Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Industrial Gas Spring Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.5% during the review period (2022 to 2027).
An Industrial Gas Spring in compression is similar to a coil spring but normally much flatter. Compression Industrial Gas Springs have the rod out and the load from the application forces the rod in. Typically mounted so they are rod down in the position in which they spend the most time. This allows the oil contained within Industrial Gas Spring to lubricate the rod seals. By varying the design of the piston, seals and bearings and by modifying the quantity and viscosity or the lubricating oil can provide Industrial Gas Springs with different operating characteristics.
Leading gas spring manufacturers offer rust-inhibiting versions of their regular models. For instance, standard gas springs with an advanced UV coating, are available from ACE Controls, as well as stainless steel outer bodies that can be filled with food-grade oil .Industrial Gas Spring is mainly in the field such as automotive, furniture and industrial, which respectively have around 31.99%, 24.60% and 16.18%of the global total industry.For industry structure analysis, the Industrial Gas Spring machine industry is not concentration. Stabilus is the market leader and occupied about 21.87% of the whole market.For forecast, the global Industrial Gas Spring machine revenue would keep increasing with annual growth rate with 2~6%. We tend to believe that this industry still has a bright future, considering the current demand of Industrial Gas Spring machine. As for product prices, the slow downward trend in recent years will continue in the next few years, as competition intensifies. Similarly, there will be fluctuations in gross margin.
Top Key players in the Industrial Gas Spring Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Industrial Gas Spring Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Stabilus, Suspa, Lant, Bansbach, WDF, HAHN, Barnes Group Inc. (NYSE:B), Zhongde, Dictator, Changzhou, Shanghai Zhenfei, Aritech, Vapsint, LiGu, Huayang, AVM, ACE Automation, LongXiang, Weijhe, Yili, LiPinGe, IGS, Gaysan, Attwood, Ameritool, Metrol, Camloc, Alrose, Worldwide, Gemini and others.
Industry News:
July 28, 2021:Linde (NYSE: LIN; FWB: LIN) announced it has started up its new on-site facility in Qinzhou, China, supplying oxygen and other industrial gases to Shanghai Huayi's new chemical complex.
Industrial Gas Spring Market is segmented based on the type, applications, companies and regions.
By Type, Industrial Gas Spring Market has been segmented into
The end user’s industry application on Industrial Gas Spring Market is,
Europe is one of the leading regions in the global industrial gas spring market, and is expected to show positive growth in the near future owing to technological advancements such as dynamic damping that was introduced for automotive applications. According to the European Automobile Manufacturers Association, in 2018, 19 million motor vehicles were produced in the European Union. The growth of the gas spring market is attributed to increasing application of gas springs in the automobile industry such as suspension, hoods, doors, and others.
North America
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 4.5% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Stabilus, Suspa, Lant, Bansbach, WDF, HAHN, Barnes, Zhongde, Dictator, Changzhou, Shanghai Zhenfei, Aritech, Vapsint, LiGu, Huayang, AVM, ACE Automation, LongXiang, Weijhe, Yili, LiPinGe, IGS, Gaysan, Attwood, Ameritool, Metrol, Camloc, Alrose, Worldwide, Gemini and others. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 139 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Industrial Gas Spring Market is studied from 2017 - 2027.
What is the growth rate of Industrial Gas Spring Market?
The Industrial Gas Spring Market is growing at a CAGR of 4.5% over the next 5 years.
Who are the leading key players in Industrial Gas Spring Market?
Stabilus, Suspa, Lant, Bansbach, WDF, HAHN, Barnes, Zhongde, Dictator, Changzhou, Shanghai Zhenfei, Aritech, Vapsint, LiGu, Huayang, AVM, ACE Automation, LongXiang, Weijhe, Yili, LiPinGe, IGS, Gaysan, Attwood, Ameritool, Metrol, Camloc, Alrose, Worldwide, Gemini and others.
What regions regions does this Industrial Gas Spring Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Industrial Gas Spring Market?
Lift Industrial Gas Spring, Lockable Industrial Gas Spring, Swivel chair Industrial Gas Spring, Gas traction springs, Damper, Others
What are the significant Applications of Industrial Gas Spring Market?
Automotive, Furniture, Industrial, Aerospace, Medical, Others
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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