Gas Spring Market Synopsis:
Gas Spring Market Size Was Valued at USD 3.10 Billion in 2023, and is Projected to Reach USD 5.51 Billion by 2032, Growing at a CAGR of 6.60 % From 2024-2032.
Hydraulic dampers are mechanical elements with a gaseous fluid under their chamber bottoms that supplies force and enables smooth movement. These components are heavily used in the place where applications call for accurate weight distribution, maneuvers involving lifting and positive motion, and Linear Actuators are the perfect replacement for mechanical springs.
The most prominent trend is the increasing consumption of gas springs in automotive applications , such as in tailgates, hoods, and adjustable seats . They have become crucial in the current car model since they can be used to improve comfort and safety and to support ergonomic layouts.
Also, the use in furnitures such as the adjustable beds and chairs are a sign of efficiency of the gas spring to provide friendly design for its users. Moreover, its used in industrial equipment involving machine access panels and health care equipment like hospital beds also increase its demand bar owing to the same.
Gas Spring Market Trend Analysis:
Gearing up for the production and innovation of lightweight
- Innovation activity is on the rise and the market is gearing up for the production and innovation of lightweight, corrosion resistance, and compact built-in gas springs. Metals as aluminum along with high end composite materials are on high rise to answer the high demands of strong and efficient parts.
- Sustainability trends have, therefore, played a role in changing the market, with organizations looking for environmentally friendly ways of produce and packaging material. All these efforts correspond with the international standards and customer demands, promoting the usage of environmentally friendly products.
Technological Innovations and New Economies
- The automotive and industrial markets of the Asia Pacific are also expected to be promising for the market players. It is noteworthy that it is in countries like China and India today that the process of urbanization is actively developing, and hence there are constant demand for gas springs in different industries.
- The moderate growth in shipments of gas springs shows that there is still potential for further development in gas spring products with better technological designs such as the smart springs containing load sensors, and controls that will shape new opportunities for gas spring industry. These improvements are directed primarily towards sophisticated sectors like aerospace and medical, which improves the sector’s prospects even more.
Gas Spring Market Segment Analysis:
Gas Spring Market is Segmented on the basis of Type, Applications, End-User, and Region.
Type, Lockable Gas Springs segment is expected to dominate the market during the forecast period
- They are further divided into two types: Lockable Gas Springs, Non-locking gas springs, and Hydraulic Dampers. Customizable or self-locking formats are available in lockable systems appropriate for arms-length adjustment furniture and medical beds. Non-locking gas springs are generally used for precise lifting & lowering solutions commonly in automotive segment. Some types of dampers include hydraulic dampers because of the added function of controlling the motion suitable for handling heavy industrial equipment and aerospace.
Applications, Automotive segment expected to held the largest share
- Gas springs operates in various sectors; Automotive where they are crucial in liftgates and car bonnets; Furniture to create variability on seating; Industrial; for factors like industrial machinery covers; Medical; like hospital beds and Aerospace where load support is necessary in airplanes interior and storage compartments.
Gas Spring Market Regional Insights:
Europe is Expected to Dominate the Market Over the Forecast period
- The European region is the largest consumer of gas springs and supplies about 30% of the market globally. This is mainly due to the robust automotive sector, with key car makers acting as the main buyers of this product type. The fact that the region concentrates on high-tech manufacturing processes and meeting high-safety requirements’ also supports the position.
- Also, the mechanical spring market in Europe is regarded as one of the leading suppliers of quality furniture and aerospace, in which gas springs are widely used. The fact that region offers extensive presence of well-developed manufacturing companies and commitment to innovations is a significant driver in the position of the region among market leaders.
