Idler arm Market Share
The global Idler arm Market Share is predicted to touch USD 5.4 billion at a 4.1% CAGR amid 2023- 2032, according to the
recent Market Research Future (MRFR) analysis. An idler arm is the right
component to improve the alignment of a car. It is also called steering idler
arm and is made of different materials such as carbon steel, iron, alloy steel,
and others. This offers pivoting support to the steering linkage. This is made
of a rod that pivots on the bracket bolted to the car’s frame on one end &
supports ball socket at the other end.
Various factors are propelling the global Idler arm Market Share growth. According to
the latest MRFR report, such factors include the growing preference for heavy
and light commercial vehicles, an increase in innovations and advancements with
regards to perfect handling, increasing fleet size of automotive vehicle, the
introduction of greasable automotive idler arm, and increasing production &
sales of electric cars.
On the contrary, uncertain trade policies,
volatility in raw material prices, and the impact of the COVID-19 outbreak are
some factors that may limit the global Idler arm Market Share growth over the
forecast period.
Idler arm Market Share Key Players
- Datta
Industries (India)
- Sankei
Industry Co. Ltd (Japan)
- Rare Parts
Inc. (US)
- High Link
Autoparts Co. Ltd (Taiwan)
- ACDelco (US)
- GMB
Corporation Japan (Japan)
- Ningbo Motor
Industrial Co. Ltd (China)
- Mevotech
(Canada)
- Chase
Steering Parts Co. (Taiwan)
- Emerson Forge
Pvt. Ltd (India)
Idler arm Market Share Segmentation
The MRFR report provides an inclusive segmental
analysis of the global Idler arm Market
Share based on vehicle type, sales channel, and material.
·
By material, the
global Idler arm Market Share is segmented
into carbon steel, iron, alloy steel, and others.
·
By sales channel, the
global idler market is segmented into aftermarket and OEM.
·
By vehicle type, the
global idler market is segmented into heavy commercial vehicle, light
commercial vehicle, and passenger car.
Idler arm Market Share Regional Analysis
Based on the region, the global Idler arm Market Share report covers the
recent trends and growth opportunities across the Americas, the Asia Pacific
(APAC), Europe & the Middle East and Africa (MEA). Of these, the APAC
region is predicted to dominate the market over the forecast period. The
presence of developing economies such as Indonesia, Malaysia, South Korea,
Japan, India, and China, the availability of low-cost idler arm, and the
highest consumption and production of vehicles are adding to the global Idler arm Market Share growth in the
region.
The global Idler arm Market Share in North America is
predicted to have healthy growth over the forecast period. The US holds the
maximum share in the market, followed by Mexico. The booming e-commerce
industry in Canada & the US and the demand for light commercial vehicles
are adding to the global Idler arm
Market Share growth in the region.
The global Idler arm Market Share in Europe is predicted
to have healthy growth over the forecast period. The presence of developed
infrastructure and developed nations and introduced strict government standards
for the occupant and vehicle safety are adding to the Idler arm Market Share growth in the region.
Germany, the UK, and France have the maximum share in the market.
The global Idler arm Market Share in the MEA is predicted
to have sound growth over the forecast period. Underdeveloped road
infrastructure and an increase in vehicle production are adding to the global Idler arm Market Share growth in the
region.
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