Struts System Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0208714
  • Format: Electronic (PDF)
  • Number of Pages: 219
  • Author(s): Joshi, Madhavi

Report Overview

The Struts System Market size was estimated at USD 12.5 billion in 2023 and is projected to reach USD 19.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.00% during the forecast period (2024-2030).

Struts System Market

(Market Size)
$12.5 billion
$19.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 7.00%
2023 Market Size USD 12.5 billion
2030 Market Size USD 19.5 billion
Key Players Unistrut, Eaton, ERICO, Cooper B-Line, Anvil

Market Summary

The struts system market is a critical segment within the manufacturing and construction industries, providing essential support and stabilization components for a wide range of applications. Struts, which include both mechanical and gas-filled types, are utilized to support, brace, and dampen movements in various structures and machinery. These systems are integral in enhancing safety, stability, and operational efficiency across multiple sectors. The market is characterized by steady demand driven by ongoing infrastructure development, industrial automation, and the need for maintenance and upgrades in existing facilities. Key players in this market focus on innovation, durability, and compliance with international safety standards to meet the evolving needs of end-users. The adoption of advanced materials and manufacturing techniques has further propelled market growth, ensuring that strut systems can withstand harsh environments and heavy loads. As industries continue to prioritize safety and efficiency, the struts system market remains a vital component of global industrial operations.

The manufacturing sector relies heavily on strut systems for machinery support, conveyor systems, and assembly line setups, where precision and reliability are paramount. In construction, struts are indispensable for scaffolding, framework support, and seismic reinforcement, contributing to the structural integrity of buildings and infrastructure projects. The market is also influenced by regulatory standards that mandate the use of high-quality support systems to prevent accidents and ensure long-term durability. Additionally, the trend towards modular and prefabricated construction methods has increased the demand for versatile and easy-to-install strut systems. Companies operating in this market are continuously engaged in research and development to introduce products that offer better performance, easier installation, and lower maintenance costs. The struts system market is thus a dynamic and essential industry supporting the backbone of modern manufacturing and construction activities.

Key Highlights

One of the key highlights of the struts system market is the increasing integration of smart technologies and IoT-enabled components. These advancements allow for real-time monitoring of load conditions, predictive maintenance, and enhanced safety features, which are particularly valuable in high-risk environments such as construction sites and industrial plants. Another significant trend is the growing emphasis on sustainability, with manufacturers developing strut systems from recycled materials and designing products for longer lifecycles to reduce environmental impact. The market has also seen a rise in customization, where strut systems are tailored to specific applications, offering optimized performance for unique operational requirements. Collaboration between strut manufacturers and end-user industries has led to innovations that address specific challenges, such as resistance to extreme temperatures, corrosion, and dynamic loads. These developments underscore the market's adaptability and its critical role in supporting industrial growth and infrastructure resilience.

Furthermore, the struts system market is witnessing increased consolidation through mergers and acquisitions, as leading companies seek to expand their product portfolios and geographic reach. This strategic move enables firms to offer comprehensive solutions that cater to a broader range of applications and customer needs. The adoption of automated manufacturing processes has also improved production efficiency, reducing costs and lead times while maintaining high quality standards. Regulatory compliance remains a top priority, with strut systems needing to meet stringent international codes and certifications to ensure safety and reliability. The market's resilience during economic fluctuations highlights its foundational importance to core industries, with demand sustained by essential infrastructure projects and industrial maintenance activities. These key highlights illustrate a market that is both innovative and indispensable, driving progress in manufacturing and construction sectors worldwide.

Drivers, Opportunities & Restraints

The struts system market is primarily driven by the global surge in infrastructure development, including transportation networks, energy projects, and commercial construction. Government initiatives and investments in public works stimulate demand for high-quality strut systems that ensure structural safety and longevity. Industrial automation is another significant driver, as manufacturing facilities increasingly rely on robust support systems for machinery and equipment to enhance productivity and reduce downtime. The need for retrofitting and upgrading existing structures to meet modern safety standards also contributes to market growth, particularly in regions with aging infrastructure. Additionally, the expansion of the oil and gas, power generation, and automotive industries creates sustained demand for specialized strut systems designed to operate under extreme conditions. These drivers collectively foster a favorable environment for market expansion and innovation.

Opportunities in the struts system market abound in emerging economies, where rapid urbanization and industrialization are fueling construction and manufacturing activities. The adoption of green building practices presents another avenue for growth, with strut systems playing a role in sustainable construction by supporting energy-efficient designs and materials. Technological advancements, such as the development of lightweight yet high-strength composites, offer opportunities for product differentiation and performance enhancement. However, the market faces restraints including volatility in raw material prices, which can impact production costs and profit margins. Stringent regulatory requirements may also pose challenges for manufacturers, necessitating continuous investment in compliance and testing. Economic downturns can lead to reduced investment in construction and industrial projects, temporarily dampening demand. Despite these restraints, the market's underlying drivers and opportunities ensure its continued relevance and growth potential.

