Press release
Center And Drag Link Market Size, Share & Trends Analysis Report By Product Type (Light-Duty, Medium-Duty And Heavy-Duty Vehicles), By GVW And Segment Forecasts, 2017 To 2033
Global Center And Drag Link Market
In contrast to the centre link, which is connected to an idler arm, the centre link is used to transmit motion from inner tie rods to pitman arms on both sides of a vehicle. Centre link enables the driver to turn the front wheels in the desired direction while driving. The steering wheel's centre and drag link work as a unit to support the alignment of the front wheel and front axle.
The development of stock keeping units (SKUs) with the goal of expanding the coverage of products for various vehicle models, the manufacturers of steering wheel systems' attention to extensive research and development in order to achieve clear growth, and the improved product advancement at competitive prices are major factors that are anticipated to boost the growth of the centre and drag link market in the forecast period. Additional factors that are anticipated to fuel the growth of the centre and drag link market include the expanding end user preference for improved and efficient vehicle components and the rising demand for the expansion of more robust and strong products, such as the centre and drag links.
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Introduction
The center and drag link are essential components in a vehicle's steering system. The center link connects the pitman arm to the idler arm, while the drag link connects the pitman arm to the steering arm. These two components ensure that the wheels turn simultaneously, enabling smooth steering and handling of the vehicle.
The Global Center And Drag Link Market is driven by the growth in the automotive industry. As the demand for vehicles increases, the demand for components such as the center and drag link also increases. The market is expected to grow at a CAGR of 6.5% from 2023 to 2033.
Global Center And Drag Link Market- Segmental assessment
By GVW
• Less than 8000 Ibw
• Between 8000-15000 Ibw
• Greater than 15000 Ibw
• Others
By application
• Light duty vehicles
• Medium duty vehicles
• Heavy duty vehicles
• Others
By ball size type
• 1 to 1.5 in h
• 1.5 to 1.75 inch
• 1,75 to 2.75 inch
• others
Global Center And Drag Link Market- Geographical landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, North America is projected to capture a substantial revenue share over 2022-2030.
Global Center And Drag Link Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are KOREA Central, Rane (Madras), ZF TRW and Moser Engineering, Federal-Mogul Corporation, Powers & Sons, and others.
Report scope
Global Center And Drag Link Market : Historical Years- 2018-2021
Global Center And Drag Link Market : Forecast Years- 2022-2030
Global Center And Drag Link Market CAGR- 6.5%
Key segments covered-
1) By GVW (passenger vehicle, light commercial vehicle, heavy commercial vehicle, and others).
2) By Ball size type (1 to 1.5 inch, 1.5 to 1.75 inch, 1.75 to 2.75 inch, and others).
3) By application (light-duty vehicles, medium duty vehicles, heavy duty vehicles, and others).
Major regions and countries reported-
1) North America (U.S., Canada, and Mexico)
2) South America (Brazil, Argentina, and Colombia)
3) Europe (Germany, U.K., France, Italy, Spain, and Russia)
4) Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
5) Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)
Top players profiled- KOREA Central, Rane (Madras), ZF TRW and Moser Engineering, Federal-Mogul Corporation, Powers & Sons, and others.
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Trends in the Global Center And Drag Link Market
The Global Center And Drag Link Market is experiencing several trends that are shaping its future prospects. These trends include:
Growing demand for electric vehicles: The rise in demand for electric vehicles is expected to increase the demand for lightweight components, such as the center and drag link.
Technological advancements: The development of new materials, such as composites and carbon fibers, is expected to improve the performance and durability of the center and drag link components.
Increasing focus on safety: The growing awareness of safety standards and regulations is expected to drive the demand for high-quality and reliable center and drag link components.
Future Prospects of the Global Center And Drag Link Market
The Global Center And Drag Link Market is expected to grow significantly in the coming years. The growth in the automotive industry, the increasing demand for lightweight components, and the focus on safety standards are expected to drive the market's growth. The market is expected to reach USD 1.6 billion by 2026, growing at a CAGR of 6.5% from 2021 to 2026.
FAQs
1. What is the Global Center And Drag Link Market?
2. What are the components of the center and drag link?
3. What are the types of the Global Center And Drag Link Market?
4. What are the applications of the Global Center And Drag Link Market?
5. What are the trends in the Global Center And Drag Link Market?
6. What is the future of the Global Center And Drag Link Market?
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Conclusion
The Global Center And Drag Link Market is a critical component of the automotive industry. As the demand for vehicles increases, the demand for components such as the center and drag link also increases. The market is experiencing several trends that are shaping its future prospects, including the growing demand for electric vehicles, technological advancements, and increasing focus on safety. The market is expected to grow significantly in the coming years, reaching USD 1.6 billion by 2026.
If you are in the automotive industry, it is essential to stay up-to-date with the latest trends and developments in the Global Center And Drag Link Market. By doing so, you can ensure that your business is well-positioned to take advantage of the market's growth and opportunities.
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