The report aims to provide an overview of Automotive Strut Market with detailed market segmentation by material, vehicle type, and geography. The global automotive strut market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive strut market players and offers key trends and opportunities in the market.
The report also includes the profiles of key automotive strut companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
Top Key Players:- Hitachi Automotive Systems Americas, Inc., KONI BV (ITT Inc), KYB Corporation, Magneti Marelli S.p.A., Ride Control, LLC, SUSPA GmbH, Tenneco Inc., thyssenkrupp Bilstein GmbH, VIEROL AG, ZF Friedrichshafen AG
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The automotive strut market is projected to experience high growth on account of an increase in the sale of electric vehicles and the demand for suspension systems in heavy commercial vehicles. Moreover, demand for comfort and safety is further expected to propel the market growth. However, high development and adoption costs may hamper the growth of the automotive strut market during the forecast period. Nevertheless, the use of lightweight material is expected to showcase symbolic growth prospects for the automotive strut market in the coming years.
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Strut forms an essential part of the suspension system in a vehicle. It is attached to the front wheels and is used to absorb road shock for a smooth riding experience. Strut assembly mainly consists of spring and shock absorbers. As the demand for luxury vehicles and enhanced driving experience is rising, the need for strut in cars is expanding. The high production of vehicles and increasing automotive sales create a favorable landscape for the players operating in the automotive strut market during the forecast period.
The report analyzes factors affecting automotive strut market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the automotive strut market in these regions.
Table of Contents:
- Key Takeaways
- Research Methodology
- Automotive Strut Market Landscape
- Automotive Strut Market – Key Market Dynamics
- Automotive Strut Market – Global Market Analysis
- Automotive Strut Market – Revenue and Forecasts to 2027 – Product Type
- Automotive Strut Market – Revenue and Forecasts to 2027 – Application
- Automotive Strut Market – Revenue and Forecasts to 2027 – Compound
- Automotive Strut Market Revenue and Forecasts to 2027 – Geographical Analysis
- Industry Landscape
- Automotive Strut Market, Key Company Profiles
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