Gas Spring Market Size & Share, by Type (Lift Gas Spring, Lockable Gas Spring, Swivel Chair Gas Spring, Gas Traction Spring, Gas Spring Damper); Application (Automotive, Aerospace, Marine, Medical, Furniture, Industrial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5356
  • Published Date: Nov 01, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Gas Spring Market size is expected to reach USD 6.8 Billion by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of gas spring was over USD  3 Billion. The market is experiencing growth due to advancements in both materials and design. The introduction of new composite materials and high-strength alloys has resulted in improved durability and performance.

Furthermore, innovative designs such as variable force gas springs have enabled precise control over force and movement speed. These technological advancements have provided manufacturers with the ability to create products that are not only more reliable but also offer superior performance.

Gas springs play a crucial role in the healthcare industry, specifically in medical equipment like hospital beds, patient lifts, and operating tables. With the increasing number of elderly individuals and the need for more healthcare infrastructure, there is a projected rise in demand for medical equipment. As per our findings, the pandemic increased the need for healthcare and it was predicted that in 2020, there was a 5% increase in healthcare spending, mostly driven by the government and hugely benefiting the healthcare equipment industry. This, in turn, will cause an upsurge in the need for gas springs in the healthcare industry to ensure that medical equipment operates safely and efficiently.

Gas Spring Market
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Gas Spring Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand in the Automotive Industry- The gas spring market has a considerable opportunity because of the automobile sector. Gas springs are widely used in a variety of vehicle applications, such as the tailgate, hood, and trunk lid. Gas springs are increasingly in demand as the production and sales of automobiles increase globally to improve the convenience and functionality of automotive components. As per the data provided by International Trade Administration, China is one of the largest vehicles industries in terms of production and annual sales. Also, the production is predicted to account 35 million vehicles by 2025. 
  • Rising Demand in emerging economies - As emerging countries such as China, India, Brazil, and Mexico continue to experience rapid industrialization and urbanization, the demand for machinery and equipment is also growing. This increase in the need for equipment is positively impacting the market for gas springs, providing numerous opportunities for market players to capitalize on this trend.
  • Focus on Sustainability- Consumers and organizations alike are placing more and more value on sustainability, and the market for gas springs is no exception. Manufacturers are now concentrating on creating recyclable, eco-friendly items that use sustainable materials. Market participants can stand out from their rivals and attract customers who are looking for ecologically friendly items by concentrating on sustainability. Increased sales and brand loyalty may result from this, hence leading to market growth.
  • Demand in Aerospace and Defense- Gas springs are used in various aerospace & defense applications, such as aircraft seats, cockpit canopies, weapon systems, and cargo compartments. The aerospace industry is expanding due to rising air travel and defense investments, creating opportunities for manufacturers of gas springs. The Saudi Ministry of Finance revealed its 2023 budget in December 2022. It states that the Kingdom will invest USD 69 billion on defense in 2023, or roughly 23% of its overall budget, which climbed by 50% over the previous year. This rising spending the on defense sector is estimated to contribute to market growth in the upcoming years.  


  • Competition from Alternate Technologies- Gas springs face competition from alternative technologies that offer similar functionality. For example, tension springs or torsion springs, hydraulic systems, mechanical springs, and electric actuators can sometimes be viable alternatives depending on the application requirements. These alternatives can be deployed for several applications that need force and motion. Furthermore, technological advancements are being made to develop more efficient mechanism and alternative solutions that can replace the gas springs. The availability of alternative technologies can pose a challenge to the gas spring market, especially if they offer cost advantages or better performance in specific applications.
  • Limited time range capacity.
  • Impact of the pandemic disrupting the supply chain.

Gas Spring Market: Key Insights

Base Year


Forecast Year



~ 7%

Base Year Market Size (2023)

 ~ USD 3 Billion

Forecast Year Market Size (2036)

 ~ USD 6.8 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Gas Spring Segmentation

Application (Automotive, Aerospace, Marine, Medical, Furniture, Industrial)

The automotive segment is expected to account for 42% share of the global gas spring market by 2036. The demand for transportation of materials has increased due to rising construction activities and infrastructure development worldwide. This has led to a surge in demand for light and heavy commercial vehicles, ultimately fuelling the demand for gas spring. Our analysis predicts that the global production of commercial vehicles reached approximately 23 million units in 2022. The top manufacturers of heavy trucks in the same year were Asia and Oceania, producing around 2.3 million units. This has contributed to an increase in demand for automotive parts and holdings, resulting in growth for the segment.

