Press release
Automotive Idler Arm Market Size, Industry Trends, Analysis, Report 2024 To 2033
Automotive Idler Arm Market Size
Automotive Idler Arm Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $5.53 billion In 2028 At A CAGR Of 3.6% :
The automotive idler arm market size has grown steadily in recent years. It will grow from $4.59 billion in 2023 to $4.8 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to increased automotive production, stringent safety standards, commercial vehicle fleet growth, consumer preferences for comfort..
The automotive idler arm market size is expected to see steady growth in the next few years. It will grow to $5.53 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The growth in the forecast period can be attributed to focus on lightweight materials, electric and hybrid vehicle adoption, global regulatory initiatives, autonomous vehicle developments, urbanization and last-mile delivery.. Major trends in the forecast period include adoption of smart technologies, customization for autonomous vehicles, integration with advanced suspension systems, strategic partnerships in automotive manufacturing, technological innovations in automotive design..
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=13165&type=smp
Automotive Idler Arm Market Major Segments
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), Aftermarket
5) By Application: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles
Key Driver - Growing Demand For Lightweight And Heavy Vehicles Boosts The Automotive Idler Arm Market
The growing demand for lightweight and heavy vehicles is expected to propel the growth of the automotive idler arm market going forward. Lightweight and heavy vehicles, commonly referred to as vehicular categories, represent a range of motorized modes of transportation that aid in categorizing vehicles based on their intended applications, size, and load-bearing capabilities, laying the groundwork for tailored regulations, infrastructure, and utilization factors in the context of transportation and mobility. Automotive idler arms are used in lightweight and heavy vehicles to serve an essential role in maintaining good steering alignment and stability, making them critical components in a wide range of automobiles to provide maximum handling and ride comfort and robust steering components to endure complex operation. For instance, in July 2023, according to a report provided by the Federal Reserve Bank of St. Louis, a US-based reserve bank, 12.57 million units of lightweight vehicles were sold in May 2022, rising to 15.73 million units in July 2023. Furthermore, in March 2022, according to Statistics Canada, a US-based provider of statistical data and insights, heavy truck sales increased by 7.7% from 1,266,625 in 2020 to 1,364,320 in 2021. Therefore, the growing demand for lightweight and heavy vehicles will drive the automotive idler arm market.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=13165&type=smp
Prominent Trend - Rising Demand For Classic Cars Fuels Growth In The Automotive Idler Arm Market
Growing demand for classic cars is expected to propel the growth of the automotive idler arm market going forward. A classic car refers to an older car considered historical or cultural significance or having a certain level of rarity or desirability. Due to the age and corrosion of the classic car, the idler arm sits extremely tightly on the shaft and can cause the steering to become loose or unresponsive, which requires the replacement of the idler arm. For instance, in October 2022, according to Classic.com Inc., a US-based provider of insights on classic cars, the number of classic car auction listings in the US increased by 39.9% from 18,507 in 2021 to 25,892 in 2022. Further, the dollar volume generated from the auction increased by 31.4% from $960.9 million in 2021 to $1.3 billion in 2022. Therefore, the growing demand for classic cars will drive the automotive idler arm market.
Automotive Idler Arm Market Players
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.
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/automotive-idler-arm-global-market-report
Largest And Fastest Growing Region In The Market
North America was the largest region in the automotive idler arm market in 2023. The regions covered in the automotive idler arm market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automotive Idler Arm Market Report Structure
3. Automotive Idler Arm Market Trends And Strategies
4. Automotive Idler Arm Market - Macro Economic Scenario
5. Automotive Idler Arm Market Size And Growth
…..
27. Automotive Idler Arm Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Idler Arm Market Size, Industry Trends, Analysis, Report 2024 To 2033 here
News-ID: 3522937 • Views: …
More Releases from The Business Research Company
Unlocking Opportunities in the Tyrosine Kinase Inhibitors Market: 2025-2034 Fore …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Tyrosine Kinase Inhibitors Industry Market Size Be by 2025?
