A gas spring is a particular type of spring which is framed by a steel cylinder containing gas which is compressed by a piston to exert the force. Features of a gas spring include better wear resistance, corrosion resistance, and lower frictional attributes. Moreover, the process of construction of gas springs is non-toxic and environment friendly.Global gas spring market generated revenue of US$ 2,487.4 million in 2017. By 2027, the gas spring market is expected to be valued at US$ 4,191.6 million with a CAGR of 5.6% over the forecast period. Gas spring damper segment in the market is expected to exhibit the highest growth during the forecast period. This segment was valued at US$ 603.3 Mn in 2018, and is expected to grow at the CAGR of 6.1% during the forecast period of 2019-2027.
 
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Market Drivers: Increasing Demand for Gas Springs in the Furniture Industry
 
Rising demand for gas springs in industries such as medical, automotive, and aerospace is expected to be a major contributing factor to the growth of the market. Therefore, gas spring manufacturers are focusing on offering a wide variety of gas springs to cater to requirements of end-use industries. Gas springs are also known as mechanical springs that use compressed gas which is enclosed within a cylinder and sealed by a sliding piston, in order to apply external force. This is widely used in the furniture industry in applications such as in office chairs, and are also incorporated in struts of automobiles to for smooth handling of the tailgate.
Industrial gas spring manufacturers are also assisting furniture design companies by providing the compatible gas spring solution used for application in their products. Also, manufacturers are focusing on offering customized gas spring solutions for end-use industries in order to expand their consumer base. Compression gas springs, tension gas springs, and adjustable locking gas springs are widely used in the furniture industry, which, in turn, is expected to boost demand for gas springs across the globe.
 
Key features of the study:
 

This report provides in-depth analysis of the gas spring market size (US$ Mn), and compound annual growth rate (CAGR %) for the forecast period (2019– 2027), considering 2017 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global gas spring market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, strategies, and future plans
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
The global gas spring market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global gas spring market

 
Detailed Segmentation:
 
Global Gas spring Market, By Type:

Lift Gas Spring
Lockable Gas Spring
Swivel Chair Gas Spring
Gas Traction Spring
Gas Spring Damper
Others

Global Gas spring Market, By Application:

Aerospace
Automotive
Medical
Industrial
Furniture
Others

 
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