Press release
Global Automotive Idler Arm Market to Reach $5.8 Billion by 2029, Growing at 4% CAGR
Automotive Idler Arm Market
The automotive idler arm market looks set for expansion fueled by the increasing demand for lightweight and heavy vehicles. Vehicular categories consist of diverse motorized transportation methods, which are classified based on uses, size, and load-bearing capacities. These categories pave the way for precise regulations, infrastructure, and usage considerations concerning transportation and mobility. The crucial role of automotive idler arms in ensuring proper steering alignment and stability in both lightweight and heavy vehicles is paramount, contributing to handling ease, ride comfort, and the endurance of complex operations. According to a report by the Federal Reserve Bank of St. Louis in July 2023, sales of lightweight vehicles surged from 12.57 million units in May 2022 to 15.73 million units in July 2023. This surge in lightweight and heavy vehicle demand is likely to propel the automotive idler arm market. The automotive idler arm market is also anticipated to receive a boost due to increased attention to ride safety. Ensuring a smooth and safe ride for passengers has become critical in the automotive industry, leading to the development of innovative technologies like the automotive idler arm. By offering proper alignment, stability, and control, idler arms contribute to safer and smoother driving experiences. This is corroborated by a survey conducted by Partners for Automated Vehicle Education (PAVE) and AEye Inc. in November 2022, where 40% out of 1,095 surveyed adults identified improved safety on roads as a primary transportation issue and 58% prioritized pedestrian safety. The survey also revealed that 78% of participants believe that technology plays an essential part in resolving safety issues. This focus on ride safety is hence likely to aid the growth of the automotive idler arm market.
Get Your Automotive Idler Arm Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-idler-arm-global-market-report
What is the projected compound annual growth rate (CAGR) of the automotive idler arm market from 2025 to 2034, and what factors influence it?
In recent times, there's been a steady expansion in the size of the automotive idler arm market. This market is projected to increase from a value of $4.8 billion in 2024 to approximately $4.95 billion in 2025, indicating a compound annual growth rate (CAGR) of 3.2%. Factors contributing to this growth during the historical period include a rise in automotive manufacturing, stringent safety regulations, higher commercial vehicle fleet numbers, and an increasing consumer preference for comfort.
In the coming years, the market size for automotive idler arms is anticipated to experience consistent growth, reaching a value of $5.8 billion in 2029 with a compound annual growth rate (CAGR) of 4.0%. The projected growth during the forecast period can be ascribed to a focus on the use of lightweight materials, the uptake of electric and hybrid vehicles, global regulatory initiatives, advancements in autonomous vehicles, urbanization, and the emphasis on last-mile delivery. The forecast period is also expected to witness key trends such as the assimilation of smart technologies, customization catering to autonomous vehicles, integration with sophisticated suspension systems, strategic alliances in the automotive production realm, and creative technological breakthroughs in automotive design.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13165&type=smp
What are the major segments of the automotive idler arm market and their role in driving growth?
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
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13165
Which regions are key players in the growth of 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
Who are the key firms paving the way for growth 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.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=13165&type=smp
What Is Covered In The Automotive Idler Arm Global Market Report?
• Market Size Forecast: Examine the automotive idler arm market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive idler arm market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive idler arm market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive idler arm market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive idler arm market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive idler arm market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive idler arm market.
• Competitive Landscape: Review strategic developments in the automotive idler arm market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Global Automotive Idler Arm Market to Reach $5.8 Billion by 2029, Growing at 4% CAGR here
News-ID: 3904760 • Views: …
More Releases from The Business Research Company
2025-2034 Inkjet Coder Market Evolution: Disruptions, Innovations, and Untapped …
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 Inkjet Coder Market Through 2025?
Strong growth has been witnessed in recent years in the inkjet coder market. It is projected that this market will expand from $2.11 billion in 2024 to $2.27 billion in 2025, experiencing a compound annual growth rate…
Global Industrial Cooking Fire Protection Systems For Food Manufacturing Market …
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 Industrial Cooking Fire Protection Systems For Food Manufacturing Industry Market Size Be by 2025?
Over the past few years, the market size for industrial cooking fire protection systems used in food manufacturing has seen a consistent growth. It is projected that the market value will grow…
High Speed Engine Market Trends That Will Shape the Next Decade: Insights from I …
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 High Speed Engine Market Size By 2025?
The market for high speed engines has seen considerable growth in the last few years. The market which is valued at $24.17 billion in 2024 is predicted to reach $25.58 billion in 2025, experiencing a Compound Annual Growth…
Industrial Sector Growth Fuels Expansion Of Evaporative Cooling Market: The Driv …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Evaporative Cooling Market Size Growth Forecast: What to Expect by 2025?
The market size for evaporative cooling has seen a robust growth in recent times. The outlook predicts an escalation from $6.41 billion in 2024 to $6.8 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%.…
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…
Brampton Auto Glass Announces New Comprehensive Auto Glass Solutions
Brampton, Ontario July 24 2024 - Brampton Auto Glass Company, a leading name in auto glass repair and replacement for the Brampton and Mississauga areas, announces a significant expansion of its service portfolio. This enhanced suite caters to the diverse needs of local vehicle owners, ensuring optimal safety and a flawless visual experience on the road.
Unwavering Commitment to Excellence and Customer Satisfaction
Brampton Auto Glass Company prioritizes excellence in everything…
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…
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…
