The Pivotal Study of Automotive Control Arm Global Market - Market Synopsis, Industry Key Players, Market Tracking, Regional Forecast till 2026
The newly Automotive Control Arm market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Product Information
In automotive suspension, a control arm, also known as an A-arm, is a hinged suspension link between the chassis and the suspension upright or hub that carries the wheel.
On the basis of products, the various types include Cast Iron Control Arms, Cast Aluminum Control Arms, Stamped Steel Control Arms, and Other.
On the basis of application, the Automotive Control Arm market is segmented into MacPherson strut, Multi-link suspension, Double Wishbone Suspension, and Other.
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Market Insights
According to a new research study, the Automotive Control Arm market size is expected to reach USD 10,187 million by 2026 from USD 7,674 million in 2019, with a compound annual growth rate of 4.13% during the forecast period.
One of the key drivers is the low cost of automotive control arms. The low cost of ownership of these control arms makes them budget-friendly components, which drives their penetration rate in suspension systems that are used in the majority of vehicles. One of the key trends in the global automotive control arms market is the use of 3D modeling in the design and development of control arms. On the flip side, the wear and tear of control arm bushings may lead to irregular functioning of the complete automotive suspension system. Such instances lead to vehicle recalls, which, in turn, can pose a challenge to market growth.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
The Asia-Pacific is the global automotive control arm market leader in 2018, followed by North America & Europe markets, possessing the market share of 47.52%, 26.35%, and 22.61% respectively. The Asia-Pacific region is expected to dominate the market throughout the period 2019-2026. China still accounts for the largest share of the Asia-Pacific market. Furthermore, Chinese automotive control arm industry has developed into a national industry with certain research and production capacity, the industry product mix has gradually improved. At present, China has become a large-scale manufacturing country for international automotive control arms. In addition to low- to mid-range automotive control arm products, some leading companies have been able to offer some high-end automotive control arm products, which has already gained a competitive edge on the international stage.
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Competitive Players
The leading vendors in the market are ZF, TRW, Magna, Yorozu, and Hyundai Mobis. Other prominent vendors in the market are Magneti Marelli, Thyssenkrupp, CTE, Bharat Forge, Tower, GMB, Benteler, Martinrea, OCAP, Fetch, ACDelco, Wang Jin Machinery, Wanxiang Qianchao, ZF FAWER, Hetian Automotive, Huabang Machinery, RuiTai, FYCC, Jinjiang Machinery, Teenray, and others. The market seems to be fragmented, with the presence of companies including ThyssenKrupp and ZF, the competitive environment is quite fierce. Factors such as the use of 3D modeling design and low-cost vehicle control arms will provide significant opportunities for automotive control arm manufacturers to grow.
Key questions answered in the report
l What will the market size and growth rate be in 2026?
l What segment or region will drive or lead the market growth and what are the reasons?
l How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
l What key strategies are used by top vendors to increase revenue?
Target Audience for this Report
l Automotive Control Arm manufacturers
l Automotive Control Arm importers and exporters
l Automotive Control Arm traders, distributors, and suppliers
l Automotive Control Arm industry associations
l Product managers, Automotive Control Arm industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
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Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Automotive Control Arm Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Automotive Control Arm Market by Types
4 Segmentation of Automotive Control Arm Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Automotive Control Arm Market in Major Countries
7 North America Automotive Control Arm Landscape Analysis
8 Europe Automotive Control Arm Landscape Analysis
9 Asia Pacific Automotive Control Arm Landscape Analysis
10 Latin America, Middle East & Africa Automotive Control Arm Landscape Analysis
11 Major Players Profile
11.1 ZF
11.1.1 ZF Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 TRW
11.3 Magna
11.4 Yorozu
11.5 Hyundai Mobis
11.6 Magneti Marelli
11.7 Thyssenkrupp
11.8 CTE
11.9 Bharat Forge
11.10 Tower
11.11 GMB
11.12 Benteler
11.13 Martinrea
11.14 OCAP
11.15 Fetch
11.16 ACDelco
11.17 Wang Jin Machinery
11.18 Wanxiang Qianchao
11.19 ZF FAWER
11.20 Hetian Automotive
…
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