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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 2024-2032.
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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 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:
The type of material can be segmented as follows:
The location of usage of car strut can be categorised as follows:
The type of the product can be segmented as follows:
The vehicle type can be categorised into the following:
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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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.
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:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Category |
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Breakup by Type of Material |
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Breakup by Location of Usage |
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Breakup by Type |
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Breakup by Vehicle Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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 2024 and 2032.
The major drivers of the market include the growing automotive market and the surging demand for automotive suspension.
The rising awareness regarding vehicle comfort and safety among consumers and the rapid urbanisation in developing countries are the key trends guiding the growth of the market.
The major regions in the market 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 market 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 market are gas strut, pneumatic strut, and air strut, among others.
The major vehicle types in the market are passenger and commercial.
The key players in the global car strut market are KYB corporation, Bilstein GmbH, ZF Friedrichshafen AG, Hitachi Automotive Systems, Ltd., and Gabriel India Limited, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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