Global Automotive Steering Knuckle Market
Market Size in USD Billion
CAGR :
% 
USD
1.55 Billion
USD
1.99 Billion
2025
2033
 Forecast Period |
2026 –2033 |
 Market Size (Base Year) |
USD 1.55 Billion |
 Market Size (Forecast Year) |
USD 1.99 Billion |
 CAGR |
% |
| Major Markets Players |
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What is the Global Automotive Steering Knuckle Market Size and Growth Rate?
- The global automotive steering knuckle market size was valued at USD 1.55 billion in 2025 and is expected to reach USD 1.99 billion by 2033, at a CAGR of 3.20% during the forecast period
- Rise in the off-road recreational activities is a crucial factor accelerating the market growth, also rise in the availability of labour and other necessary resources at a low price, rise in the automotive production, rise in the demand for vehicles in some parts of the world, rise in the adoption of composite material for applications and rise in the presence of several key manufacturers are the major factors among others boosting the automotive steering knuckle market
What are the Major Takeaways of Automotive Steering Knuckle Market?
- Increasing technological advancements and modernization in the production techniques, rise in the research and development activities and rising demand from the emerging economies will further create new opportunities for automotive steering knuckle market
- However, increase in the cost of research and development activities is the major factor among others restraining the market growth, and will further challenge the automotive steering knuckle market in the forecast period mentioned above
- Europe dominated the Automotive Steering Knuckle market with a 38.9% revenue share in 2025, driven by strong automotive manufacturing presence, advanced engineering capabilities, and high adoption of lightweight vehicle components across Germany, France, Italy, and the U.K
- Asia-Pacific is projected to register the fastest CAGR of 9.8% from 2026 to 2033, driven by rapid vehicle production growth, expanding EV manufacturing, and rising automotive exports across China, Japan, India, and South Korea
- The Alloy segment dominated the market with a 52.6% share in 2025, driven by increasing demand for lightweight and high-strength materials in modern vehicles
Report Scope and Automotive Steering Knuckle Market Segmentation
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Attributes |
Automotive Steering Knuckle Key Market Insights |
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Segments Covered |
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Countries Covered |
North America
Europe
Asia-Pacific
Middle East and Africa
South America
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Key Market Players |
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Market Opportunities |
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Value Added Data Infosets |
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework. |
What is the Key Trend in the Automotive Steering Knuckle Market?
Increasing Shift Toward Lightweight and High-Strength Steering Knuckle Designs
- The Automotive Steering Knuckles market is witnessing strong adoption of lightweight materials such as aluminum alloys, forged steel, and advanced composites to improve vehicle efficiency and performance
- Manufacturers are introducing high-strength, precision-forged, and optimized geometry steering knuckles that enhance durability, load-bearing capacity, and suspension stability
- Growing demand for electric vehicles (EVs) and fuel-efficient passenger cars is driving the need for weight reduction without compromising structural integrity
- For instance, companies such as Bharat Forge, TEKSID, and Farinia Group are focusing on advanced forging technologies and lightweight material integration to enhance product performance
- Increasing integration of ADAS, improved suspension systems, and enhanced braking mechanisms is accelerating the development of precision-engineered steering knuckles
- As vehicle architectures become more complex and electrified, steering knuckles will remain critical for improving safety, handling performance, and overall vehicle efficiency
What are the Key Drivers of Automotive Steering Knuckle Market?
- Rising demand for passenger vehicles, commercial vehicles, and electric vehicles across emerging and developed economies is significantly boosting steering knuckle production
- For instance, during 2024–2025, major automotive component manufacturers expanded forging and casting capacities to support increasing OEM vehicle production targets
- Growing emphasis on vehicle safety, durability, and ride stability is increasing the adoption of high-performance steering and suspension components
- Advancements in forging, casting, CNC machining, and heat treatment technologies have improved product precision, strength, and lifecycle performance
- Rising penetration of SUVs, EVs, and performance vehicles is creating demand for customized and heavy-duty steering knuckle assemblies
- Supported by expanding automotive manufacturing hubs in Asia-Pacific, Europe, and North America, the Automotive Steering Knuckles market is expected to witness steady long-term growth
Which Factor is Challenging the Growth of the Automotive Steering Knuckle Market?
