Press release
Pitman Arms Market to Surpass $14.12 Billion by 2029 | Key Trends & Insights
Pitman Arms Market
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.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/pitman-arms-global-market-report
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.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13513&type=smp
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.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=13513&type=smp
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.
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
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@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 Pitman Arms Market to Surpass $14.12 Billion by 2029 | Key Trends & Insights here
News-ID: 4174835 • Views: …
More Releases from The Business Research Company
Trends in Growth, Segment Analysis, and Competitive Strategies Influencing the M …
The meal replacement market is gaining significant momentum as consumer preferences shift toward convenient and health-focused nutrition solutions. With rising awareness about preventive healthcare and personalized diets, this sector is set for considerable expansion. Let's explore how the market size is expected to evolve, who the key players are, emerging trends, and the main segments driving this growth.
Projected Growth Trajectory of the Meal Replacement Market Size
The meal replacement…
Leading Companies Reinforcing Their Presence in the Malted Barley Market
The malted barley industry is positioned for steady expansion as demand grows across various sectors. With increasing interest from craft brewers and functional food producers, this market is set to experience meaningful growth driven by innovation and sustainability efforts. Let's dive into the current market size, key players shaping the industry, trends influencing its trajectory, and detailed segment insights.
Projected Market Size and Growth Outlook of the Malted Barley Market …
Future Perspective: Key Trends Shaping the Low-calorie Food Market up to 2030
The low-calorie food market is poised for significant expansion as consumer preferences shift toward healthier eating habits and more personalized nutrition options. Advances in product innovation and supportive regulatory frameworks are expected to drive rapid growth over the coming years. Here's an overview of the market size, key players, emerging trends, and segmentation shaping this evolving industry.
Projected Expansion of the Low-calorie Food Market Size Through 2030
The low-calorie food…
Competitive Landscape: Leading Companies and New Entrants in the Liquid Nutritio …
The liquid nutritional supplement sector is on the rise, driven by evolving consumer preferences and innovations in health and wellness. With growing awareness about personalized nutrition and preventive healthcare, this market is set to witness substantial growth over the coming years. Let's explore the market's projected size, major players, emerging trends, and key segments shaping this dynamic industry.
Projected Market Value and Growth Trajectory of the Liquid Nutritional Supplement Market …
More Releases for Pitman
Market Trend Analysis: The Impact of Recent Innovations on the Pitman Arms Marke …
The pitman arms market is set to experience significant growth over the coming years, driven by several key automotive industry trends. As vehicle technologies evolve, especially in electric and hybrid sectors, the demand for reliable and durable steering components continues to rise. This report delves into the current market size, major players, growth factors, and segmentation by type and application.
Projected Growth Trajectory of the Pitman Arms Market Size Through 2030…
2025 Pitman Arms Industry Trends Report: Long-Term Outlook Through 2034
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 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…
Emerging Trends Influencing The Growth Of The Pitman Arms Market: Lisle Corporat …
The Pitman Arms Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Pitman Arms Market Size Expected to Be by 2034?
The market size of pitman arms has seen robust growth in the recent past. It is projected to increase from $10.79 billion…
Key Trends Shaping the Future Pitman Arms Market From 2025-2034: Lisle Corporati …
What Is the Estimated Market Size and Growth Rate for the Pitman Arms Market?
The pitman arms market has seen strong growth in recent years. It will increase from $10.79 billion in 2024 to $11.59 billion in 2025, at a CAGR of 7.4%. This growth is driven by trends in the automotive industry, regulatory changes, economic conditions, consumer preferences, and a competitive landscape.
The pitman arms market is expected to see robust…
Pitman Arms Market Trends, Size, Share And Growth Analysis 2024-2033
"The new report published by The Business Research Company, titled ""Pitman Arms Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the pitman arms market size has grown strongly in recent years. It will grow from $10.02 billion in…
Pitman Arm Market to Witness Robust Expansion by 2024
Market Research Report Store offers a latest published report on Pitman Arm Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
The global Pitman Arm market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
Click to view the full report TOC, figure…
