Summary
Gas Struts Market Research Report Information By Type (Automotive Gas Struts and Spring Systems, Industrial Gas Struts and Spring Systems), By Application (Automotive, Aerospace, Marine, Medical, Furniture, and Industrial), And By Region (North America, Europe, Asia-Pacific, And Rest of the World) Market Forecast Till 2035
Market Overview
The global gas struts market was valued at USD 3,497.84 million in 2023 and is predicted to increase at a CAGR of 5.61% from 2024-2035, reaching USD 6,705.50 million in 2035. One of the primary market drivers promoting market expansion is increased automotive production and sales, particularly in emerging markets.
The demand for gasoline struts in the automotive industry continues to rise, driven by the need for efficient and dependable lifting and guidance systems in motors. Gas struts are widely used in automobile applications such as hoods, trunks, tailgates, and seats, where they provide controlled movement and support capabilities. As the automobile industry grows globally, particularly in emerging regions, demand for gasoline struts is expected to skyrocket, highlighting their relevance in current car design and functionality.
Furthermore, Gas Struts are seeing an increase in applications in the furniture and device industries, owing to the increased need for ergonomic solutions and smart home products. Gas struts enable for adjustable peak workstations, reclining seats, and storage compartments in fixtures, which improves personal comfort and convenience.
Market Segment insights
The Gas Struts Market is divided into two segments based on type: Automotive Gas Struts and Spring Systems and Industrial Gas Struts and Spring Systems.
The Gas Struts Market is divided into six applications: automotive, aerospace, marine, medical, furniture, and industrial.
Regional insights
The analysis covers market insights for North America, Europe, Asia-Pacific, and the rest of the world. The constant growth of the automotive sector in North America, together with the increasing adoption of Gas Struts for increased functionality and safety features in automobiles, drives market expansion.
The European Gas Struts market has the second-largest market share. Europe has a significant automotive industry that produces passenger automobiles, commercial vehicles, and specialty vehicles. Gas struts are crucial components found in a variety of automobile applications, including as hoods, tailgates, trunk lids, and bonnet.
The Asia-Pacific Gas Struts Market is predicted to develop at the quickest CAGR between. The automobile sector in Asia-Pacific is expanding rapidly, owing to rising disposable incomes, urbanization, and increased demand for passenger and commercial vehicles. Gas struts are critical components found in many vehicle applications, including hoods, tailgates, trunk lids, and doors.
Major Players
ACE Controls Inc., Gemini Gas Springs Inc., Ameritool Manufacturing Inc., AVM INDUSTRIES, Bansbach Easylift GmbH, Aritech Gas Spring, Camloc Motion Control Limited, Barnes Group Ltd., Dictator Technik GmbH, ChangZhou LongXiang Gas Spring Co.Ltd., Stabilus GmbH, WAN DER FUL CO.LTD., SUSPA GmbH, IDEAL Gas Spring Pvt. Ltd., Metrol Spring Limited, LANTAN, Shunde Huayang Gas Spring Co.Ltd., Industrial Gas Spring Inc., and
ページTOPに戻る
Table of Contents
TABLE OF CONTENTS
1 Executive Summary .......................................................................................................................................... 18
2 MARKET INTRODUCTION .............................................................................................................................. 20
2.1 DEFINITION .................................................................................................................................................................. 20
2.2 SCOPE OF THE STUDY .............................................................................................................................................. 20
2.3 Research Objective ...................................................................................................................................................... 20
2.4 MARKET STRUCTURE .............................................................................................................................................. 21
3 Research Methodology ..................................................................................................................................... 22
3.1 Overview 22
3.2 DATA flow ..................................................................................................................................................................... 24
3.2.1 Data Mining Process ....................................................................................................................................... 24
3.3 Purchased Database: .................................................................................................................................................. 25
3.4 Secondary Sources: ..................................................................................................................................................... 26
3.4.1 Secondary Research Data Flow: ....................................................................................................................... 27
3.5 Primary Research: ...................................................................................................................................................... 28
3.5.1 Primary Research DATA FLOW: ....................................................................................................................... 29
3.5.2 Primary Research: Number of Interviews conducted ........................................................................................ 30
3.5.3 Primary Research: Regional Coverage ............................................................................................................. 30
3.6 Approaches for Market End User Estimation: ................................................................................................... 31
3.6.1 Revenue Analysis Approach ............................................................................................................................ 31
3.6.2 Data forecasting ............................................................................................................................................. 32
3.6.3 Data Forecasting Technique ............................................................................................................................ 32
3.7 Data modeling .............................................................................................................................................................. 33
3.7.1 microeconomic factor analysis: ....................................................................................................................... 33
3.7.2 Data modeling: ............................................................................................................................................... 35
3.8 Teams and Analyst Contribution .......................................................................................................................... 36
4 Market Dynamics .............................................................................................................................................. 37
4.1 Introduction .................................................................................................................................................................. 37
4.2 Drivers 39
4.2.1 Increasing demand from the automotive industry ............................................................................................. 39
4.2.2 Rising demand from the aerospace and defense sector .................................................................................... 39
4.2.3 Advancements in gas strut technology ............................................................................................................ 40
4.3 Restraints ...................................................................................................................................................................... 42
4.3.1 Price volatility of raw materials ....................................................................................................................... 42
