Market Overview:
The global nitrogen gas springs market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for nitrogen gas springs in automotive and electronics applications. Nitrogen gas springs are used in a wide range of applications such as automotive, aerospace, medical, and industrial among others. They offer various benefits such as high corrosion resistance, low noise levels, and long service life among others which is driving their demand in the global market. The global nitrogen gas springs market can be segmented on the basis of type into standard, compact, super compact, and micro types. The standard type dominates the global nitrogen gas springs market owing to its widespread use across various applications.
Product Definition:
Nitrogen Gas Springs are a type of gas spring that uses nitrogen as the lifting medium. These springs are used for a variety of applications, including automotive, aerospace, and industrial.
Standard:
Nitrogen gas springs are used in a wide range of applications including automotive, aerospace and defense, medical equipment, industrial machinery and consumer goods. The growing demand for automobiles is expected to be the key driver for the growth of this market owing to its widespread use in automobile manufacturing.
The standard nitrogen gas spring consists of an inner coil that is made up of high-pressure steel tubing enclosed by an outer coil which is made up from thinner material such as aluminum or titanium.
Compact:
Compact is a type of nitrogen gas spring. It has the ability to store energy in the form of compressed nitrogen gas. The stored energy can be used to extend the force or pressure when needed, and it will gradually release its pressure when no longer required. Compact springs are mostly used in shock absorbers, automotive airbags, and electronic devices such as laptops & cell phones among others.
Application Insights:
Automotive was the largest application segment in terms of revenue and is expected to witness a CAGR of XX% over the forecast period. The product has numerous applications in automotive industry, such as power steering, airbag systems, engine mounts & supports, shock absorbers/struts and parking brake mechanism among others.
Nitrogen gas springs are widely used for manufacturing automobile suspension components owing to their lightweight property and high damping capacity which results in providing comfort ride to passengers on bumpy roads at reduced cost. The rising demand for electric vehicles is expected to further propel the market growth over the coming years due largely on improved performance characteristics of nitrogen gas springs when compared with steel or aluminum counterparts used previously for vehicle suspension system design purposes.
Regional Analysis:
Asia Pacific was the largest market for nitrogen gas springs and accounted for a revenue share of over 35.0% in 2017. The region is expected to dominate the industry over the forecast period, owing to rapid industrialization and increasing demand from end-use industries such as automotive, electronics, etc. China is one of the major consumers of nitrogen gas springs in this region due to presence of large number manufacturers coupled with high production volume per year.
North America market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for nitrogen gas springs in automotive and aerospace industries due to their high performance and reliability.
- Growing popularity of nitrogen gas springs as a replacement for traditional coil springs in suspension systems, owing to their superior characteristics such as corrosion resistance and low noise levels.
- Rising demand for nitrogen gas springs from the construction industry due to their ability to withstand heavy loads without any damage or deformation.
- Increasing use of nitrogen gas springs in medical equipment owing to their non-toxic properties and ability to maintain consistent pressure levels over long periods of time.
Scope Of The Report
Report Attributes
Report Details
Report Title
Nitrogen Gas Springs Market Research Report
By Type
Standard, Compact, Super Compact, Micro
By Application
Automotive, Electronics, Others
By Companies
DADCO, Barnes Group, Special Springs, FIBRO GmbH, BORDIGNON, AZOL, PASCAL, Xinda, QUIRI, Misumi
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Nitrogen Gas Springs Market Report Segments:
The global Nitrogen Gas Springs market is segmented on the basis of:
Types
Standard, Compact, Super Compact, Micro
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, Electronics, 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:
- DADCO
- Barnes Group
- Special Springs
- FIBRO GmbH
- BORDIGNON
- AZOL
- PASCAL
- Xinda
- QUIRI
- Misumi
Highlights of The Nitrogen Gas Springs 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:
- Standard
- Compact
- Super Compact
- Micro
- By Application:
- Automotive
- Electronics
- 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 Nitrogen Gas Springs 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Nitrogen gas springs are a type of compression spring that uses nitrogen gas as the working fluid. Nitrogen is a non-toxic and inert gas, which makes it an ideal choice for use in compression springs. The high pressure exerted by the nitrogen gas causes the metal coils to expand, providing resistance to movement and ensuring long lasting performance.
