What is Global Automotive Gas Springs Market?
The Global Automotive Gas Springs Market is a vast and dynamic sector that plays a crucial role in the automotive industry. It refers to the global market of gas springs that are primarily used in the automotive sector. Gas springs are essentially a type of spring that, unlike a typical mechanical spring that relies on elastic deformation, uses compressed gas contained within an enclosed cylinder sealed by a sliding piston to pneumatically store potential energy and withstand external force applied parallel to the direction of the piston shaft. In the automotive industry, these gas springs are used in a variety of applications such as in the opening and closing of doors, bonnets, and tailgates, in seat adjustment mechanisms, and in other similar applications. The global market for these automotive gas springs is vast and includes various types of gas springs such as lift gas springs (non-locking), lockable gas springs, and others. The market is driven by various factors such as the increasing production of vehicles, the growing demand for comfortable and convenient automotive interiors, and the rising need for lightweight and durable components in vehicles.
Lift Gas Spring (Non-locking), Lockable Gas Springs in the Global Automotive Gas Springs Market:
The Global Automotive Gas Springs Market is segmented into different types of gas springs, including Lift Gas Spring (Non-locking) and Lockable Gas Springs. Lift Gas Spring (Non-locking) is a type of gas spring that is primarily used to support the weight of vehicle components such as doors, bonnets, and tailgates in their open position. These springs are designed to exert a force that can easily lift the weight of these components and hold them in their open position. On the other hand, Lockable Gas Springs are a type of gas spring that can be locked at any position along their stroke. These springs are primarily used in applications where the position of the component needs to be adjusted and held at a specific position, such as in seat adjustment mechanisms. Both these types of gas springs play a crucial role in enhancing the comfort, convenience, and safety of vehicles. The demand for these springs is driven by various factors such as the increasing production of vehicles, the growing demand for comfortable and convenient automotive interiors, and the rising need for lightweight and durable components in vehicles.
OEM, Aftermarket in the Global Automotive Gas Springs Market:
The Global Automotive Gas Springs Market finds its usage in various areas including Original Equipment Manufacturers (OEM) and Aftermarket. OEM refers to the companies that manufacture vehicles, where these gas springs are used in various applications such as in the opening and closing of doors, bonnets, and tailgates, in seat adjustment mechanisms, and in other similar applications. On the other hand, the aftermarket refers to the secondary market of the automotive industry, where these gas springs are used as replacement parts for vehicles. The demand for these springs in both these areas is driven by various factors such as the increasing production of vehicles, the growing demand for comfortable and convenient automotive interiors, the rising need for lightweight and durable components in vehicles, and the increasing need for replacement parts in the aftermarket.
Global Automotive Gas Springs Market Outlook:
The Global Automotive Gas Springs Market is a thriving sector with a promising future. As of 2022, the market was valued at US$ 1142.3 million and is projected to reach US$ 1462.8 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 3.3% during the forecast period of 2023-2029. The market is dominated by the top 3 companies which hold a share of about 21%. Geographically, Europe is the largest market with a share of about 44%, followed by China and North America. In terms of product, lift gas spring (non-locking) is the largest segment with a share of about 75%. And in terms of applications, the largest application is OEM with a share of about 75%. These figures reflect the robust growth and vast potential of the Global Automotive Gas Springs Market.
| Report Metric | Details |
| Report Name | Automotive Gas Springs Market |
| Accounted market size in 2023 | US$ 1202.5 million |
| Forecasted market size in 2029 | US$ 1462.8 million |
| CAGR | 3.3 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Stabilus, Suspa, American Gas Springs (AGS), Bansbach, Lesjofors, Wan Der Ful Co, HAHN Gasfedern, AVM Industries, Hitachi Astemo, Anhui Lant, Vapsint, GAYSAN, Tunalift Gas Spring, Ningbo GasTac Gas Spring Co, Shanghai Boxi, Zhuhai Oudun |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
