Strut Channels Market: Introduction
Strut channels are light structural support units used in
the construction and electrical industries in the global market. The strut
channels are used for supporting functions such as support for wiring &
cables, plumbing and for mechanical support such as ventilation system or HVAC
vents.
A strut channel is basically made up of metal sheet such as
steel and aluminum, and has spaces to mount the interconnecting components.
Now-a-days strut channels are also being constructed from fiberglass, as they
are light in weight, corrosion resistant and also are strong. However, the
metals such as aluminum and stainless are best options for construction of
channel struts as they are both lightweight and very strong. Strut channels
have holes along their structure to facilitate the interconnected components
and also help in fastening the strut channels to the building structures.
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The foremost advantage of strut channels in the construction
industry is the availability of many sizes and they can be also easily and
rapidly connected together with the help of strut specific bolts and fasteners.
The strut channels can be very rapidly assembled and disassembled with minimum
requirement of tooling. Additionally, the strut channels can also modified
after the installation any time in the future. The only challenge or we can
threat of substitution is the use of custom fabricated steel and aluminum bars
which have to be welded and require extensive bolting, which has none of the
above advantages.
Strut Channels market: Dynamics
The growth in the urbanization, high standard of living and
the increasing interest of global population in the architectures and
residential buildings has led the strut channels market to a good position in
the global market. The Increasing purchasing power, high disposable income and
growing consumer preference for more westernized and modern taste for strut
channels has been the most important driver for the global strut channels
market.
In the developed economies where the people have good
purchasing power parity, hence they have started to customize the strut
channels as per their own design. This has led to new segment in strut channels
market is called as custom strut channels where the user or the customer
decides and is involved from the selection to the final stages of application
of the strut channels.
The commercial industries like the (hotels, business tower,
Office buildings, malls etc.) are spending 5% – 10% revenue on reconstruction
and renovations every 3 – 5 years. The world is growing very rapidly the tall
skyscrapers like the Burj Khalifa In Dubai, the Shangai Tower In China, the
world trade center in America, the Petronas twin Towers in Malaysia has spent a
huge amount of money in the interior strut channels to make them state of the
art facility. The strut channels depends upon this commercial sector and this
will drive the strut channels market very rapidly globally.
The consumers have become more aware of the toxic and the
hazardous products being used in the global construction market and they are
more concerned on their health and the protection of environment. In such
condition the strong market players in the strut channels industries have been
smart enough to introduce products which not harmful to human and the
surrounding environment. The impact of the green movement to save our
environment have picked up pace and this movement has been the key driver for
the strut channels market throughout the globe. The growth of end use
industries such as construction, automobiles, furniture and steel drives the
strut channels market
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Strut Channels market: Segmentation
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Strut Channels Market: Regional Outlook
Latin America and Middle East are projected to open new
opportunities for the strut channels market over the forecasted period.
Expansion of building and construction industries in emerging economies, such
as China, ASEAN countries and India is expected to be a key driving factor for
Strut Channels market growth in the Asia-Pacific region. Europe and North
America regions are expected to hold prominent market shares, owing to growing
automation in construction and manufacturing sectors. DIY (Do-it-yourself)
methods is becoming a trends in some countries as it saves a lot of cost of
hiring the labor for the applications and it gives the customer a good
opportunity for creativity.
But it requires a lot of time to do this properly and
chances of mistakes will result in the loss of the customer’s money. The
emergence of infrastructure projects globally, growth of all related global end
use industries and increasing urbanization has created a good opportunity to
strut channels industry to increase their market globally. Developing economies
are in the phase where there is a lot of construction and infrastructure
developments are taking place very rapidly so the growth and the opportunities
for the strut channels market remains positive for these economies.
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Strut Channels Market: Market Participants
Examples of some of the market participants in the strut
channels market are:
- Viking
Group Inc.
- RAV
INDUSTRIAL CORPORATION
- F H
Brundle
- ABB
Installation Products Inc.
- Atkore
International, Inc.
- Johnson
Brothers Roll Forming
- Elite
Components
- Florida
Strut, LLC
- Flex-Strut,
Inc.
- Zhangjiagang
Ever Faith Industry Co., Ltd.
- TOPELE
ENTERPRISE CO.,LTD
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