The global automotive control arms market research report by Technavio predicts the market to post a CAGR of close to 4% during the period 2018-2022.
A key driver for the global automotive control arms market is the low cost of automotive control arms. The low cost of ownership of these control arms makes them budget-friendly components, which drives their penetration rate in suspension systems that are used in the majority of vehicles. The automotive control arms form a crucial part of a vehicle’s suspension system and steering system and help in improving the comfort level for passengers.
This global automotive control arms market research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
In this report, Technavio highlights the use of 3D modeling in the design and development of control arms as one of the key trends in the global automotive control arms market:
WANT TO BUILD A FINANCIAL EMPIRE?
Subscribe to the Global Banking & Finance Review Newsletter for FREE Get Access to Exclusive Reports to Save Time & Money
By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
Global automotive control arms market: Use of 3D modeling in design and development of control arms
The control arms are one of the most important parts in the vehicle suspension system and set up as they manage the lateral and longitudinal movements of the wheel. Thus, for optimum management of vibrations of the wheel owing to road irregularities, proper design, and development of control arms have become crucial. The vendors of automotive control arms are making use of advanced 3D simulation techniques and designing software to develop control arms.
The designers and engineers of control arms have been incorporating static structural analysis techniques to determine stress, safety factor, and deformation quotient of control arms. After studying and analyzing such parameters in detail, designers then use different optimization approaches to enhance the structural rigidity of control arms, says a senior analyst at Technavio for research on automotive components.
Global automotive control arms market: Segmentation analysis
This automotive control arms market analysis report segments the market by application (passenger vehicles and commercial vehicles) and geography (the Americas, APAC, and EMEA).
The passenger vehicles segment held the largest automotive control arms market share in 2017, accounting for over 77% of the market. This application segment is expected to dominate the global market throughout the forecast period.
The APAC region led the market in 2017 with approximately 54% of the market share, followed by EMEA and the Americas respectively. The APAC region is expected to dominate the market throughout the period 2018-2022.
Looking for more information on this market? Request a free sample report
Technavios sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavios report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at [email protected].
Media & Marketing Executive
+1 844 364 1100
UK: +44 203 893 3200