Product Code: PM3673
The global gas spring market size is expected to reach USD 4,748.34 million by 2032, according to a new study by Polaris Market Research. The report "Gas Spring Market Share, Size, Trends, Industry Analysis Report, By Product (Gas Springs, Dampers, and Others); By Mounting Orientation; By Application; By Sales Channel; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing focus on manufacturers towards developing products with enhanced corrosion resistance, improved and unique characteristics, and longer lifespans made for particular applications like healthcare, medical equipment, furniture, and automotive, are major factors pushing the market growth forward. Moreover, gas springs are also finding applications in renewable energy, such as solar panel mounting systems for adjustable positioning and ease of installation. Thus, exploring new industries expands the potential market for gas springs over the coming years.
For instance, in June 2023, Alphasense announced the launch of its new compact sensor, mainly designed for air quality monitoring and gas detection. It is compatible with 1-Series sensors from other manufacturers and uses a surface mount spring instead of pins, which creates flexibility.
The rising proliferation regarding the use of lightweight materials and design optimization techniques has enabled the development of gas springs with reduced weight and improved performance, and the incorporation of advanced materials such as high-strength alloys and composites into these products to achieve lighter gas spring components without compromising strength or durability is gaining huge traction.
Additionally, the emerging trend of integrating automation technologies and Industry 4.0 principles into gas springs allows for precise control, synchronized movements, and improved productivity. Also, it enables data connectivity, real-time monitoring, and predictive maintenance of gas spring systems, which in turn, creating new revenue opportunities for the companies operating in the market.
Gas Spring Market Report Highlights
Gas springs segment held the majority market share in 2022, on account of its widespread use in industrial application from several sectors including automotive, machinery, and furniture
Horizontal gas springs segment is anticipated to hold substantial share over the forecast period, mainly due to growing need and demand for springs facilitating smooth and effortless movements
Automotive segment accounted for largest market share in 2022, which is mainly driven by increasing sales and adoption of automobiles globally integrated with gas springs
OEM segment is likely to grow at fastest growth rate during the study period, mainly attributable to significant advancements in designs and manufacturing processes of products
North America region led the industry market with largest share in 2022, owing to presence of well-established industries and huge investments in R&D to develop more innovated products
The global key market players include: AVM Industries, Industrial Gas Springs, Lantan Gas Spring, Suspa GmbH, Winco Stamping, Showa Corporation, and ACE Controls
Polaris Market Research has segmented the gas spring market report based on product, mounting orientation, application, sales channel, and region:
Gas Spring, Product Outlook (Revenue - USD Million, 2019 - 2032)
- Gas Springs
- Dampers
- Others
Gas Spring, Mounting Orientation Outlook (Revenue - USD Million, 2019 - 2032)
- Horizontal Gas Springs
- Vertical Gas Springs
Gas Spring, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Automotive
- Aerospace, Marine, & Rail
- Home & Office Equipment
- Industrial Machinery & Automation
- Healthcare
- Others
Gas Spring, Sales Channel Outlook (Revenue - USD Million, 2019 - 2032)
Gas Spring, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Gas Spring Market Insights
- 4.1. Gas Spring - Industry Snapshot
- 4.2. Gas Spring Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising concern regarding environmental friendly solutions
- 4.2.1.2. Rising penetration towards introducing IoT in gas spring
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Limited Temperature Range
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Gas Spring Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Gas Spring Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Gas Spring Market, by Product, 2019-2032 (USD Million)
- 5.3. Gas Springs
- 5.3.1. Global Gas Spring Market, by Gas Springs, by Region, 2019-2032 (USD Million)
- 5.4. Dampers
- 5.4.1. Global Gas Spring Market, by Dampers, by Region, 2019-2032 (USD Million)
- 5.5. Others
- 5.5.1. Global Gas Spring Market, by Others, by Region, 2019-2032 (USD Million)
6. Global Gas Spring Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Gas Spring Market, by Application, 2019-2032 (USD Million)
- 6.3. Automotive
- 6.3.1. Global Gas Spring Market, by Automotive, by Region, 2019-2032 (USD Million)
- 6.4. Aerospace, Marine, & Rail
- 6.4.1. Global Gas Spring Market, by Aerospace, Marine, & Rail, by Region, 2019-2032 (USD Million)
- 6.5. Home & Office Equipment
- 6.5.1. Global Gas Spring Market, by Home & Office Equipment, by Region, 2019-2032 (USD Million)
- 6.6. Industrial Machinery & Automation
- 6.6.1. Global Gas Spring Market, by Industrial Machinery & Automation, by Region, 2019-2032 (USD Million)
- 6.7. Healthcare
- 6.7.1. Global Gas Spring Market, by Healthcare, by Region, 2019-2032 (USD Million)
- 6.8. Others
- 6.8.1. Global Gas Spring Market, by Others, by Region, 2019-2032 (USD Million)
