According to our (Global Info Research) latest study, the global Car Strut market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.
Car strut exists as a mechanical component which is intended to repel longitudinal density. Car struts provide support in outward direction and allows to keep other components detached. Car strut is a component of a vehicle chassis, car strut can be used as an inactive braces to strengthen the chassis and the body or as an active component of suspension. Car struts are basically an arrangement of shock absorber and a spring. The spring supports the weight of the vehicle and helps adapt to the road irregularities. The key purpose of a car strut is to work as a shock absorber as a damper that has the ability to provide support to the sideways loads and not along the axis of compression, which is similar to sliding pillar suspension. Because of its shock absorption property car strut must have more tough design. The most commonly used form of car strut is MacPherson strut. It contains a spring and a shock absorber in a distinct unit, because of which all wheels are affixed to the body of the car in a suspension system.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
The Global Info Research report includes an overview of the development of the Car Strut industry chain, the market status of OEM (Coilover Strut, Gas Charged Strut), Aftermarket (Coilover Strut, Gas Charged Strut), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Car Strut.
Regionally, the report analyzes the Car Strut markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Car Strut market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Car Strut market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Car Strut industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Coilover Strut, Gas Charged Strut).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Car Strut market.
Regional Analysis: The report involves examining the Car Strut market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Car Strut market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Car Strut:
Company Analysis: Report covers individual Car Strut manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Car Strut This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (OEM, Aftermarket).
Technology Analysis: Report covers specific technologies relevant to Car Strut. It assesses the current state, advancements, and potential future developments in Car Strut areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Car Strut market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Car Strut market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Coilover Strut
Gas Charged Strut
Pneumatic Strut
Market segment by Application
OEM
Aftermarket
Major players covered
ZF
Tenneco
KYB
Showa
Magneti Marelli
Mando
Bilstein
KONI
Anand
Hitachi
Chuannan Absorber
Ride Control
CVCT
Faw-Tokico
ALKO
Ningjiang Shanchuan
Jiangsu Bright Star
Chengdu Jiuding
Wanxiang
Yaoyong Shock
Endurance
Chongqing Sokon
BWI Group
Zhejiang Sensen
Liuzhou Carrera
S&T Motiv
Chongqing Zhongyi
Zhongxing Shock
Escorts Group
Tianjin Tiande
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Car Strut product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Car Strut, with price, sales, revenue and global market share of Car Strut from 2019 to 2024.
Chapter 3, the Car Strut competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Car Strut breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Car Strut market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Car Strut.
Chapter 14 and 15, to describe Car Strut sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Car Strut. Industry analysis & Market Report on Car Strut is a syndicated market report, published as Global Car Strut Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Car Strut market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.