Press release
Gas Spring Market: In-depth Analysis, Demand Statistics & Competitive Outlook 2021-2026
Some key takeaways from this report –
The report offers key drivers that trigger the growth in the Gas Spring Market. The insights mentioned in this report helps market players in formulating strategies to gain market presence or to sustain during the hard times. The research also mentions restraints of the market. Critical data on growth opportunities, current and upcoming trends are mentioned to assist market players in taking further steps by determining the potential in untapped regions.
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The research offers segment wise analysis of the Gas Spring Market. Extensive analysis of sales, revenue, growth rate, and market share of each for the historic period and the forecast period is offered with the help of tables, graphs, pie charts and more.
Application Trends
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.
Regional Trends
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
The following are the key players in the Gas Spring Market-
• 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),
• Shunde Huayang Gas Spring Co.,Ltd. (China), and
• AVM INDUSTRIES (The U.S.).
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