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A gas spring is a device that is used to compress gas contained inside a closed system. Gas springs are widely used in automobiles, medical, and aerospace applications. The advantages of gas spring are their low maintenance, easy operability, compact and low cost.

Lift gas springs are used in various applications which include industrial & agricultural equipment, adjustable chairs, photo copier covers, lids & access panel covers, travel and cargo trailers, and automotive hood props. Hence, key players are focusing on offering new gas springs to expand their product portfolio. For instance, in September 2017, Meusburger Georg GmbH & Co KG, an Austria-based company, announced the 'E 6350 Gas' spring-force in order to expand its range of gas springs. The E 6350 is characterized by high initial forces and a compact design. These factors are contributing to increasing demand for lift gas springs in the global gas springs market.

Recent Developments:

  • In March 2020, TECAPRES, a company that manufactures gas spring has been designated as the supplier of gas spring by Renault Automotive, a French automobile manufacturer. This supplier approval of spring gas for Renault will promote and improve the sales of TECAPRES’ gas spring and help in substantial growth of the company.

Restraint:

Once damaged gas spring can be replaced but cannot be repaired. This factor can restrain the growth of the global gas spring market.  The reason why gas springs cannot be repaired is because the loss of force is caused by seal damage. If the seal is damaged they cannot be repaired as repairing the gas spring is dangerous and can cause major accidents.

Global Gas Spring Market- Impact of Coronavirus (Covid-19) Pandemic:

The spread of the COVID-19 has had an impact on people and businesses across the globe. Lockdowns were imposed across the globe. This disrupted the world economy as businesses were either shutdown or operated partially. This also impacted the business of gas springs as all the industries such as automotive, furniture, aerospace, healthcare use gas springs in various applications. This decline in demand in all these sectors also declined the demand for gas springs and hence global gas spring market witnessed slow growth during the pandemic.

North America held a dominant position in the global gas spring market in 2021

Statistics:

North America held a dominant position in the global gas spring market in 2021, accounting for 34.0% share in terms of market share, followed by Europe and Asia pacific region.

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Gas Spring Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 2,893.17 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 7.5 % 2030 Value Projection: US$ 5,457.92 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Type: Lift Gas Spring, Lockable Gas Spring, Swivel Chair Gas Spring, Gas Traction Spring, Gas Spring Damper, Others
  • By Application: Aerospace, Automotive, Medical, Industrial, Furniture, Others
Companies covered:

Stabilus GmbH, HAHN Gasfedern GmbH, ACE Controls Inc., Suspa GmbH, LANTAN gas spring Co., Ltd., WAN DER FUL CO., LTD., Bansbach Easylift, Dictator Technik GmbH, Changzhou JuTeng Gas Spring Co., Ltd., Vapsint S.R.L., Shunde Huayang Gas Spring Co., Ltd., AVM Industries, Gemini Gas Springs Inc., Alrose Industrial Technologies Pvt. Ltd, Barnes Group, Camloc Motion Control Limited., Metrol Springs Limited, Lesjofors AB (Beijer Alma)

Growth Drivers:
  • Increasing demand for gas springs in the furniture industry
  • High demand for gas springs in the automotive sector
Restraints & Challenges:
  • Gas springs are not repairable

Figure 1: Global Gas spring Market Share (%), By Region, 2021

Gas Spring  | Coherent Market Insights

North America is expected to hold a dominant position, over the forecast period. There is great demand for renovation and residential projects in North America. The rising disposable income and improved living standards of people is enticing people to renovate their houses or buy new houses. This increases the demand for furniture and gas springs are used in kitchen and home furniture on large scale. Hence, the demand for gas springs is expected to show significant growth in the forecast period.

Europe is one of the leading regions in the global gas spring market, and is expected to show positive growth in the near future owing to technological advancements such as dynamic damping that was introduced for automotive applications. For instance, in May 2017, Stabilus S.A. introduced advanced technology and innovation in dampers, electro-mechanical drives, and gas springs for motion control in various end-use industries. According to the European Automobile Manufacturers Association, in 2018, 19.2 million motor vehicles were produced in the European Union. The growth of the gas spring market is attributed to increasing application of gas springs in the automobile industry such as suspension, hoods, doors, and others. Furthermore, demand for gas springs is also increasing owing to rising application in the furniture industry, owing to increasing focus by gas spring manufacturers on expanding their product portfolio.

Lift gas spring Segment is expected to drive the Global Gas Spring Market growth during the forecast period.

Among type, the lift gas spring segment dominated the gas spring market in 2017, and is projected to retain its dominance throughout the forecast period. Lift gas springs are energy storage and non-lockable elements, and have hydro-pneumatic rams which can be charged under pressure with inert gases such as nitrogen. The high pressure nitrogen gas exerts equal pressure on surfaces having different cross-sectional piston areas, which in turn, produces a force in the moving direction. The generated force is directly proportional to the charging pressure and piston rod diameter. The lift gas spring makes opening or lifting operations very convenient, thereby eliminating the actual weight of the object to zero or negligible.

