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Automotive Control Arms Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Jul 2022
  • Pages: 136
  • SKU: IRTNTR73866
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The automotive control arms market share is expected to increase to USD 5.28 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.61%.

This automotive control arms market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive control arms market segmentation by application (passenger vehicles and commercial vehicles) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The automotive control arms market report also offers information on several market vendors, including A ONE Parts Co. Ltd., Alltech Automotive LLC, American Axle and Manufacturing Holdings Inc., CCYS Hi Tech International Ltd, CFS Machinery Co. Ltd., DRiV Inc., General Motors Co., Hyundai Motor Co., Iparts International Ltd., Lemdor Control Arm Co. Ltd., Marelli Holdings Co. Ltd., MZW Motor, Nalbro Auto Parts Pvt. Ltd., RTS S.A., SIDEM NV, Teknorot, Yorozu Corp., and ZF Friedrichshafen AG among others.

What will the Automotive Control Arms Market Size be During the Forecast Period?

Automotive Control Arms Market Size

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Automotive Control Arms Market: Key Drivers, Trends, and Challenges

The low cost of automotive control arms is notably driving the automotive control arms market growth, although factors such as the faulty control arms leading to vehicle recalls may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive control arms industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Control Arms Market Driver

One of the key factors driving growth in the automotive control arms market is the low cost of automotive control arms. The low cost of ownership of these automotive control arms makes them budget-friendly components. This factor drives their penetration rate in suspension systems that are used in the majority of vehicles. Automotive control arms form a crucial part of a vehicle's suspension system and steering system and help in enhancing the comfort level of passengers. Most of the control arms used in a vehicle's suspension system are made of strengthened steel and do not involve any type of electronics. Being a mechanical component, control arms are highly cost-effective. The average price of a complete control arm kit ranges between $100 and $250 and differs from vehicle to vehicle. Also, the replacement cost for control arms comes in the range of $100-$300, which includes parts, repair, and service. Thus, the low cost of automotive control arms will act as a growth driver for the global automotive control arms market.

Key Automotive Control Arms Market Trend

The growing use of lightweight and energy-efficient materials in automotive suspension systems is an automotive control arms trend that is expected to have a positive impact in the coming years. The global automotive control arms market is witnessing developments in the form of control arm design and material used in its manufacturing. Vendors at present are focusing on the use of efficient, rigid, and lightweight passenger car and commercial vehicle in automotive systems/components. Since the global automotive industry has been responsible for environmental pollution levels, different verticals of the industry, such as powertrain, body, and exhaust systems, have come under intense scrutiny in the past few years. Vendors have started using lightweight materials, such as aluminum, replacing steel. The designs of control arms are being reworked to achieve space savings. Thus, such advancements are anticipated to drive the growth of the global automotive control arms market.

Key Automotive Control Arms Market Challenge

The faulty control arms leading to vehicle recalls will be a major challenge for the automotive control arms during the forecast period. Automotive control arms enhance the riding dynamics of a vehicle. However, factors such as wear and tear of control arm bushings may lead to irregular functioning of complete automotive suspension systems. Rubber bushings attached to the control arms are vulnerable to damage due to prolonged wear and tear with the use of the vehicle. A control arm rubber bushing essentially cushions a vehicle from road irregularities, and any damage to the same can lead to poor driving experiences. In April 2022, Mercedes-Benz recalled 11 S-class over a faulty rear thrust arm. These vehicles claimed to have poor welding, which may cause the rear axle carrier to completely detach from the suspension thrust arm of the car. Thus, such recalls will hinder the growth of the global automotive control arms market.

This automotive control arms market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automotive control arms market as a part of the global automotive components and accessories market within the global auto components market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive control arms market during the forecast period.

