市场调查报告书
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2030 年汽车惰轮臂市场预测:按车辆类型、惰轮臂类型、安装类型、材料、应用、最终用户和地区进行的全球分析Automotive Idler Arm Market Forecasts to 2030 - Global Analysis By Vehicle Type, Idler Arm Type, Mounting Type, Material, Application, End User and By Geography |
根据 Stratistics MRC 的数据,2023 年全球汽车惰轮臂市场规模为 36.8 亿美元,预计到 2030 年将达到 48.5 亿美元,预测期内复合年增长率为 6.1%。
汽车惰轮臂是车辆转向系统中的关键零件,将中心连桿连接到车架。惰轮臂的主要功能是透过支撑和控制转向连桿的运动来保持正确的对准。惰轮臂确保平稳的转向反应和稳定性,最大地减少转向系统的间隙。
根据OEC给出的资料,2021年全球汽车製造商产生的收益将超过1250亿美元,汽车惰轮臂市场将占汽车产业收入的8-10%,预计该市场将根据预测期,成长约10- 15%。
汽车售后市场的成长
由于更换和升级组件的需求不断增加,惰轮臂售后市场正在经历显着成长。消费者对提高性能和客製化的需求正在促进市场成长,并推动售后供应商之间的创新和竞争。这一趋势反映了消费者偏好的动态变化,并在不断扩大的汽车售后市场的推动下,推动了汽车惰轮臂市场的蓬勃发展。
原物料价格波动
汽车惰轮臂是车辆转向系统的关键零件,主要由于市场动态、地缘政治事件和供应链中断而面临原物料价格波动。这些波动导致更高的生产成本并影响製造商的报酬率。因此,市场正在经历定价不确定性,为製造商和消费者的有效规划和投资带来挑战。这种不确定性正在阻碍市场成长。
全球汽车产量增加
全球汽车产量的增加将直接导致包括惰轮臂在内的转向零件的需求增加。随着汽车生产不断扩大以满足不断增长的全球需求,对可靠的转向系统(例如带有惰轮臂的转向系统)的需求不断增加。需求的激增有助于市场成长,并为製造商和供应商提供了满足汽车行业不断增长的需求并利用转向零件市场扩张的机会。
更换成本高
汽车惰轮臂由于其在转向系统中的重要作用且製造工艺复杂,因此更换成本较高。精密工程和耐用材料有助于提高可靠性,但也会增加製造成本。高昂的更换成本可能会阻碍消费者进行日常维护和更换,进而影响车辆的整体性能。最终,不断上升的更换成本可能会阻碍及时维护的习惯并阻碍市场成长。
COVID-19 的影响
COVID-19 的爆发对市场产生了负面影响。全球供应链中断、工厂关闭和消费者支出减少导致汽车产量下降。市场面临材料短缺、物流限制和新车需求减少等挑战。此外,经济的不确定性阻碍了投资并推迟了开发计划。随着产业逐渐復苏,对抗疫情后果的斗争仍在继续,这凸显了弹性和适应性对于汽车惰轮臂市场相关人员的重要性。
预计可调惰轮臂部分在预测期内将是最大的
可调惰轮臂部分预计将出现良好的成长。可调式惰轮臂是汽车转向系统中的关键零件,可进行微调和对准调整。这种自适应功能允许机械师和车主自订转向几何形状,以优化操控性和轮胎磨损。可调节性可适应悬吊变化并精确对准转向系统。该部件对于提高车辆的整体性能和安全性发挥重要作用。
预计悬吊系统领域在预测期内复合年增长率最高
预计悬吊系统领域在预测期内将以最高的复合年增长率成长。汽车惰轮臂悬吊系统是有助于车辆稳定性和操控性的关键部件。它将转向连桿连接到底底盘并允许前轮受控运动。作为悬吊系统的一部分,惰轮臂保持正确的对准并吸收来自道路的衝击。该系统对于确保平稳稳定的行驶条件发挥着至关重要的作用。悬吊系统的耐用性和性能的增强正在推动该领域的成长。
由于汽车行业的扩张和汽车产量的增加,预计亚太地区在预测期内将占据最大的市场占有率。中国和印度等汽车工业蓬勃发展的国家为市场扩张做出了巨大贡献。此外,中阶的崛起和都市化进一步推高了汽车保有率,扩大了对汽车转向零件的需求,为亚太地区汽车惰轮臂创造了良好的市场环境。
由于汽车产业强劲,预计北美在预测期内的复合年增长率最高。该地区汽车持有高以及对技术进步的重视增加了对高效转向系统(包括惰轮臂)的需求。严格的安全法规正在进一步推动市场发展,迫使製造商生产可靠且相容的零件。主要汽车製造商的存在和完善的售后市场也有助于市场成长。
According to Stratistics MRC, the Global Automotive Idler Arm Market is accounted for $3.68 billion in 2023 and is expected to reach $4.85 billion by 2030 growing at a CAGR of 6.1% during the forecast period. An automotive idler arm is a crucial component in a vehicle's steering system, connecting the center link to the vehicle's frame. Its primary function is to maintain proper alignment by supporting and controlling the movement of the steering linkage. The idler arm ensures smooth steering response and stability, minimizing play in the steering system.
