Gas Spring Market, Trends, Dynamics, and Market Analysis

1. Presents a Research Report on Gas Spring Market The report on Global Gas spring market is segmented By Type (Lift Gas Spring, Lockable Gas Spring, Swivel Chair Gas Spring, Gas Traction Springs, Gas Spring Damper, and Others), By Application (Aerospace, Automotive, Medical, Industrial, Furniture, and Others), and Region. sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence

2. The Gas Spring Market Highlights& Drivers • Gas Spring Market is estimated to grow from USD 2.52 billion in 2020 to USD 3.4 billion by 2026 at a healthy CAGR of 5.2% during the forecast period. • Gas spring is a particular type of spring that is generally framed with a steel cylinder containing glass that is compressed by a piston to exert the force. • The gas spring exhibits better corrosion and wears resistance along with lower frictional attributes. • Also, the process of construction of gas springs is eco-friendly and non-toxic. • MarketInsight • Further, gas spring handles heavy objects with ease as compared to mechanical springs, which gives traction to the product demand. • These springs use compressed gas which is enclosed within a cylinder and is sealed by a sliding position, in order to apply external force. • By Application Type: • Based on application, the gas spring market has been categorized into aerospace, automotive, medical, industrial, furniture, and others. • Among these, the automotive segment witnessed the largest market share in 2020. • This is mainly attributed to surging demand for gas springs in the automotive and industrial applications to adjust passenger seats and for closing & opening of bonnet and dicky.

3. Market Insight & Competitive Insights • By Region: • The Asia Pacific market held a substantial share which is followed by North America. • Both the regional markets are likely to witness robust CAGR in the gas spring market owing to strong automotive and industrial sectors in China, India, Japan, and the US. • The Western Europe market is projected to register a healthy CAGR due to robust automotive base and presence of leading automobile manufacturers in Germany and the UK. • Key Players • Stabilus (Luxembourg), • HAHN Gasfedern GmbH (Germany), • ACE Controls Inc. (The U.S.), • Suspa GmbH (Germany), • LANTAN gas spring Co., Ltd. (China), • WAN DER FUL CO., LTD. (China), • BANSBACH EASYLIFT (Germany), • DICTATOR Technik GmbH (Germany), • Changzhou JuTeng Gas Spring Co., Ltd. (China), • VAPSINT s.r.l. (Italy), • ShundeHuayang Gas Spring Co.,Ltd. (China), and • AVM INDUSTRIES (The U.S.).

4. Data Analysis (Top Down and Bottom Up Approach) Research Methodology Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. • Secondary Research • Stratview Research Internal Knowledgebase Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others

5. Report Features • This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: • Market structure: Overview, industry life cycle analysis, supply chain analysis. • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. • Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors.

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