Who are the Major Automotive Control Arms Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • A ONE Parts Co. Ltd.
  • Alltech Automotive LLC
  • American Axle and Manufacturing Holdings Inc.
  • CCYS Hi Tech International Ltd
  • CFS Machinery Co. Ltd.
  • DRiV Inc.
  • General Motors Co.
  • Hyundai Motor Co.
  • Iparts International Ltd.
  • Lemdor Control Arm Co. Ltd.
  • Marelli Holdings Co. Ltd.
  • MZW Motor
  • Nalbro Auto Parts Pvt. Ltd.
  • RTS S.A.
  • SIDEM NV
  • Teknorot
  • Yorozu Corp.
  • ZF Friedrichshafen AG

 

This statistical study of the automotive control arms market encompasses successful business strategies deployed by the key vendors. The automotive control arms market is fragmented and the vendors are deploying growth strategies such as making use of competitive intelligence and expertise in the design and manufacturing to compete in the market.

Product Insights and News

  • a-oneparts.com - The company offers automotive control arms such as ASCA1001, ASCA1002, ASCA1003.

  • a-oneparts.com - The unified segment focuses on the manufacturing of automotive suspension parts including shock absorber accessories, control arms, center bearing supports, steering parts, steering gear assemblies, and steering coupling and joints.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive control arms market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Control Arms Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive control arms market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Automotive Control Arms Market?

Automotive Control Arms Market Market segmentation by region

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63% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for automotive control arms in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing sales volume of automobiles in countries such as China, Japan, South Korea, and India will facilitate the automotive control arms market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 led to a decline in the growth of the automotive control arms market in the region. The pandemic led to the imposition of lockdowns across the region, which negatively impacted the demand for automotive control arms. However, the initiation of vaccination drives and the resumption of cross-border trading activities revived the growth of the market in the first half of 2021. Also, the rising demand for electric vehicles, the growing e-commerce industry, and increasing government investments in the automobile industry is expected to propel the growth of the automotive control arms market in the region during the forecast period.

What are the Revenue-generating Application Segments in the Automotive Control Arms Market?

Automotive Control Arms Market Segmentation

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The automotive control arms market share growth in the passenger vehicles segment will be significant during the forecast period. The growing volume of sales of passenger vehicles in emerging and developing economies such as China, India, and Southeast Asian nations is driving the growth of the segment. Vendors have been working collectively with automakers on developing improved designs of suspension systems for use in passenger vehicles. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive control arms market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Control Arms Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.61%

Market growth 2022-2026

$ 5.28 billion

Market structure

Fragmented

YoY growth (%)

