Gas Struts and Spring Systems: Introduction
- Gas struts and spring systems are used for lifting, opening, adjusting, closing, and positioning operations in a diverse range of fields
- Gas springs are occasionally referred to as gas props, gas lifts, or gas struts, depending on application and industry. Gas struts and spring systems are primarily used to counterbalance or support moving masses.
- Gas struts and spring systems are hydro-pneumatic adjustment elements. These systems consist of a piston rod and a pressure tube with a piston unit.
- Gas struts and spring systems are of various designs such as extension-damped gas struts, compressed-damped gas struts, compressed and extension-damped gas springs, and gas springs without damping
- Gas struts and spring systems are filled with non-toxic nitrogen under high pressure. Additionally, there exists a defined amount of oil in the interior of gas struts and springs for end-position damping and lubrication.
- The global gas struts and spring systems market is projected to expand at a rapid pace during the forecast period, owing to increased demand for these systems in industries such as automotive, aerospace, and marine.
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Global Gas Struts and Spring Systems Market: Dynamics
Global Gas Struts and Spring Systems Market: Key Drivers
- Gas struts and spring systems are lightweight, corrosion resistant, durable, easy to install, and reliable. These features are expected to boost the demand for gas struts and spring systems in the automotive industry during the forecast period.
- Growth of residential and automotive industries has fueled the demand for gas struts and spring systems across the world
- Rising demand for gas struts and spring systems in industries such as automotive, marine, and aerospace is one of the major factors driving the global gas struts and spring systems market
- Increasing usage in aerospace and automotive industries has led to increasing demand for nitrogen gas springs, which is anticipated to fuel the global market for gas struts and spring systems in the next few years
High Costs of Gas Struts and Spring Systems to Hamper Market
- Gas struts and spring systems are generally corrosion resistant, but they cannot be used in environments with a constant damp load. This, in turn, is expected to hinder the global gas struts and spring systems market in the next few years.
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North America to Hold a Major Share of Global Gas Struts and Spring Systems Market
- In terms of region, the global struts & spring systems market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- North America held a leading share of the global gas struts and spring systems market, in terms of revenue, in 2018 and is projected to continue its dominance throughout the forecast period. The U.S. is a key market for struts and spring systems in North America, due to increasing aircraft production in the country. For instance, according the Aerospace Industries Association, civil aircraft production in the U.S. stood at 2,652 units in 2016, which rose to 2,808 units in 2017.
Global Gas Struts and Spring Systems Market: Competition Landscape
Key Players Operating in Global Gas Struts and Spring Systems Market
Several local, regional, and international players operate in the global market for gas struts and spring systems. Thus, the global gas struts and spring systems market is fragmented and the bargaining power of suppliers is low. Manufacturers of gas struts and spring systems are adopting key strategies of new product development and acquisition. For instance, in July 2019, Camloc Motion Control Limited, a manufacturer of dampers, gas springs, and struts, entered into a partnership with Appian Fasteners, an Ireland-based distributor of mechanical components and industrial fasteners, for expanding its distribution network and strengthening its geographical presence. Key players operating in the global gas struts and spring systems market are:
- ACE Controls Inc.
- Ameritool Manufacturing Inc.
- Aritech Gas Spring
- AVM INDUSTRIES
- Bansbach Easylift GmbH
- Barnes Group Ltd.
- ChangZhou LongXiang Gas Spring Co., Ltd.
- Camloc Motion Control Limited
- Dictator Technik GmbH
- Gemini Gas Springs Inc.
- IDEAL Gas Spring Pvt. Ltd.
- Industrial Gas Spring, Inc.
- Metrol Spring Limited
- Shunde Huayang Gas Spring Co., Ltd.
- Stabilus GmbH
- SUSPA GmbH
- WAN DER FUL CO., LTD.
Global Gas Struts and Spring Systems Market: Research Scope
Global Gas Struts and Spring Systems Market, by Type
- Automotive Gas Struts and Spring Systems
- Industrial Gas Struts and Spring Systems
Global Gas Struts and Spring Systems Market, by Industry
Global Gas Struts and Spring Systems Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.