DUBLIN--(BUSINESS WIRE)--The "Global Automotive Tie Rod Assembly Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.
Global automotive tie rod assembly market to grow at a CAGR of 3.89% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is application of lightweight materials. The current trend in automotive innovation is toward lightweight design. Lightweight automotive designs are developed by replacing the existing materials with more advanced aluminum, magnesium, plastic, or composite materials, applying manufacturing technology or adopting optimization techniques. The main benefits of lower weight design are that they require low energy as compared with conventional materials.
One driver in the market is rising infrastructure demand in APAC. The rapidly growing economies in APAC have led to a significant boom in the infrastructure sector. India, the Philippines, and China are expected to boost Asia's spending on infrastructure development and capital projects in future. The Asian market has benefited from trends such as foreign direct investment, rapid technological progress, and open markets for trade in goods and services. The continent's growth has also been built upon the foundation of prevailing peace, security, and stability offered by the countries. While distinct from each other, these four trends are all closely interrelated for the development of Asian market.
Further, the report states that one challenge in the market is declining profit margins.
- ZF Friedrichshafen
- Sankei Industry
Other Prominent Vendors
- Crown Automotive Sales
- FAI Automotive
- Honssion Auto Chassis System (Zhejiang)
- K.D.K. Forging Company
- Patmax Union Corporation
- Powers & Sons
- Rare Parts
- Taizhou Terrill Auto Parts Manufacturing
- Zhejiang Jiayuan Machinery Manufacturing
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation by Application
Part 07: Regional Landscape
Part 08: Decision Framework
Part 09: Drivers and Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/tvrt34/global_automotive?w=4