Global Idler arm Market Size, Share, Forecast Report, 2020-2027

An idler arm is an ideal component to enhance the alignment of the vehicle. It is also known as steering idler arm. Idler arms and pitman arms are a part of steering system. It is used to connect the suspension systems to the wheels of the vehicles through installed between opposite sides of the center link from the pitman arm and chassis of the vehicle. Its function is to provide rotational support to the steering linkage in a passenger and commercial vehicle. The installation of the steering idler arm is carried out in such a way to holds the end of the passenger's side center link of the vehicle. The main idler arm symptoms are shaking of the steering wheel and improper wheels alignment. Idler arm puller, idler arm bracket, idler arm pulley, and idler arm bushing are the main components of the idler arm. Among all, the car idler arm is the most used in the market.

The Global Idler Arm Market is primarily driven due to the increased fleet of the automotive vehicle in the global market and an increase in demand for heavy and light commercial vehicles. Additionally, the innovations and advancements in idler arm in terms of ensuring grip and perfect handling are further expected to add to the growth of the market during the forecast period. According to the OICA, there are more than 1,282,270 thousand vehicles in use in the global market in 2015, which was 1,234,887 thousand in 2014. Therefore, the increased fleet size of the automotive vehicle in the global market are expected to raise the demand for idler arm in the aftermarket owing to the increase in need for maintenance and replacement. The growth in the demand of the electric vehicle sales are increasing its production, which expected to create opportunities for the development of the market. Moreover, the launch of the new greaseable automotive idler arm is further expected to open opportunities and enhance the idler arm market share in terms of value and volume during the forecast period. However, the massive change in raw material prices and uncertainties in the trade policies for the idler arm are expected to restrain the idler arm market growth during the forecast period. Thus, the Global Idler Arm Market size is expected to account for USD 22 Billion in 2018 and further witness 4.5% CAGR during the forecast period, 2019–2025.
Prominent Players

The Prominent Players in the Global Idler Arm Market include ACDelco (US), Sankei Industry Co., Ltd (Japan), High Link Autoparts Co., Ltd (Taiwan), GMB Corporation Japan (Japan), Datta Industries (India), Rare Parts, Inc. (US), Emerson Forge Pvt. Ltd (India), Mevotech (Canada), Ningbo Motor Industrial Co., Ltd (China), and Chase Steering Parts Co. (Taiwan).
The Global Idler Arm Market is segmented based on material, sales channel, vehicle type, and region. By material, the market is segmented as alloy steel, iron, carbon steel, and others. The alloy steel segment is expected to lead in terms of value and volume during the forecast period. By sales channel, the global idler arm market has been segmented as aftermarket and OEM. The OEM segment is expected to account for the largest market share in terms of value and volume during the forecast period. By vehicle type, the global idler arm market is segmented as a passenger car, light commercial vehicle, and heavy commercial vehicle. In 2018, the passenger car segment is expected to account for the largest market share in the market.