3.97

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 63%

Key consumer countries

US, China, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

A ONE Parts Co. Ltd., Alltech Automotive LLC, American Axle and Manufacturing Holdings Inc., CCYS Hi Tech International Ltd, CFS Machinery Co. Ltd., DRiV Inc., General Motors Co., Hyundai Motor Co., Iparts International Ltd., Lemdor Control Arm Co. Ltd., Marelli Holdings Co. Ltd., MZW Motor, Nalbro Auto Parts Pvt. Ltd., RTS S.A., SIDEM NV, Teknorot, Yorozu Corp., and ZF Friedrichshafen AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Automotive Control Arms Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automotive control arms market growth during the next five years
  • Precise estimation of the automotive control arms market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive control arms industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive control arms market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Passenger vehicles - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Passenger vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Passenger vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Passenger vehicles - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Passenger vehicles - Year-over-year growth 2021-2026 (%)
    • 5.4 Commercial vehicles - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Commercial vehicles - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Commercial vehicles - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 A ONE Parts Co. Ltd.
              • Exhibit 89: A ONE Parts Co. Ltd. - Overview
              • Exhibit 90: A ONE Parts Co. Ltd. - Product / Service
              • Exhibit 91: A ONE Parts Co. Ltd. - Key offerings
            • 10.4 American Axle and Manufacturing Holdings Inc.
              • Exhibit 92: American Axle and Manufacturing Holdings Inc. - Overview
              • Exhibit 93: American Axle and Manufacturing Holdings Inc. - Business segments
              • Exhibit 94: American Axle and Manufacturing Holdings Inc. - Key offerings
              • Exhibit 95: American Axle and Manufacturing Holdings Inc. - Segment focus
            • 10.5 General Motors Co.
              • Exhibit 96: General Motors Co. - Overview
              • Exhibit 97: General Motors Co. - Business segments
              • Exhibit 98: General Motors Co. - Key news
              • Exhibit 99: General Motors Co. - Key offerings
              • Exhibit 100: General Motors Co. - Segment focus
            • 10.6 Hyundai Motor Co.
              • Exhibit 101: Hyundai Motor Co. - Overview
              • Exhibit 102: Hyundai Motor Co. - Business segments
              • Exhibit 103: Hyundai Motor Co. - Key news
              • Exhibit 104: Hyundai Motor Co. - Key offerings
              • Exhibit 105: Hyundai Motor Co. - Segment focus
            • 10.7 Marelli Holdings Co. Ltd.
              • Exhibit 106: Marelli Holdings Co. Ltd. - Overview
              • Exhibit 107: Marelli Holdings Co. Ltd. - Product / Service
              • Exhibit 108: Marelli Holdings Co. Ltd. - Key news
              • Exhibit 109: Marelli Holdings Co. Ltd. - Key offerings
            • 10.8 MZW Motor
              • Exhibit 110: MZW Motor - Overview
              • Exhibit 111: MZW Motor - Product / Service
              • Exhibit 112: MZW Motor - Key offerings
            • 10.9 Nalbro Auto Parts Pvt. Ltd.
              • Exhibit 113: Nalbro Auto Parts Pvt. Ltd. - Overview
              • Exhibit 114: Nalbro Auto Parts Pvt. Ltd. - Product / Service
              • Exhibit 115: Nalbro Auto Parts Pvt. Ltd. - Key offerings
            • 10.10 RTS S.A.
              • Exhibit 116: RTS S.A. - Overview
              • Exhibit 117: RTS S.A. - Product / Service
              • Exhibit 118: RTS S.A. - Key offerings
            • 10.11 SIDEM NV
              • Exhibit 119: SIDEM NV - Overview
              • Exhibit 120: SIDEM NV - Product / Service
              • Exhibit 121: SIDEM NV - Key offerings
            • 10.12 ZF Friedrichshafen AG
              • Exhibit 122: ZF Friedrichshafen AG - Overview
              • Exhibit 123: ZF Friedrichshafen AG - Business segments
              • Exhibit 124: ZF Friedrichshafen AG - Key news
              • Exhibit 125: ZF Friedrichshafen AG - Key offerings
              • Exhibit 126: ZF Friedrichshafen AG - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 127: Inclusions checklist
                • Exhibit 128: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 129: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 130: Research methodology
                • Exhibit 131: Validation techniques employed for market sizing
                • Exhibit 132: Information sources
              • 11.5 List of abbreviations
                • Exhibit 133: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              Automotive Control Arms Market market growth will increase by $5.28 bn during 2022-2026.
              The automotive control arms market market is expected to grow at a CAGR of 4.61% during 2022-2026.
              Technavio has segmented the automotive control arms market market by application (Passenger vehicles and Commercial vehicles) and geography (APAC, Europe, North America, South America, and Middle East and Africa).
              A ONE Parts Co. Ltd., Alltech Automotive LLC, American Axle and Manufacturing Holdings Inc., CCYS Hi Tech International Ltd, CFS Machinery Co. Ltd., DRiV Inc., General Motors Co., Hyundai Motor Co., Iparts International Ltd., Lemdor Control Arm Co. Ltd., Marelli Holdings Co. Ltd., MZW Motor, Nalbro Auto Parts Pvt. Ltd., RTS S.A., SIDEM NV, Teknorot, Yorozu Corp., ZF Friedrichshafen AG are a few of the key vendors in the automotive control arms market market.
              APAC will register the highest growth rate of 63% among the other regions. Therefore, the automotive control arms market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the automotive control arms market market growth are:
              • Low cost of automotive control arms
              • Growing use of lightweight and energy-efficient materials in automotive suspension systems
              The automotive control arms market market vendors should focus on grabbing business opportunities from the passenger vehicles segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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