Global Automotive Control Arms Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Cast Iron Control Arms, Cast Aluminum Control Arms, and Stamped Steel Control Arms.

By Application;

Multi Link Suspension, Double Wishbone Suspension, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn306599299 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive Control Arms Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Control Arms Market was valued at USD 7,182.58 million. The size of this market is expected to increase to USD 10,242.14 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.2%.

The Global Automotive Control Arms Market is witnessing steady growth driven by various factors such as increasing vehicle production, rising demand for lightweight materials, and advancements in automotive technologies. Control arms, also known as A-arms or wishbones, are crucial components of a vehicle's suspension system, connecting the wheel hub to the chassis. They play a vital role in maintaining stability, handling, and smooth ride quality. With the automotive industry's shift towards electric vehicles and the integration of advanced driver assistance systems (ADAS), there is a growing need for high-performance control arms that can enhance vehicle dynamics and safety.

Stringent government regulations regarding vehicle emissions and fuel efficiency are compelling automakers to adopt lightweight materials like aluminum and composite materials for manufacturing control arms. These lightweight materials not only help in reducing vehicle weight but also contribute to improved fuel efficiency and reduced carbon emissions. The increasing demand for passenger comfort and safety features is driving manufacturers to innovate and develop control arms with enhanced durability, corrosion resistance, and performance characteristics.

The aftermarket segment of the automotive control arms market is also witnessing significant growth, driven by the increasing vehicle parc and the need for replacement parts due to wear and tear. The emergence of online retail channels and the availability of a wide range of aftermarket products are providing consumers with convenient options for purchasing control arms. With the continuous advancements in automotive technologies and the increasing focus on vehicle performance, safety, and sustainability, the global automotive control arms market is poised for considerable expansion in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Automotive Control Arms Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Automotive Production
        2. Rising Demand for Comfort and Safety
        3. Stringent Regulations
        4. Expansion of Electric Vehicle (EV) Market
      2. Restraints
        1. Supply Chain Disruptions
        2. Complex Integration
        3. Environmental Concerns
      3. Opportunities
        1. Increasing Demand for Lightweight Materials
        2. Focus on Vehicle Customization
        3. Rapid Technological Advancements
        4. Collaborations and Partnerships
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Industry Rivalry
  5. Market Segmentation
    1. Global Automotive Control Arms Market, By Type, 2020 - 2030 (USD Million)
      1. Cast Iron Control Arms
      2. Cast Aluminum Control Arms
      3. Stamped Steel Control Arms
    2. Global Automotive Control Arms Market, By Application, 2020 - 2030 (USD Million)
      1. Multi Link Suspension
      2. Double Wishbone Suspension
      3. Others
    3. Global Automotive Control Arms Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Sidem (Belgium)
      2. Magneti Marelli (Italy)
      3. GMB (U.K)
      4. Saint Jean Industries (France)
      5. Multimatic Inc. (Canada)
      6. RTS (U.S)
      7. Schaeffler AG (Germany)
      8. GESTAMP AUTOMOCION SA (Spain)
      9. Bharat Forge (India)
      10. Delphi Automotive (Ireland)
      11. SANKEI Industry (Japan)
      12. Magna International Inc. (Canada)
      13. Wang Jin Machinery (China)
      14. Yorozu (Japan)
      15. Benteler (Germany)
      16. OCAP (Italy)
      17. DURA Automotive Systems (U.S)
      18. ZF (Germany)
      19. Martinrea (Canada)
      20. ACDelco (U.S)
  7. Analyst Views
  8. Future Outlook of the Market