Market Overview:
The global Pitman arm market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. Additionally, rising awareness about safety features in vehicles is also propelling the growth of this market. The OEM segment is expected to hold a major share of the global Pitman arm market during the forecast period. This can be attributed to factors such as technological advancements and rising demand for luxury cars and SUVs across different regions.
Product Definition:
The Pitman arm is a component of the steering system in automobiles and other vehicles. It is named for its inventor, Isaac Pitman. The arm pivots on the steering column and connects to the pitman shaft, which connects to the rack gear that turns the wheels. The arm's action causes a rotational force on the pitman shaft, which transmits torque to the rack gear and then turns the wheels.
OEM Market:
OEM market is short for Original Equipment Manufacturers. It's a group of companies engaged in manufacturing the equipment and tools required to produce another company's products. OEMs are majorly categorized into two types: those who manufacture complete systems, and those who only manufacture parts & components. The former type includes heavy industries such as automobiles, aerospace & defense, construction machinery etc., while the latter includes companies such as Pitman Arm Inc.
Aftermarket:
Aftermarket is the second hand or new part of any manufactured product. Aftermarket products are used in Pitman arm market to repair, replace or modify the performance of a machine. The main function of aftermarket parts is to fix errors that occurred during the manufacturing process and make it again like new condition with improved features and better efficiency.
Application Insights:
SUV application dominated the overall market in terms of revenue share in 2017. Pitman arm is used for steering wheel position adjustment and angle adjustment of vehicle¢â‚¬â„¢s front wheels. These arms are also used for controlling various functions, such as opening and closing vehicle doors, operating mirrors, and operating entertainment systems among others. The commercial vehicles segment is expected to witness significant growth over the forecast period owing to rising demand from developing countries such as India, China Pakistan & Bangladesh among others.
The other application segment includes personal cars or light commercial vehicles (LCVs). LCVs are more likely to be equipped with basic features required in pitman arm including adjustable steering wheel position and angle control function of front wheels.
Regional Analysis:
North America dominated the global market in 2017 and will retain its position throughout the forecast period. The growing demand for advanced safety systems, stringent regulations for driver distraction mitigation systems, and high rate of vehicle recalls are some of the major factors contributing to regional growth. For instance, as per a recall list by NHTSA (National Highway Traffic Safety Administration), over 30 million vehicles were recalled in U.S from 2012 to 2016 due to various defects such as fire risk in gas pedalbrids or power steering units.
Asia Pacific is expected to be one of the fastest-growing regions during the forecast period owing to increasing disposable income levels and rising consumer awareness regarding road safety issues coupled with government initiatives & policies on vehicular safety standards & regulation development across emerging economies including India, China, Indonesia among others which are anticipated would fuel regional product demand over next eight years till 2030 time frame.
Growth Factors:
- Increasing demand from the automotive industry for Pitman arms as they are used in steering systems.
- Growing popularity of off-road vehicles and SUVs, which use Pitman arms for steering control.
- Rising demand for agricultural equipment that uses Pitman arms for precision steering.
- Increasing use of hydraulic cylinders in industrial applications, which has led to an increase in demand for Pitman arms as well.
- Technological advancements that have led to the development of more compact and lightweight Pitman arms, making them ideal for smaller applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Pitman Arm Market Research Report
By Type
OEM Market, Aftermarket
By Application
Sedan, SUV, Commercial Vehicle, Others
By Companies
MOOG, Rare Parts, Driveworks, Powercraft, TRW, International Suspension Group, CARQUEST Chassis Part, Crown Auto Jeep Replacmnt, Omix-Ada, Skyjacker, ACDelco, ALLMAKES 4X4, APA/URO Parts, Beck/Arnley, Delphi, Dorman, Febi, First Equipment Quality, Genuine, Lemfoerder, Mopar, National, OES Genuine, Original Equipment, QSTEN, RT Offroad, Rein, Rugged Ridge, Sankei 555
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Pitman Arm Market Report Segments:
The global Pitman Arm market is segmented on the basis of:
Types
OEM Market, Aftermarket
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Sedan, SUV, Commercial Vehicle, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MOOG
- Rare Parts
- Driveworks
- Powercraft
- TRW
- International Suspension Group
- CARQUEST Chassis Part
- Crown Auto Jeep Replacmnt
- Omix-Ada
- Skyjacker
- ACDelco
- ALLMAKES 4X4
- APA/URO Parts
- Beck/Arnley
- Delphi
- Dorman
- Febi
- First Equipment Quality
- Genuine
- Lemfoerder
- Mopar
- National
- OES Genuine
- Original Equipment
- QSTEN
- RT Offroad
- Rein
- Rugged Ridge
- Sankei 555
Highlights of The Pitman Arm Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- OEM Market
- Aftermarket
- By Application:
- Sedan
- SUV
- Commercial Vehicle
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pitman Arm Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Pitman arm is a type of lever that uses a fulcrum to change the position of its pivot point. This allows it to move an object or load in one direction while resisting movement in the opposite direction.