The market for tyrosine kinase inhibitors has seen robust growth in recent times. The market is predicted to expand from $58.03 billion in 2024 to $62.66 billion in 2025, marking a compound annual growth rate (CAGR) of…
Sustained Release Excipients Market Advances With Product Innovation Industry Tr …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Sustained Release Excipients Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size of sustained release excipients has seen significant growth. It's projected to increase from $1.4 billion in 2024 to $1.51 billion in 2025, exhibiting a Compound Annual Growth Rate…
Surge In Cancer Cases Fuels Expansion Of The RNA-Targeting Small Molecule Therap …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the RNA Targeting Small Molecules Therapeutics Market Size By 2025?
In recent years, the market size of RNA targeting small molecules therapeutics has witnessed substantial growth. The market, which is estimated to be worth $6.1 billion in 2024, is projected to increase to $7.83 billion in…
Surge In Autoimmune Diseases Fuels Remicade Biosimilar Market Growth Emerges as …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Remicade Biosimilar Market Through 2025?
In recent times, we've seen significant expansion in the remicade biosimilar market. Projected growth from 2024's $3.95 billion to $4.89 billion in 2025 indicates a compound annual growth rate (CAGR) of 23.8%. This rise during the historic…
More Releases for Auto
Auto Leads: Revolutionizing Lead Generation for Auto Detailers
Auto Leads, a digital marketing company specializing in helping auto detailers grow their businesses, has quickly become a leader in lead generation for the industry. Founded by Austin Kennedy, a former auto detailer with three years of hands-on experience, Auto Leads offers a solution to help detailers attract high-quality customers, particularly for premium services like Ceramic Coating.
What Auto Leads Is
Auto Leads focuses on digital marketing solutions for auto detailing businesses,…
Winter Park Auto Repair: Cech Auto Unveils Auto Repair Financing, Expert Service …
Image: https://www.getnews.info/wp-content/uploads/2024/10/1730165920.png
Cech Auto announces the launch of flexible auto repair financing, offering Winter Park customers accessible payment solutions for essential vehicle maintenance and repairs.
A leading Winter Park auto repair [https://www.cechauto.com/] shop, Cech Auto unveils its new auto repair financing option, providing customers with flexible payment solutions for all repair services. With competitive financing plans available, Cech Auto makes essential vehicle maintenance and repairs more accessible, ensuring that customers can address…
Auto Locksmith America Revolutionizes Auto Locksmith Services Nationwide
Newsdesk, March 22, 2024 - Auto Locksmith America Revolutionizes Auto Locksmith Services Nationwide Employing state-of-the-art tools and technology, the company ensures a seamless, hassle-free experience for clients.
Auto Locksmith America, a prominent auto locksmith company headquartered in Mississippi, unveils its latest suite of services and enticing offers tailored to cater to a spectrum of auto locksmith needs. With nearly 14 years of steadfast service, the company stands as a beacon of…
Auto Chess Game Market | Auto Chess, Dota Auto Chess, Hearthstone, Honor Of King …
The global auto chess game market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the auto chess game market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
E-Commerce Automotive Aftermarket | (Flipkart, eBay, Auto Zone, Advance Auto Par …
The growing emergence of creative business models is one of the pivotal factors propelling e-commerce automotive aftermarket industry share. At present, the store, brokerage, and social commerce models have been intensely contributing toward the growth of online commerce. Taking into account the growing popularity of electronic commerce across the automotive sector, many giants in e-commerce automotive aftermarket have been making heavy investments to enhance their storage capacity by developing new…
Auto Driveaway Provides Reliable and Safe Auto Shipping Services
FOR IMMEDIATE RELEASE
Philadelphia, PA: Recently, Auto Driveaway has been awarded for being one of the most reliable and secure auto shipping companies in the country by renowned entities. The company has more than 40 offices across the country that helps to track and update every detail about the consignment. Every delivery is managed professionally resulting in scheduled delivery without providing any damage, dent or issues to the vehicle.
The company provides…
