GAS SPRING MARKET ANALYSIS

Market Challenges And Opportunities

Global Gas Spring Market- Drivers:

Rising demand of Gas Spring

The growth of the gas spring market is expected to be significantly influenced by the increasing demand for gas springs in various industries, including medical, automotive, and aerospace. Manufacturers of gas springs are focusing on expanding their product offerings to meet the specific requirements of these industries. Gas springs, also known as mechanical springs, utilize compressed gas enclosed within a cylinder and sealed by a sliding piston to apply external force. They find extensive use in the furniture industry, particularly in office chairs, and are also incorporated in automobile struts to ensure a smooth handling of the tailgate.

In January 2021, ASRaymond announced the launch of thousands of new Gas Springs to their extensive catalog portfolio. The standard parts product line consists of pre-engineered Gas Springs, often referred to as Gas Struts or Gas Shocks, to suit a variety of applications. Now with more than 12,000 Standard Gas Springs

• Rising demand of  Gas Spring
• Injury Risk Reduction and Space Optimization

Injury Risk Reduction and Space Optimization

Utilizing furniture gas springs provides several notable advantages, including a significant reduction in the risk of injury. Moving heavy objects can be a difficult task, often leading to injuries for individuals attempting to lift or transport them. By incorporating gas springs, the force required to lift and lower these items is greatly diminished, effectively mitigating the risk of injury.

Furthermore, furniture gas springs offer a substantial space-saving benefit. By integrating gas springs into furniture design, it becomes possible to optimize space utilization, making it ideal for compact living spaces like small apartments or homes with limited room. Additionally, this design feature contributes to a cleaner and tidier environment around the furniture, as there is no need to rearrange or move items for cleaning or sweeping purposes.

In March 2023, Shanghai Temax Co., Ltd. is a leading manufacturer and supplier of furniture gas springs. Designed furniture gas springs that are easy opening and closing of furniture, cabinets, and lift up beds. With the help of these gas springs, users can easily lift and lower heavy items without exerting too much force.

Global Gas Spring Market- Opportunities:                      

Growing Demand in Automotive Industry:

The automotive industry presents a significant opportunity for the gas spring market. Gas springs find extensive usage across diverse automotive applications, including tailgates, hoods, and trunk lids. With the increasing production and sales of vehicles worldwide, there is a growing demand for gas springs to enhance the functionality and convenience of automobile components.

Demand in Aerospace and Defense            

Gas springs are utilized in various aerospace and defense applications, including aircraft seats, cockpit canopies, weapon systems, and cargo compartments. The aerospace industry is experiencing growth due to increasing air travel and defense investments, presenting opportunities for gas spring manufacturers.

Global Gas Springs market was valued at US$ 3,000.0 Mn in 2022 and is forecast to reach a value of US$ 4,988.2 Mn by 2030, exhibiting a CAGR of 6.6% between 2023 and 2030.

• Competition from Alternative Technologies
• Limited Temperature Range

Global Gas Spring Market- Restraints:

Competition from Alternative Technologies

Gas springs face competition from alternative technologies that offer similar functionality. For example, hydraulic systems, mechanical springs, and electric actuators can sometimes be viable alternatives depending on the application requirements. The availability of alternative technologies can pose a challenge to the gas spring market, especially if they offer cost advantages or better performance in specific applications.

Limited Temperature Range

Gas springs typically have a limited temperature range within which they can operate effectively. Extreme temperatures, whether extremely high or low, can affect the performance and lifespan of gas springs. Industries that operate in harsh environments, such as automotive, aerospace, and heavy machinery, may require specialized gas springs designed to withstand extreme temperatures, adding complexity and cost to the solution.

Figure 2: Global Gas Spring Market Share (%), By Type, 2022