Strut Systems size shall reach a value of $x Million in 2027, growing with a CAGR of 10.2% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
A strut is a structural element that functions as a steering pivot for the front wheels of a vehicle. The shock components inside of the strut perform as an over-sized shock absorber while the spring carries the vehicles weight. Strut systems are designed with fixed beams, simple beams, continuous beams, cantilever beams, and deflection beams.
A strut is a significant mechanical element of products mainly used in architectural, engineering, aeronautical, and anatomy applications. It mainly works by avoiding longitudinal compression and in difficulty. A strut system is used to mount, brace, connect, and support lightweight structural loads in construction industries. These systems are also used in mechanical and electric systems such as ventilation systems and air-conditioning systems.
Strut systems are adjustable and reusable, with a complete line of accessories, channels, and fittings for use in some applications such as welding and drilling. They are produced from a corrosion-resistant material known as fiberglass. Struts are known for their lightweight, rigidity, and strength.
Strut Systems Market Growth and Trends
Driving factors for the industry :
• Struts are manufactured and are highly demanded among various end-sector consumers owing to its rigidity light weight and strengthefficiency.
• Growing demand for strut system for use in installation and building support system for mechanical, electrical and plumbing application, these features act as key drivers for the growth and demand of the global strut system market.
• Consistent inclination of consumers towards a highly comfortable and luxurious life in developed and developing economies is expected to drive and demand of the global strut system market during the forecasted period.
• Increasing demand for light weight accessories and channels in auto motive and construction sectors in major countries across the world is anticipated to boost the strut system market in next few years.
• North America and Asia-Pacific region is estimated to hold a significant market share during the forecasted period due to rapid globalization and presence of well established emerging market players in the region, thereby augmenting the growth and demand for the global strut system market.
• Passenger car segment is anticipated to be the most fastest growing segment among all other segment of the automotive suspension market, using the strut system on a huge scale, mainly due to growing consumer disposable income and easy financial options related to its owner-ship, there by these factor are expected to augment the growth and demand of the strut system market globally.
• Strong awareness policies and fuel efficiency regulations by govt of various countries across the world has ensure higher consumption of strut system market in proper regulatory instruction, thereby boosting the demand and growth of the strut system global market.
• Rising technological adoption like efficient mobility electric and hybrid vehicle are directly responsible for the massive growth of the industrial strut system market globally and also aiming to introduce more innovative advancement to the market, promising rapid market growth.
Challenges for the industry :High installation and maintenance cost of suspension system owing to global vehicle standard upgradation are some of the most important challenging factor which may hamper and adversely affect the global strut system market.
Strut Systems Market Regional Analysis
Strut Systems Market Share and Competition
Key companies operating in this industry are: EATON Corporation Inc., Cooper Industries, Aetna Plastics Corp., Enduro Pipeline Services, Inc., Unistrut Corporation, Atlas Supply Co., Hilti Corporation ERICO Products, Inc., Carpenter & Paterson, Inc., Gregory Industries Inc., and Guenther Supply, Inc. Similar industries in this domain that is growing at a high CAGR include Gas Struts and Spring Systems Market and Disc Spring Market.
Strut Systems Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Sales Channel Analysis (Revenue, USD Million, 2020 - 2027)
• Original Equipment Manufacturer (OEM)
• Aftermarket (Retail and E-commerce)
Application Analysis (Revenue, USD Million, 2020 - 2027)
Strut Clamp Analysis (Revenue, USD Million, 2020 - 2027)
• Universal Pipe Clamp
• Universal Beam Clamp
• Strengthening Clamp
Material Analysis (Revenue, USD Million, 2020 - 2027)
• Carbon Steel
• Stainless Steel
Strut System Trapeze Solution Analysis (Revenue, USD Million, 2020 - 2027)
• Flip Clip Solution
• Turn & Lock Solution
Industry Analysis (Revenue, USD Million, 2020 - 2027)
• Oil & Gas
• Food & Beverages
• IT & Telecommunication
• Aerospace & Defense
• Electronic & Consumer Goods
• Power Generation Systems
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Strut Systems Market Companies
• EATON Corporation Inc.
• Cooper Industries
• Aetna Plastics Corp.
• Enduro Pipeline Services, Inc.
• Unistrut Corporation
• Atlas Supply Co.
• Hilti Corporation ERICO Products, Inc.
• Carpenter & Paterson, Inc.
• Gregory Industries Inc.
• Guenther Supply, Inc.
Available Versions: -
United States Strut Systems Market Research Report
Europe Strut Systems Market Research Report
Asia Pacific Strut Systems Market Research Report
India Strut Systems Market Research Report
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