7. Global Gas Spring Market, by Mounting Orientation
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 7.3. Horizontal Gas Springs
- 7.3.1. Global Gas Spring Market, by Horizontal Gas Springs, by Region, 2019-2032 (USD Million)
- 7.4. Vertical Gas Springs
- 7.4.1. Global Gas Spring Market, by Vertical Gas Springs, by Region, 2019-2032 (USD Million)
8. Global Gas Spring Market, by Sales Channel
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 8.3. OEM
- 8.3.1. Global Gas Spring Market, by OEM, by Region, 2019-2032 (USD Million)
- 8.4. Aftermarket
- 8.4.1. Global Gas Spring Market, by Aftermarket, by Region, 2019-2032 (USD Million)
9. Global Gas Spring Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Gas Spring Market Assessment, By Geography, 2019-2032 (USD Million)
- 9.3. Gas Spring Market - North America
- 9.3.1. North America: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.3.2. North America: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.3.3. North America: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.3.4. North America: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.3.5. Gas Spring Market - U.S.
- 9.3.5.1. U.S.: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.3.5.2. U.S.: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.3.5.3. U.S.: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.3.5.4. U.S.: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.3.6. Gas Spring Market - Canada
- 9.3.6.1. Canada: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.3.6.2. Canada: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.3.6.3. Canada: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.3.6.4. Canada: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.4. Gas Spring Market - Europe
- 9.4.1. Europe: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.4.2. Europe: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.4.3. Europe: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.4.4. Europe: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.4.5. Gas Spring Market - UK
- 9.4.5.1. UK: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.4.5.2. UK: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.4.5.3. UK: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.4.5.4. UK: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.4.6. Gas Spring Market - France
- 9.4.6.1. France: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.4.6.2. France: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.4.6.3. France: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.4.6.4. France: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.4.7. Gas Spring Market - Germany
- 9.4.7.1. Germany: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.4.7.2. Germany: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.4.7.3. Germany: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.4.7.4. Germany: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.4.8. Gas Spring Market - Italy
- 9.4.8.1. Italy: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.4.8.2. Italy: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.4.8.3. Italy: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.4.8.4. Italy: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.4.9. Gas Spring Market - Spain
- 9.4.9.1. Spain: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.4.9.2. Spain: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.4.9.3. Spain: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.4.9.4. Spain: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.4.10. Gas Spring Market - Netherlands
- 9.4.10.1. Netherlands: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.4.10.2. Netherlands: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.4.10.3. Netherlands: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.4.10.4. Netherlands: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.4.11. Gas Spring Market - Russia
- 9.4.11.1. Russia: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.4.11.2. Russia.: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.4.11.3. Russia: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.4.11.4. Russia: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.5. Gas Spring Market - Asia Pacific
- 9.5.1. Asia Pacific: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.5.2. Asia Pacific: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.5.3. Asia Pacific: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.5.4. Asia Pacific: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.5.5. Gas Spring Market - China
- 9.5.5.1. China: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.5.5.2. China.: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.5.5.3. China: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.5.5.4. China: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.5.6. Gas Spring Market - India
- 9.5.6.1. India: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.5.6.2. India.: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.5.6.3. India: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.5.6.4. India: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.5.7. Gas Spring Market - Japan
- 9.5.7.1. Japan: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.5.7.2. Japan.: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.5.7.3. Japan: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.5.7.4. Japan: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.5.8. Gas Spring Market - Malaysia
