Car Strut Market size was valued at USD 8.5 Billion in 2022 and is projected to reach USD 12.3 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030.
The Car Strut Market is segmented by application into two primary categories: OEM (Original Equipment Manufacturer) and Aftermarket. Both subsegments play vital roles in the overall car strut market dynamics. OEM refers to the parts that are made by the original vehicle manufacturer and fitted directly into a vehicle during its initial assembly. These struts are typically designed to meet the exact specifications of the vehicle manufacturer, ensuring optimal performance, durability, and safety standards. The OEM market is primarily driven by vehicle production rates, as automakers need to source struts for new vehicle models. This segment holds a dominant position in the market due to its direct relationship with vehicle manufacturing and the continued demand for new cars across different regions.
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The Aftermarket segment of the car strut market refers to replacement parts that are sold through independent distributors and retailers after the vehicle has already been sold to the end user. These struts are used when the original parts wear out or are damaged and need to be replaced. The AfterMarket is vast and diverse, as it caters to a broad range of consumer needs, including cost-effective, high-performance, or premium replacement parts. This segment is influenced by factors such as the growing trend of vehicle ownership and the increasing demand for vehicle maintenance, repairs, and upgrades. Furthermore, consumers often seek aftermarket parts due to their lower cost compared to OEM parts and the availability of specialized products that might enhance vehicle performance or comfort.
One of the key trends in the Car Strut Market is the growing demand for struts that offer improved comfort, safety, and performance. As vehicle manufacturers continue to enhance their vehicles' ride quality and handling, strut components are being designed to meet these evolving standards. The integration of advanced technologies such as adjustable struts, electronic control systems, and improved damping materials is becoming more prevalent in both OEM and aftermarket segments. Consumers are increasingly opting for products that enhance their driving experience, which is pushing innovation in strut technology, particularly in the luxury and performance vehicle categories.
Another key trend is the rising demand for lightweight and durable materials in the manufacturing of car struts. With the global push for fuel efficiency and reduced carbon emissions, automakers are focusing on reducing the weight of vehicle components, including suspension parts like struts. Materials such as aluminum alloys and carbon composites are being increasingly incorporated into the design of struts to meet these requirements. Additionally, the shift towards electric vehicles (EVs) is expected to create new opportunities for car strut suppliers, as the lighter and more durable components are needed for the evolving vehicle market. This trend aligns with the broader automotive industry's goal of making vehicles more efficient and environmentally friendly.
The car strut market presents several significant opportunities, particularly in the aftermarket segment. As the global vehicle fleet continues to expand, especially in emerging markets, the demand for replacement and maintenance parts, including struts, is expected to rise. With a growing number of vehicles on the road, aftermarket suppliers are in a prime position to cater to this expanding customer base, offering high-quality and competitively priced products. Furthermore, as vehicle models age, the need for replacement parts will continue to create a steady demand for aftermarket struts.
Another opportunity lies in the development of smart struts, which incorporate sensors and electronics to adjust suspension settings automatically based on road conditions and driving style. This technology is already being integrated into luxury and performance vehicles, but as it becomes more affordable, it is expected to be adopted in mainstream models as well. The expansion of electric vehicles (EVs) also represents an opportunity, as the design and performance of EVs demand more innovative suspension systems, which could drive the adoption of advanced strut solutions that cater to the specific requirements of electric mobility.
What are car struts used for in a vehicle?
Car struts are an essential part of a vehicle's suspension system, providing support to the vehicle's weight, absorbing shock, and helping maintain ride comfort and handling.
How long do car struts typically last?
Car struts generally last between 50,000 to 100,000 miles, depending on factors such as driving conditions, maintenance, and the type of strut used.
What is the difference between OEM and aftermarket struts?
OEM struts are the original parts installed in vehicles during manufacturing, while aftermarket struts are replacement parts available from independent suppliers after purchase.
Why do I need to replace my car struts?
Car struts may need to be replaced if they are worn out, damaged, or leaking, as failing struts can affect vehicle handling, safety, and comfort.
Can I replace car struts myself?
While it is possible for experienced individuals to replace car struts, it is generally recommended to seek professional assistance due to the complexity of the task.
What are the signs that my car struts need replacing?
Signs of worn struts include poor handling, excessive bouncing, uneven tire wear, and a rough ride, especially on rough or bumpy roads.
Are aftermarket struts as good as OEM struts?
Aftermarket struts can be as good as OEM struts, but the quality may vary depending on the brand and the specific product. It's important to choose reliable aftermarket options.
Can I use OEM struts on older car models?
OEM struts can typically be used on older car models, but availability may depend on the specific vehicle make and model. Aftermarket options might be more accessible in some cases.
Do aftermarket struts affect vehicle performance?
Aftermarket struts can enhance or alter vehicle performance, depending on their design. High-performance aftermarket struts may improve handling and ride quality.
How do electronic or adjustable struts work?
Electronic or adjustable struts use sensors and electronic controls to adjust the damping force, providing a customized ride experience based on road conditions or driving preferences.
Top Car Strut Market Companies
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
Jinzhou Leader
Shanghai Powered
Duroshox
Regional Analysis of Car Strut Market
North America (United States, Canada, and Mexico, etc.)
Asia-Pacific (China, India, Japan, South Korea, and Australia, etc.)
Europe (Germany, United Kingdom, France, Italy, and Spain, etc.)
Latin America (Brazil, Argentina, and Colombia, etc.)
Middle East & Africa (Saudi Arabia, UAE, South Africa, and Egypt, etc.)
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