Global Automotive Control Arm Market Growth 2023-2029

Global Automotive Control Arm Market Growth 2023-2029

Control arm is a piece of a vehicle's suspension, it is a hinged suspension link between the chassis and the suspension upright or hub that carries the wheel. A vehicle's suspension is a complexity of geometry and leverage. The front suspensions in most vehicles manufactured today not only steer the vehicle, but also drive the vehicle. Front-wheel drive designs rely on a control arm to counteract the engine's torque. By placing an engine torque limiter arm between the engine and the vehicle's chassis, the vehicle is able to be easily steered while applying power to the engine. Without this arm, the vehicle would be nearly impossible to steer when a driver applies power to the wheels.

LPI (LP Information)' newest research report, the “Automotive Control Arm Industry Forecast” looks at past sales and reviews total world Automotive Control Arm sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Control Arm sales for 2023 through 2029. With Automotive Control Arm sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Control Arm industry.

This Insight Report provides a comprehensive analysis of the global Automotive Control Arm landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Control Arm portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Control Arm market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Control Arm and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Control Arm.

The global Automotive Control Arm market size is projected to grow from US$ 2280.2 million in 2022 to US$ 2540.5 million in 2029; it is expected to grow at a CAGR of 2540.5 from 2023 to 2029.

Asia-Pacific is the largest producer of Automotive Control Arm, with a market share about 50%, followed by North America and Europe, etc. ZF, Magna, Hyundai Mobis, Benteler and Magneti Marelli are the top 5 manufacturers of industry, and they had about 55% combined market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Control Arm market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Stamped Steel Control Arms

Cast Iron Control Arms

Cast Aluminum Control Arms

Segmentation by application

Multi-Link Suspension

Double Wishbone Suspension

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

ZF

TRW

Magna

Yorozu

Hyundai Mobis

Magneti Marelli

Thyssenkrupp

CTE

Bharat Forge

Tower

GMB

Benteler

Martinrea

OCAP

Fetch

ACDelco

Wang Jin Machinery

Wanxiang Qianchao

ZF FAWER

Hetian Automotive

Huabang Machinery

RuiTai

FYCC

Jinjiang Machinery

Teenray

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Control Arm market?

What factors are driving Automotive Control Arm market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Control Arm market opportunities vary by end market size?

How does Automotive Control Arm break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.