Automotive Steering Knuckle Market Analysis

Automotive Steering Knuckle Market Analysis

To get key market trends

  Download Free Sample

Based on vehicle, the market is divided into passenger cars, commercial vehicles and off-road vehicles. In 2024, the passenger cars segment held a market share of over 65% and is expected to cross USD 6 billion by 2034. As consumers prefer more fuel-efficient and eco-friendly vehicles, passenger cars are being designed with lightweight components, driving demand for lighter steering knuckles. The trend is especially strong in EVs, which require lightweight parts to extend battery life and improve range.
 

Additionally, advancements in autonomous driving and ADAS, passenger cars are leading to more sophisticated safety features in cars. This increases the need for high-performance steering knuckles to support various safety features including collision detection, lane-keeping assist, and active suspension systems.
 

Based on material, the automotive steering knuckle market is categorized into cast iron, steel, aluminum, and others. The cast iron segment held a market share of around 40% in 2024. Cast iron remains a popular material for steering knuckles due to its cost-effectiveness and durability under high stress. It offers the strength needed for heavier vehicles such as trucks, making it widely used in commercial vehicles and high-performance applications.
 

Furthermore, cast iron is also easy to manufacture and is readily available, making it a reliable choice for automakers looking for efficient, cost-effective mass production. Its use in steering knuckles is especially significant in regions such as North America and Europe, where it is a standard for various vehicle types.
 

Asia Pacific automotive steering knuckle market accounted for 40% of the revenue share in 2024. Asia Pacific, especially countries such as India, South Korea, and Japan are witnessing growth in vehicle production and sales. This growth is increasing the demand for steering knuckle due to higher domestic use and exports. Governments in China and India are offering tax rebates, subsidies, and investing in infrastructure to promote EV adoption.
 

As EV production grows, manufacturers need lightweight and efficient steering knuckles made from aluminum or magnesium to improve vehicle efficiency and battery range. China, the largest market for EVs, is rapidly shifting to electric vehicles, boosting the demand for lightweight steering knuckles. Chinese automakers are focusing on reducing vehicle weight to enhance energy efficiency and battery range, supported by China's efforts to cut carbon emissions.
 

European countries are enforcing strict emission standards, pushing automakers to create more efficient vehicles. To meet these regulations, automakers are using lightweight steering knuckles made from aluminium or high-strength steel to reduce vehicle weight and improve fuel efficiency. Europe is also moving towards electric mobility, with many countries aiming to be carbon-neutral by 2050. This shift to EVs increases the need for lightweight, energy-efficient components such as steering knuckles to improve vehicle range and battery life.
 

In North America, the demand for pickup trucks and SUVs is growing. These larger vehicles need strong steering knuckles made from cast iron or high-strength steel for better handling and support. Furthermmore, the region also has presence of older vehicles still in use, leading to a steady demand for replacement parts, including steering knuckles. As these vehicles age, parts including the steering knuckle need to be replaced for maintenance and safety, driving demand in the automotive aftermarket sector, especially for light trucks and sedans.