According to recently published gas spring industry study, global demand increased 5.4% year over year (YoY) in 2021 to a total of 417,000 units. Standard gas spring demand increased by 4.4% to reach 117,000 units, while lockable gas spring demand increased by 5.7% to reach 155,900 units.
With global revenues increasing 7.6% year over year in 2020, the healthcare sector experienced explosive expansion. Fact. By 2031, MR predicts that sales of gas springs will generate about US$ 9 Bn in revenue, growing by 2.6X between 2021 and 2031 at a 10% compound annual growth rate (CAGR).
Why is Demand for Gas Springs Rapidly Increasing?
Customers can employ customised gas springs by deciding on the output power, end fittings, and other mechanisms that suit their needs. Typically, mechanical springs don’t offer this level of customization. Instead, organisations are only able to select from a few number of straightforward mechanical spring types. Gas springs are available in a variety of styles, each with a unique set of properties.
Additionally, top gas spring producers offer rust-inhibiting variants of their standard models to prevent corrosion in food- or hygienically sensitive places. For instance, ACE Controls offers ordinary gas springs with a cutting-edge UV coating as well as stainless steel outer bodies that may be filled with food-grade oil and satisfy FDA regulations.
Manufacturers are able to supply adaptable solutions with the essential dimensions and qualities, empowering customers and generating more money for market players based on customised requirements put forth by consumers.
Key Companies Profiled
- Stabilus GmbH
- Beijer Alma
- Barnes Group
- Suspa GmbH
- BANSBACH EASYLIFT
- Special Springs
- DICTATOR Technik GmbH
- Pascal Engineering
- Showa Corporation
Gas Spring market research study will aid a lot of producers in defining and expanding their global demand. Furthermore, this research study examines historical data and forecasts to estimate the entire market size based on a global scenario.
The Gas Spring market segment covers micro and macro trends, main developments, companies/distributors in the market, and their usage and penetration across a variety of end-users. The report also contains accurate geographical insights in terms of various countries.
Key Objectives of this Study:
- To get a geographical overview, as well as quantitative data on the leading players, segmentation, and applications.
- To estimate and predict the global Gas Spring market size.
- To classify and predict the global Gas Spring market component, application, function, end-use, deployment style, organization size, and geographic distribution.
- To determine the global Gas Spring market’s drivers and obstacles.
This newly published and insightful report compounds sheds light on key dynamics, Key Trends of Gas Spring and their impact on the overall value chain from Gas Spring to end-users, which are expected to transform the future of the Gas Spring sales.