Gas Spring Market : Competition Mapping and Benchmarking

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.

As per the gas spring industry research by Fact.MR - a market research and competitive intelligence provider, historically, from 2016 to 2020, market value of the gas spring industry increased at around 4.6% CAGR, wherein, countries such as the U.S., Canada, China, Japan, Germany, and U.K. held significant share in the global market.

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Key findings of the Gas Spring market study:

·         Regional breakdown of the Gas Spring market based on predefined taxonomy.

·         Innovative manufacturing processes implemented by Gas Spring vendors in detail.

·         Region-wise and country-wise fragmentation of the Gas Spring market to grasp the revenue, and growth outlook in these areas.

·         Changing preferences among consumers across various regions and countries.

·         Factors (Positive and Negative) impacting the growth of the global Gas Spring market.

Competitive Landscape:

  • ADB SAFEGATE, Stabilus GmbH, Beijer Alma, Barnes Group, Suspa GmbH, BANSBACH EASYLIFT, Camloc, Dadco, Special Springs, DICTATOR Technik GmbH, Pascal Engineering, Tecapres, and Showa Corporation are identified as key players manufacturing gas springs.

Aforementioned players rely on a blend of organic and inorganic strategies to increase penetration across lucrative markets. These strategies include new product launches, collaborations and partnerships with prominent players in automotive, healthcare and aerospace industry, acquisitions of emerging players, and strengthening of regional and global distribution networks.

  • In 2020, TECAPRES has been named as a supplier of gas springs for Renault Automotive. TECAPRES has been striving to achieve the highest standards of quality and service demanded by the automotive industry. This supplier agreement would boost the sales of TECAPRES and provide substantial growth in the market share.
  • In 2019, Stabilus, a global leader in gas springs, damping systems, and electromechanical drives for motion control, has acquired General Aerospace GmbH ('General Aerospace'), a well-known provider of motion control solutions for the aerospace industry. This advancement would harness the gas spring business development in aerospace industry.
  • In 2018, Industrial Gas Springs Group Holdings Limited, a recognised designer, maker, and supplier of customised gas springs, was acquired by Barnes Group Inc., a multinational distributor of highly engineered goods and differentiated industrial technologies.

Similarly, recent developments related to companies manufacturing gas springs have been tracked by the team at Fact.MR, which is available in the full report.

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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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