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Allied Market Research

Automotive Strut Bar Market by Type {Passenger Car (Front Suspension and Rear Suspension), LCV (Front Suspension and Rear Suspension) HCV (Front Suspension and Rear Suspension) and Architecture (Macpherson Strut, Double Wishbone, Multi-Link, Twist Beam, Leaf spring, and Air spring): Global Opportunity Analysis and Industry Forecast, 2021–2027

A10756
Pages: NA
Jun 2021 | 167 Views
 
Author(s) : NA
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Automotive Strut Bar Market Outlook – 2027

A strut bar, also known as tower bar, connects the top strut towers to increase the rigidity of a vehicle by allowing both strut towers to react to compression and tensile forces. In a strut suspension system, the spring and shock absorber are combined in the one suspension unit, which replaces the upper control arm and the entire vertical suspension load is transmitted to the top of the vehicle's strut tower, unlike a double wishbone suspension where the spring and shock absorber may share the load separately. A general strut tower in a monocoque chassis is a reinforced portion of the inner wheel well and is not necessarily directly connected to the main chassis rails. Hence, there is inherent flex within the strut towers relative to the chassis rails. The strut bar is designed to reduce this strut tower flex by tying two of the strut towers together that transmits the load off each strut tower during cornering, which ties the two towers together and reduces the chassis flex. To accomplish the effectivity, the bar must be rigid throughout its length. Increase in demand for reducing the tension and compression in a vehicle to improve the driving experience is boosting the automotive strut market during the forecast period.

Automotive Strut Bar Market

Market scope and structure analysis

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast unit

  Value (USD)

  Segments covered

  Type and Architecture  

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa)

  Companies covered

Campus, DC Sports, Huatian, Ultra Racing, Heidts, Tube Solutions, Lakewood, Jiajun, CTSPEC, and Sparco

 

COVID-19 scenario analysis

  • Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of strut bar across the globe, thereby increasing the supply–demand gap.
  • Thus, insufficiency in raw material supply is expected to hamper the production rate of strut bar, which negatively impacts the market growth.
  • However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

The factors that impact the growth of the global market include rise in demand for comfort, safety, and ride quality combined with the demand for air suspension in heavy commercial vehicles are expected to spur the growth of the market over the forecast period. However, lack of standardization of independent suspension system and high development & adoption cost of advanced suspension systems are anticipated to hamper the growth of the market. Conversely, the use of lightweight material in the suspension system and demand for regenerative suspension systems for electric & hybrid vehicles are expected to offer lucrative opportunities for the market during the forecast period.

The automotive strut bar market trends are as follows:

Rise in demand for comfort, safety, and ride quality

As the buying power of customers is increasing with growing economies, consumers are shifting to urban areas and a variety of options are available in most of developing economies. In addition, automakers are facing intense competition among themselves to gain the attention of customers. Hence, they are forced to introduce some of their premium services in a vehicle for the economy class as well to have a competitive edge in the market. Moreover, surge in demand for advancing the services offered by automakers is forcing them to install advanced technologies in vehicles, which is boosting the automotive strut bar market.

Demand for air suspension in heavy commercial vehicles

A damaged or collapsed spring in a vehicle can cause sagging and noise and affect alignment angles, while the driver can still drive, the ride will be rough and the car will be difficult to control in an emergency. Also, bumps on unusual roads could damage various parts of the car as well. In addition, the development of a more affordable strut bar is expected to offset their sales. Moreover, the price wars have led to a high level of R&D efforts, bringing the new development of affordable technologically, to improve the suspension especially in heavy commercial vehicles, which will further boost the growth of the automotive strut bar market.

Key segments covered

Segments

Subsegments

Type

  • Passenger car
    • Front Suspension
    • Rear Suspension
  • LCV
    • Front Suspension
    • Rear Suspension
  • HCV
    • Front Suspension
    • Rear Suspension

  Architecture

  • Macpherson strut
  • Double Wishbone
  • Multi-Link
  • Twist Beam
  • Leaf spring
  • Air spring

 

Key benefits of the report:

  • This study presents the analytical depiction of the automotive strut bar market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the automotive strut bar market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the automotive strut bar market scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the automotive strut bar market research report:

  • Which are the leading players active in the automotive strut bar market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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