What are the Key Challenges Faced by Gas Spring Manufacturers – Exclusive Report by Fact.MR

250 Pages Gas Spring Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.

The report offers actionable and valuable market insights of Gas Spring. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Gas Spring Market across various industries and regions.

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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.

Historically, the market has witnessed a growth rate of 4.5% over the past 5 years, owing to mounting demand from sectors such as automotive, industrial machinery, and furniture on the back of exponentially rising population, urbanization, and consumer household spending across the globe. Moreover, demand for gas springs is reaching new potential with the rising healthcare facilities and isolation centres across the globe.

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.

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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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Key Takeaways from Market Study

  • The global market for gas springs is anticipated to add 2.6X value by 2031.
  • Demand for gas springs in healthcare is expected to expand at a substantial CAGR of 11.6% over the forecast period.
  • North America is the supreme market with a value of more than US$ 860 Mn in 2020, and is projected to expand at a substantial CAGR of approx. 9.7% over the next ten years.
  • The aftermarket segment for gas springs is projected to exhibit a high growth rate of around 10.5% CAGR, while OEMs, under sales channel, of are projected to add 2.6X value by 2031.
  • The market in South Asia is set to surge at 11% CAGR, and is set to be valued at over US$ 800 Mn in 2031, owing to increasing population & urbanization and increased volume of industrial machinery and automation.
  • By maximum force, 750-1000 N gas springs are poised to provide higher opportunity for manufacturers by virtue of increasing use in healthcare and furniture, and development of electric vehicles with advanced automated systems. The 750-1000 N segment is poised to progress at a CAGR of 10.5% over the next ten years.

“Rapid urbanisation, increasing ageing population, and desire for comfort are lending impetus to market growth,” says a Fact.MR analyst

List of Tables

Table 01: Global Gas Spring Market Value (US$ Mn) and Volume (Mn Units) Analysis, By Product, 2016-2020

Table 02: Global Gas Spring Market Value (US$ Mn) and Volume (Mn Units) Analysis, By Product, 2021-2031

Table 03: Global Gas Spring Market Value (US$ Mn) and Volume (Mn Units) Analysis, By Maximum Force, 2016-2020

Table 04: Global Gas Spring Market Value (US$ Mn) and Volume (Mn Units) Analysis, By Maximum Force, 2021-2031

Table 05: Global Gas Spring Market Value (US$ Mn) and Volume (Mn Units) Analysis, By Mounting Orientation, 2016-2020

List of Figures

Figure 01: Global Gas Springs Market Volume (Mn Units) and Value (US$ Mn) Analysis, 2016, 2021 and 2031

Figure 02: Global Gas Springs Market Value (US$ Mn) Scenario Forecast, 2021 & 2031

Figure 03: Global Gas Springs Market Pricing Analysis (US$/Units) by Region, 2020

Figure 04: Global Gas Springs Market Pricing Analysis by Product Segment, 2020

Figure 05: Global Gas Springs Market Value (US$ Mn), Volume (Mn Units) Forecast and Analysis, 2016-2020

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Key Question answered in the survey of Gas Spring market report:

  • Sales and Demand of Gas Spring
  • Growth of Gas Spring Market
  • Market Analysis of Gas Spring
  • Market Insights of Gas Spring
  • Key Drivers Impacting the Gas Spring market
  • Which are the Key drivers impacted by Gas Spring market
  • Restraints Shaping Market Growth
  • Market Survey of Gas Spring

More Valuable Insights on Gas Spring Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Gas Spring, Sales and Demand of Gas Spring, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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