Market Overview:
The global industrial gas spring market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for gas springs in automotive, furniture, and industrial applications. Additionally, the growing demand for gas springs in medical and aerospace applications is also contributing to the growth of this market. The lift industrial gas spring segment is expected to hold a major share of the global industrial gas spring market during the forecast period. This segment is projected to grow at a CAGR of 6% from 2018 to 2030 due to its increasing use in various lifting applications such as automotive lifts, furniture lifts, and others. The North America region dominates the global industrial gas spring market with a major share owing to high adoption rates across various industries such as automotive, furniture, and others.
Product Definition:
An industrial gas spring is a device that uses pressurized gas to create a force that helps to extend, compress or hold a part in place. They are often used in applications where there is a need for controlled motion or resistance. Industrial gas springs can be found in many different types of equipment, including automotive suspensions, office chairs and MRI machines.
Lift Industrial Gas Spring:
Lift industrial gas spring is a device that is used to store and release pressure. It consists of an inner cylinder, which can be filled with air or other gases, and an outer capsule containing the lifting mechanism. The capsule rotates on a fixed point creating a restoring force as it goes up and down due to the stored energy in the springs. These are widely used in warehouses for handling heavy loads owing to their high strength compared to conventional methods such as ropes & pulleys.
Lockable Industrial Gas Spring:
Lockable industrial gas spring is a device that stores and releases energy in the form of compressed air or gas. It is mainly used to raise heavy loads and has applications in industries such as oil & gas, mining, pulp & paper, chemicals, food processing and power generation.
Application Insights:
The automotive application segment accounted for the largest share of over 30.0% in 2017. The global demand for gas springs is witnessing a paradigm shift due to rising fuel prices and environmental concerns regarding carbon emissions. Gasoline-powered vehicles were majorly used in the past but are being replaced by electric vehicles, which consume little or no gasoline, resulting in lower demand for gas springs over the forecast period.
Industrial applications include warehouses & storage facilities, manufacturing units & plants, oil & gas refineries along with other heavy industries such as construction and mining that require sturdy chairs with smooth movement capabilities to carry out demanding work routines without causing fatigue or back problems among employees sitting at office desks all day long.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key manufacturers in China, Japan, and South Korea has enabled them to dominate the global industry. In addition, increasing industrialization coupled with rapid urbanization across emerging economies such as India and China is anticipated to boost demand for gas springs from various end-use industries such as automotive, consumer goods (furniture), aerospace & defense, etc.
North America accounted for a significant share of revenue in 2017 owing to growing product adoption across major application industries including automotive (airbags), consumer goods (chairs), industrial machines & tools among others. Lockable gas spring type products are gaining popularity due to their ability not only prevent accidental deployment but also act as a safeguard against theft or tampering by unauthorized persons thus enhancing security measures within manufacturing facilities/ plants/ offices have contributed significantly towards product demand over past few years which is further expected drive growth during forecast period.
Growth Factors:
- Increasing demand from the automotive industry for gas springs as suspension and damping devices
- Growing demand for gas springs in the furniture industry to support heavy loads
- Rising popularity of adjustable beds, which use gas springs to adjust the bed height
- Increasing use of gas springs in medical equipment and appliances
- Technological advancements that have led to the development of new applications for gas springs
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Gas Spring Market Research Report
By Type
Lift Industrial Gas Spring, Lockable Industrial Gas Spring, Swivel chair Industrial Gas Spring, Gas traction springs, Damper, Others
By Application
Automotive, Furniture, Industrial, Aerospace, Medical, Others
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Gas Spring Market Report Segments:
The global Industrial Gas Spring market is segmented on the basis of:
Types
Lift Industrial Gas Spring, Lockable Industrial Gas Spring, Swivel chair Industrial Gas Spring, Gas traction springs, Damper, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Furniture, Industrial, Aerospace, Medical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
Highlights of The Industrial Gas Spring Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lift Industrial Gas Spring
- Lockable Industrial Gas Spring
- Swivel chair Industrial Gas Spring
- Gas traction springs
- Damper
- Others
- By Application:
- Automotive
- Furniture
- Industrial
- Aerospace
- Medical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Gas Spring Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial gas springs are natural gas reservoirs that are used to store natural gas. They can be found in various parts of the world, including the United States, Canada, and Europe.
