Gas Spring Market Sales Revenue To Significantly Increase In Next Few Years

Newly-released gas spring industry analysis shows that global demand enjoyed year-on-year (YoY) growth of 5.4% in 2021, to total 417,000 units. Demand for standard gas springs displayed growth of 4.4% to total 117,000 units, while demand for lockable gas springs was up 5.7% to 155,900 units.

Key Points Covered in Gas Spring Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Market Share Analysis
  • COVID-19 Impact on Gas Springs and How to Navigate
  • Recommendation on Key Winning Strategies

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Gas Spring market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Gas Spring

This newly published and insightful report sheds light on Market Insights of Gas Spring, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Gas Spring Market.

Key Market Segments Covered

·         Product

    • Gas Springs
      • Lockable Gas Springs
      • Standard Gas Springs
    • Dampers
      • Hydraulic Gas Spring Dampers
      • Friction Gas Spring Dampers

·         Maximum Force

    • Below 250 N Gas Springs
    • 251 – 500 N Gas Springs
    • 501 – 750 N Gas Springs
    •  751 – 1000 N Gas Springs
    • Above 1000 N Gas Springs

·         Mounting Orientation

    • Horizontal Gas Springs
    • Vertical Gas Springs
      • Vertical Rod Up Gas Springs
      • Vertical Rod Down Gas Springs
    • Custom Orientation

·         Maximum Stroke Length

    • <75 mm Gas Springs
    • 76 – 150 mm Gas Springs
    • 151 – 300 mm Gas Springs
    • 301 – 450 mm Gas Springs
    • >450 mm Gas Springs

·         Sales Channel

    • OEM Sales of Gas Springs
    • Aftermarket Sales of Gas Springs

·         Application

    • Gas Springs for Automotive
    • Gas Springs for Aerospace, Marine & Rail
    • Gas Springs for Home and Office Equipment
    • Gas Springs for Industrial Machinery & Automation
    • Gas Springs for Healthcare
    • Others

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Competitive Landscape

  • ADB SAFEGATE, Stabilus GmbH, Beijer Alma, Barnes Group, Suspa GmbH, BANSBACH EASYLIFT, Camloc, Dadco, Special Springs, DICTATOR Technik GmbH, Pascal Engineering, Tecapres, and Showa Corporation are identified as key players manufacturing gas springs.

Aforementioned players rely on a blend of organic and inorganic strategies to increase penetration across lucrative markets. These strategies include new product launches, collaborations and partnerships with prominent players in automotive, healthcare and aerospace industry, acquisitions of emerging players, and strengthening of regional and global distribution networks.

  • In 2020, TECAPRES has been named as a supplier of gas springs for Renault Automotive. TECAPRES has been striving to achieve the highest standards of quality and service demanded by the automotive industry. This supplier agreement would boost the sales of TECAPRES and provide substantial growth in the market share.
  • In 2019, Stabilus, a global leader in gas springs, damping systems, and electromechanical drives for motion control, has acquired General Aerospace GmbH (‘General Aerospace’), a well-known provider of motion control solutions for the aerospace industry. This advancement would harness the gas spring business development in aerospace industry.
  • In 2018, Industrial Gas Springs Group Holdings Limited, a recognised designer, maker, and supplier of customised gas springs, was acquired by Barnes Group Inc., a multinational distributor of highly engineered goods and differentiated industrial technologies.