Strut System market

Global Strut System Market Research Report 2024(Status and Outlook)

  • 15 October 2024
  • Machines
  • 119 Pages
  • Report code : PMR-8012979

  • 4.7 (158)

Strut System Market

COMPANIES COVERED

EATON Corporation Inc.
Cooper Industries
Aetna Plastics Corp.
Enduro Pipeline Services, Inc.
Unistrut Corporation
Atlas Supply Co.
Hilti Corporation ERICO Products, Inc.
Carpenter & Paterson, Inc.
Gregory Industries Inc.,
Guenther Supply, Inc.

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The global Strut System market size was valued at US$ 3.78 billion in 2024 and is projected to reach US$ 5.12 billion by 2030, at a CAGR of 5.2% during the forecast period 2024-2030.

The United States Strut System market size was valued at US$ 925.6 million in 2024 and is projected to reach US$ 1.21 billion by 2030, at a CAGR of 4.6% during the forecast period 2024-2030.

Strut Systems are versatile metal framing solutions used for supporting and mounting various mechanical and electrical installations in construction and industrial applications, offering flexibility and ease of assembly.

The global Strut System market is experiencing steady growth, driven by increasing demand in construction, infrastructure, and industrial sectors. In 2023, global production of strut systems reached approximately 2.5 million metric tons, with North America and Europe accounting for 55% of consumption. The commercial construction sector remains the largest consumer, representing 40% of demand, followed by industrial applications at 30% and infrastructure at 20%. The market benefited from the rapid growth of data center construction globally, leading to a 25% increase in demand for specialized cable management strut systems in 2023. Technological advancements have focused on developing lightweight and corrosion-resistant materials, with new aluminum and composite strut systems offering 40% weight reduction compared to traditional steel versions. The market is seeing strong growth in pre-engineered modular strut systems, increasing at 8% annually, driven by demands for faster installation and reduced on-site labor. In 2023, new seismic building codes led to a 35% increase in the adoption of high-strength strut systems in earthquake-prone regions. The industry faces challenges from fluctuating steel prices, but innovations in recycled and sustainable materials are helping to stabilize costs and improve environmental performance. Emerging applications in renewable energy installations are showing promise, with specialized strut systems for solar panel mounting growing at 15% CAGR, albeit from a small base of 5% market share. Looking ahead, the market is expected to benefit from the global focus on infrastructure modernization, with strut systems for smart city projects and 5G network installations projected to grow at 10% CAGR through 2030.

Report Overview A strut is an important mechanical component of products generally used in aeronautical, architectural, engineering, and anatomy applications. It generally works by resisting longitudinal compression and in tension. Strut System Market provides a deep insight into the global Strut System market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc. The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Strut System Market, Strut System Market introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market. In a word, Strut System Market is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Strut System market in any manner. Global Strut System Market: Market Segmentation Analysis The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments. Key Company EATON Corporation Inc. Cooper Industries Aetna Plastics Corp. Enduro Pipeline Services, Inc. Unistrut Corporation Atlas Supply Co. Hilti Corporation ERICO Products, Inc. Carpenter & Paterson, Inc. Gregory Industries Inc., Guenther Supply, Inc. Market Segmentation (by Type) Carbon Steel Stainless Steel Aluminum Fiberglass Market Segmentation (by Application) Industrial Electrical Mechanical Commercial Geographic Segmentation

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