- Volatility in raw material prices, particularly steel and aluminum, increases production costs and impacts profit margins for manufacturers
- For instance, during 2024–2025, fluctuations in global metal prices and supply chain disruptions affected component sourcing and manufacturing timelines
- Stringent quality standards and certification requirements increase production complexity and compliance costs
- High capital investment required for advanced forging, casting, and machining infrastructure may restrict entry of small-scale manufacturers
- Intense competition among global suppliers creates pricing pressure and limits differentiation opportunities
- To address these challenges, companies are focusing on material optimization, cost-efficient manufacturing processes, automation, and long-term OEM partnerships to strengthen global market positioning
How is the Automotive Steering Knuckle Market Segmented?
The market is segmented on the basis of type, sales channel, and vehicle type.
- By Type
On the basis of type, the automotive steering knuckle market is segmented into Alloy, Cast Iron, and Others. The Alloy segment dominated the market with a 52.6% share in 2025, driven by increasing demand for lightweight and high-strength materials in modern vehicles. Alloy steering knuckles, particularly aluminum-based variants, help reduce overall vehicle weight, enhance fuel efficiency, and improve handling performance. Their superior corrosion resistance and durability make them highly suitable for passenger cars and electric vehicles (EVs). OEMs are increasingly adopting alloy components to meet stringent emission norms and vehicle efficiency standards
The Cast Iron segment is projected to grow at a steady pace, particularly in heavy-duty and commercial vehicle applications, due to its cost-effectiveness and high load-bearing strength. However, the Alloy segment is expected to witness the fastest CAGR from 2026 to 2033, supported by rising EV production and growing emphasis on lightweight automotive architectures.
- By Sales Channel
On the basis of sales channel, the automotive steering knuckle market is segmented into OEM and Aftermarket. The OEM (Original Equipment Manufacturer) segment dominated the market with a 68.4% share in 2025, as steering knuckles are critical structural components integrated during vehicle manufacturing. Strong growth in global automobile production, increasing EV assembly, and expanding automotive manufacturing hubs across Asia-Pacific and North America continue to drive OEM demand. Long-term supply contracts, strict quality standards, and direct collaboration between automakers and component suppliers further strengthen OEM dominance.
The Aftermarket segment is expected to grow at the fastest CAGR from 2026 to 2033, driven by rising vehicle parc, increasing road accidents, and growing replacement demand due to wear and tear of suspension components. Expanding automotive service networks and rising consumer awareness regarding vehicle maintenance are further supporting aftermarket growth globally.
- By Vehicle Type
On the basis of vehicle type, the automotive steering knuckle market is segmented into Passenger Cars and Commercial Vehicles. The Passenger Cars segment dominated the market with a 61.7% share in 2025, supported by high global production volumes, increasing consumer vehicle ownership, and rapid expansion of compact SUVs and electric passenger vehicles. Rising integration of advanced suspension systems, ADAS technologies, and lightweight structural components further drives steering knuckle demand in this segment. Growing urbanization and rising disposable incomes in emerging economies continue to support passenger vehicle sales.
The Commercial Vehicles segment is projected to grow at the fastest CAGR from 2026 to 2033, driven by expanding logistics networks, infrastructure development projects, and increasing demand for heavy-duty trucks and buses. Growth in e-commerce transportation and fleet electrification initiatives is expected to further accelerate steering knuckle adoption in commercial vehicle platforms.
Which Region Holds the Largest Share of the Automotive Steering Knuckle Market?
- Europe dominated the Automotive Steering Knuckle market with a 38.9% revenue share in 2025, driven by strong automotive manufacturing presence, advanced engineering capabilities, and high adoption of lightweight vehicle components across Germany, France, Italy, and the U.K. The region’s focus on vehicle safety, emission reduction, and electric mobility has accelerated demand for precision-forged and alloy-based steering knuckles
- Leading European manufacturers are investing in advanced forging technologies, lightweight aluminum components, and automated machining systems to enhance durability, load-bearing efficiency, and suspension performance. Continuous expansion of EV production and premium vehicle manufacturing strengthens regional leadership
- Strong OEM networks, strict quality standards, and sustained investments in automotive R&D further reinforce Europe’s dominant position in the global Automotive Steering Knuckle market
Germany Automotive Steering Knuckle Market Insight
Germany represents the largest contributor in Europe, supported by its well-established automotive OEM ecosystem and strong presence of premium vehicle manufacturers. High demand for lightweight aluminum steering knuckles, advanced suspension systems, and EV platform components continues to drive growth. Increasing investments in electric vehicle production, autonomous driving technologies, and high-performance automotive engineering further accelerate market expansion.
