What Fueled The Previous Growth In The Automotive Idler Arm Market?
The automotive idler arm market has seen considerable growth due to a variety of factors.
• The market for automotive idler arms has seen consistent expansion over the past few years. The market, which was valued at $4.8 billion in 2024, is projected to increase to $4.95 billion in 2025, growing at a compound annual growth rate (CAGR) of 3.2%.
The growth observed in the historical period can be linked to the rise in automotive production, stricter safety regulations, an increase in commercial vehicle fleets, and consumer inclination towards comfort.
How Does the Forecast Look for the Automotive Idler Arm Market?
The automotive idler arm market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are set for a consistent expansion in the automotive idler arm market, with predictions pointing towards a growth to $5.8 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 4.0%.
Factors contributing to this expected growth in the upcoming years include an emphasis on utilizing lightweight materials, the rise in electric and hybrid vehicle usage, worldwide regulatory initiatives, advancements in autonomous vehicles, urbanization, and improvements in last-mile delivery. Notable trends for the forecast period encompass the incorporation of smart technologies, customizations tailored for autonomous vehicles, integration into advanced suspension systems, strategic alliances in car manufacturing, and progressive innovations in automotive structure.
What Are The Leading Drivers Of Growth In The Automotive Idler Arm Market?
The automotive idler arm market is anticipated to experience significant growth due to increasing consumption of lightweight and heavy vehicles. These categories of vehicles, often used synonymously with the term vehicular classes, denote a variety of motorized transportation means. They are distinguished by their specific usage, size, and cargo capacity, serving as the foundation for custom regulations, infrastructure, and utilization metrics in the realm of transportation and mobility. Automotive idler arms, fundamental to ensuring proper steering alignment and stability, are extensively used in both lightweight and heavy vehicles. These components play a crucial part in providing optimal handling and ride comfort, and robust steering features to withstand intricate operations. For instance, a report by the Federal Reserve Bank of St. Louis in July 2023 indicated that sales of lightweight vehicles escalated from 12.57 million units in May 2022 to 15.73 million units in July 2023. Thus, the escalating demand for lightweight and heavy vehicles is projected to stimulate the growth of the automotive idler arm market. The emphasis on improving ride safety is another factor contributing to the growth of the automotive idler arm market. This focus is based on the crucial necessity of ensuring the safety and comfort of vehicle passengers which motivates the invention of innovative technologies and components within the automotive sector, including the automotive idler arm market. Idler arms play a vital role in upholding correct alignment, stability, and control over the vehicle, facilitating smoother, safer driving. For instance, a survey by PAVE (Partners for Automated Vehicle Education) and AEye Inc., conducted in November 2022, revealed that 40% of the 1,095 surveyed adults prioritized improving road and highway safety over enhancing commutes or promoting sustainable transportation. Likewise, nearly 58% of respondents ranked pedestrian and crosswalk safety as their top concern. The study also found nearly 78% of participants believed that technology plays an important or somewhat important role in addressing driving safety issues. Thus, the increased focus on ride safety is boosting the growth of the automotive idler arm market.
How Are The Segments Defined Within The Global Automotive Idler Arm Market?
The automotive idler arm market covered in this report is segmented –
1) By Type: Alloy Steel, Iron, Carbon Steel, Stainless Steel, Aluminum
2) By Product Type: Standard, Adjustable, Performance
3) By Vehicle Type: Conventional, Electric, Hybrid
4) By Sales Channel: Original Equipment Manufacturer (OEM), After market
5) By Application: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles
Subsegments:
1) By Alloy Steel: High-Strength Alloy Steel, Low-Alloy Steel
2) By Iron: Cast Iron Idler Arms, Ductile Iron Idler Arms
3) By Carbon Steel: Mild Carbon Steel, High Carbon Steel
4) By Stainless Steel: Austenitic Stainless Steel, Ferritic Stainless Steel
5) By Aluminum: Cast Aluminum, Extruded Aluminum
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Who Are the Key Players In The Automotive Idler Arm Market?
Major companies operating in the automotive idler arm market report are:
• Denso Corporation
• Continental AG
• Lear Corporation
• Tenneco Inc.
• BorgWarner Inc.
• Federal-Mogul Motorparts LLC
• Dorman Products Inc.
• GMB Corporation Japan
• Auto Parts International Inc.
• Skyward Automotive
• Mevotech LP
• Sankei Industries Co. Ltd.
• ZF LEMFORDER Corp.
• Detroit Axle
• Emerson Forge Pvt. Ltd.
• Ferdinand Bilstein GmbH + Co.KG
• Changzhou JLD Auto Parts Co. Ltd.
• Rare Parts Inc.
• ACDelco
• Ningbo Motor Industrial Co. Ltd.
• Guangzhou Lingyue Auto Parts Co. Ltd.
• TRQ Auto Parts
• High Link Auto Parts Co. Ltd.
• Datta Industries Pvt. Ltd.
• Chase Steering Parts Co.
• Taizhou Dongna Mechanical & Electrical Co Ltd.
What Is The Most Dominant Region In The Automotive Idler Arm Market?
North America was the largest region in the automotive idler arm market in 2024. The regions covered in the automotive idler arm market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