4.3.2 Environmental and disposal concerns .............................................................................................................. 42
4.4 Opportunity ................................................................................................................................................................... 44
4.4.1 Expansion into emerging markets .................................................................................................................... 44
4.4.2 Integration of smart and sensor-enabled gas struts .......................................................................................... 44
4.5 Impact analysis of COVID – 19 ................................................................................................................................ 45
4.5.1 Disruptions in Supply Chains and Raw Material Shortages ................................................................................ 45
4.5.2 Decline in Industrial and Automotive Demand .................................................................................................. 45
4.5.3 Shifts in Consumer Behavior and New Growth Opportunities ............................................................................. 46
4.5.4 Acceleration of Automation and Industry 4.0 Trends ........................................................................................ 46
4.5.5 Post-Pandemic Market Recovery and Outlook .................................................................................................. 46
4.6 Impact ANALYSIS OF RUSSIA-UKRAINE WAR ON THE GLOBAL GAS STRUTS MARKET ............... 47
4.6.1 Supply Chain Disruptions and Raw Material Constraints.................................................................................... 47
4.6.2 Impact on the Automotive and Aerospace Sectors............................................................................................ 47
4.6.3 Rising Energy Costs and Manufacturing Challenges.......................................................................................... 47
4.6.4 Geopolitical Uncertainty and Economic Slowdown ............................................................................................ 48
4.6.5 Opportunities for Market Adaptation and Regional Shifts .................................................................................. 48
5 Market Factor Analysis ..................................................................................................................................... 49
5.1 SUPPLY/Value Chain Analysis .............................................................................................................................. 49
5.1.1 Participants .................................................................................................................................................... 49
5.1.1.1 Raw Material Analysis............................................................................................................................. 49
5.1.1.1.1 Raw Material Selection and Procurement ........................................................................................... 49
5.1.1.1.2 Quality and Purity Standards .............................................................................................................. 50
5.1.1.1.3 List of Raw Material Suppliers (Company Name, Type of Product, Headquarters, and Contact Details) .. 50
5.1.1.2 Manufacturers/Assemblers .................................................................................................................... 50
5.1.1.2.1 Processing & Production ................................................................................................................... 51
5.1.1.2.2 Formulation and Product Development ............................................................................................... 51
5.1.1.2.3 List of Manufacturers (Company Name, Headquarters, and Contact Details) ........................................ 52
5.1.1.3 Distributors ............................................................................................................................................ 52
5.1.1.3.1 Logistics .......................................................................................................................................... 52
5.1.1.3.2 Sales and Marketing Strategies ......................................................................................................... 53
5.1.1.3.3 List of Distributors (Company Name, Type of Product, Headquarters, and Contact Details) ................... 53
5.1.1.4 End Users .............................................................................................................................................. 54
5.1.1.4.1 Customer Needs, Preferences, Pain Points & End-Use Industries ......................................................... 54
5.1.1.4.2 List of End Users (Company Name, Type of Product, Headquarters, and Contact Details)...................... 54
5.1.2 Value Percolation Across the Chain ................................................................................................................. 55
5.1.3 Integration Levels ........................................................................................................................................... 55
5.1.4 Key Issues Addressed ..................................................................................................................................... 56
5.2 Porter’s Five Forces Model ....................................................................................................................................... 57
5.2.1 Threat of New Entrants ................................................................................................................................... 58
5.2.2 Bargaining Power of Suppliers ......................................................................................................................... 58
5.2.3 Threat of Substitutes ...................................................................................................................................... 58
5.2.4 Bargaining Power of Buyers ............................................................................................................................ 58
5.2.5 Intensity of Rivalry .......................................................................................................................................... 59
5.3 Broad Level GAP Analysis to UNDerstand Untapped Areas ......................................................................... 59
5.3.1 Based on Pipe Size ......................................................................................................................................... 59
5.3.2 Based on Application ...................................................................................................................................... 60
5.4 Regulatory Framework ............................................................................................................................................. 61
5.4.1 Government Policies ....................................................................................................................................... 61
5.4.2 Certifications and Standards ........................................................................................................................... 62
5.4.3 Environmental Consideration ........................................................................................................................... 63
5.5 R&D Update ................................................................................................................................................................... 64
5.5.1 Current Scenario ............................................................................................................................................. 64
5.5.2 Future Roadmap ............................................................................................................................................. 64
5.5.3 Challenges ..................................................................................................................................................... 64
5.5.4 Novel Applications .......................................................................................................................................... 64
