Steering Tie Rod Market Report 2026

Steering Tie Rod Market Overview

• Steering Tie Rod market size has reached to $16.52 billion in 2025 • Expected to grow to $21.69 billion in 2030 at a compound annual growth rate (CAGR) of 5.5% • Growth Driver: Automotive Production Growth Driving Steering Tie Rod Market • Market Trend: Expansion Of Steering And Suspension Parts Meets Growing Market Demand • North America was the largest region in 2025.

What Is Covered Under Steering Tie Rod Market?

A steering tie rod is a critical component in a vehicle's steering system, connecting the steering rack to the steering knuckle on each front wheel. It transmits force from the steering rack to the wheel, allowing the vehicle to turn and maintain directional control. The proper functioning of tie rods is essential for vehicle stability and safe handling. The main position types of steering tie rods are inner tie rods and outer tie rods. Inner tie rods are components of the steering system in a vehicle that connect the steering rack to the outer tie rods. The material used is carbon steel and stainless steel, and the vehicle types are passenger cars, light commercial vehicles, and heavy commercial vehicles. It is distributed by various sales channels, such as original equipment manufacturer (OEM) and aftermarket.

What Is The Steering Tie Rod Market Growth Forecast?

The steering tie rod market size is expected to see strong growth in the next few years. It will grow to $21.69 billion in 2030 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing electrification of steering systems, rising demand for precision steering components, expansion of autonomous vehicle platforms, growing focus on extended component lifespan, increasing integration of advanced suspension systems. Major trends in the forecast period include increasing adoption of advanced steering systems, rising demand for lightweight tie rod materials, growing focus on vehicle safety and stability, expansion of aftermarket replacement demand, improved durability and corrosion resistance.

Global Steering Tie Rod Market Segmentation

1) By Position: Inner Tie Rods, Outer Tie Rods 2) By Material: Carbon Steel, Stainless Steel 3) By Vehicle Type: Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle 4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket Subsegments: 1) By Inner Tie Rods: Standard Inner Tie Rods, Heavy-Duty Inner Tie Rods 2) By Outer Tie Rods: Standard Outer Tie Rods, Heavy-Duty Outer Tie Rods

What Is The Driver Of The Steering Tie Rod Market?

Increasing automotive production is expected to propel the growth of the steering tie rod market going forward. Automotive production refers to the process of manufacturing vehicles, including cars, trucks, and other automobiles, from raw materials to finished products ready for sale. The increasing automotive production is driven by growing global demand for vehicles, advancements in technology, and expanding markets. Steering tie rods are essential components used in automotive production to connect the steering rack to the steering knuckle, allowing for controlled steering of the vehicle. For instance, in September 2024, according to the Japan Automobile Manufacturers Association, a Japan-based non-profit industry association, in 2023 worldwide motor vehicle production (excluding motorcycles) increased 10.3% from the previous year to a total of 93.55 million units. Therefore, increasing automotive production is driving the growth of the steering tie rod industry.

What Is The Driver Of The Steering Tie Rod Market?

Increasing automotive production is expected to propel the growth of the steering tie rod market going forward. Automotive production refers to the process of manufacturing vehicles, including cars, trucks, and other automobiles, from raw materials to finished products ready for sale. The increasing automotive production is driven by growing global demand for vehicles, advancements in technology, and expanding markets. Steering tie rods are essential components used in automotive production to connect the steering rack to the steering knuckle, allowing for controlled steering of the vehicle. For instance, in September 2024, according to the Japan Automobile Manufacturers Association, a Japan-based non-profit industry association, in 2023 worldwide motor vehicle production (excluding motorcycles) increased 10.3% from the previous year to a total of 93.55 million units. Therefore, increasing automotive production is driving the growth of the steering tie rod industry.

Global Steering Tie Rod Market Trends and Insights

Major companies operating in the steering tie rod market are focused on developing significant expansion of products, such as steering and suspension parts, to enhance product coverage, safety, and durability while meeting the growing demand for high-quality steering and suspension parts. For instance, in June 2024, DRiV Incorporated, a US-based automotive parts supplier, announced a significant expansion of its Monroe Steering and Suspension range with 750 new part numbers, increasing coverage by 20% and reinforcing the brand’s commitment to safety, durability, and reducing comebacks. This expansion introduces new parts for popular late-model vehicles and enhances product quality with advanced materials, anti-corrosion coatings, and stringent testing to meet original equipment standards.

What Are Latest Mergers And Acquisitions In The Steering Tie Rod Market?

In July 2024, TorQuest Partners, a Canada-based private equity firm, acquired Mevotech L.P. for an undisclosed amount. Through this acquisition, TorQuest aims to support the next phase of growth for Mevotech, a North American leader in the engineering and design of driveline, steering, and suspension parts for the automotive aftermarket, known for its durable and high-performance products. Mevotech L.P. is a Canada-based automotive company specializing in the engineering and design of driveline, steering, and suspension parts for the automotive aftermarket.

Regional Outlook

North America was the largest region in the steering tie rod market in 2025. The regions covered in this market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Steering Tie Rod Market?

The steering tie rod market consists of sales of adjustable tie rods, non-adjustable tie rods, and ball-joint tie rod ends. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Steering Tie Rod Market Report 2026?

The steering tie rod market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the steering tie rod industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.