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Global Car Strut Market: By Category: Sealed, Repairable; By Type of Material: Steel, Aluminum, Fiber-Reinforced Plastic; By Location of Usage: Front, Rear; By Type: Gas Strut, Others; By Vehicle Type; Regional Analysis; Historical Market and Forecast (2016-2026); Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Car Strut Market Outlook
The global car strut market is expected to be driven by the rising demand for automotive suspension market, which is likely to grow at a CAGR of 3% in the forecast period of 2021-2026.
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Asia Pacific to be One of the Leading Markets in the Car Strut Industry
The Asia Pacific is one of the dominant regions for both shock absorber and strut market and is estimated to maintain its leadership in the global market during the forecast period, owing to the significant expansion of the auto industry, continuous increase in sales of passenger vehicles and commercial vehicles, and rise in the production plants of vehicle in countries such as China, Japan, and India. The automotive shock absorber and struts market in Europe and North America is also projected to expand at a steady pace during the forecast period.
Car Strut: Industry Definition and Segmentation
Car strut acts as a mechanical component designed to repel longitudinal density. Car struts offer protection in the outward direction and allow other components to be kept separate. Car strut is a component of a vehicle frame, the car strut may be used as an inactive brace to support the chassis and body or as an active suspension component. Car struts are essentially a shock absorber structure and a spring. The spring maintains the weight of the vehicle and helps to adjust to road irregularities. The main function of a car strut is to serve as a shock absorber as a damper capable of handling sideways loads and not along the compression axis.
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Based on category, the industry can be divided into the following:
- Sealed
- Repairable
The type of material can be segmented as follows:
The location of usage of car strut can be categorised as follows:
- Front
- Rear
The type of the product can be segmented as follows:
- Gas Strut
- Pneumatic Strut
- Air Strut
- Others
The vehicle type can be categorised into the following:
- Passenger
- Commercial
The regional markets for car strut can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Automotive Sector Bolstering the Market Growth of Car Strut
The growth of the market is primarily being driven by the automotive industry. The growth in the penetration of coil springs in automobiles is expected to fuel the demand for automotive struts. The increase in the number of passenger vehicles is expected to improve the development of automotive struts during the forecast period. Increasing demand for lightweight strut materials is another significant trend likely to fuel the growth of the automotive struts industry. In addition, growing awareness of passenger safety is propelling the demand for advanced suspension systems. This, in fact, is driving the demand for automotive struts.
Key Industry Players in the Global Car Strut Market
The report gives a detailed analysis of the following key players in the global car strut market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- KYB corporation
- Bilstein GmbH
- ZF Friedrichshafen AG
- Hitachi Automotive Systems, Ltd.
- Gabriel India Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Car Strut Market Analysis
8.1 Key Industry Highlights
8.2 Global Car Strut Historical Market (2016-2020)
8.3 Global Car Strut Market Forecast (2021-2026)
8.4 Global Car Strut Market by Category
8.4.1 Sealed
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Repairable
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global Car Strut Market by Type of Material
8.5.1 Steel
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Aluminum
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Fiber-Reinforced Plastic
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Others
8.6 Global Car Strut Market by Location of Usage
8.6.1 Front
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Rear
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.7 Global Car Strut Market by Type
8.7.1 Gas Strut
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2016-2020)
8.7.1.3 Forecast Trend (2021-2026)
8.7.2 Pneumatic Strut
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2016-2020)
8.7.2.3 Forecast Trend (2021-2026)
8.7.3 Air Strut
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2016-2020)
8.7.3.3 Forecast Trend (2021-2026)
8.7.4 Others
8.8 Global Car Strut Market by Vehicle Type
8.8.1 Passenger
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2016-2020)
8.8.1.3 Forecast Trend (2021-2026)
8.8.2 Commercial