Some of the major players in the nitrogen gas springs market are DADCO, Barnes Group, Special Springs, FIBRO GmbH, BORDIGNON, AZOL, PASCAL, Xinda, QUIRI, Misumi.
The nitrogen gas springs market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Nitrogen Gas Springs 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. Nitrogen Gas Springs Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Nitrogen Gas Springs Market - Supply Chain
4.5. Global Nitrogen Gas Springs Market Forecast
4.5.1. Nitrogen Gas Springs Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Nitrogen Gas Springs Market Size (000 Units) and Y-o-Y Growth
4.5.3. Nitrogen Gas Springs Market Absolute $ Opportunity
5. Global Nitrogen Gas Springs 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. Nitrogen Gas Springs Market Size and Volume Forecast by Type
5.3.1. Standard
5.3.2. Compact
5.3.3. Super Compact
5.3.4. Micro
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Nitrogen Gas Springs 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. Nitrogen Gas Springs Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Electronics
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Nitrogen Gas Springs 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. Nitrogen Gas Springs 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 Nitrogen Gas Springs 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. Nitrogen Gas Springs 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 Nitrogen Gas Springs Demand Share Forecast, 2019-2026
9. North America Nitrogen Gas Springs 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 Nitrogen Gas Springs 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 Nitrogen Gas Springs Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Electronics
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Nitrogen Gas Springs Market Size and Volume Forecast by Type
9.7.1. Standard
9.7.2. Compact
9.7.3. Super Compact
9.7.4. Micro
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 Nitrogen Gas Springs Demand Share Forecast, 2019-2026
10. Latin America Nitrogen Gas Springs 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 Nitrogen Gas Springs 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 Nitrogen Gas Springs Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Electronics
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Nitrogen Gas Springs Market Size and Volume Forecast by Type
10.7.1. Standard
10.7.2. Compact
10.7.3. Super Compact
10.7.4. Micro
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 Nitrogen Gas Springs Demand Share Forecast, 2019-2026
11. Europe Nitrogen Gas Springs 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 Nitrogen Gas Springs 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 Nitrogen Gas Springs Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Electronics
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Nitrogen Gas Springs Market Size and Volume Forecast by Type
11.7.1. Standard
11.7.2. Compact
11.7.3. Super Compact
11.7.4. Micro
11.8. Basis Point Share (BPS) Analysis by Type
11.. 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 Nitrogen Gas Springs Demand Share, 2019-2026
12. Asia Pacific Nitrogen Gas Springs 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 Nitrogen Gas Springs 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 Nitrogen Gas Springs Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Electronics
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Nitrogen Gas Springs Market Size and Volume Forecast by Type
12.7.1. Standard
12.7.2. Compact
12.7.3. Super Compact
12.7.4. Micro
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 Nitrogen Gas Springs Demand Share, 2019-2026
13. Middle East & Africa Nitrogen Gas Springs 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 Nitrogen Gas Springs 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 Nitrogen Gas Springs Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Electronics
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Nitrogen Gas Springs Market Size and Volume Forecast by Type
13.7.1. Standard
13.7.2. Compact
13.7.3. Super Compact
13.7.4. Micro
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 Nitrogen Gas Springs Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Nitrogen Gas Springs Market: Market Share Analysis
14.2. Nitrogen Gas Springs Distributors and Customers
14.3. Nitrogen Gas Springs Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DADCO
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Barnes Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Special Springs
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. FIBRO GmbH
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BORDIGNON
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AZOL
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. PASCAL
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Xinda
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. QUIRI
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Misumi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook