Global Idler Arm Market, By Material (Alloy Steel, Iron, Carbon Steel, Others), Sales Channel (OEM, Aftermarket), Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029.
Market Analysis and Insights of Idler Arm Market
Idler arm market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 3.20% in the above-mentioned forecast period.
An idler arm (also referred as steering idler arm) is basically a component that improves the alignment of the vehicle. The idler arm connects the wheels' suspension systems by being installed between the opposite sides of the pitman arm's center link and the vehicle's chassis. In a commercial or passenger vehicle, the idler arm's job is to provide rotational support to the steering linkage.
The factors such as the increasing preferences towards light and heavy commercial vehicles ad growing number of advancements and innovations in terms of perfect handling has resulted in growth in the market value in the forecast period of 2022 to 2029. Additionally, the rising fleet size of the automotive vehicle and increase in the fleet of the automotive industry is estimated to accelerate market’s growth in the above-mentioned forecast period. The increase in the advancement of technology and innovations in the automobile sectors also cushions the market’s growth within the forecasted period. However, the volatility in prices of raw material will further restrict the scope of growth for the market in the forecast period of 2022 to 2029.
Furthermore, the rising production and sales of electric vehicle along with introduction of greaseable automotive idler arm will further offer a variety of growth opportunities for the market in the forecast period of 2022 to 2029. On the other hand, the uncertain trade policies is projected to pose as a major challenge to the market growth rate.
This idler arm market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on idler arm market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Idler Arm Market Scope and Market Size
The idler arm market is segmented on the basis of material, sales channel and vehicle type. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- The idler arm market on the basis of material has been segmented as alloy steel, iron, carbon steel, and others.
- On the basis of sales channel, the idler arm market has been segmented into OEM, and aftermarket.
- The idler arm has also been segmented on the basis of vehicle type into passenger car, light commercial vehicle, and heavy commercial vehicle.
Idler Arm Market Country Level Analysis
The idler arm market is segmented on the basis of material, sales channel and vehicle type.
The countries covered in the idler arm market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the idler arm market and will continue to flourish its trend of dominance during the forecast period due to the large automotive vehicle fleet along with adoption of pollution emission standard will increase the demand of hybrid and electric vehicle which is expected to drive the market growth in the region within the forecast period of 2022 to 2029. Asia-Pacific region is set to witness unprecedented growth during the forecast period and will project the highest compound annual growth (CAGR) rate. This is because of the rising production of vehicle such as electric and conventional vehicles in this region in the above-mentioned forecast period.
The country section of the idler arm market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Idler Arm Market Share Analysis
The idler arm market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to idler arm market.
Some of the major players operating in the idler arm market report are General Motors, SANKEI INDUSTRY Co., Ltd, High Link Autoparts Co., Ltd, GMB Corporation Japan., Datta Industries., Rare Parts Inc., Emerson Forge Pvt. Ltd., Mevotech, Bosch Limited, thyssenkrupp AG, MAHLE GmbH, VALEO, Hanon Systems, BorgWarner Inc., GENTHERM, Schaeffler, MODINE MANUFACTURING COMPANY, Boyd Corporation., and Ningbo Motor Industrial Co., Ltd., among others.
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