Some of the major companies in the pitman arm market are MOOG, Rare Parts, Driveworks, Powercraft, TRW, International Suspension Group, CARQUEST Chassis Part, Crown Auto Jeep Replacmnt, Omix-Ada, Skyjacker, ACDelco, ALLMAKES 4X4, APA/URO Parts, Beck/Arnley, Delphi, Dorman, Febi, First Equipment Quality, Genuine, Lemfoerder, Mopar, National, OES Genuine, Original Equipment, QSTEN, RT Offroad, Rein, Rugged Ridge, Sankei 555.
The pitman arm market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pitman Arm Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Pitman Arm Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pitman Arm Market - Supply Chain
4.5. Global Pitman Arm Market Forecast
4.5.1. Pitman Arm Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pitman Arm Market Size (000 Units) and Y-o-Y Growth
4.5.3. Pitman Arm Market Absolute $ Opportunity
5. Global Pitman Arm Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Pitman Arm Market Size and Volume Forecast by Type
5.3.1. OEM Market
5.3.2. Aftermarket
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Pitman Arm Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Pitman Arm Market Size and Volume Forecast by Application
6.3.1. Sedan
6.3.2. SUV
6.3.3. Commercial Vehicle
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Pitman Arm Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Pitman Arm Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Pitman Arm Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Pitman Arm Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Pitman Arm Demand Share Forecast, 2019-2026
9. North America Pitman Arm Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Pitman Arm Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Pitman Arm Market Size and Volume Forecast by Application
9.4.1. Sedan
9.4.2. SUV
9.4.3. Commercial Vehicle
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Pitman Arm Market Size and Volume Forecast by Type
9.7.1. OEM Market
9.7.2. Aftermarket
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Pitman Arm Demand Share Forecast, 2019-2026
10. Latin America Pitman Arm Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Pitman Arm Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Pitman Arm Market Size and Volume Forecast by Application
10.4.1. Sedan
10.4.2. SUV
10.4.3. Commercial Vehicle
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Pitman Arm Market Size and Volume Forecast by Type
10.7.1. OEM Market
10.7.2. Aftermarket
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Pitman Arm Demand Share Forecast, 2019-2026
11. Europe Pitman Arm Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Pitman Arm Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Pitman Arm Market Size and Volume Forecast by Application
11.4.1. Sedan
11.4.2. SUV
11.4.3. Commercial Vehicle
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Pitman Arm Market Size and Volume Forecast by Type
11.7.1. OEM Market
11.7.2. Aftermarket
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
1.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Pitman Arm Demand Share, 2019-2026
12. Asia Pacific Pitman Arm Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Pitman Arm Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Pitman Arm Market Size and Volume Forecast by Application
12.4.1. Sedan
12.4.2. SUV
12.4.3. Commercial Vehicle
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Pitman Arm Market Size and Volume Forecast by Type
12.7.1. OEM Market
12.7.2. Aftermarket
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Pitman Arm Demand Share, 2019-2026
13. Middle East & Africa Pitman Arm Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Pitman Arm Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Pitman Arm Market Size and Volume Forecast by Application
13.4.1. Sedan
13.4.2. SUV
13.4.3. Commercial Vehicle
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Pitman Arm Market Size and Volume Forecast by Type
13.7.1. OEM Market
13.7.2. Aftermarket
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Pitman Arm Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Pitman Arm Market: Market Share Analysis
14.2. Pitman Arm Distributors and Customers
14.3. Pitman Arm Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. MOOG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Rare Parts
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Driveworks
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Powercraft
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TRW
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. International Suspension Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CARQUEST Chassis Part
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Crown Auto Jeep Replacmnt
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Omix-Ada
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Skyjacker
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ACDelco
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ALLMAKES 4X4
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. APA/URO Parts
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Beck/Arnley
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Delphi
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Dorman
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Febi
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. First Equipment Quality
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Genuine
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Lemfoerder
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
