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New York, US, Oct. 24, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR),” Automotive Steering Knuckle Market Research Report: By Type, By Sales Channel, By Vehicle Type and Region – Forecast till 2030”, the global market will reach USD 6.81 billion at a 5% CAGR by 2030.
Automotive Steering Knuckle Market Analysis
The trend of optimizing steering knuckles for all-terrain vehicles is expanding. All-terrain vehicles are becoming more popular, and they are being used to increase mobility in rocky and coastal environments. All-terrain vehicle manufacturers are always attempting to develop specialized vehicles for military and naval use. Furthermore, they manufacture vehicles that can be used for hunting, farming, and moving small cargo over tough terrain. As off-road leisure activities become more popular, the demand for all-terrain vehicles will increase, prompting the need for optimizing steering knuckles for these vehicles. This will boost market growth during the assessment period.
Key Players
Eminent industry players profiled in the automotive steering knuckle market report includes,
- BEINBAUER GROUP
- Busche Performance Group
- Bharat Forge
- Farinia Group
- MAG IAS
- Teksid S.p.A.
- TeraFlex Suspensions
- Sakthi Auto Component Limited (SACL)
- NINGBO SAP STEERING SYSTEM CO. LTD.
- and Jikasu Engineering Corp.
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Automotive Steering Knuckle Market Opportunities
Increase in Off-Road Recreational Activities to offer Robust Opportunities
The increase in off-road recreational activities coupled with the accessibility of labor & other necessary resources at low costs will offer robust opportunities for the market over the forecast period.
One of the market’s current trends is the growing use of rear-axle steering systems. The global automobile market is constantly evolving due to new technological breakthroughs….
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