Concentration Insights

The struts system market exhibits a concentrated competitive landscape, with a few dominant players holding significant market share due to their extensive product portfolios, global presence, and strong R&D capabilities. Companies such as Barnes Group Inc., Suspa GmbH, and Stabilus GmbH are among the leaders, leveraging their expertise to cater to diverse industrial needs. These firms often engage in strategic partnerships, acquisitions, and collaborations to strengthen their market position and expand into new geographic regions. The concentration is also evident in the specialization of products, where certain companies focus on niche applications such as aerospace, automotive, or heavy construction, allowing them to command premium pricing and customer loyalty. This concentration fosters a environment of intense competition, driving innovation and quality improvements across the industry.

Regional concentration is another key aspect, with developed regions like North America and Europe hosting a majority of the leading manufacturers due to their advanced industrial bases and stringent safety regulations. However, emerging markets in Asia-Pacific are rapidly gaining traction, with local companies expanding their capabilities and competing on cost-effectiveness and customization. The market's concentration insights reveal that while large multinational corporations dominate, there is room for smaller players who can offer specialized solutions or cater to local demands. The trend towards consolidation is expected to continue, as companies seek to achieve economies of scale and enhance their competitive edge. This dynamic ensures that the struts system market remains both competitive and innovative, benefiting end-users with a wide range of high-quality products.

Type Insights

Strut systems are primarily categorized into mechanical struts and gas struts, each serving distinct purposes based on application requirements. Mechanical struts, including channel struts and pipe struts, are widely used in construction for framing, support, and bracing due to their robustness and ease of installation. These systems are often made from materials such as steel, aluminum, or stainless steel, offering varying levels of strength and corrosion resistance. Gas struts, on the other hand, are employed where controlled motion and damping are essential, such as in automotive hoods, industrial doors, and furniture. They consist of a cylinder filled with pressurized gas, providing smooth and reliable operation. The choice between mechanical and gas struts depends on factors like load capacity, environmental conditions, and desired functionality.

Within these broad categories, there are further subdivisions based on design and application-specific features. For instance, seismic struts are engineered to withstand earthquakes and vibrations, making them critical in regions prone to seismic activity. Adjustable struts offer flexibility in installation, allowing for precise alignment and support in complex structures. The market also sees innovation in hybrid systems that combine elements of both mechanical and gas struts to achieve optimal performance. Material advancements continue to influence type insights, with composites and coatings enhancing durability and reducing weight. Understanding these type insights is crucial for selecting the appropriate strut system, ensuring safety, efficiency, and cost-effectiveness in various industrial and construction scenarios.

Application Insights

In the manufacturing industry, strut systems are extensively used to support machinery, conveyor systems, and assembly lines, where they provide stability and reduce vibrations to enhance operational precision. They are also vital in material handling equipment, ensuring safe and efficient movement of goods within facilities. The construction sector relies on struts for structural support in buildings, bridges, and tunnels, as well as in temporary structures like scaffolding and formwork. In infrastructure projects, struts contribute to the integrity of pipelines, power transmission towers, and railway systems. The automotive industry utilizes gas struts for applications such as liftgates, hatches, and seats, offering convenience and safety. These diverse applications highlight the versatility and indispensability of strut systems across multiple domains.

Beyond traditional uses, strut systems find applications in emerging areas such as renewable energy, where they support solar panels and wind turbines, and in telecommunications for antenna mounting. The oil and gas sector employs specialized struts in drilling rigs and processing facilities to withstand harsh environments and heavy loads. In the aerospace industry, high-performance struts are critical for aircraft components, requiring adherence to rigorous safety standards. The adaptability of strut systems to various applications drives continuous innovation, with manufacturers developing custom solutions to meet unique challenges. This broad applicability ensures a steady demand stream, making the struts system market resilient and dynamic, aligned with the evolving needs of global industries.

Regional Insights

North America holds a significant share of the struts system market, driven by robust manufacturing and construction sectors, stringent safety regulations, and high investments in infrastructure upgrades. The presence of major industrial players and technological advancements further bolster regional growth. Europe follows closely, with strong demand from automotive, aerospace, and construction industries, supported by regulatory frameworks emphasizing quality and safety. The Asia-Pacific region is experiencing rapid growth due to urbanization, industrialization, and government initiatives in countries like China, India, and Southeast Asia, where large-scale infrastructure projects are underway. This region offers substantial opportunities for market expansion, driven by economic development and increasing adoption of modern construction techniques.

Latin America and the Middle East & Africa are emerging markets for strut systems, with growth fueled by energy projects, urban development, and industrial diversification. However, these regions may face challenges such as political instability and economic volatility affecting market dynamics. Regional insights also reveal variations in product preferences; for example, seismic-resistant struts are in high demand in earthquake-prone areas like Japan and California, while corrosion-resistant variants are popular in coastal regions. Understanding these regional nuances is essential for companies to tailor their strategies and capture market opportunities effectively. The global nature of the struts system market ensures that regional insights play a crucial role in shaping industry trends and competitive strategies.

