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Idler Arm Market

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

4.4 (42 reviews)
Published: January 2022 ID: SMRC21319
4.4 (42 reviews)
Published: January 2022 ID: SMRC21319

This report covers the impact of COVID-19 on this global market

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 largest 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
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China        
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary       
        
2 Preface       

 2.1 Abstract      
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology      
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions     
        
3 Market Trend Analysis       
 3.1 Introduction      
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats      
 3.6 Emerging Markets      
 3.7 Impact of Covid-19      
        
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry      
        
5 Global Idler Arm Market, By Vehicle Type       
 5.1 Introduction      
 5.2 Heavy Commercial Vehicle      
 5.3 Passenger Car      
 5.4 Light Commercial Vehicle      
        
6 Global Idler Arm Market, By Material       
 6.1 Introduction      
 6.2 Alloy Steel      
 6.3 Iron      
 6.4 Carbon Steel      
 6.5 Other Materials      
        
7 Global Idler Arm Market, By Sales Channel       
 7.1 Introduction      
 7.2 Original Equipment Manufacturer (OEM)      
 7.3 Aftermarket      
        
8 Global Idler Arm Market, By Geography       
 8.1 Introduction      
 8.2 North America      
  8.2.1 US     
  8.2.2 Canada     
  8.2.3 Mexico     
 8.3 Europe      
  8.3.1 Germany     
  8.3.2 UK     
  8.3.3 Italy     
  8.3.4 France     
  8.3.5 Spain     
  8.3.6 Rest of Europe     
 8.4 Asia Pacific      
  8.4.1 Japan     
  8.4.2 China     
  8.4.3 India     
  8.4.4 Australia     
  8.4.5 New Zealand     
  8.4.6 South Korea     
  8.4.7 Rest of Asia Pacific     
 8.5 South America      
  8.5.1 Argentina     
  8.5.2 Brazil     
  8.5.3 Chile     
  8.5.4 Rest of South America     
 8.6 Middle East & Africa      
  8.6.1 Saudi Arabia     
  8.6.2 UAE     
  8.6.3 Qatar     
  8.6.4 South Africa     
  8.6.5 Rest of Middle East & Africa     
        
9 Key Developments       

 9.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 9.2 Acquisitions & Mergers      
 9.3 New Product Launch      
 9.4 Expansions       
 9.5 Other Key Strategies      
        
10 Company Profiling       
 10.1 ACDelco      
 10.2 Chase Steering Parts Co      
 10.3 RareParts      
 10.4 Sankei Industry Co., Ltd      
 10.5 High Link Auto Parts Co, Ltd      
 10.6 Keco Auto Industries      
 10.7 Mevotech LP      
 10.8 Ningbo Motor Industrial Co., Ltd      
 10.9 Datta Industries      
 10.10 GMB Corporation      