Active Key Players in the Gas Spring Market:
- ACE Controls Inc. (USA)
- Alrose Products Ltd. (UK)
- AVM Industries (France)
- Bansbach Easylift (Germany)
- Camloc Motion Control (UK)
- HAHN Gasfedern GmbH (Germany)
- Industrial Gas Springs Ltd. (UK)
- SGS Engineering (UK)
- Stabilus (Germany)
- Suspa GmbH (Germany)
- Other Active Players
|
Gas Spring Market |
|||
|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 3.10 Billion |
|
Forecast Period 2024-32 CAGR: |
6.60 % |
Market Size in 2032: |
USD 5.51 Billion |
|
Segments Covered: |
Type |
|
|
|
Applications |
|
||
|
End-User |
|
||
|
By Region |
|
||
|
Key Market Drivers: |
|
||
|
Key Market Restraints: |
|
||
|
Key Opportunities: |
|
||
|
Companies Covered in the report: |
|
||
Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Gas Spring Market by Type
4.1 Gas Spring Market Snapshot and Growth Engine
4.2 Gas Spring Market Overview
4.3 Lockable Gas Springs
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Lockable Gas Springs: Geographic Segmentation Analysis
4.4 Non-Locking Gas Springs
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Non-Locking Gas Springs: Geographic Segmentation Analysis
4.5 Hydraulic Dampers
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Hydraulic Dampers: Geographic Segmentation Analysis
Chapter 5: Gas Spring Market by Applications
5.1 Gas Spring Market Snapshot and Growth Engine
5.2 Gas Spring Market Overview
5.3 Automotive
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Automotive: Geographic Segmentation Analysis
5.4 Furniture
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Furniture: Geographic Segmentation Analysis
5.5 Industrial
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Industrial: Geographic Segmentation Analysis
5.6 Medical
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Medical: Geographic Segmentation Analysis
5.7 Aerospace
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Aerospace: Geographic Segmentation Analysis
Chapter 6: Gas Spring Market by End-User
6.1 Gas Spring Market Snapshot and Growth Engine
6.2 Gas Spring Market Overview
6.3 OEMs
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 OEMs: Geographic Segmentation Analysis
6.4 After
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 After: Geographic Segmentation Analysis
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Benchmarking
7.1.2 Gas Spring Market Share by Manufacturer (2023)
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Mergers and Acquisitions
7.2 STABILUS (GERMANY)
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Role of the Company in the Market
7.2.5 Sustainability and Social Responsibility
7.2.6 Operating Business Segments
7.2.7 Product Portfolio
7.2.8 Business Performance
7.2.9 Key Strategic Moves and Recent Developments
7.2.10 SWOT Analysis
7.3 SUSPA GMBH (GERMANY)
7.4 ACE CONTROLS INC. (USA)
7.5 CAMLOC MOTION CONTROL (UK)
7.6 BANSBACH EASYLIFT (GERMANY)
7.7 AVM INDUSTRIES (FRANCE)
7.8 ALROSE PRODUCTS LTD. (UK)
7.9 INDUSTRIAL GAS SPRINGS LTD. (UK)
7.10 HAHN GASFEDERN GMBH (GERMANY)
7.11 SGS ENGINEERING (UK)
7.12 OTHER ACTIVE PLAYERS
Chapter 8: Global Gas Spring Market By Region
8.1 Overview
8.2. North America Gas Spring Market
8.2.1 Key Market Trends, Growth Factors and Opportunities
8.2.2 Top Key Companies
8.2.3 Historic and Forecasted Market Size by Segments
8.2.4 Historic and Forecasted Market Size By Type
8.2.4.1 Lockable Gas Springs
8.2.4.2 Non-Locking Gas Springs
8.2.4.3 Hydraulic Dampers
8.2.5 Historic and Forecasted Market Size By Applications
8.2.5.1 Automotive
8.2.5.2 Furniture
8.2.5.3 Industrial
8.2.5.4 Medical
8.2.5.5 Aerospace
8.2.6 Historic and Forecasted Market Size By End-User
8.2.6.1 OEMs
8.2.6.2 After
8.2.7 Historic and Forecast Market Size by Country
8.2.7.1 US
8.2.7.2 Canada
8.2.7.3 Mexico
8.3. Eastern Europe Gas Spring Market
8.3.1 Key Market Trends, Growth Factors and Opportunities
8.3.2 Top Key Companies
8.3.3 Historic and Forecasted Market Size by Segments
