North American Steering System Hard Parts Aftermarket Experiences Modest -

North American Steering System Hard Parts Aftermarket Experiences Modest

Modest growth is credited to the introduction of new vehicles with variable chassis features.

Palo Alto, CA – February 25, 2008 – The North American steering system hard parts aftermarket continues to demonstrate modest growth due to the introduction of new vehicles with variable chassis features.

Since steering parts perform multiple functions throughout a vehicle, the rise in the
total number of steering parts exceeds the increase in the number of vehicle models. This factor contributes significantly to the aftermarket’s growth, as distributors must now stock more parts to meet demand.

New analysis from Frost & Sullivan, North American Steering System Hard Parts Aftermarket, finds that the market earned revenues of $387.5 million in 2006 and estimates this to reach 416.1 million in 2013.

“Light trucks using recirculating-ball steering gears drive the sales of conventional steering parts,” notes Frost & Sullivan Industry Manager Avijit Ghosh. “Tie rods installed in new vehicle models are expected to ensure the growth of the aftermarket in the medium to long term.”

With regard to the product segments, ball joints and tie rods represent the  two largest segments of the steering system hard parts aftermarket. Despite  early equal unit shipment sizes, ball joints hold a higher share of total
revenues due to their higher cost. The unit shipment and revenue shares for  both segments will likely gradually increase over the forecast period as a result of declines in the idler/pitman arm and center/drag link market

However, premium lines will gradually lose market share to economy line products. This loss stems from the low labor costs in Asian countries that enable manufacturers to inexpensively produce the most popular and fastest
moving part numbers for resale in the North American aftermarket. Given the minimal difference in quality between North American premium parts and imported economy-line parts, the aftermarket is less willing to pay the
higher price for steering components manufactured in North America.

“Furthermore, original equipment (OE) steering parts have consistently improved in durability and reliability over the past few years,” says Ghosh. “This has lowered replacement rates, thereby resulting in lower
aftermarket unit shipment demand.”

North American manufacturers need to start actively supplying economy line  products to mitigate the competition from Asian products. Manufacturers  that offer a full line of chassis parts will have a better opportunity to  sell products to large customers that have grown from consolidation.

Success in this market requires comprehensive market coverage and supplying through key traditional and retail customers.

For more information about Frost & Sullivan, visit

You May Also Like

AAPEX Accepting Student Program Applications

AAPEX is offering two options for students to attend this year’s event.

AAPEX is dedicated to bringing the best talent to the automotive aftermarket industry, and as part of this initiative, is offering two options for students to attend this year’s event, as well as an opportunity for aftermarket companies to get involved in the program. 

The first option is the Student Sponsorship Program that invites students to apply to attend AAPEX for first-hand industry experience and networking opportunities. Students selected for participation will receive two days of learning, including access to all AAPEX training and general education sessions, as well as hosted functions. Participants will receive complimentary AAPEX registration, reception tickets, a three-night hotel stay in Las Vegas, and a food and transportation stipend. To apply, visit the Student Sponsorship Program. Applications are due by Thursday, Aug. 24. 

ASE Education Foundation Congratulates SkillsUSA Winners

Students from ASE-accredited programs were among the winners at the SkillsUSA competition last month in Atlanta, Georgia.

Mitchell 1 Names 2023 Educator of the Year

Ryan Washington, instructor at Community College of Baltimore County in Hunt Valley, Maryland, earned this distinction.

Standard Motor Products Continues Growth of VVT Program

Recently released Standard variable valve timing (VVT) sprockets are now available for another 8.8 million vehicles.

Hunter Engineering Partners with Lincoln Tech

New collaboration offers training for local techs and student career opportunities, including ADAS.

Other Posts

Celebrate Summer with Federated Facebook Contest

Federated will announce four lucky winners of a $50 gift card on each Friday in July and one grand prize winner of a $500 gift card on Aug. 4.

ASCEF Awards Scholarships to 28 Aspiring Automotive Students

The board of trustees awarded 34 scholarships to 28 students for a total of $18,000.

SMP Releases 156 New Part Numbers in June

This latest release provides new coverage in 61 different product categories.

ASE to Sponsor U.S. Auto Tech National Championship

The qualifying round ends on July 31, 2023.