List of Tables        
1 Global Idler Arm Market Outlook, By Region (2019-2028) ($MN)       
2 Global Idler Arm Market Outlook, By Vehicle Type (2019-2028) ($MN)       
3 Global Idler Arm Market Outlook, By Heavy Commercial Vehicle (2019-2028) ($MN)       
4 Global Idler Arm Market Outlook, By Passenger Car (2019-2028) ($MN)       
5 Global Idler Arm Market Outlook, By Light Commercial Vehicle (2019-2028) ($MN)       
6 Global Idler Arm Market Outlook, By Material (2019-2028) ($MN)       
7 Global Idler Arm Market Outlook, By Alloy Steel (2019-2028) ($MN)       
8 Global Idler Arm Market Outlook, By Iron (2019-2028) ($MN)       
9 Global Idler Arm Market Outlook, By Carbon Steel (2019-2028) ($MN)       
10 Global Idler Arm Market Outlook, By Other Materials (2019-2028) ($MN)       
11 Global Idler Arm Market Outlook, By Sales Channel (2019-2028) ($MN)       
12 Global Idler Arm Market Outlook, By Original Equipment Manufacturer (OEM) (2019-2028) ($MN)       
13 Global Idler Arm Market Outlook, By Aftermarket (2019-2028) ($MN)       
14 North America Idler Arm Market Outlook, By Country (2019-2028) ($MN)       
15 North America Idler Arm Market Outlook, By Vehicle Type (2019-2028) ($MN)       
16 North America Idler Arm Market Outlook, By Heavy Commercial Vehicle (2019-2028) ($MN)       
17 North America Idler Arm Market Outlook, By Passenger Car (2019-2028) ($MN)       
18 North America Idler Arm Market Outlook, By Light Commercial Vehicle (2019-2028) ($MN)       
19 North America Idler Arm Market Outlook, By Material (2019-2028) ($MN)       
20 North America Idler Arm Market Outlook, By Alloy Steel (2019-2028) ($MN)       
21 North America Idler Arm Market Outlook, By Iron (2019-2028) ($MN)       
22 North America Idler Arm Market Outlook, By Carbon Steel (2019-2028) ($MN)       
23 North America Idler Arm Market Outlook, By Other Materials (2019-2028) ($MN)       
24 North America Idler Arm Market Outlook, By Sales Channel (2019-2028) ($MN)       
25 North America Idler Arm Market Outlook, By Original Equipment Manufacturer (OEM) (2019-2028) ($MN)       
26 North America Idler Arm Market Outlook, By Aftermarket (2019-2028) ($MN)       
27 Europe Idler Arm Market Outlook, By Country (2019-2028) ($MN)       
28 Europe Idler Arm Market Outlook, By Vehicle Type (2019-2028) ($MN)       
29 Europe Idler Arm Market Outlook, By Heavy Commercial Vehicle (2019-2028) ($MN)       
30 Europe Idler Arm Market Outlook, By Passenger Car (2019-2028) ($MN)       
31 Europe Idler Arm Market Outlook, By Light Commercial Vehicle (2019-2028) ($MN)       
32 Europe Idler Arm Market Outlook, By Material (2019-2028) ($MN)       
33 Europe Idler Arm Market Outlook, By Alloy Steel (2019-2028) ($MN)       
34 Europe Idler Arm Market Outlook, By Iron (2019-2028) ($MN)       
35 Europe Idler Arm Market Outlook, By Carbon Steel (2019-2028) ($MN)       
36 Europe Idler Arm Market Outlook, By Other Materials (2019-2028) ($MN)       
37 Europe Idler Arm Market Outlook, By Sales Channel (2019-2028) ($MN)       
38 Europe Idler Arm Market Outlook, By Original Equipment Manufacturer (OEM) (2019-2028) ($MN)        
39 Europe Idler Arm Market Outlook, By Aftermarket (2019-2028) ($MN)       
40 Asia Pacific Idler Arm Market Outlook, By Country (2019-2028) ($MN)       
41 Asia Pacific Idler Arm Market Outlook, By Vehicle Type (2019-2028) ($MN)       
42 Asia Pacific Idler Arm Market Outlook, By Heavy Commercial Vehicle (2019-2028) ($MN)       
43 Asia Pacific Idler Arm Market Outlook, By Passenger Car (2019-2028) ($MN)       
44 Asia Pacific Idler Arm Market Outlook, By Light Commercial Vehicle (2019-2028) ($MN)       
45 Asia Pacific Idler Arm Market Outlook, By Material (2019-2028) ($MN)       
46 Asia Pacific Idler Arm Market Outlook, By Alloy Steel (2019-2028) ($MN)       
47 Asia Pacific Idler Arm Market Outlook, By Iron (2019-2028) ($MN)       
48 Asia Pacific Idler Arm Market Outlook, By Carbon Steel (2019-2028) ($MN)       
49 Asia Pacific Idler Arm Market Outlook, By Other Materials (2019-2028) ($MN)       
50 Asia Pacific Idler Arm Market Outlook, By Sales Channel (2019-2028) ($MN)       
51 Asia Pacific Idler Arm Market Outlook, By Original Equipment Manufacturer (OEM) (2019-2028) ($MN)       
52 Asia Pacific Idler Arm Market Outlook, By Aftermarket (2019-2028) ($MN)       
53 South America Idler Arm Market Outlook, By Country (2019-2028) ($MN)       
54 South America Idler Arm Market Outlook, By Vehicle Type (2019-2028) ($MN)       
55 South America Idler Arm Market Outlook, By Heavy Commercial Vehicle (2019-2028) ($MN)       
56 South America Idler Arm Market Outlook, By Passenger Car (2019-2028) ($MN)       
57 South America Idler Arm Market Outlook, By Light Commercial Vehicle (2019-2028) ($MN)       
58 South America Idler Arm Market Outlook, By Material (2019-2028) ($MN)       
59 South America Idler Arm Market Outlook, By Alloy Steel (2019-2028) ($MN)       
60 South America Idler Arm Market Outlook, By Iron (2019-2028) ($MN)       
61 South America Idler Arm Market Outlook, By Carbon Steel (2019-2028) ($MN)       
62 South America Idler Arm Market Outlook, By Other Materials (2019-2028) ($MN)       
63 South America Idler Arm Market Outlook, By Sales Channel (2019-2028) ($MN)       
64 South America Idler Arm Market Outlook, By Original Equipment Manufacturer (OEM) (2019-2028) ($MN)       
65 South America Idler Arm Market Outlook, By Aftermarket (2019-2028) ($MN)       
66 Middle East & Africa Idler Arm Market Outlook, By Country (2019-2028) ($MN)       
67 Middle East & Africa Idler Arm Market Outlook, By Vehicle Type (2019-2028) ($MN)       
68 Middle East & Africa Idler Arm Market Outlook, By Heavy Commercial Vehicle (2019-2028) ($MN)       
69 Middle East & Africa Idler Arm Market Outlook, By Passenger Car (2019-2028) ($MN)       
70 Middle East & Africa Idler Arm Market Outlook, By Light Commercial Vehicle (2019-2028) ($MN)       
71 Middle East & Africa Idler Arm Market Outlook, By Material (2019-2028) ($MN)       
72 Middle East & Africa Idler Arm Market Outlook, By Alloy Steel (2019-2028) ($MN)       
73 Middle East & Africa Idler Arm Market Outlook, By Iron (2019-2028) ($MN)       
74 Middle East & Africa Idler Arm Market Outlook, By Carbon Steel (2019-2028) ($MN)       
75 Middle East & Africa Idler Arm Market Outlook, By Other Materials (2019-2028) ($MN)       
76 Middle East & Africa Idler Arm Market Outlook, By Sales Channel (2019-2028) ($MN)       
77 Middle East & Africa Idler Arm Market Outlook, By Original Equipment Manufacturer (OEM) (2019-2028) ($MN)       
78 Middle East & Africa Idler Arm Market Outlook, By Aftermarket (2019-2028) ($MN)       

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