Pitman Arms Market to Surpass $14.12 Billion by 2029 | Key Trends & Insights

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How Will the Pitman Arms Market Grow by 2025 in Terms of Size and Growth?
There has been a substantial growth in the market size of pitman arms in the past few years. The growth forecast shows an increase from $10.79 billion in 2024 to $11.43 billion in 2025, denoting a compound annual growth rate (CAGR) of 5.9%. The surge in the preceding period can be attributed to the automotive industry trends, amendments in regulations, economic conditions, consumer tastes, and competitive landscape.

What Are the Estimated Growth Rates for the Pitman Arms Industry Through 2029?
The market size for pitman arms is anticipated to see significant expansion in the coming years, reaching $14.12 billion in 2029 with a 5.4% compound annual growth rate (CAGR). The projected growth during this period can be ascribed to various factors such as worldwide economic patterns, environmental laws, consumer mobility choices, market enlargement strategies, and resilience of the supply chain. Key trends during this forecast period encompass the use of sophisticated materials, integration of intelligent technologies, creation of electric power steering (eps) systems, development of variable ratio steering systems, and the employment of eco-friendly, sustainable manufacturing practices.

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What Are the Strategic Drivers Boosting Pitman Arms Market Performance?
The anticipated surge in vehicle demand is predicted to stimulate the expansion of the pitman arms market. Automobiles, typically powered by internal combustion engines, electric motors, or alternate fuels for personal conveyance, necessitate the essential function of the pitman's arm. It significantly contributes to a car's steering system, by transforming the operator's rotational steering effort into a lateral displacement that directly influences the direction of the front wheels. For example, the Society of Indian Automobile Manufacturers (SIAM), an authoritative entity representing top vehicle and engine producers in India, reported in October 2023 that the Indian automotive industry manufactured 2,621,248 units encompassing passenger cars, three-wheelers, and two-wheelers. Within this timeframe, the cited sales accounted for 389,714 passenger vehicles, 76,940 three-wheelers, and 189,579 two-wheelers, indicating impressive year-over-year growth across all divisions. Thus, the escalating demand for vehicles is fuelling the expansion of the pitman arms market.

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What Are the 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

What Are the Key Adoption Trends in the Pitman Arms Market?
Top-tier firms in the pitman arms industry have turned their attention to product development in order to secure a competitive lead. For example, in October 2024, Lisle Corporation, an organization based in the USA which manufactures Pitman arm pullers, unveiled three new models: 41450, 41490, and 41610. These instrument models are specifically designed for effective extraction of stubborn Pitman arms- an integral part of vehicle steering mechanisms. The 41450 model, with its sturdy cast steel make, is ideal for medium-duty trucks and is designed to avoid damage during removal. The 41490, on the other hand, is designed for M100 and M110 Sheppard variants, with the 41610 being versatile enough to cover a wider range of applications. These newly launched models further beef up Lisle's product range, offering auto repair experts better options for dependable and efficient vehicle upkeep.

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Which Companies Lead the Competitive Landscape of the Pitman Arms Industry?
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

Where Are the Key Pitman Arms Market Opportunities by Region?
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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