Global Gas Spring Market Overview:
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. Some of the key players profiled in the study are 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).
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 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by End users, the sub-segment i.e. Meat & Livestock Industry will boost the Gas Spring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Abundant Availability of Gas
- Low Cost of Gas Spring
- Growing Demand among End-user Industries
- Advantage of Gas Spring Over Mechanical Spring
- Decreasing Price and Fluctuations in Gross Margins
- Manufacturer and OEMs Focusing On Research and Development Activities to Develop Innovative and Efficient Products
- Gas Spring is Corrosion Resistant but cannot be used in Environment with Constant Damp Load
Major Market Developments:
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.
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.
Gas Spring Manufacturers, Industry Association, Potential Investors, Marketing and Consulting Firms, Gas Spring Supplier/Traders and Distributors and Government and Regulatory Bodies
Major Objectives Focused through this Study
To define, describe, and forecast the Global Gas Spring market on the basis of product [Lift Gas Spring, Lockable Gas Spring, Swivel chair Gas Spring, Gas traction Gas Spring, Damper and Others] , application [Aerospace, Medical, Furniture, Industrial and Automotive], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Gas Spring market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Gas Spring industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Aritech (Germany), Vapsint (Italy), ACE Automation (India) and LongXiang (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Gas Spring market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.