Figure 2: Global Gas Spring Market (US$ Mn) Analysis and Forecast, 2018 - 2030

Gas Spring  | Coherent Market Insights

Global gas spring market was valued at US$ 2,893.17 Mn in 2021 and is expected to reach US$ 5,457.92 Mn by 2030, growing at a CAGR of 7.5% between 2022 and 2030.

Major players operating in the global gas spring market include Stabilus GmbH, HAHN Gasfedern GmbH, ACE Controls Inc., Suspa GmbH, LANTAN gas spring Co., Ltd., WAN DER FUL CO., LTD., Bansbach Easylift, Dictator Technik GmbH, Changzhou JuTeng Gas Spring Co., Ltd., Vapsint S.R.L., Shunde Huayang Gas Spring Co., Ltd., AVM Industries, Gemini Gas Springs Inc., Alrose Industrial Technologies Pvt. Ltd, Barnes Group, Camloc Motion Control Limited., Metrol Springs Limited, Lesjofors AB (Beijer Alma)

A gas spring is a particular type of spring which is framed by a steel cylinder containing gas which is compressed by a piston to exert the force. Features of a gas spring include better wear resistance, corrosion resistance, and lower frictional attributes. Moreover, the process of construction of gas springs is non-toxic and environment friendly.

Market Drivers

Rising demand for gas springs in industries such as medical, automotive, and aerospace is expected to be a major contributing factor to the growth of the market. Therefore, gas spring manufacturers are focusing on offering a wide variety of gas springs to cater to requirements of end-use industries. Gas springs are also known as mechanical springs that use compressed gas which is enclosed within a cylinder and sealed by a sliding piston, in order to apply external force. This is widely used in the furniture industry in applications such as in office chairs, and are also incorporated in struts of automobiles to for smooth handling of the tailgate.

Industrial gas spring manufacturers are also assisting furniture design companies by providing the compatible gas spring solution used for application in their products. Also, manufacturers are focusing on offering customized gas spring solutions for end-use industries in order to expand their consumer base. Compression gas springs, tension gas springs, and adjustable locking gas springs are widely used in the furniture industry, which, in turn, is expected to boost demand for gas springs across the globe.

Key features of the study:

  • This report provides an in-depth analysis of the global gas spring market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022 to 2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players
  • It profiles leading players in the global gas spring market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as a part of this study include Stabilus GmbH, HAHN Gasfedern GmbH, ACE Controls Inc., Suspa GmbH, LANTAN gas spring Co., Ltd., WAN DER FUL CO., LTD., Bansbach Easylift, Dictator Technik GmbH, Changzhou JuTeng Gas Spring Co., Ltd., Vapsint S.R.L., Shunde Huayang Gas Spring Co., Ltd., AVM Industries, Gemini Gas Springs Inc., Alrose Industrial Technologies Pvt. LtdBarnes Group, Camloc Motion Control Limited., Metrol Springs Limited, Lesjofors AB (Beijer Alma).
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • The global gas spring marketreport caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global metamaterials market

Detailed Segmentation

  • Global Gas Spring Market, By Type:
    • Lift Gas Spring
    • Lockable Gas Spring
    • Swivel Chair Gas Spring
    • Gas Traction Spring
    • Gas Spring Damper
    • Others
  • Global Gas Spring Market, By Application:
    • Aerospace
    • Automotive
    • Medical
    • Industrial
    • Furniture
    • Others
  • Global Gas Spring Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Country:
        • Germany
        • Italy
        • U.K.
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East and Africa
      • By Country/Region:
        • GCC Countries
        • South Africa
        • Rest of Middle East and Africa
  • Company Profiles
    • Stabilus GmbH*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • HAHN Gasfedern GmbH
    • ACE Controls Inc.
    • Suspa GmbH
    • LANTAN Gas Spring Co., Ltd.
    • WAN DER FUL CO., LTD.
    • Bansbach Easylift
    • Dictator Technik GmbH
    • Changzhou JuTeng Gas Spring Co., Ltd.
    • Vapsint S.R.L
    • Shunde Huayang Gas Spring Co., Ltd.
    • AVM INDUSTRIES
    • Gemini Gas Springs Inc.
    • Alrose Industrial Technologies Pvt. Ltd
    • Barnes Group
    • Camloc Motion Control Limited
    • Metrol Springs Limited
    • Lesjofors AB (Beijer Alma)

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

Global gas spring market is expected to reach US$ 5,457.92 million by 2030.
The market is expected to witness a CAGR of 7.5% during the forecast period (2022-2030).
High demand for gas springs in the automotive sector is expected to drive growth of the market.
Among type, the lift gas spring segment held the largest market share in 2021.
North America held the largest share in the market in 2021.
Key players operating in the market include Stabilus GmbH, HAHN Gasfedern GmbH, ACE Controls Inc., Suspa GmbH, LANTAN gas spring Co., Ltd., WAN DER FUL CO., LTD., Bansbach Easylift, Dictator Technik GmbH, Changzhou JuTeng Gas Spring Co., Ltd., Vapsint S.R.L., Shunde Huayang Gas Spring Co., Ltd., AVM Industries, Gemini Gas Springs Inc., Alrose Industrial Technologies Pvt. Ltd, Barnes Group, Camloc Motion Control Limited., Metrol Springs Limited, Lesjofors AB (Beijer Alma)

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