Some of the major companies in the industrial gas spring market are 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.
The industrial gas spring market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Gas Spring Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Gas Spring Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Gas Spring Market - Supply Chain
4.5. Global Industrial Gas Spring Market Forecast
4.5.1. Industrial Gas Spring Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Gas Spring Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Gas Spring Market Absolute $ Opportunity
5. Global Industrial Gas Spring Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Gas Spring Market Size and Volume Forecast by Type
5.3.1. Lift Industrial Gas Spring
5.3.2. Lockable Industrial Gas Spring
5.3.3. Swivel chair Industrial Gas Spring
5.3.4. Gas traction springs
5.3.5. Damper
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Gas Spring Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Gas Spring Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Furniture
6.3.3. Industrial
6.3.4. Aerospace
6.3.5. Medical
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Gas Spring Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Gas Spring Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Gas Spring Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Gas Spring Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Gas Spring Demand Share Forecast, 2019-2029
9. North America Industrial Gas Spring Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Gas Spring Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Gas Spring Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Furniture
9.4.3. Industrial
9.4.4. Aerospace
9.4.5. Medical
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Gas Spring Market Size and Volume Forecast by Type
9.7.1. Lift Industrial Gas Spring
9.7.2. Lockable Industrial Gas Spring
9.7.3. Swivel chair Industrial Gas Spring
9.7.4. Gas traction springs
9.7.5. Damper
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Gas Spring Demand Share Forecast, 2019-2029
10. Latin America Industrial Gas Spring Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Gas Spring Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Gas Spring Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Furniture
10.4.3. Industrial
10.4.4. Aerospace
10.4.5. Medical
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Gas Spring Market Size and Volume Forecast by Type
10.7.1. Lift Industrial Gas Spring
10.7.2. Lockable Industrial Gas Spring
10.7.3. Swivel chair Industrial Gas Spring
10.7.4. Gas traction springs
10.7.5. Damper
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Gas Spring Demand Share Forecast, 2019-2029
11. Europe Industrial Gas Spring Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Gas Spring Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Gas Spring Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Furniture
11.4.3. Industrial
11.4.4. Aerospace
11.4.5. Medical
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Gas Spring Market Size and Volume Forecast by Type
11.7.1. Lift Industrial Gas Spring
11.7.2. Locable Industrial Gas Spring
11.7.3. Swivel chair Industrial Gas Spring
11.7.4. Gas traction springs
11.7.5. Damper
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Gas Spring Demand Share, 2019-2029
12. Asia Pacific Industrial Gas Spring Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Gas Spring Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Gas Spring Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Furniture
12.4.3. Industrial
12.4.4. Aerospace
12.4.5. Medical
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Gas Spring Market Size and Volume Forecast by Type
12.7.1. Lift Industrial Gas Spring
12.7.2. Lockable Industrial Gas Spring
12.7.3. Swivel chair Industrial Gas Spring
12.7.4. Gas traction springs
12.7.5. Damper
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Gas Spring Demand Share, 2019-2029
13. Middle East & Africa Industrial Gas Spring Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Gas Spring Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Gas Spring Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Furniture
13.4.3. Industrial
13.4.4. Aerospace
13.4.5. Medical
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Gas Spring Market Size and Volume Forecast by Type
13.7.1. Lift Industrial Gas Spring
13.7.2. Lockable Industrial Gas Spring
13.7.3. Swivel chair Industrial Gas Spring
13.7.4. Gas traction springs
13.7.5. Damper
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Gas Spring Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Industrial Gas Spring Market: Market Share Analysis
14.2. Industrial Gas Spring Distributors and Customers
14.3. Industrial Gas Spring Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Stabilus
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Suspa
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Lant
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bansbach
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. WDF
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. HAHN
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Barnes
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Zhongde
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dictator
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Changzhou
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Shanghai Zhenfei
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Aritech
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Vapsint
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. LiGu
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Huayang
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. AVM
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. ACE Automation
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. LongXiang
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Weijhe
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Yili
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
