Enjoy complimentary customisation on priority with our Enterprise License!
The automotive control arms market size is forecast to increase by USD 5.16 billion at a CAGR of 4.5% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing demand for advanced technology in steering systems from both automotive manufacturers and aftermarket companies. The use of lightweight and energy-efficient materials, such as aluminum and carbon fiber composites, in the manufacturing industries is a key trend, as these materials offer improved performance and durability under extreme conditions. However, the market also faces challenges related to material quality and consistency, as the demand for high-performance control arms increases. Newly invented materials and manufacturing processes are being explored to address these challenges and meet the evolving needs of the automotive industry. Faulty control arms have also led to several vehicle recalls, highlighting the importance of ensuring the highest standards of quality and safety in the production and supply of these critical automotive components.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.