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

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 market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (passenger vehicles and commercial vehicles) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The 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?

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

The low cost of automotive control arms is notably driving the market growth, although factors such as 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 Market Driver

One of the key factors driving growth in the 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 market.

Key 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 market is witnessing developments in the form of control arm design and materials used in its manufacturing. Vendors at present are focusing on the use of efficient, rigid, and lightweight passenger cars and commercial vehicles 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 aluminium, 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 market.

Key Market Challenge

The faulty control arms leading to vehicle recalls will be a major challenge for 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 market.

This 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 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 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 market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as making use of competitive intelligence and expertise in 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, and ASCA1003.

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

To make the most of the opportunities and recover from the 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 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 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?

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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 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 l 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 market in the region during the forecast period.

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

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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 market size and actionable market insights on the 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	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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  market growth during the next five years
• Precise estimation of the  market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the automotive control arms industry across APAC, Europe, North America, South America, and the 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 market vendors

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