Automotive Steering Knuckle Market Trends

Automotive Steering Knuckle Market Trends

Technological innovations, such as ADAS, autonomous driving technologies, and zonal electrical architecture, are changing vehicle design. Steering knuckles are crucial to these innovations because they must support various systems, such as sensors, suspension systems, and brake. With the integration of ADAS, the need for precise, durable, and lightweight steering knuckles is growing. Modern systems' complexity and the focus on safety and driver control mean steering knuckles must be stronger and more resilient to handle higher stress.
 

Stricter safety standards and regulations, especially in Europe and North America, are increasing the demand for better steering knuckles. Regulations around crash safety, pedestrian protection, and collision avoidance require components such as steering knuckles to be strong and precisely made. The integration of active safety features into vehicles such as lane-keeping assist and automatic braking, increases the pressure on steering knuckles to perform well under stress. As safety regulations become tougher, manufacturers must produce steering knuckles that can withstand higher levels of force and meet more rigorous testing standards.
 

Aftermarket providers are emphasizing on enhancing the customer experience through launch of e-commerce websites. For instance, in May 2024, Select Automotive, a UK-based supplier of automotive components to the vehicle aftermarket sector launched SteeringKnuckle.co.uk, a retail e-commerce website focused on offering a selection from company’s steering knuckle range. The website is designed to be user friendly allowing customers to identify the correct parts and checkout using a range of convenient payment methods. Currently, it features parts for Audi, Ford, Seat, VW and Skoda with plans to add more brands.
 

Raw materials such as aluminum, steel, and magnesium are essential for making automotive steering knuckles. Disruptions in the global supply chain, geopolitical issues, and natural disasters can cause these material prices to fluctuate, raising production costs for manufacturers. For instance, during the pandemic, supply chain issues increased material costs and delayed parts delivery, making it hard for manufacturers to meet demand on time. This unpredictability is a major challenge, especially for smaller manufacturers who lack have the financial flexibility to handle the increase in costs.