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(Transportation-News.com, October 30, 2021 )
Market Overview
The tie rod is a part of the steering mechanism in a vehicle. A tie rod consists of an inner and outer end. The tie rod transmits the force from the steering center link or rack gear to the steering knuckle; this will cause the wheel to turn.
The outer tie rod end connects with an adjusting sleeve, which allows the length of the tie rod to be adjustable. This adjustment is used to set a vehicle’s alignment angle.
Tie rods generally exist in pairs on each tire which enables the angling and cornering of the casing without producing too much of torque on the wheel however deep the turn may be.
Most modern vehicles use a steering system named rack and pinion that incorporates tie rods to help turn the wheels. These rods are attached on both the ends of the steering rack and with the rolling of the opinion over the slatted frame, the tie rods assist in pushing and pulling the front tires when the steering wheel turns. Thus, tie rods provide an integral function to the steering of the vehicle and therefore the overall safety of the car.
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Market Dynamics
The adoption of computer-aided engineering (CAE) and computational flow dynamics (CFD) is increasing in the automotive industry to achieve design optimization in pre-product development. This will boost the Global Automotive tie rods market innovation in the forecast period.
Tie bars could last for long years, but their longevity could be affected by certain driving conditions. Adverse road conditions, minor accidents, and driving obstacles can cause the tie bars to function incorrectly, which is the significant restraint for the automotive tie roads market globally.
Industry Segmentation
By Product Type
• Outer tie rods
• Inner tie rods
By Vehicle Type
• Passenger car
• Commercial vehicle
• Heavy-duty vehicle
By Sales Channel
• OEM
• Aftermarket
By Region
• Asia Pacific
• Europe
• North America
• South America
• Rest of the World
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Geographical Share
The Asia Pacific is anticipated to emerge as the most lucrative and the fastest growing regional market for automotive tie rods, owing to the presence of major emerging markets for automobiles such as Japan, China, South Korea, and India.
The rapidly increasing vehicle production coupled with the upward progression of the automotive industry in these countries, owing to the steady support from governments is set to steadily steer the growth of the automotive tie rod market in the Asia Pacific region during the forecast period.
The demand for automotive tie rods is more in developed countries such as the US, Canada, and Germany and developing economies such as China, India, Thailand, and Indonesia.
Manufacturers
The competitiveness in the market is due to factors such as product and service quality and availability, customer relationship, and pricing, but R&D will play a crucial role in this market in the future. Some of the major players for automotive tie roads are ZF Friedrichshafen AG (Lemforder), TRW Automotive, Federal-Mogul Motorparts, and General Motors (ACDelco).
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DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
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