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Global Centre and Drag Link Market: By GVW: Less Than 8000 lb. GVW, Between 8000-15000 lb. GVW, Greater Than 15000 lb. GVW; By Vehicle Type: Light-Duty Vehicles, Medium-Duty Vehicles, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Centre and Drag Link Market Outlook
The global centre and drag link market is expected to grow at a CAGR of 6.3% during the period 2023-2028. The global market is likely to be driven by the necessity of centre and drag links in various passenger and carriage vehicles. North America, Europe and Asia are expected to be key markets.
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Global Market Likely to be Driven by Necessity of Centre and Drag Links in Passenger and Carriage Vehicles
Centre and drag link is a crucial part of a vehicle’s steering system; a functional and reliable centre and drag link helps keep the vehicle safe when on the road. The centre and drag link (also called the centre link), is connected to both the Pitman and idler arms at either end, and joined to the inner tie rods. The centre and drag link is meant to manoeuvre inner tie rod ends to enable a vehicle’s wheels to turn properly when the steering wheel is moved. Centre and drag link assembly is an important part in passenger and carriage vehicles, which connects the steering wheel to the front wheel of the vehicle which turns when the steering wheel rotate.
The global centre and drag link market is expected to be driven by high-quality products by leading companies. Companies like Moog offer long-lasting steering solutions. For example, Centre and Drag Links by Moog feature MOOG® engineered forged steel composition resulting in a stronger component, Problem Solver® powdered-metal gusher bearing design which enables grease to flow through the bearing to the stud for reduced friction and enhanced strength and stability, Problem Solver® pressed-in patented cover plate design allows for tighter tolerances as against traditional cover plate designs, providing a more durable and extended life part, and greaseable socket design allows new lubricant to flush contaminants from the assembly, reducing corrosion and wear.
ACDelco Silver (Advantage) Steering Centre Links control left and right linkage movement and serve as economical replacement components for GM and non-GM vehicles. These centre links are made of hot-forged alloy steel for excellent strength and coated to help provide rust resistance. Their low-friction constant-torque pivot joints also provide accurate vertical movement. These dependable aftermarket steering centre links offer quality and performance, all at an economical price.
The Need to Replace Defective Centre and Drag Link in Vehicles Expected to Sustain Market Growth
With time, the ball joints and centre and drag link may wear out or become damaged. If a defect occurs in the centre and drag link, the vehicle may begin to vibrate and wobble while driving. Such a situation is dangerous, and it is important to have the centre and drag link replaced. Some signs that the centre link might need to be replaced include: vibrations from the wheels while driving, wheel alignment is off, car wobbling while driving, poor car handling, and vibrations in the steering wheel. The need for replacement of worn out or defective centre and drag link with new units is expected to maintain demand and stimulate the global centre and drag link market.
Market Segmentation
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By GVW, the market is segmented into:
- Less Than 8000 lb. GVW
- Between 8000-15000 lb. GVW
- Greater Than 15000 lb. GVW
By vehicle type, the market is divided into:
- Light-Duty Vehicles
- Medium-Duty Vehicles
- Heavy-Duty Vehicles
By region, the market is classified into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Market
The report presents a detailed analysis of the following key players in the global centre and drag link market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Powers & Sons, LLC
- ZF Friedrichshafen AG
- Rane Group
- TAHIKO Co., Ltd
- DRiV Incorporated (Tenneco Inc.)
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by GVW |
|
| Breakup by Vehicle Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Centre and Drag Link Market Analysis
8.1 Key Industry Highlights
8.2 Global Centre and Drag Link Historical Market (2018-2022)
8.3 Global Centre and Drag Link Market Forecast (2023-2028)
8.4 Global Centre and Drag Link Market by GVW
8.4.1 Less Than 8000 lb. GVW
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Between 8000-15000 lb. GVW
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Greater Than 15000 lb. GVW
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Centre and Drag Link Market by Vehicle Type
8.5.1 Light-Duty Vehicles
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Medium-Duty Vehicles
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Heavy-Duty Vehicles
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Global Centre and Drag Link Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Centre and Drag Link Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Centre and Drag Link Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Centre and Drag Link Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Centre and Drag Link Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Centre and Drag Link Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Powers & Sons, LLC
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 ZF Friedrichshafen AG
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Rane Group
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 TAHIKO Co., Ltd
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 DRiV Incorporated (Tenneco Inc.)
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Centre and Drag Link Market: Key Industry Highlights, 2018 and 2028
2. Global Centre and Drag Link Historical Market: Breakup by GVW (USD Million), 2018-2022
3. Global Centre and Drag Link Market Forecast: Breakup by GVW (USD Million), 2023-2028
4. Global Centre and Drag Link Historical Market: Breakup by Vehicle Type (USD Million), 2018-2022
5. Global Centre and Drag Link Market Forecast: Breakup by Vehicle Type (USD Million), 2023-2028
6. Global Centre and Drag Link Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Centre and Drag Link Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Centre and Drag Link Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Centre and Drag Link Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Centre and Drag Link Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Centre and Drag Link Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Centre and Drag Link Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Centre and Drag Link Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Centre and Drag Link Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Centre and Drag Link Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Centre and Drag Link Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Centre and Drag Link Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Centre and Drag Link Market Structure
Key Questions Answered in the Report
The global centre and drag link market is projected to grow at a CAGR of 6.3% between 2023 and 2028.
The major drivers of the market include the growing end user inclination towards the improved and effective vehicle components, increasing demand for the expansion of more tough and strong products, increasing number of players in the centre and drag link market, and technological developments in the automotive industry.
The necessity of centre and drag links in various passenger and carriage vehicles and improvement in the stock keeping units (SKUs) are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on GVW, the market is segmented into less Than 8000 lb. GVW, between 8000-15000 lb. GVW, and greater Than 15000 lb. GVW.
The different types of vehicles in the market are light-duty vehicles, medium-duty vehicles, and heavy-duty vehicles.
The major players in the industry are Powers & Sons, LLC, ZF Friedrichshafen AG, Rane Group, TAHIKO Co., Ltd, and DRiV Incorporated (Tenneco Inc.), among others.
Analyst Review
The global centre and drag link market was driven by the necessity of centre and drag links in various passenger and carriage vehicles in the historical period. Aided by the growing end-user inclination towards the improved and effective vehicle components and increasing demand for the expansion of more tough and strong products, the market is expected to grow at a CAGR of 6.3% in the forecast period of 2023-2028.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on GVW, the market is segmented into less than 8000 lb. GVW, between 8000-15000 lb. GVW, and greater than 15000 lb. GVW. The different types of vehicles in the market are light-duty vehicles, medium-duty vehicles, and heavy-duty vehicles. The major regional markets for centre and drag link market are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the industry are Powers & Sons, LLC, ZF Friedrichshafen AG, Rane Group, TAHIKO Co., Ltd, and DRiV Incorporated (Tenneco Inc.), among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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