A gas spring is a type of spring that is typically made up of a strong cylinder of pressurized gas inside a steel enclosure. Gas springs are commonly used in manufacturing and in the automotive and furniture industries. They are used to support, hold, and assist with lifting or positioning objects, and can also be used as dampeners in order to absorb shock and keep objects in place. Some common uses for gas springs are in car seats, office chairs, and flip-up tables.
The major drivers of the global gas spring market include the increasing trend of customization in automotive industry, growing population of aging consumers, and rising demand for furniture industry owing to rapid urbanization and increasing disposable income.
The global Gas Spring market was valued at US$ 2137 million in 2022 and is anticipated to reach US$ 2879.5 million by 2029, witnessing a CAGR of 4.3% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Gas Spring Market available at: https://www.themarketreports.com/report/global-gas-spring-market-research-report
This report aims to provide a comprehensive presentation of the global market for Gas Spring, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Gas Spring.
Global Gas Spring key players include Stabilus, Suspa, Lant, Bansbach, WDF, etc. Global top five manufacturers hold a share about 40%. Europe is the largest market, with a share about 45%, followed by United States and China, both with a share about 20 percent. In terms of product, Lockable Gas Spring is the largest segment, with a share about 20%. And in terms of application, the largest application is Automotive, followed by Furniture, Industrial, Aerospace and Medical.
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