Press release
Automotive Idler Arm Market Poised to Hit $5.8 Billion by 2029 with Accelerating Growth Trends
Automotive Idler Arm
Automotive Idler Arm Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for automotive idler arms has seen consistent expansion in the past few years. The market, which stood at $4.8 billion in 2024, is projected to reach $4.95 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 3.2%. The historical growth of this market has been driven by factors such as rising automotive manufacturing, stricter safety regulations, expansion of the commercial vehicle fleet, and heightened consumer preference for comfort.
Automotive Idler Arm Market Size Forecast: What's the Projected Valuation by 2029?
In the upcoming years, a consistent growth is anticipated in the automotive idler arm market which is projected to climb up to $5.8 billion in 2029, with a compound annual growth rate (CAGR) of 4.0%. Factors contributing to this expansion in the forecast period are the emphasis on lightweight materials, the adoption of electric and hybrid vehicles, international regulatory measures, advancements in autonomous vehicles, urbanization, and last-mile delivery. The adoption of advanced technologies, customization for self-driving vehicles, integration with modern suspension systems, strategic collaborations in the automotive manufacturing sector, and technological advancements in vehicle design are the major trends expected during the forecast period.
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What Are the Drivers Transforming the Automotive Idler Arm Market?
The automotive idler arm market is projected to see significant growth due to the increasing demand for both lightweight and heavy vehicles. These vehicles encompass a variety of motorized modes of transport that are used for different applications, depending on their size and load-bearing capacity. These vehicles are integral to the creation of dedicated regulations, infrastructure, and usage parameters in the realm of transportation and mobility. Idler arms, which play a vital role in assuring proper steering alignment and stability, are used in these vehicles. They not only provide optimal handling and ride comfort but also are robust enough to withstand complex operations. Illustratively, the Federal Reserve Bank of St. Louis reported that sales of lightweight vehicles rose from 12.57 million units in May 2022 to 15.73 million units in July 2023. Hence, the surge in demand for lightweight and heavy vehicles is anticipated to boost the automotive idler arm market. Automotive Idler Arm Market Driver: Emphasis on Ride Safety Fuels Growth of Automotive Idler Arm Market
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Which Segments in the Automotive Idler Arm Market Offer the Most Profit Potential?
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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Which Firms Dominate the Automotive Idler Arm Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential 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
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