According to the data given by OEC, the global revenue generated by an automobile manufacturer is more than US$ 125 billion in 2021 and the market of automotive idler arm covers 8-10% of the automobile industry as their revenue and is expected to have the growth of this market by 10-15% approximately as per the forecasted period.
Growing automotive aftermarket
With a growing demand for replacement and upgrade components, the aftermarket segment for idler arms experiences a significant boost. Consumers seeking enhanced performance and customization options contribute to the market's growth, fostering innovation and competition among aftermarket suppliers. This trend reflects a dynamic shift in consumer preferences, promoting a thriving automotive idler arm market driven by the ever-expanding automotive aftermarket.
Fluctuating raw material prices
The automotive idler arm, a crucial component in vehicle steering systems, faces fluctuating raw material prices primarily due to market dynamics, geopolitical events, and supply chain disruptions. These fluctuations lead to increased production costs, impacting profit margins for manufacturers. Consequently, the market experiences pricing uncertainties, making it challenging for both manufacturers and consumers to plan and invest effectively. This uncertainty hinders the market growth.
Rise in global automotive production
Increased manufacturing of vehicles worldwide directly correlates with a higher demand for steering components, including idler arms. As automotive production expands to meet growing global demand, the need for reliable steering systems, such as those incorporating idler arms, intensifies. This surge in demand contributes to the market's growth, providing opportunities for manufacturers and suppliers to cater to the increasing requirements of the automotive industry and capitalize on the expanding market for steering components.
High replacement costs
The automotive idler arm incurs high replacement costs due to its critical role in steering systems and complex manufacturing processes. Precision engineering and durable materials contribute to its reliability, but also elevate production expenses. The high replacement costs may deter consumers from regular maintenance or replacements, impacting overall vehicle performance. Ultimately, the elevated replacement costs may hinder market growth by discouraging timely maintenance practices.
Covid-19 Impact
The covid-19 pandemic has adversely affected the market. Disruptions in global supply chains, factory closures, and reduced consumer spending led to a decline in automotive production. The market faced challenges with material shortages, logistical constraints, and a decrease in demand for new vehicles. Moreover, economic uncertainties hindered investments and delayed development projects. As the industry gradually recovers, it continues to grapple with the aftermath of the pandemic, emphasizing the importance of resilience and adaptability for stakeholders in the automotive idler arm market.
The adjustable idler arm segment is expected to be the largest during the forecast period
The adjustable idler arm segment is estimated to have a lucrative growth. An Adjustable Idler Arm is a pivotal component in vehicle steering systems, allowing for fine-tuning and alignment adjustments. This adaptive feature enables mechanics and vehicle owners to customize the steering geometry, optimizing handling and tire wear. The adjustability accommodates changes in suspension and aligns the steering system precisely. This component plays a crucial role in enhancing overall vehicle performance and safety.
The suspension system segment is expected to have the highest CAGR during the forecast period
The suspension system segment is anticipated to witness the highest CAGR growth during the forecast period. The suspension system in an automotive idler arm is a critical component that contributes to vehicle stability and handling. It connects the steering linkage to the chassis, allowing controlled movement of the front wheels. The idler arm, part of the suspension system, helps maintain proper alignment and absorbs road shocks. This system plays a pivotal role in ensuring smooth and stable driving conditions. Its enhanced durability and performance of the suspension system propels the segment growth.
Asia Pacific is projected to hold the largest market share during the forecast period owing to the expanding automotive industry and rising vehicle production. Countries like China and India, with their thriving automotive sectors, contribute significantly to the market's expansion. Additionally, a burgeoning middle class and urbanization further boost vehicle ownership, amplifying the demand for automotive steering components, thereby creating a favourable market landscape for Automotive Idler Arms in the Asia-Pacific region.
North America is projected to have the highest CAGR over the forecast period, due to a robust automotive industry. The region's high vehicle ownership rates and a strong emphasis on technological advancements drive the demand for efficient steering systems, including idler arms. Stringent safety regulations further boost the market, compelling manufacturers to produce reliable and compliant components. The presence of key automotive players and a well-established aftermarket contribute to the market's growth.
Key players in the market
Some of the key players profiled in the Automotive Idler Arm Market include Sankei Industries Limited, Dorman Products, GMB Corporation, Highlink Auto Parts Limited, DRiV Incorporated, Rare Parts Inc., Datta Industries, Emerson Forge Private Limited, Hitachi Astemo Limited, Karlyn Industries, SKF Group and Federal-Mogul Motorparts.
In October 2021, Hitachi Astemo, Ltd. launched a prototype for an advanced steer-by-wire steering system. This cutting-edge technology allows for the removal of traditional steering wheels, creating more cabin space. Such innovations are instrumental for future-generation vehicles and self-driving cars.
In March 2021, SKF India's Automotive Aftermarket division announced the launch of three new products created to address the changing demands of customers across sectors in India, the new products including Chain and Sprockets for 2-Wheeler, Timing Belts and Steering and suspension systems for 4-wheelers. This range of new innovative products is of high quality, superior strength and delivers long life.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.