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2016-2020)
8.8.2.3 Forecast Trend (2021-2026)
8.9 Global Car Strut Market by Region
8.9.1 Market Share
8.9.1.1 North America
8.9.1.2 Europe
8.9.1.3 Asia Pacific
8.9.1.4 Latin America
8.9.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 KYB corporation
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Bilstein GmbH
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 ZF Friedrichshafen AG
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Hitachi Automotive Systems, Ltd.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Gabriel India Limited
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Development
List of Figures and Tables
1. Global Car Strut Market: Key Industry Highlights, 2016 and 2026
2. Global Car Strut Historical Market: Breakup by Category (USD Billion), 2016-2020
3. Global Car Strut Market Forecast: Breakup by Category (USD Billion), 2021-2026
4. Global Car Strut Historical Market: Breakup by Type of Material (USD Billion), 2016-2020
5. Global Car Strut Market Forecast: Breakup by Type of Material (USD Billion), 2021-2026
6. Global Car Strut Historical Market: Breakup by Location of Usage (USD Billion), 2016-2020
7. Global Car Strut Market Forecast: Breakup by Location of Usage (USD Billion), 2021-2026
8. Global Car Strut Historical Market: Breakup by Type (USD Billion), 2016-2020
9. Global Car Strut Market Forecast: Breakup by Type (USD Billion), 2021-2026
10. Global Car Strut Historical Market: Breakup by Vehicle Type (USD Billion), 2016-2020
11. Global Car Strut Market Forecast: Breakup by Vehicle Type (USD Billion), 2021-2026
12. Global Car Strut Historical Market: Breakup by Region (USD Billion), 2016-2020
13. Global Car Strut Market Forecast: Breakup by Region (USD Billion), 2021-2026
14. North America Car Strut Historical Market: Breakup by Country (USD Billion), 2016-2020
15. North America Car Strut Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Europe Car Strut Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Europe Car Strut Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Asia Pacific Car Strut Historical Market: Breakup by Country (USD Billion), 2016-2020
19. Asia Pacific Car Strut Market Forecast: Breakup by Country (USD Billion), 2021-2026
20. Latin America Car Strut Historical Market: Breakup by Country (USD Billion), 2016-2020
21. Latin America Car Strut Market Forecast: Breakup by Country (USD Billion), 2021-2026
22. Middle East and Africa Car Strut Historical Market: Breakup by Country (USD Billion), 2016-2020
23. Middle East and Africa Car Strut Market Forecast: Breakup by Country (USD Billion), 2021-2026
24. Global Car Strut Market Structure
Key Questions Answered in the Report
The global car strut market is being aided by the growth of the global automotive suspension market, which is projected to grow at a CAGR of 3% between 2021 and 2026.
The major drivers of the industry include rising disposable incomes, increasing population, rising automotive industry, rapid urbanization in developing countries, and the growing demand for automotive suspension.
The rising awareness regarding vehicle comfort and safety among consumers is expected to be a key trend guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major categories of car strut in the market are sealed and repairable.
The leading types of material of car strut in the industry are steel, aluminium, and fibre-reinforced plastic, among others.
The significant locations of usage in the market are front and rear.
The leading types of car strut in the industry are gas strut, pneumatic strut, and air strut, among others.
The major vehicle types in the market are passenger and commercial.
The major players in the industry are KYB corporation, Bilstein GmbH, ZF Friedrichshafen AG, Hitachi Automotive Systems, Ltd., and Gabriel India Limited, among others.
Analyst Review
The global car strut market is being driven by the rising automotive suspension market. Aided by the rising automotive industry, the automotive suspension market is expected to witness a moderate growth in the forecast period of 2021-2026, growing at a CAGR of 3%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By category, the market is bifurcated into sealed and repairable. Based on type of material, the industry is segmented into steel, aluminium, and fibre-reinforced plastic, among others. On the basis of location of usage, the market is divided into front and rear. By type, the industry is categorised into gas strut, pneumatic strut, and air strut, among others. Based on vehicle type, the market is divided into passenger and commercial. The key players in the above market include KYB corporation, Bilstein GmbH, ZF Friedrichshafen AG, Hitachi Automotive Systems, Ltd., and Gabriel India Limited, 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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