2025 Pitman Arms Industry Trends Report: Long-Term Outlook Through 2034

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How Large Will the Pitman Arms Market Size By 2025?
In the past few years, the market size of pitman arms has experienced significant growth. Projected growth from $10.79 billion in 2024 to $11.59 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%, is expected. Factors like trends in the automotive industry, regulatory modifications, economic circumstances, consumer inclinations, and a competitive environment have contributed to growth during the historic period.

How Big Is the Pitman Arms Market Size Expected to Grow by 2029?
Predictions indicate a robust expansion of the pitman arms market in the coming years, reaching a value of $14.63 billion by 2029, driven by a compound annual growth rate (CAGR) of 6.0%. Factors contributing to this growth during the forecast period include global economic activities, environmental norms, shifting consumer mobility choices, market growth tactics, and the resiliency of the supply chain. The upcoming significant trends within this period will comprise the use of enhanced materials, the adoption of smart technologies, the creation of electric power steering (eps) systems, the introduction of variable ratio steering systems, and the implementation of eco-friendly and sustainable production methods.

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Which Key Market Drivers Powering Pitman Arms Market Expansion and Growth?
The escalating demand for vehicles is projected to spur the growth of the pitman arms market in the future. Vehicles, which could be powered by internal combustion engines, electric motors, or alternative fuel sources and are designed for personal transportation, play a significant role in this growth. In these vehicles, the pitman arm is a key component in the steering system, translating the driver's rotational steering action into a sideways motion, directly influencing the front wheels of the vehicle. As an example, in October 2023, the Society of Indian Automobile Manufacturers (SIAM), a representative organization for leading vehicle and engine manufacturers in India, announced that the country's automobile industry produced 2,621,248 units, which encompassed passenger cars, three-wheelers, and two-wheelers. Sales during this time included 389,714 passenger vehicles, 76,940 three-wheelers, and 189,579 two-wheelers, showing remarkable year-on-year growth in all segments. For this reason, the escalating demand for automobiles is stimulating pitman arms market growth. Increased attention towards vehicle safety is also expected to drive the growth of the pitman arms market in the future. Vehicle safety includes all steps to lower the likelihood of vehicular accidents and injuries. The pitman arms contribute to vehicle safety by translating the steering wheel's rotational movement to drive lateral movement of the wheels, thereby providing directional control to the driver. For instance, in June 2023, the Spring 2023 Global Mobility Consumer Survey by the US-based financial analytics company S&P Global Inc. revealed that customers are placing more emphasis on advanced driver assistance systems (ADAS) as a necessity for safer driving. With these safety features now expected as standard in all vehicle segments, the survey demonstrated that 83% of respondents preferred blind spot warning systems, besides other in-demand safety features like forward collision alerts, rear-view cameras, automatic emergency braking for cyclists and pedestrians, and night vision capabilities. Therefore, the increased attention towards vehicle safety bolsters the growth of the pitman arms market.

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Which Fast-Growing Trends Are Poised to Disrupt the Pitman Arms Market?
Leading firms in the pitman arms market are concentrating their efforts on the creation of new products to build a competitive advantage. For example, Lisle Corporation, an American Pitman arm puller manufacturer, unveiled three fresh models - 41450, 41490, and 41610, in October 2024. These instruments are meticulously designed to remove pitman arms, a crucial component of automobile steering systems, with efficiency. The 41450 model suits medium-duty trucks best, with its robust cast steel build ensuring no damage occurs during the removal process. The 41490 is customized for M100 and M110 Sheppard models and the 41610 model accommodates a more extensive range of applications. This new product line broadens Lisle's offerings, giving automotive repair specialists superior solutions for convenient and reliable auto-maintenance.

What Are the Emerging Segments in the Pitman Arms Market?
The pitman arms market covered in this report is segmented -

1) By Steering Type: Manual Steering Gear, Recirculating Ball, Parallelogram Steering Gear
2) By Material: Steel Alloys, Iron Alloys, Carbon Composites
3) By Vehicle Type: Commercial, Passenger Cars, Electric cars
4) By Sales Channel: Online, Offline

Subsegments:
1) By Manual Steering Gear: Manual Steering Pitman Arms For Light Vehicles, Manual Steering Pitman Arms For Heavy-Duty Vehicles, Agricultural And Industrial Manual Steering Pitman Arms
2) By Recirculating Ball: Recirculating Ball Pitman Arms For Passenger Vehicles, Recirculating Ball Pitman Arms For Commercial Vehicles, Recirculating Ball Pitman Arms For Off-Road Vehicles
3) By Parallelogram Steering Gear: Parallelogram Steering Pitman Arms For Trucks, Parallelogram Steering Pitman Arms For Suvs, Parallelogram Steering Pitman Arms For Light Commercial Vehicles

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Who Are the Global Leaders in the Pitman Arms Market?
Major companies operating in the pitman arms market report are Robert Bosch GmbH, ZF TRW Automotive Holdings Corp., OES Genuine, Federal-Mogul Motorparts LLC, Moog Inc., Dorman Products Inc., Allstar Performance Automotive Inc., Mevotech LP, Powers and Sons LLC, Beck/Arnley Worldparts Inc., Omix-Ada Inc., Jeg's Automotive Inc., Skyjacker Suspensions, Skyjacker Suspensions, URO Parts Industries Inc., ACDelco LLC, Vierol AG, Driveworks Ltd., Rare Parts Inc., Howe Racing Enterprises Inc., RT Offroad, Flaming River Industries Inc., Yec Co. Ltd., Raybestos Brake & Chassis, Proforged LLC

Which are the Top Profitable Regional Markets for the Pitman Arms Industry?
Asia-Pacific was the largest region in the pitman arms market in 2024. The regions covered in the pitman arms market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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