Press release
Automotive Idler Arm Industry to Achieve $5.65 Billion Growth by 2029
Automotive Idler Arm Market Size
How Will the Automotive Idler Arm Market Grow by 2025 in Terms of Size and Growth?
The market size of the automotive idler arm has seen a slight increase in the past few years. The market, which was valued at $4.8 billion in 2024, is predicted to expand to $4.89 billion in 2025, with a compound annual growth rate (CAGR) of 1.9%. The previous growth in this sector can be credited to factors such as higher automotive production, stricter safety regulations, growth in commercial vehicle fleets, and a growing consumer preference for comfort.
What Are the Estimated Growth Rates for the Automotive Idler Arm Industry Through 2029?
The market size of the automotive idler arm is projected to witness consistent expansion in the following years, ascending to a noteworthy value of $5.65 billion in 2029 with a compound annual growth rate (CAGR) of 3.7%. The anticipated growth throughout the forecast period can be credited to factors such as the emphasis on innovative lightweight materials, the surge in electric and hybrid vehicle usage, compliance with global regulations, the rise in autonomous vehicle progression, urban growth and the surge in last-mile deliveries. Noteworthy trends to look out for during the same period encompass the incorporation of intelligent technologies, alterations for autonomous vehicles, amalgamation with advanced suspension systems, strategic alliances in automobile production, and groundbreaking inventions in automotive style.
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What Are the Strategic Drivers Boosting Automotive Idler Arm Market Performance?
The expansion of the automotive idler arm market is projected to be spurred forward by an increasing demand for both lightweight and heavyweight vehicles. The spectrum of vehicular categories, spanning from lighter to heavier vehicles, serve to classify diverse modes of motor transportation. This classification is based on their specific uses, size, and capacity to bear weight, ultimately establishing the foundation for personalised regulations, infrastructure, and factors of use in the realm of transport and mobility. Automotive idler arms, pivotal for ensuring reliable steering alignment and stability, are incorporated into both lightweight and heavy vehicles. These essential components enhance overall ride comfort, handling, and provide robust steering capabilities resilient to complicated operations. For example, the Federal Reserve Bank of St. Louis reported in July 2023 that sales of lightweight vehicles had risen from 12.57 million units in May 2022, to 15.73 million units by July 2023. Hence, the mounting demand for both lightweight and heavyweight vehicles is anticipated to drive growth in the automotive idler arm market.
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What Are the Segments in the Automotive Idler Arm Market?
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 Companies Lead the Competitive Landscape of the Automotive Idler Arm Industry?
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.
Where Are the Key Automotive Idler Arm Market Opportunities by Region?
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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Asia +44 7882 955267 & +91 8897263534,
Europe +44 7882 955267
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