Us Tie Rod End Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Tie Rod End Market was valued at USD 4.5 Billion in 2022 and is projected to reach USD 6.8 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The U.S. Tie Rod End Market has experienced significant growth in recent years, driven by the automotive industry's expansion and the increasing demand for vehicle safety and performance components. Tie rod ends are crucial components in steering systems, connecting the steering rack to the wheels and ensuring precise vehicle control. Their importance in vehicle safety and handling has led to a robust market presence in the United States.
In 2022, the U.S. witnessed a substantial increase in tie rod end imports, with 2,150 shipments weighing 50,300 tons. This surge indicates a growing demand for these components, reflecting the automotive sector's expansion and the need for high-quality steering parts. The majority of these imports were Full Container Load (FCL) shipments, accounting for 98.7% of the total imports, highlighting the scale of demand in the U.S. market.
China emerged as the leading exporter of tie rod ends to the U.S., supplying a significant portion of the imported components. This trend underscores China's pivotal role in the global automotive parts supply chain and its capacity to meet the U.S. market's requirements for steering components.
The U.S. tie rod end market is characterized by a diverse range of manufacturers and suppliers, including both domestic producers and international companies. This competitive landscape fosters innovation and ensures a steady supply of high-quality components to meet the automotive industry's evolving needs.
Looking ahead, the market is expected to continue its upward trajectory, driven by advancements in automotive technology, increased vehicle production, and a heightened focus on vehicle safety and performance. The integration of electric and autonomous vehicles is anticipated to further influence the demand for tie rod ends, as these vehicles require precise steering mechanisms to ensure optimal performance and safety.
In summary, the U.S. Tie Rod End Market is poised for sustained growth, supported by a robust automotive industry, strategic international trade partnerships, and ongoing technological advancements in vehicle design and manufacturing.
Get an In-Depth Research Analysis of the Global Tie Rod End Market Size And Forecast [2025-2032]
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Crown Automotive
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AutoZone
KDK Forging
Mando Corporation
MAS Industries
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Sankei
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Tie Rod End Market
Passenger Vehicles
Commercial Vehicles
Heavy-Duty Trucks
Off-Road Vehicles
Steel Tie Rod Ends
Aluminum Tie Rod Ends
Plastic Composite Tie Rod Ends
Others (e.g., Titanium)
OEM (Original Equipment Manufacturer)
Aftermarket
Online Retailers
Physical Auto Parts Stores
Steering Systems
Suspension Systems
Performance Upgrades
Heavy Machinery
Individual Consumers
Fleet Operators
Automotive Repair Shops
Vehicle Manufacturers
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Tie Rod End Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Tie Rod End Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Tie Rod End Market, By Type
6. Global Tie Rod End Market, By Application
7. Global Tie Rod End Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Tie Rod End Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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