Global Gas Spring Market Growth 2023-2029

Global Gas Spring Market Growth 2023-2029

A gas spring is a type of spring that, unlike a typical mechanical spring that relies on elastic deformation, uses compressed gas contained within an enclosed cylinder sealed by a sliding piston to pneumatically store potential energy and withstand external force applied parallel to the direction of the piston shaft. Common applications include automobiles (where they are incorporated into the design of struts that support the weight of the hatchback tailgate while they are open) and office chairs. They are also used in furniture, medical and aerospace applications. Much larger gas springs are found in machines that are used in industrial manufacturing (the press tooling industry), where the forces they are required to exert often range from 2500N to 400,000N (forty tonnes).
LPI (LP Information)' newest research report, the “Gas Spring Industry Forecast” looks at past sales and reviews total world Gas Spring sales in 2022, providing a comprehensive analysis by region and market sector of projected Gas Spring sales for 2023 through 2029. With Gas Spring sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gas Spring industry.
This Insight Report provides a comprehensive analysis of the global Gas Spring landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Gas Spring portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Gas Spring market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gas Spring and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Gas Spring.
The global Gas Spring market size is projected to grow from US$ 2090.5 million in 2022 to US$ 2837.4 million in 2029; it is expected to grow at a CAGR of 2837.4 from 2023 to 2029.
Global Gas Spring key players include Stabilus, Suspa, Lant, Bansbach, WDF, etc. Global top five manufacturers hold a share about 40%. Europe is the largest market, with a share about 45%, followed by United States and China, both with a share about 20 percent. In terms of product, Lockable Gas Spring is the largest segment, with a share about 20%. And in terms of application, the largest application is Automotive, followed by Furniture, Industrial, Aerospace and Medical.
This report presents a comprehensive overview, market shares, and growth opportunities of Gas Spring market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Lift gas spring
Lockable gas spring
Swivel chair gas spring
Gas traction springs
Damper
Others
Segmentation by application
Aerospace
Medical
Furniture
Industrial
Automotive
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Stabilus
Suspa
Lant
Bansbach
WDF
HAHN
Barnes
Zhongde
Dictator
Changzhou
Shanghai Zhenfei
Aritech
Vapsint
LiGu
Huayang
AVM
ACE Automation
LongXiang
Weijhe
Yili
LiPinGe
IGS
Gaysan
Attwood
Ameritool
Metrol
Camloc
Alrose
Worldwide
Gemini
Key Questions Addressed in this Report
What is the 10-year outlook for the global Gas Spring market?
What factors are driving Gas Spring market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Gas Spring market opportunities vary by end market size?
How does Gas Spring break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.