An idler arm is a component that enhances the alignment of the vehicle. The idler arm is also known as steering idler arm. The idler arm is utilized to join the suspension system of the wheels by installing them between the opposite sides of the center link of the pitman arm and chassis of the vehicle. The idler arm function is to deliver rotational support to the steering linkage in a commercial and passenger vehicle.
MARKET DYNAMICS
The increased fleet of the automotive vehicle and increasing demand for light and heavy commercial vehicles are some of the significant factors driving the growth of the idler arm market. Additionally, the advancements and innovations in the idler arm in terms of confirming grip and perfect handling are further anticipated to boost the growth of the idler arm market during the forecast period.
MARKET SCOPE
The "Global Idler Arm Market Analysis to 2028" is a specialized and in-depth study of the idler arm market with a special focus on the global market trend analysis. The report aims to provide an overview of idler arm market with detailed market segmentation by material, vehicle type. The global idler arm market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading idler arm market players and offers key trends and opportunities in the idler arm market.
MARKET SEGMENTATION
The global idler arm market is segmented on the basis of material, vehicle type. On the basis of material, the market is segmented as alloy steel, iron, carbon steel, others. On the basis of vehicle type, the market is segmented as passenger car, light commercial vehicle, heavy commercial vehicle.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global idler arm market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The idler arm market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting idler arm market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the idler arm market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global idler arm market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The idler arm market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting idler arm market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the idler arm market in these regions.
MARKET PLAYERS
The reports cover key developments in the idler arm market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from idler arm market are anticipated to lucrative growth opportunities in the future with the rising demand for idler arm market. Below mentioned is the list of few companies engaged in the idler arm market.
The report also includes the profiles of key idler arm market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ACDelco
- CHASE STEERING PARTS CO
- Datta Industries
- GMB Corporation Japan.
- High Link Autoparts Co., Ltd
- KECO AUTO INDUSTRIES
- Mevotech LP
- Ningbo Motor Industrial Co., Ltd
- Rare Parts
- Sankei Industry Co., Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Idler Arm Market - By Material
1.3.2 Idler Arm Market - By Vehicle Type
1.3.3 Idler Arm Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. IDLER ARM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. IDLER ARM MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. IDLER ARM MARKET - GLOBAL MARKET ANALYSIS
6.1. IDLER ARM - GLOBAL MARKET OVERVIEW
6.2. IDLER ARM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. IDLER ARM MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. ALLOY STEEL
7.3.1. Overview
7.3.2. Alloy Steel Market Forecast and Analysis
7.4. IRON
7.4.1. Overview
7.4.2. Iron Market Forecast and Analysis
7.5. CARBON STEEL
7.5.1. Overview
7.5.2. Carbon Steel Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. IDLER ARM MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
8.1. OVERVIEW
8.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3. PASSENGER CAR
8.3.1. Overview
8.3.2. Passenger Car Market Forecast and Analysis
8.4. LIGHT COMMERCIAL VEHICLE
8.4.1. Overview
8.4.2. Light Commercial Vehicle Market Forecast and Analysis
8.5. HEAVY COMMERCIAL VEHICLE
8.5.1. Overview
8.5.2. Heavy Commercial Vehicle Market Forecast and Analysis
9. IDLER ARM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Idler Arm Market Overview
9.1.2 North America Idler Arm Market Forecasts and Analysis
9.1.3 North America Idler Arm Market Forecasts and Analysis - By Material
9.1.4 North America Idler Arm Market Forecasts and Analysis - By Vehicle Type
9.1.5 North America Idler Arm Market Forecasts and Analysis - By Countries
9.1.5.1 United States Idler Arm Market
9.1.5.1.1 United States Idler Arm Market by Material
9.1.5.1.2 United States Idler Arm Market by Vehicle Type
9.1.5.2 Canada Idler Arm Market
9.1.5.2.1 Canada Idler Arm Market by Material
9.1.5.2.2 Canada Idler Arm Market by Vehicle Type
9.1.5.3 Mexico Idler Arm Market
9.1.5.3.1 Mexico Idler Arm Market by Material
9.1.5.3.2 Mexico Idler Arm Market by Vehicle Type
9.2. EUROPE
9.2.1 Europe Idler Arm Market Overview
9.2.2 Europe Idler Arm Market Forecasts and Analysis
9.2.3 Europe Idler Arm Market Forecasts and Analysis - By Material
