Idler Arm Market Forecasts to 2028 – Global Analysis By Vehicle Type (Passenger Car, Light Commercial Vehicle), Material (Alloy Steel, Iron, Carbon Steel) and By Geography

Idler Arm Market Forecasts to 2028 – Global Analysis By Vehicle Type (Passenger Car, Light Commercial Vehicle), Material (Alloy Steel, Iron, Carbon Steel) and By Geography

According to Stratistics MRC, the Global Idler Arm Market is growing at a CAGR of 6.5% during the forecast period. An idler arm is a component that enhances the alignment of the vehicle. The idler arm is also known as the steering idler arm. The idler arm is utilized to join the suspension system of the wheels by installing them between the opposite sides of the center link of the pitman arm and chassis of the vehicle. The idler arms function is to deliver rotational support to the steering linkage in a commercial and passenger vehicle.

Market Dynamics:

Driver:

Rising demand for light and heavy commercial vehicles

The increased fleet of the automotive vehicle and increasing demand for light and heavy commercial vehicles are some of the significant factors driving the growth of the idler arm market. Commercial vehicles were accounted for approximately increasing consumer demand for commercial vehicles owing to increasing use of heavy commercial vehicles in the transportation sector and manufacturing industry are the factors attributing market growth across the globe.

Restraint:

The massive fluctuations in the pricing of raw material

The idler arm market is growing at an alarming rate in the global market but some factors restrain the growth of the market like the massive fluctuations in the pricing of raw material restricts the growth of the idler arm market. Also, uncertainties in the policies of the government regarding automotive sectors restrict the growth of the idler arm market.

Opportunity:

Rising production and sales of electric vehicle

Rising production and sales of electric vehicle along with introduction of greaseable automotive idler arm which will bring immense opportunities for the growth of the idler arm market in the above mentioned forecast period. Also, the increasing demand for vehicles in the global market directly provides growth opportunities for the idler arm market during the forecasted period.

Threat:

Lack of awareness

The factor that threats the growth of the idler arm market in the global market is the lack of awareness. Moreover, uncertainties in the policies of the government regarding automotive sectors restrict the growth of the idler arm market.

The passenger car segment is expected to be the largest during the forecast period

The passenger car segment is expected to be the largest share during the forecast period. Idler's arms are used on vehicles with “box steering” systems, usually trucks and rear-wheel-drive passenger vehicles. The idler arm assists the pitman arm by supporting other steering linkage components as it travels in the direction controlled by the steering gear.

Region with highest share:

Asia Pacific is projected to hold the largest share in the market owing to the presence of, India, China, and Japan. Out of all these countries, China dominates the global market in the Asia-Pacific region as this is the key manufacturing unit in this region. Also, it has been observed that the Asia-Pacific region has the largest consumption and production of vehicles.

Region with highest CAGR:

North America is projected to have the highest CAGR due to the presence of powerful countries like the U.S. and Canada. Out of these two countries, U.S. dominates the global market owing to its rising demand in volume and value along with the high growth of the e-commerce industry. Mexico region is also growing at a fast pace.

Key players in the market:

Some of the key players profiled in the Idler Arm Market include ACDelco, Chase Steering Parts Co, RareParts, Sankei Industry Co., Ltd, High Link Auto Parts Co, Ltd, Keco Auto Industries, Mevotech LP, Ningbo Motor Industrial Co., Ltd, Datta Industries, and GMB Corporation.

Key developments:

In August 2018: Siemens modernized the existing inspection system for luggage control at Madrid, Barcelona, Malaga, Palma de Mallorca and Gran Canaria Airports in Spain for around USD 175 million. The modern solution named as ‘Hi-SCAN 10080 XCT’ will help tighten the security regulations of the European Civil Aviation Conference (ECAC).

Vehicle Types Covered:
• Heavy Commercial Vehicle
• Passenger Car
• Light Commercial Vehicle

Materials Covered:
• Alloy Steel
• Iron
• Carbon Steel
• Other Materials

Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances