Automotive Tie Rods Market Size, Share and Forecast 2019 2026
Global automotive tie rods market is expected to grow at a CAGR of XX% to reach a market value of USD XXXX million by 2026.
(EMAILWIRE.COM, September 06, 2019 ) Market Overview
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 force from the steering center 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 vehicles alignment angle.
Tie rods generally exist in pairs on each tire which enables the angling and cornering of the casing without producing too much of torque on the wheel however deep the turn may be.
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 the significant restraint for the automotive tie roads market globally.
Market 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 Analysis
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 rod is more in developed countries such as the US, Canada, and Germany and developing economies such as China, India, Thailand, and Indonesia.
Company profiles
Some of the major players for automotive tie roads are
ZF Friedrichshafen AG (Lemforder),
TRW Automotive,
Federal-Mogul Motorparts and
Others
View full sample report: https://www.datamintelligence.com/research-report/automotive-tie-rods-market
Download free sample: https://www.datamintelligence.com/download-sample/automotive-tie-rods-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
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 force from the steering center 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 vehicles alignment angle.
Tie rods generally exist in pairs on each tire which enables the angling and cornering of the casing without producing too much of torque on the wheel however deep the turn may be.
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 the significant restraint for the automotive tie roads market globally.
Market 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 Analysis
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 rod is more in developed countries such as the US, Canada, and Germany and developing economies such as China, India, Thailand, and Indonesia.
Company profiles
Some of the major players for automotive tie roads are
ZF Friedrichshafen AG (Lemforder),
TRW Automotive,
Federal-Mogul Motorparts and
Others
View full sample report: https://www.datamintelligence.com/research-report/automotive-tie-rods-market
Download free sample: https://www.datamintelligence.com/download-sample/automotive-tie-rods-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results