9.2.4 Europe Idler Arm Market Forecasts and Analysis - By Vehicle Type
9.2.5 Europe Idler Arm Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Idler Arm Market
9.2.5.1.1 Germany Idler Arm Market by Material
9.2.5.1.2 Germany Idler Arm Market by Vehicle Type
9.2.5.2 France Idler Arm Market
9.2.5.2.1 France Idler Arm Market by Material
9.2.5.2.2 France Idler Arm Market by Vehicle Type
9.2.5.3 Italy Idler Arm Market
9.2.5.3.1 Italy Idler Arm Market by Material
9.2.5.3.2 Italy Idler Arm Market by Vehicle Type
9.2.5.4 United Kingdom Idler Arm Market
9.2.5.4.1 United Kingdom Idler Arm Market by Material
9.2.5.4.2 United Kingdom Idler Arm Market by Vehicle Type
9.2.5.5 Russia Idler Arm Market
9.2.5.5.1 Russia Idler Arm Market by Material
9.2.5.5.2 Russia Idler Arm Market by Vehicle Type
9.2.5.6 Rest of Europe Idler Arm Market
9.2.5.6.1 Rest of Europe Idler Arm Market by Material
9.2.5.6.2 Rest of Europe Idler Arm Market by Vehicle Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Idler Arm Market Overview
9.3.2 Asia-Pacific Idler Arm Market Forecasts and Analysis
9.3.3 Asia-Pacific Idler Arm Market Forecasts and Analysis - By Material
9.3.4 Asia-Pacific Idler Arm Market Forecasts and Analysis - By Vehicle Type
9.3.5 Asia-Pacific Idler Arm Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Idler Arm Market
9.3.5.1.1 Australia Idler Arm Market by Material
9.3.5.1.2 Australia Idler Arm Market by Vehicle Type
9.3.5.2 China Idler Arm Market
9.3.5.2.1 China Idler Arm Market by Material
9.3.5.2.2 China Idler Arm Market by Vehicle Type
9.3.5.3 India Idler Arm Market
9.3.5.3.1 India Idler Arm Market by Material
9.3.5.3.2 India Idler Arm Market by Vehicle Type
9.3.5.4 Japan Idler Arm Market
9.3.5.4.1 Japan Idler Arm Market by Material
9.3.5.4.2 Japan Idler Arm Market by Vehicle Type
9.3.5.5 South Korea Idler Arm Market
9.3.5.5.1 South Korea Idler Arm Market by Material
9.3.5.5.2 South Korea Idler Arm Market by Vehicle Type
9.3.5.6 Rest of Asia-Pacific Idler Arm Market
9.3.5.6.1 Rest of Asia-Pacific Idler Arm Market by Material
9.3.5.6.2 Rest of Asia-Pacific Idler Arm Market by Vehicle Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Idler Arm Market Overview
9.4.2 Middle East and Africa Idler Arm Market Forecasts and Analysis
9.4.3 Middle East and Africa Idler Arm Market Forecasts and Analysis - By Material
9.4.4 Middle East and Africa Idler Arm Market Forecasts and Analysis - By Vehicle Type
9.4.5 Middle East and Africa Idler Arm Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Idler Arm Market
9.4.5.1.1 South Africa Idler Arm Market by Material
9.4.5.1.2 South Africa Idler Arm Market by Vehicle Type
9.4.5.2 Saudi Arabia Idler Arm Market
9.4.5.2.1 Saudi Arabia Idler Arm Market by Material
9.4.5.2.2 Saudi Arabia Idler Arm Market by Vehicle Type
9.4.5.3 U.A.E Idler Arm Market
9.4.5.3.1 U.A.E Idler Arm Market by Material
9.4.5.3.2 U.A.E Idler Arm Market by Vehicle Type
9.4.5.4 Rest of Middle East and Africa Idler Arm Market
9.4.5.4.1 Rest of Middle East and Africa Idler Arm Market by Material
9.4.5.4.2 Rest of Middle East and Africa Idler Arm Market by Vehicle Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Idler Arm Market Overview
9.5.2 South and Central America Idler Arm Market Forecasts and Analysis
9.5.3 South and Central America Idler Arm Market Forecasts and Analysis - By Material
9.5.4 South and Central America Idler Arm Market Forecasts and Analysis - By Vehicle Type
9.5.5 South and Central America Idler Arm Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Idler Arm Market
9.5.5.1.1 Brazil Idler Arm Market by Material
9.5.5.1.2 Brazil Idler Arm Market by Vehicle Type
9.5.5.2 Argentina Idler Arm Market
9.5.5.2.1 Argentina Idler Arm Market by Material
9.5.5.2.2 Argentina Idler Arm Market by Vehicle Type
9.5.5.3 Rest of South and Central America Idler Arm Market
9.5.5.3.1 Rest of South and Central America Idler Arm Market by Material
9.5.5.3.2 Rest of South and Central America Idler Arm Market by Vehicle Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. IDLER ARM MARKET, KEY COMPANY PROFILES
11.1. ACDELCO
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CHASE STEERING PARTS CO
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DATTA INDUSTRIES
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GMB CORPORATION JAPAN.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HIGH LINK AUTOPARTS CO., LTD
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KECO AUTO INDUSTRIES
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MEVOTECH LP
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NINGBO MOTOR INDUSTRIAL CO., LTD
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. RARE PARTS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SANKEI INDUSTRY CO., LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. ACDelco
2. CHASE STEERING PARTS CO
3. Datta Industries
4. GMB Corporation Japan.
5. High Link Autoparts Co., Ltd
6. KECO AUTO INDUSTRIES
7. Mevotech LP
8. Ningbo Motor Industrial Co., Ltd
9. Rare Parts
10. Sankei Industry Co., Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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