of the automotive tie rods market-level 4/5 segmentation

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study

  • Product mapping in excel for the automotive tie rods products of all major market players

Target Audience

  • Raw Material Suppliers/ Buyers

  • Product Suppliers/ Buyers

  • Industry Investors/Investment Bankers

  • Education & Research Institutes

  • Research Professionals

  • Emerging Companies

  • Manufacturer

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