5.5.5 Key Developments .......................................................................................................................................... 65
5.6 PESTLE Analysis ........................................................................................................................................................ 65
5.6.1 Political ......................................................................................................................................................... 65
5.6.2 Economic ....................................................................................................................................................... 65
5.6.3 Social ............................................................................................................................................................ 65
5.6.4 Technological ................................................................................................................................................. 66
5.6.5 Environmental ................................................................................................................................................ 66
5.6.6 Legal ............................................................................................................................................................. 66
6 Global Gas Struts Market, by OUTPUT POWER ............................................................................................ 67
6.1 Introduction .................................................................................................................................................................. 67
6.2 Automotive Gas Struts and Spring System ........................................................................................................ 68
6.3 Industrial Gas Struts and Spring Systems .......................................................................................................... 68
7 GLOBAL GAS STRUTS MARKET, by APPLICATION .................................................................................... 70
7.1 Introduction .................................................................................................................................................................. 70
7.2 Automotive ................................................................................................................................................................... 71
7.3 Aerospace ...................................................................................................................................................................... 71
7.4 Marine 72
7.5 Medical 72
7.6 Furniture 73
7.7 Industrial 73
7.8 Others 73
8 GLOBAL GAS STRUTS MARKET, By Region ................................................................................................ 75
8.1 Overview 75
8.3 USA 80
8.4 CANADA 81
8.5 Mexico 82
8.6 Europe 83
8.7 Germany 86
8.9 UK 88
8.10 Spain 89
8.11 Italy 90
8.12 rest of europe ................................................................................................................................................................ 91
8.13 Asia pacific .................................................................................................................................................................... 92
8.14 china 95
8.15 India 96
8.16 japan 97
8.17 south korea ................................................................................................................................................................... 98
8.19 Vietnam 100
8.20 rest of asia pacific ....................................................................................................................................................... 101
8.21 South America ............................................................................................................................................................. 102
8.22 brazil 106
8.23 argentina 107
8.24 rest of south america ................................................................................................................................
8.25 Middel East and Africa.............................................................................................................................................. 109
8.26 Saudi Arabia ................................................................................................................................................................. 112
8.27 UAE 113
8.28 Bahrain 114
8.29 Oman 115
8.30 Qatar 116
8.31 Kuwait 117
8.32 south africa ................................................................................................................................................................... 118
8.33 rest of middle east & africa ...................................................................................................................................... 119
9 Competitive Landscape .................................................................................................................................... 120
9.1 Introduction .................................................................................................................................................................. 120
9.2 competition dashboard ............................................................................................................................................. 120
9.2.1 PRODUCT PORTFOLIO .................................................................................................................................... 121
9.2.2 REGIONAL PRESENCE ..................................................................................................................................... 122
9.2.3 STRATEGIC ALLIANCES .................................................................................................................................. 122
9.2.4 INDUSTRY EXPERIENCES ................................................................................................................................ 122
9.3 market share analysis, 2023 .................................................................................................................................... 122
9.4 who are the major disruptors & innovators ........................................................................................................ 122
9.5 what strategies are being adopted by market leaders .................................................................................... 123
9.6 KEY DEVELOPMENTS & GROWTH STRATEGIES ............................................................................................ 124
9.6.1 merger and acquisition ................................................................................................................................... 124
10 Company Profiles ............................................................................................................................................. 125
10.1 ACE Controls Inc. ........................................................................................................................................................ 125
10.1.1 COMPANY OVERVIEW ..................................................................................................................................... 125
10.1.2 KEY DEVELOPMENTS ...................................................................................................................................... 126
10.1.3 PRODUCTS OFFERed....................................................................................................................................... 126
10.1.4 SWOT ANALYSIS ............................................................................................................................................ 126
10.1.5 Key Strategy ................................................................................................................................................... 126
10.2 Gemini Gas Springs Inc. ............................................................................................................................................ 128
10.2.1 COMPANY OVERVIEW ..................................................................................................................................... 128
10.2.2 PRODUCTS OFFERed....................................................................................................................................... 129
