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
|
Years Covered |
2020-2028 |
|
CAGR (2021 - 2028) |
6.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
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
Table of Contents
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)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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