8.3.4 Historic and Forecasted Market Size By Type
8.3.4.1 Lockable Gas Springs
8.3.4.2 Non-Locking Gas Springs
8.3.4.3 Hydraulic Dampers
8.3.5 Historic and Forecasted Market Size By Applications
8.3.5.1 Automotive
8.3.5.2 Furniture
8.3.5.3 Industrial
8.3.5.4 Medical
8.3.5.5 Aerospace
8.3.6 Historic and Forecasted Market Size By End-User
8.3.6.1 OEMs
8.3.6.2 After
8.3.7 Historic and Forecast Market Size by Country
8.3.7.1 Russia
8.3.7.2 Bulgaria
8.3.7.3 The Czech Republic
8.3.7.4 Hungary
8.3.7.5 Poland
8.3.7.6 Romania
8.3.7.7 Rest of Eastern Europe
8.4. Western Europe Gas Spring Market
8.4.1 Key Market Trends, Growth Factors and Opportunities
8.4.2 Top Key Companies
8.4.3 Historic and Forecasted Market Size by Segments
8.4.4 Historic and Forecasted Market Size By Type
8.4.4.1 Lockable Gas Springs
8.4.4.2 Non-Locking Gas Springs
8.4.4.3 Hydraulic Dampers
8.4.5 Historic and Forecasted Market Size By Applications
8.4.5.1 Automotive
8.4.5.2 Furniture
8.4.5.3 Industrial
8.4.5.4 Medical
8.4.5.5 Aerospace
8.4.6 Historic and Forecasted Market Size By End-User
8.4.6.1 OEMs
8.4.6.2 After
8.4.7 Historic and Forecast Market Size by Country
8.4.7.1 Germany
8.4.7.2 UK
8.4.7.3 France
8.4.7.4 The Netherlands
8.4.7.5 Italy
8.4.7.6 Spain
8.4.7.7 Rest of Western Europe
8.5. Asia Pacific Gas Spring Market
8.5.1 Key Market Trends, Growth Factors and Opportunities
8.5.2 Top Key Companies
8.5.3 Historic and Forecasted Market Size by Segments
8.5.4 Historic and Forecasted Market Size By Type
8.5.4.1 Lockable Gas Springs
8.5.4.2 Non-Locking Gas Springs
8.5.4.3 Hydraulic Dampers
8.5.5 Historic and Forecasted Market Size By Applications
8.5.5.1 Automotive
8.5.5.2 Furniture
8.5.5.3 Industrial
8.5.5.4 Medical
8.5.5.5 Aerospace
8.5.6 Historic and Forecasted Market Size By End-User
8.5.6.1 OEMs
8.5.6.2 After
8.5.7 Historic and Forecast Market Size by Country
8.5.7.1 China
8.5.7.2 India
8.5.7.3 Japan
8.5.7.4 South Korea
8.5.7.5 Malaysia
8.5.7.6 Thailand
8.5.7.7 Vietnam
8.5.7.8 The Philippines
8.5.7.9 Australia
8.5.7.10 New Zealand
8.5.7.11 Rest of APAC
8.6. Middle East & Africa Gas Spring Market
8.6.1 Key Market Trends, Growth Factors and Opportunities
8.6.2 Top Key Companies
8.6.3 Historic and Forecasted Market Size by Segments
8.6.4 Historic and Forecasted Market Size By Type
8.6.4.1 Lockable Gas Springs
8.6.4.2 Non-Locking Gas Springs
8.6.4.3 Hydraulic Dampers
8.6.5 Historic and Forecasted Market Size By Applications
8.6.5.1 Automotive
8.6.5.2 Furniture
8.6.5.3 Industrial
8.6.5.4 Medical
8.6.5.5 Aerospace
8.6.6 Historic and Forecasted Market Size By End-User
8.6.6.1 OEMs
8.6.6.2 After
8.6.7 Historic and Forecast Market Size by Country
8.6.7.1 Turkiye
8.6.7.2 Bahrain
8.6.7.3 Kuwait
8.6.7.4 Saudi Arabia
8.6.7.5 Qatar
8.6.7.6 UAE
8.6.7.7 Israel
8.6.7.8 South Africa
8.7. South America Gas Spring Market
8.7.1 Key Market Trends, Growth Factors and Opportunities
8.7.2 Top Key Companies
8.7.3 Historic and Forecasted Market Size by Segments
8.7.4 Historic and Forecasted Market Size By Type
8.7.4.1 Lockable Gas Springs
8.7.4.2 Non-Locking Gas Springs
8.7.4.3 Hydraulic Dampers
8.7.5 Historic and Forecasted Market Size By Applications
8.7.5.1 Automotive
8.7.5.2 Furniture
8.7.5.3 Industrial
8.7.5.4 Medical
8.7.5.5 Aerospace
8.7.6 Historic and Forecasted Market Size By End-User
8.7.6.1 OEMs
8.7.6.2 After
8.7.7 Historic and Forecast Market Size by Country
8.7.7.1 Brazil
8.7.7.2 Argentina
8.7.7.3 Rest of SA
Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies
Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
|
Gas Spring Market |
|||
|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 3.10 Billion |
|
Forecast Period 2024-32 CAGR: |
6.60 % |
Market Size in 2032: |
USD 5.51 Billion |
|
Segments Covered: |
Type |
|
|
|
Applications |
|
||
|
End-User |
|
||
|
By Region |
|
||
|
Key Market Drivers: |
|
||
|
Key Market Restraints: |
|
||
|
Key Opportunities: |
|
||
|
Companies Covered in the report: |
|
||
