Gas Struts Market Size was valued at USD 2.9 Billion in 2022. The Gas Struts market industry is projected to grow from USD 3.0 Billion in 2023 to USD 4.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.50% during the forecast period (2024 - 2032). Growth in automobile production and sales, particularly in emerging markets, is one of the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The demand for fuel struts from the automobile enterprise continues to soar, driven by the want for efficient and dependable lifting and guide mechanisms in motors. Gas Struts are appreciably utilized in automotive applications, such as hoods, trunks, tailgates, and seats, in which they provide controlled movement and support functionalities. As the car area expands globally, especially in rising markets, the demand for gasoline struts is predicted to witness a vast boom, underscoring their importance in modern-day car design and functionality.
Additionally, Gas Struts are locating increasing applications in furniture and device industries, pushed with the aid of the growing call for ergonomic solutions and clever domestic products. Gas Struts allow adjustable peak desks, reclining chairs, and storage cubicles in fixtures, enhancing personal comfort and convenience. With the growing emphasis on ergonomic design and smart functionalities in each residential and commercial setting, the demand for fuel struts in furnishings and system packages is ready to revel in sturdy growth in the coming years.
Furthermore, the proliferation of ergonomic fixtures and smart domestic solutions is a key driving force fueling the demand for gas struts and propelling the market CAGR. The market for clever domestic products is increasing unexpectedly, driven by technological improvements and converting patron options for convenience and connectivity. Gas Struts play an important role in enabling clean and controlled movement in numerous clever home programs, together with adjustable cabinets, lifting mechanisms, and hidden storage answers. As the adoption of clever home technologies keeps an upward thrust, the demand for Gas Struts is predicted to witness a great increase, pushed by their vital position in enhancing the functionality and user experience of smart home answers. Thus, driving the Gas Struts market revenue.
The Gas Struts Market segmentation, based on Type, includes Automotive Gas Struts and Spring Systems, Industrial Gas Struts and Spring Systems. In 2023, the Automotive Gas Struts and Spring Systems segment dominated the market. The automotive sector is the primary driving force of the gasoline struts market. Gas Struts are used in numerous automobile applications such as hoods, trunks, tailgates, and seats. The sheer volume of automobiles produced globally, coupled with the non-stop demand for progressive car features, guarantees a constantly excessive demand for automotive gas struts.
The Gas Struts Market segmentation, based on Application, includes Automotive, Aerospace, Marine, Medical, Furniture, and Industrial. In 2023, the automotive category generated the most income. The automobile industry is considered one of the biggest consumers of gasoline struts globally. With increasing car manufacturing and sales, especially in rising markets, the call for Gas Struts keeps an upward thrust regularly. The enlargement of the automobile enterprise drives the increase of the fuel struts marketplace.
Figure 1: Gas Struts Market, by Application, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. The steady growth of the automotive sector in North America, coupled with the increasing adoption of Gas Struts for improved functionality and safety features in vehicles, drives market growth.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Gas Struts Market Share By Region 2023 (Usd Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Gas Struts market accounts for the second-largest market share. Europe boasts a robust automotive industry characterized by the production of passenger cars, commercial vehicles, and specialty vehicles. Gas Struts are essential components used in various automotive applications, including hoods, tailgates, trunk lids, and bonnets. Further, the German Gas Struts market held the largest market share, and the UK Gas Struts market was the fastest growing market in the European region.
The Asia-Pacific Gas Struts Market is expected to grow at the fastest CAGR from 2024 to 2032. The Asia-Pacific region is witnessing significant growth in the automotive industry, driven by rising disposable incomes, urbanization, and increasing demand for passenger and commercial vehicles. Gas Struts are essential components used in various automotive applications, such as hoods, tailgates, trunk lids, and doors. Moreover, China’s Gas Struts market held the largest market share, and the Indian Gas Struts market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Gas Struts market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Gas Struts industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Gas Struts industry to benefit clients and increase the market sector. In recent years, the Gas Struts industry has offered some of the most significant advantages to homes. Major players in the Gas Struts market, including 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 others, are attempting to increase market demand by investing in research and development operations.
ACE Controls Inc. is a leading worldwide producer of movement manage merchandise and commercial damping solutions. Established in 1963 and centered in Farmington Hills, Michigan, ACE Controls has a strong recognition for engineering excellence and innovation in the area of movement control generation. The agency specializes in designing and generating a huge variety of merchandise, which includes industrial shock absorbers, gas springs, hydraulic dampers, and vibration control solutions. ACE Controls serves numerous industries in the automotive, aerospace, manufacturing, and robotics sectors, offering tailored answers to fulfill the particular needs of each zone. With a commitment to the best reliability and patron pride, ACE Controls remains a trusted accomplice for organizations globally searching for precision movement and manipulation solutions.
Gemini Gas Springs Inc. is a main producer of amazing gas springs and associated merchandise, catering to numerous industries globally. Founded in 1988 and based in San Leandro, California, Gemini Gas Springs has established itself as the best provider of gasoline spring solutions recognized for their sturdiness, performance, and reliability. The organization offers a comprehensive variety of fuel springs, including compression, locking, anxiety, and stainless steel fuel springs, designed to meet the diverse wishes of its customers across industries, including automobiles, fixtures, scientific equipment, and commercial machinery. With a focal point on innovation, exceptional product, and customer support, Gemini Gas Springs remains a dependent-on accomplice for businesses looking for dependable and efficient gasoline spring answers tailored to their precise programs.
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, customers can more easily identify a strut that fits their application.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 2.9 Billion |
| Market Size 2023 | USD 3.0 Billion |
| Market Size 2032 | USD 4.6 Billion |
| Compound Annual Growth Rate (CAGR) | 5.50% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019-2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | 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. |
| Key Market Opportunities | ·        The increasing disposable income and urbanization in developing economies are expected to propel the demand for Gas Struts in various applications. |
| Key Market Dynamics | ·        Gas Struts are subject to stringent safety regulations regarding pressure containment and material properties. Meeting these regulations can increase the manufacturing costs. |
Frequently Asked Questions (FAQ) :
The Gas Struts Market size was valued at USD 3.0 Billion in 2023.
The global market is projected to grow at a CAGR of 5.50% during the forecast period, 2024-2032.
North America had the largest share in the global market
The key players in the market are 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.
The Automotive Gas Struts and Spring Systems category dominated the market in 2023.
The Automotive category had the largest share in the global market.
Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
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