Automotive Idler Arm Market by Vehicle Type (Passenger Vehicle, Commercial Vehicle), by Sales Channel (OEM, Aftermarket), by By Geography (North America) Forecast 2024-2032
The Automotive Idler Arm Market size was valued at USD 3.56 USD Billion in 2023 and is projected to reach USD 4.68 USD Billion by 2032, exhibiting a CAGR of 4.0 % during the forecast period. An automotive idler arm is used in the steering equipment of various automobile models and has the important task of ensuring balance and correct positioning in vehicles. It actively functions as a central link between the steering linkage and the car frame; it ensures smooth and accurate steering of the whole car. There are two main types of idler arms: It is available in two types, the standard idler arm and the heavy-duty idler arm. Expedite idler arms are generally used in most types of vehicles used in the transport sector while heavy-duty idler arms are usually used in large robust vehicles such as trucks and some SUVs. Some of the features that are characteristic of idler arms include strength, smooth finish and the fact that they can work for considerable time before showing signs of strain. They are important for guaranteeing reliable and safe handling, particularly in conditions such as cornering or any other manoeuvres. These arms are used in various automobile models including compact models, light commercial vehicles as well as large commercial vehicles like heavy-duty trucks and so on and they play a crucial role in the steering mechanism of every automobile model. Its advantages include better statements to the steering, reduced oscillations in the steering wheel, and better overall stability on the road.
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 4.0% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 4.0% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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