- 9.5.8.1. Malaysia: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.5.8.2. Malaysia.: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.5.8.3. Malaysia: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.5.8.4. Malaysia: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.5.9. Gas Spring Market - Indonesia
- 9.5.9.1. Indonesia: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.5.9.2. Indonesia.: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.5.9.3. Indonesia: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.5.9.4. Indonesia: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.5.10. Gas Spring Market - South Korea
- 9.5.10.1. South Korea: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.5.10.2. South Korea.: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.5.10.3. South Korea: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.5.10.4. South Korea: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.6. Gas Spring Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.6.2. Middle East & Africa: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.6.3. Middle East & Africa: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.6.4. Middle East & Africa: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.6.5. Gas Spring Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.6.5.2. Saudi Arabia: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.6.5.3. Saudi Arabia: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.6.5.4. Saudi Arabia: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.6.6. Gas Spring Market - South Africa
- 9.6.6.1. South Africa: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.6.6.2. South Africa: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.6.6.3. South Africa: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.6.6.4. South Africa: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.6.7. Gas Spring Market - Israel
- 9.6.7.1. Israel: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.6.7.2. Israel: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.6.7.3. Israel: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.6.7.4. Israel: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.6.8. Gas Spring Market - UAE
- 9.6.8.1. UAE: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.6.8.2. UAE: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.6.8.3. UAE: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.6.8.4. UAE: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.7. Gas Spring Market - Latin America
- 9.7.1. Latin America: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.7.2. Latin America: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.7.3. Latin America: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.7.4. Latin America: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.7.5. Gas Spring Market - Mexico
- 9.7.5.1. Mexico: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.7.5.2. Mexico: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.7.5.3. Mexico: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.7.5.4. Mexico: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.7.6. Gas Spring Market - Brazil
- 9.7.6.1. Brazil: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.7.6.2. Brazil: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.7.6.3. Brazil: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.7.6.4. Brazil: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
- 9.7.7. Gas Spring Market - Argentina
- 9.7.7.1. Argentina: Gas Spring Market, by Product, 2019-2032 (USD Million)
- 9.7.7.2. Argentina: Gas Spring Market, by Sales Channel, 2019-2032 (USD Million)
- 9.7.7.3. Argentina: Gas Spring Market, by Application, 2019-2032 (USD Million)
- 9.7.7.4. Argentina: Gas Spring Market, by Mounting Orientation, 2019-2032 (USD Million)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. ACE Controls Inc.
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. Ameritool Manufacturing
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. AVM Industries
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. Bansbach Easylift
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. Barnes Group
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. DICTATOR Technik GmbH
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. Hahn Gasfedern
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. IGS Italia
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. Industrial Gas Springs
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
- 11.10. Lantan Gas Spring Co. Ltd.
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development
- 11.11. Metrol Springs Ltd.
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Benchmarking
- 11.11.4. Recent Development
- 11.12. Showa Corporation
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Product Benchmarking
- 11.12.4. Recent Development
- 11.13. Shunde Huayang Gas Spring Co. Ltd.
- 11.13.1. Company Overview
- 11.13.2. Financial Performance
- 11.13.3. Product Benchmarking
- 11.13.4. Recent Development
- 11.14. Stabilus GmbH
- 11.14.1. Company Overview
- 11.14.2. Financial Performance
- 11.14.3. Product Benchmarking
- 11.14.4. Recent Development
- 11.15. Suspa GmbH
- 11.15.1. Company Overview
- 11.15.2. Financial Performance
- 11.15.3. Product Benchmarking
- 11.15.4. Recent Development
- 11.16. Wan Der Ful Co. Ltd.
- 11.16.1. Company Overview
- 11.16.2. Financial Performance
- 11.16.3. Product Benchmarking
- 11.16.4. Recent Development
- 11.17. Winco Stamping
- 11.17.1. Company Overview
- 11.17.2. Financial Performance
- 11.17.3. Product Benchmarking
- 11.17.4. Recent Development