Company Insights

Leading companies in the struts system market include Barnes Group Inc., known for its innovative gas spring and suspension products; Suspa GmbH, a specialist in damping and lifting technology; and Stabilus GmbH, a global provider of gas springs and hydraulic dampers. These companies leverage extensive R&D capabilities to develop products that meet evolving industry standards and customer needs. Other notable players like Unistrut Corporation (part of Atkore International) focus on mechanical strut systems for construction and industrial applications, offering a wide range of support solutions. Companies often differentiate through product quality, customization options, and after-sales support, building long-term relationships with clients in sectors such as automotive, aerospace, and construction.

The competitive landscape is characterized by strategic initiatives such as mergers, acquisitions, and partnerships to enhance market presence and technological expertise. For instance, collaborations with end-users enable companies to co-develop application-specific strut systems that address unique challenges. Sustainability initiatives are also becoming a key focus, with firms investing in eco-friendly materials and processes to reduce environmental impact. Company insights reveal that success in this market depends on a combination of innovation, global reach, and responsiveness to customer requirements. As the market evolves, companies that prioritize adaptability and quality are likely to maintain their leadership positions and drive industry progress.

Recent Developments

Recent developments in the struts system market include the introduction of smart struts equipped with sensors for real-time load monitoring and predictive maintenance. These innovations enhance safety and efficiency, particularly in critical applications like construction and heavy machinery. Companies have also launched lightweight strut systems using advanced composites, reducing overall weight without compromising strength, which is beneficial for automotive and aerospace industries. acquisitions and partnerships have been prominent, such as leading firms acquiring smaller specialists to expand their product lines and geographic footprint. Additionally, there is a growing emphasis on sustainability, with manufacturers developing struts from recycled materials and implementing energy-efficient production processes.

Regulatory updates have influenced recent developments, prompting companies to ensure compliance with new safety and environmental standards across regions. For example, enhancements in seismic strut designs have been driven by updated building codes in earthquake-prone areas. The market has also seen increased investment in automation and digitalization of manufacturing processes, improving precision and reducing costs. These developments reflect the industry's commitment to innovation and responsiveness to global trends, ensuring that strut systems continue to meet the demands of modern manufacturing and construction. Keeping abreast of these changes is crucial for stakeholders to maintain competitiveness and capitalize on emerging opportunities.

Report Segmentation

This report on the struts system market is segmented based on type, application, and region to provide a comprehensive analysis. The type segmentation includes mechanical struts and gas struts, with further breakdown into subcategories such as channel struts, pipe struts, and adjustable struts, each detailed for their specific characteristics and uses. Application segmentation covers construction, manufacturing, automotive, aerospace, oil & gas, and others, highlighting the diverse end-user industries that utilize strut systems. Regional segmentation encompasses North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa, offering insights into geographic trends and opportunities.

Each segmentation is analyzed in terms of market dynamics, key players, and growth prospects, enabling readers to understand specific segments in depth. The report also considers factors such as material type, load capacity, and end-user preferences within each segment, providing a nuanced view of the market. This structured approach ensures that the report delivers actionable intelligence for businesses, helping them identify niche opportunities and make informed decisions. The segmentation is designed to cater to the needs of industry professionals, investors, and strategists seeking detailed market intelligence on the struts system landscape.

FAQs

What are the different types of struts used in construction? In construction, common types include mechanical struts like channel and pipe struts for framing and support, and seismic struts for earthquake resistance. Gas struts are less common but used in specific applications like doors or hatches.

How do gas struts work? Gas struts operate using pressurized nitrogen gas inside a cylinder, which provides force to extend or retract a piston rod, offering controlled motion and damping for applications such as automotive lifts or industrial equipment.

What industries rely heavily on strut systems? Key industries include construction for structural support, manufacturing for machinery bracing, automotive for liftgates and hoods, aerospace for component support, and oil & gas for heavy-duty applications.

What materials are commonly used in strut manufacturing? Struts are typically made from steel for strength, aluminum for lightweight needs, stainless steel for corrosion resistance, and increasingly composites for enhanced performance in specialized environments.

Why are seismic struts important? Seismic struts are designed to absorb energy and withstand vibrations during earthquakes, protecting structures from damage and ensuring safety, making them crucial in prone regions.

How has technology impacted the struts system market? Technology has led to smart struts with IoT sensors for monitoring, advanced materials for better performance, and automated manufacturing processes, improving efficiency, safety, and customization.

Citius Research has developed a research report titled “Struts System Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Struts System Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Struts System Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Struts System Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Struts System Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Struts System Market
• Research Methodology
• Executive Summary
• Market Dynamics of Struts System Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Struts System Market
• Cost and Gross Margin Analysis of Struts System Market
• Struts System Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Struts System Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Struts System Market Key Stakeholders

Below are the key stakeholders for the Struts System Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Struts System Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Struts System Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Struts System Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Struts System Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Struts System Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Struts System Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Struts System Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Struts System Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Struts System Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Struts System Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Struts System Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Struts System Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Struts System Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Struts System Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Struts System Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Struts System Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Struts System Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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