Global Automotive Trailing Arm Market Overview
An automotive trailing arm, also referred to as trailing link is a vehicle suspension design, through which one or more arms are connected between the axle and a pivot point (located on the chassis of a motor vehicle). It is usually used on the rear axle of a vehicle. Use of automotive trailing arm is rapidly increasing due to rapidly growing automotive industry across the globe. Automotive trailing arm market is hence, expected to possess increased demand from automotive manufacturers throughout the globe. The production of automotive trailing arm is also engorging globally with South Asia registering high growth for automotive trailing arm market during the forecast period. Automotive trailing arm market is creating enormous opportunity for key market participants to penetrate increased market share during the forecast period. The automotive trailing arm market comprises enormous global and local vendors.
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Global Automotive Trailing Arm Market Scenario
The global automotive trailing arm market is projected to perceive single digit growth in developed, as well as developing economies, during the forecast period, as per the company’s recent study. Passenger car vehicle type is expected to provide high growth for automotive trailing arm market throughout the globe. However, LCV vehicle type is also expected to achieve increased attraction in the automotive trailing arm market throughout the forecast period. OEM sales channel is predicted to possess high growth for automotive trailing arm market during the forecast period. Use of 3D modelling for the design and development of control arms is the key trend in the automotive trailing arm market.
Global Automotive Trailing Arm Market Dynamics
Established automotive market in counties of North America, Europe and Asia Pacific is predicted to dominate the automotive trailing arm market in terms of volume, whereas emerging countries in Latin America and MEA is expected to show high growth for automotive trailing arm market during the forecast period. Also, the global market for automotive trailing arm is expected to witness high growth with the briskly increasing automotive trailing arms due to rising automotive vehicle sales. The key growth factor for the automotive trailing arm market is the cheap cost of automotive trailing arms. Low cost of automotive controlling arms marks to be the economical components, thereby driving the penetration rate in major vehicles creating abundant opportunities for automotive trailing arms market.
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Global Automotive Trailing Arm Market Segmentation
The automotive trailing arm market can be segmented on arm type, vehicle type, sales channel and application. On the basis of arm type, automotive trailing arm market can be categorized into trailing arm and semi-trailing arm. On the basis of vehicle type, the automotive trailing arm market can be segmented into HCV, passenger cars, LCV and other vehicles. On the basis of sales channel, the global market for automotive trailing arm can be classified as OEM and aftermarket. On the basis of application, the global market for automotive trailing arm can be classified as front axle and rear axle. The global market for automotive trailing arm can be segmented into seven regions: North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa.
Global Automotive Trailing Arm Market Key Players
The automotive trailing arm companies are prominently focusing on delivering high quality products and targeting emerging countries to gain a huge profit margin. Prominent manufacturers in the market are incessantly manufacturing technologically innovative automotive trailing arm products. Some of the prominent market participants in the automotive trailing arm market are Mevotech, ZF Friedrichshafen AG, TRW Automotive, Angstrom Automotive Group, ACDelco, Magneti Marelli, etc.
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