Gas Spring Market Scope
Gas spring is a type of mechanical spring that that relies on elastic deformation and uses compressed gas contained within an enclosed cylinder sealed by siding piston to pneumatically store potential energy and withstand the external force applied parallel to the direction of the piston shaft. Gas springs have a high pressure internally, and they must not be opened except under instruction. Further, increasing demand for gas cylinders among consumers and various advantages of gas spring in many applications is driving the Global gas spring market.
The Global Gas Spring market is highly fragmented with several regional and international players. The manufacturers are offering customized gas springs based on customer demands. The regional demand dynamics is directly connected with the demand from the end-user industries. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Gas Spring market throughout the predicted period.
Stabilus (Germany), Suspa GmbH (Germany), Changzhou Lant (China), BansbachEasylift (India), WDF (United States), HAHN Gasfedern GmbH (Germany), Chengdu Zhongde Gas Spring Mfg Co.Ltd.(China) and Shanghai Zhenfei (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Aritech (Germany), Vapsint (Italy), ACE Automation (India) and LongXiang (China).
Segmentation Overview
The study have segmented the market of Global Gas Spring market by Type (Lift Gas Spring, Lockable Gas Spring, Swivel chair Gas Spring, Gas traction Gas Spring, Damper and Others), by Application (Aerospace, Medical, Furniture, Industrial and Automotive) and Region with country level break-up.
On the basis of geography, the market of Gas Spring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Influencing Trend:
Advantage of Gas Spring Over Mechanical Spring
Market Growth Drivers:
Abundant Availability of Gas, Low Cost of Gas Spring and Growing Demand among End-user Industries
Challenges:
Gas Spring is Corrosion Resistant but cannot be used in Environment with Constant Damp Load
Restraints:
Decreasing Price and Fluctuations in Gross Margins
Opportunities:
Manufacturer and OEMs Focusing On Research and Development Activities to Develop Innovative and Efficient Products
Market Leaders and their Expansionary Development Strategies
In March 2024, MidOcean Energy a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced the completion of its previously announced agreement to acquire Tokyo Gas Co., Ltd’s
In 2017, LDA Company became a reference on the Belgium-Luxembourg market for the supply of industrial gas springs. There is a range of tension and compression gas springs in the warehouse, this includes all sizes in both steel and stainless steel. The stroke length varies from 20 mm to over 1 meter, with rod diameters from 4 mm to 30 mm. Depending on the model we offer forces as little as 10N up to 10,000N.
Key Target Audience
Gas Spring Manufacturers, Industry Association, Potential Investors, Marketing and Consulting Firms, Gas Spring Supplier/Traders and Distributors and Government and Regulatory Bodies
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.