Global Suspension Arm Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Suspension Arm Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

In automotive suspension, a control arm, also known as an A-arm, is a hinged suspension link between the chassis and the suspension upright or hub that carries the wheel. The inboard (chassis) end of a control arm is attached by a single pivot, usually a rubber bushing.

Market Overview:

The latest research study on the global Suspension Arm market finds that the global Suspension Arm market reached a value of USD 3265.94 million in 2022. It’s expected that the market will achieve USD 4037.0 million by 2028, exhibiting a CAGR of 3.6% during the forecast period.

The Continuous Improved Quality of The Suspension Arm

The rising OEMs and aftermarket tie-ups with the advancement in technology and substantial investment by automotive manufacturers will boost the global automotive control arms market in the forecast period. Automotive control arms help in improving comfort level for passengers and are crucial parts of the steering system and suspension system in vehicles. Aftermarket vendors take considerable efforts for maintaining the material quality as well as the structure of the automotive control arms. These efforts are likely to pave remunerative opportunities for automotive control arms sales in the aftermarket. Under different road conditions, the load of the control arm is very different, requiring it to have sufficient rigidity, strength and good dynamic characteristics under different road conditions. The advancement manufacturing industries have enabled players to use newly invented materials such as alloys of steel and aluminum that makes the automotive control arms stronger and durable under extreme conditions. Therefore, the continuous improved quality of the suspension arm also promises to promote the industry market.
In addition to that, the growth of technology and automation in the manufacturing and supply of vehicles has further increased automotive suspension arms attractiveness among the customers and industries.

High Cost

The high initial investments and lack of flexibility are stifling the growth of automotive control arms market. Moreover, the maintenance and replacing the damaged part of the automotive control arms may also involve high expenditure. The better the types and characteristics of the materials that are used in suspension arms, the higher the cost. Many manufacturers focus on the cost part and they may have an intention to reduce it. A complete supply chain is always a way for the manufacturers to reduce the costs. This is a now a trend in the industry, and is a cause for M&A. Therefore, small companies, while want to provide high quality product for customers to gain better market share, may find they are struggling surviving this market.
Therefore, the high cost of initial investment such as manufacturing, distribution or research facilities and the maintenance are impeding the expansion of the automotive control arms market.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia Pacific (39.87% in 2022).

Company Overview:

ZF is one of the major players operating in the Suspension Arm market, holding a share of 6.68% in 2023.

ZF

ZF is a global technology company and supplies systems for passenger cars, commercial vehicles and industrial technology, enabling the next generation of mobility. In the four technology domains Vehicle Motion Control, Integrated Safety, Automated Driving, and Electric Mobility, ZF offers comprehensive solutions for established vehicle manufacturers and newly emerging transport and mobility service providers.

Magna International Inc.

Magna International Inc. is a mobility technology company. The Company’s segments include Body Exteriors & Structures, Power & Vision, Seating System and Complete Vehicles. Its product capabilities include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mirrors & lighting, mechatronics and roof systems.

Segmentation Overview:

As for product types, the Iron segment held the largest market share in 2022.

Stamped Steel

Steel has been the main material for control arms in the history of vehicles. The stamped steel control arms cost less to manufacture. That means they can be mass-produced, and one of the reasons for their low price on the market. Steel control arms are inexpensive, a reason for a car owner to prefer them when replacing a bad one. Steel flexes under stress, which is an advantage when used for a suspension part. It means fewer cases of breakage or cracking of the control arm when off-roading or driving with heavy loads. Steel control arms are also strong enough to be used on the average car.
A major disadvantage of steel control arms is their inability to resist rusting. With these components hanging low and exposed to wet conditions and salts, rust is almost inevitable when steel used to make them. That would mean reduced lifespan. In a rusted condition, the ball joint and bushings would present a challenge to remove.

Iron

Iron is a popular material for the control arms used in most modern vehicles. This material offers several benefits. It is sturdy, which makes iron control arms suitable for conditions where a lot of weight has to be supported. That makes cast iron control arms the most used in trucks and SUVs. These types of control arms can withstand several other environments and driving conditions to give the component a longer life. Compared to steel, iron control arms are lighter. That means enhanced steering or vehicle handling.

Aluminum

Aluminum control arms offer several advantages. Aluminum is lightweight. For the components that connect to the steering system of a vehicle, too much weight affects handling characteristics. Aluminum control arms help to reduce weight, which results in easier steering. Aluminum control arms are corrosion-resistant, which means a longer lifespan even when the components are subjected to extremely wet conditions.
A disadvantage of using aluminum is its reduced ability to flex under pressure. While control arms made from steel will bend if exposed to stress or impact, aluminum control arms would crack or break. Another disadvantage of aluminum is its soft nature that would cause accelerated wear, especially at the ball joint end.

Application Overview:

The market's largest segment by application is the segment MacPherson Strut Suspension, with a market share of 71.1% in 2022.

Multi-Link Suspension

A multi-link suspension is a type of vehicle suspension design typically used in independent suspensions, using three or more lateral arms, and one or more longitudinal arms. These arms do not have to be of equal length, and may be angled away from their obvious direction.

Double Wishbone Suspension

A double wishbone suspension is an independent suspension design that allows each wheel to act and react independently from the others. It achieves this thanks to two wishbone-shaped arms (also known as control arms or double A-arms) that are located between the knuckle on the wheel assembly and the car's chassis.

MacPherson Strut Suspension

The MacPherson strut is a type of automotive suspension system that uses the top of a telescopic damper as the upper steering pivot. It is widely used in the front suspension of modern vehicles.

Key Companies in the global Suspension Arm market covered in Chapter 3:

Wang Jin Machinery
GESTAMP AUTOMOCION SA
Magna International Inc.
THK RHYTHM
Saint Jean Industries
Yorozu
Multimatic Inc.
Delphi Automotive
Schaeffler AG
DURA Automotive Systems
Sidem
Bharat Forge
Futaba Industrial Co. Ltd.
Benteler
RTS
ACDelco
Martinrea
GMB Corporation
SANKEI Industry
ZF
Magneti Marelli

In Chapter 4 and Chapter 14.2, on the basis of types, the Suspension Arm market from 2018 to 2029 is primarily split into:

Stamped Steel
Iron
Aluminum

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Suspension Arm market from 2018 to 2029 covers:

Multi-Link Suspension
Double Wishbone Suspension
MacPherson Strut Suspension
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)