Industrial gas springs are a type of pneumatic spring used in the manufacturing industry for a number of purposes. Gas springs are commonly used in industrial machinery for counterbalancing items and ensuring smooth operation. Gas springs are able to lift or move heavy items, and can make working with large pieces of equipment much easier. Industrial gas springs can also help to protect parts that may not be able to withstand a massive blow from an object. Gas springs are used in a variety of industries, including medical, industrial, automotive, food processing, and aerospace.
The global industrial gas springs market is expected to grow at a CAGR of more than 5% during the forecast period of 2021-2026. This growth can be attributed to the increasing demand for industrial automation and the growing demand for automobiles. The market is also driven by the increasing government initiatives and regulations encouraging the adoption of gas springs in various industrial applications. Furthermore, the growing demand for gas springs in the aerospace and military sectors is expected to contribute to a growth in the industrial gas springs market in the coming years.
The global Industrial Gas Spring market was valued at US$ 2137 million in 2022 and is anticipated to reach US$ 2840.6 million by 2029, witnessing a CAGR of 4.1% 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 Industrial Gas Spring Market available at: https://www.themarketreports.com/report/global-industrial-gas-spring-market-research-report
This report aims to provide a comprehensive presentation of the global market for Industrial 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 Industrial Gas Spring.
Global Industrial 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, Swivel chair Industrial 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, Medical, etc.
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