France Automotive Steering Knuckle Market Insight
France contributes significantly to regional growth, driven by increasing production of passenger vehicles and expansion of EV manufacturing facilities. Growing focus on emission reduction and vehicle lightweighting is encouraging adoption of alloy-based steering knuckles. Strong supplier networks and continuous modernization of automotive production plants support steady demand.
Asia-Pacific Automotive Steering Knuckle Market
Asia-Pacific is projected to register the fastest CAGR of 9.8% from 2026 to 2033, driven by rapid vehicle production growth, expanding EV manufacturing, and rising automotive exports across China, Japan, India, and South Korea. Increasing infrastructure development, growing middle-class population, and rising demand for passenger and commercial vehicles significantly contribute to component demand. Expanding automotive manufacturing hubs and cost-effective production capabilities further accelerate steering knuckle adoption across the region.
China Automotive Steering Knuckle Market Insight
China is the largest contributor within Asia-Pacific due to its massive automotive production capacity and strong electric vehicle ecosystem. Rising demand for SUVs, EVs, and commercial vehicles drives high-volume production of steering knuckles. Government support for domestic manufacturing and expanding export activities further strengthen market growth.
Japan Automotive Steering Knuckle Market Insight
Japan demonstrates steady growth supported by advanced automotive engineering, hybrid vehicle production, and strong quality standards. Demand for precision-forged and high-strength steering components remains strong across passenger and performance vehicle segments.
India Automotive Steering Knuckle Market Insight
India is emerging as a high-growth market, driven by expanding passenger vehicle sales, infrastructure development, and government-backed automotive manufacturing initiatives. Rising EV adoption and increasing localization of automotive components further support demand growth.
South Korea Automotive Steering Knuckle Market Insight
South Korea contributes significantly due to strong vehicle exports, advanced automotive manufacturing technologies, and increasing EV production. Continuous innovation in lightweight materials and suspension systems supports sustained market expansion.
Which are the Top Companies in Automotive Steering Knuckle Market?
The automotive steering knuckle industry is primarily led by well-established companies, including:
- Beinbauer Group (Germany)
- Bharat Forge (India)
- Busche Performance Group (U.S.)
- Farinia Group (France)
- Sarvagya Lifters (India)
- TEKSID S.p.A. (Italy)
- NINGBO SAP Steering System Co., Ltd (China)
- Sakthi Auto Component Limited – Factory (India)
- Jikasu Engineering Corp (Japan)
What are the Recent Developments in Global Automotive Steering Knuckle Market?
- In November 2024, Steel Strips Wheels (SSWL) entered the competitive automotive components segment with the launch of an Aluminum Steering Knuckle for the Indian market, and the company also began commercial production at its Mehsana, Gujarat facility, strengthening its domestic manufacturing footprint and expanding its presence in lightweight automotive components
- In November 2024, Nissan announced the development of its Cantabria plant to manufacture steering knuckles and rear knuckles for the new Nissan Kicks produced in Mexico for the American market, and this initiative is expected to increase the plant’s annual capacity by 526,000 components or more than 5,700 tons of a new iron variant, enhancing production scalability and regional supply capabilities
- In June 2024, ThyssenKrupp invested USD 20 million to establish a new steering knuckle manufacturing plant in Mexico, aiming to supply advanced steering components to automotive manufacturers across North America, reinforcing its commitment to localized production and capacity expansion
- In June 2024, ZF Friedrichshafen AG introduced a lightweight aluminum steering knuckle specifically designed for electric vehicles, which is 30% lighter than traditional steel alternatives, highlighting the industry’s strategic shift toward weight reduction and improved vehicle efficiency
- In June 2024, JTEKT Corporation launched an advanced steering system incorporating an innovative steering knuckle engineered to enhance vehicle handling and overall performance, supporting the growing demand for integrated, lightweight, and high-efficiency automotive steering solutions
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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