Market key trends:
One of the key trends fuelling the gas spring market growth is increased industrialization and automation. Gas springs are extensively used as components in factory automation equipment and precision machinery to enable smooth operation of moving parts. They provide downward force in automated assembly lines, closure mechanisms, positioning applications etc. Furthermore, rising adoption of gas springs in the automotive industry is also propelling market expansion. Gas springs are integral parts of car seats, liftgates, hoods and other adjustable components for user ergonomics and convenience. Rapid urbanization and growing vehicle fleet worldwide are creating sustained demand for car gas springs. Increased usage of gas springs across industrial, automotive and furniture sectors is expected to continue driving the global market during the forecast period.
The Global Gas Spring Market Size is expected to witness high growth, exhibiting CAGR of 6.6% over the forecast period, due to increasing adoption in automotive and industrial equipment sectors. Growing demand for adjustable chairs and furniture incorporating gas springs will drive market revenues.