Global Idler Arm Market Expected to Grow At a CAGR of 6.5% between 2021-2028
HYDERABAD, TELANGANA, INDIA, February 7, 2022 /EINPresswire.com/ — Idler Arm Market Forecasts to 2028 – Global Analysis By Vehicle Type (Passenger Car, Light Commercial Vehicle), Material (Alloy Steel, Iron, Carbon Steel) and By Geography
The Global Idler Arm Market is growing at a CAGR of 6.5% during the forecast period. An idler arm is a component that enhances the alignment of the vehicle. The idler arm is also known as the 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 arms function is to deliver rotational support to the steering linkage in a commercial and passenger vehicle. The passenger car segment is expected to be the largest share during the forecast period, as idler’s arms are used on vehicles with “box steering” systems, usually trucks and rear-wheel-drive passenger vehicles. The idler arm assists the pitman arm by supporting other steering linkage components as it travels in the direction controlled by the steering gear. Asia Pacific is projected to hold the largest share in the market owing to the presence of, India, China, and Japan. North America is projected to have the highest CAGR due to the presence of powerful countries like the U.S. and Canada.
Some of the key players profiled in the Idler Arm Market include ACDelco, Chase Steering Parts Co, RareParts, Sankei Industry Co., Ltd, High Link Auto Parts Co, Ltd, Keco Auto Industries, Mevotech LP, Ningbo Motor Industrial Co., Ltd, Datta Industries, and GMB Corporation.
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