The automotive idler arm market is likely to record a promising CAGR 4.4% during the forecast period.
| Attributes | Details |
| CAGR (2022-2032) | 4.4% |
The automotive idler arm is generally used in the conventional suspension system that holds the vehicle chassis to its wheels. It is also used with steering systems and suspension for various vehicles like light commercial vehicles and rear-wheel-drive vehicles. This helps in the growth of demand for automotive idler arms.
Another usage of it is the rotating support system between the steering and the vehicle, supporting the end of the steering linkage on the passenger's side in an automotive vehicle. This pushes the sales of automotive idler arms.
The increasing urbanization, industrialization, and increasing demand for the private commute due to the expansion of the working population are anticipated to drive demand for automotive idler arm market.
The aftermarket of the automotive idler arm has protruding share because of the increasing fleet of the automotive vehicle in the global market. This booms the sales of automotive idler arm as it has a good resale value.
The infrastructure development in the global market is likely to anticipate the demand for heavy and light commercial vehicles, which might propel the demand for automotive idler arms.
The rising concern about pollution, crude oil prices, and regulation on emission standards are likely to influence the demand for electric vehicles, which probably drives the automotive idler market globally.
The government investment in public roadways and transport is estimated to drive the automotive idler arm market demand. The innovation in the automotive idler arm, such as ensuring grip and perfect handling, is likely to boost demand globally.
The rising goods and logistics transport industry might propel the demand for the automotive idler arm market globally since the automotive idler arm has a long life cycle, which might restraint the market globally.
The new greaseable automotive idler arm, which does not require periodic maintenance or oiling, is expected to drive global demand. Furthermore, the trend of vintage and classic cars are likely to influence the demand for the automotive idler arm market.
The growing automotive production, as well as the sales in the Asia Pacific region, is projected to inflate the demand of automotive idler arm market over the forthcoming years.
North America is expected to hold a prominent share in the automotive idler arm market because of the large automotive vehicle fleet in the region. The rising concern about pollution and the emission standard in the European countries is likely to propel the demand for electric and hybrid vehicles, which is estimated to indirectly drive the sales of automotive idler arms in new markets.
The regulatory body's regulation on the prolonged running vehicle is expected to drive the demand for the automotive idler market globally.
The key players of the automotive idler arm market are focusing on enhancing and adopting strategies like mergers, novel product launches and acquisitions to foster business. This is driving the sales of automotive idler arms.
Key players in automotive idler arm market include Sankei Industry Co Ltd, High Link Autoparts Co Ltd, GMB Corporation, DITA, Datta Industries, Rare Parts Inc, Emerson Forge Pvt. Ltd, Mevotech Ningbo Motor Industrial Co Ltd and Chase Steering Parts Co.
| Report Attribute | Details |
| Growth Rate | CAGR of 4.4% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 - 2020 |
| Forecast period | 2022 - 2032 |
| Quantitative units | Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments covered | Vehicle Type, Material Type, Sales Channel, Region |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand |
| Country scope | U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa |
| Key companies profiled | Sankei Industry Co ltd, High link Autoparts co ltd, GMB Corporation, DITA, Datta Industries, Rare parts Inc, Emerson Forge Pvt Ltd, Mevotech, Ningbo Motor Industrial Co Ltd and Chase Steering Parts Co |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
North America is the biggest segment in the automotive idler arm market and is expected to hold a big portion of the market in the forecast period. This leads to the high demand for automotive idler arms in developed countries.
Key competitors holding substantial automotive idler arm market share include Sankei Industry Co Ltd, High Link Autoparts Co ltd, GMB Corporation, DITA, Datta Industries, Rare Parts Inc, Emerson Forge Pvt. Ltd, Mevotech Ningbo Motor Industrial Co Ltd and Chase Steering Parts Co.
Demand for Automotive idler arm is likely to rise with the increased sales of automotive vehicles and their maintenance units opening up. That is going to increase the sales of automotive idler arm.
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Automotive Idler Arm Market
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