Gas Spring Market to Witness Astonishing Growth by 2027
Stratview Research delivers key insights on the global Gas Spring Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.
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The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Key Players
The following are some of the key players in the Gas Spring Market:
• Stabilus (Luxembourg),
• HAHN Gasfedern GmbH (Germany),
• ACE Controls Inc. (The U.S.),
• Suspa GmbH (Germany),
• LANTAN gas spring Co., Ltd. (China),
• WAN DER FUL CO., LTD. (China),
• BANSBACH EASYLIFT (Germany),
• DICTATOR Technik GmbH (Germany),
• Changzhou JuTeng Gas Spring Co., Ltd. (China),
• VAPSINT s.r.l. (Italy),
• Shunde Huayang Gas Spring Co.,Ltd. (China), and
• AVM INDUSTRIES (The U.S.).
Growth drivers and Market Value:
This report, from Stratview Research Gas Spring Market value and growth drivers over the trend period of 2022-27. According to the report -
The Global Gas Spring Market is estimated to grow from USD 2.52 billion in 2021 to USD 3.4 billion by 2026 at a healthy CAGR of 5.2% during the forecast period.
Segment Analysis:
Based on by Application Type:
Among these, the automotive segment witnessed the largest market share in 2021. This is mainly attributed to surging demand for gas springs in the automotive and industrial applications to adjust passenger seats and for closing & opening of bonnet and dicky.
Based on Regional:
• Both the regional markets are likely to witness robust CAGR in the gas spring market owing to strong automotive and industrial sectors in China, India, Japan, and the US.
• The Western Europe market is projected to register a healthy CAGR due to robust automotive base and presence of leading automobile manufacturers in Germany and the UK.
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FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Gas Spring Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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