10.2.3 KEY DEVELOPMENTS ...................................................................................................................................... 129
10.2.4 SWOT ANALYSIS ............................................................................................................................................ 129
10.2.5 Key Strategy ................................................................................................................................................... 130
10.3 Ameritool, Inc ............................................................................................................................................................... 131
10.3.1 COMPANY OVERVIEW ..................................................................................................................................... 131
10.3.2 PRODUCTS OFFERed....................................................................................................................................... 132
10.3.3 KEY DEVELOPMENTS ...................................................................................................................................... 132
10.3.4 SWOT ANALYSIS ............................................................................................................................................ 132
10.3.5 Key Strategy ................................................................................................................................................... 133
10.4 AVM Industries ........................................................................................................................................................... 134
10.4.1 COMPANY OVERVIEW ..................................................................................................................................... 134
10.4.2 PRODUCTS OFFERed....................................................................................................................................... 135
10.4.3 KEY DEVELOPMENTS ...................................................................................................................................... 135
10.4.4 SWOT ANALYSIS ............................................................................................................................................ 135
10.4.5 Key Strategy ................................................................................................................................................... 136
10.5 Bansbach Easylift GmbH .......................................................................................................................................... 137
10.5.1 COMPANY OVERVIEW ..................................................................................................................................... 137
10.5.2 PRODUCTS OFFERed....................................................................................................................................... 138
10.5.3 KEY DEVELOPMENTS ...................................................................................................................................... 138
10.5.4 SWOT ANALYSIS ............................................................................................................................................ 138
10.5.5 Key Strategy ................................................................................................................................................... 139
10.6 Aditech Produktions GmbH ..................................................................................................................................... 140
10.6.1 COMPANY OVERVIEW ..................................................................................................................................... 140
10.6.2 PRODUCTS OFFERed....................................................................................................................................... 141
10.6.3 KEY DEVELOPMENTS ...................................................................................................................................... 141
10.6.4 SWOT ANALYSIS ............................................................................................................................................ 141
10.6.5 Key Strategy ................................................................................................................................................... 142
10.7 Camloc Motion Control Ltd ...................................................................................................................................... 143
10.7.1 COMPANY OVERVIEW ..................................................................................................................................... 143
10.7.2 PRODUCTS OFFERed....................................................................................................................................... 143
10.7.3 KEY DEVELOPMENTS ...................................................................................................................................... 144
10.7.4 SWOT ANALYSIS ............................................................................................................................................ 144
10.7.5 Key Strategy ................................................................................................................................................... 145
10.8 Metrol Springs Limited ............................................................................................................................................. 146
10.8.1 COMPANY OVERVIEW ..................................................................................................................................... 146
10.8.2 PRODUCTS OFFERed....................................................................................................................................... 147
10.8.3 KEY DEVELOPMENTS ...................................................................................................................................... 147
10.8.4 SWOT ANALYSIS ............................................................................................................................................ 147
10.8.5 Key Strategy ................................................................................................................................................... 148
10.9 DICTATOR Technik GmbH....................................................................................................................................... 149
10.9.1 COMPANY OVERVIEW ..................................................................................................................................... 149
10.9.2 PRODUCTS OFFERed....................................................................................................................................... 150
10.9.3 KEY DEVELOPMENTS ...................................................................................................................................... 150
10.9.4 SWOT ANALYSIS ............................................................................................................................................ 150
10.9.5 Key Strategy ................................................................................................................................................... 151
10.10 ChangZhou LongXiang Gas Spring Co. Ltd. ........................................................................................................ 152
10.10.1 COMPANY OVERVIEW ..................................................................................................................................... 152
10.10.2 PRODUCTS OFFERed....................................................................................................................................... 153
10.10.3 KEY DEVELOPMENTS ...................................................................................................................................... 153
10.10.4 SWOT ANALYSIS ............................................................................................................................................ 153
10.10.5 Key Strategy ................................................................................................................................................... 154