Type (Lift Gas Spring, Lockable Gas Spring, Swivel Chair Gas Spring, Gas Traction Spring, Gas Spring Damper)

The lift gas spring segment is anticipated to dominate the market with highest revenue share. Lift gas springs offer a significant advantage when it comes to facilitating the lifting and opening of various objects. This is due to their ability to minimize the weight of the object being lifted, making it easier and more efficient to perform these operations. As a result, lift gas springs have found widespread use in various industries, including the industrial and agricultural sectors, where their unique benefits have been leveraged to great effect.

Our in-depth analysis of the global market includes the following segments:


  • Automotive
  •  Aerospace
  •  Marine
  •  Medical
  •  Furniture
  •  Industrial


  • Lift Gas Spring
  •  Lockable Gas Spring
  •  Swivel Chair Gas Spring
  •  Gas Traction Spring
  •  Gas Spring Damper

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Gas Spring Industry - Regional Synopsis

North American Market Forecast

North America gas spring market is estimated to hold 49% of the revenue share by 2036. This growth in the region can be attributed to the high demand for gas springs within the automotive sector, which has been booming in recent years. As per our analysis, the sales of new vehicles in the US is predicted to reach 1,337,707 by September 2024. One of the key reasons for North America's leading position within the market is due to the presence of top-tier global manufacturers, including Industrial Gas Spring, Inc., ACE Controls Inc., AVM INDUSTRIES, and Aritech Gas Spring. These companies have helped to establish North America as a major player within the global gas spring market, and this dominance is expected to continue throughout the forecast period.

Of particular note, the United States represents a significant market for gas springs within North America, largely due to the growing aerospace sector in the region. As a result, industry experts anticipate that North America's strong position within the global market will only continue to strengthen in the coming years.

Asia Pacific Market Statistics

Asia Pacific gas spring market is estimated to hold a significant revenue share during the forecast period. The Asia Pacific market is experiencing a surge in the use of gas springs in the automotive and industrial sectors of China, India, and Japan. This trend is attributed to the region's focus on energy efficiency and sustainability, which has made gas springs more popular than traditional mechanical systems. Additionally, the aging population in the region has led to an increase in healthcare costs and a growing demand for medical supplies. gas springs play a crucial role in medical equipment such as patient lifts, operating tables, and hospital beds, which are necessary for the expanding healthcare sector in the region. Overall, gas springs have become an essential component of various industries in the Asia Pacific market due to their versatility and efficiency.

Research Nester
Gas Spring Market Size
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Companies Dominating the Gas Spring Landscape

    • Stabilus SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Barnes Group Inc.
    • SUSPA® Inc.
    • Bansbach Easylift
    • Camloc Motion Control
    • DADCO, Inc
    • Special Springs
    • DICTATOR Technik GmbHTechnik

In the News

  • July 2023- Stabilus has acquired a majority stake (60%) in Cultraro, after two successful years of partnership. Cultraro will operate as a distinct brand within Stabilus, with Paolo Cultraro remaining as CEO. The move promotes further synergy and cooperation between the two companies.
  • January,2021-A large number of new Gas Springs have been added to ASRaymondTM's broad catalog, the company said. Pre-engineered Gas Springs, also known as Gas Struts or Gas Shocks, are part of the standard components product range and can be used for a variety of applications. Customers can more easily find a strut that fits their application now that there are more than 12,000 Standard Gas Springs available. This is the biggest Gas Spring product launch in the company's 135-year history. 

Author Credits:  Richa Gupta

  • Report ID: 5356
  • Published Date: Nov 01, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand in the automotive sector, rising economies backed by increasing disposable income, and increasing focus on sustainability are some of the major growth drivers for the market.

The market size of gas spring is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2024-2036.

The major players in the market are SUSPA® Inc., Bansbach Easylift, Camloc Motion Control, DADCO, Inc, Special Springs, DICTATOR Technik GmbH, TECAPRES, IDEAL GAS SPRINGS PVT. LTD., SHOWA CORPORATION, and others

The Automotive segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Compression Gas Spring Market Market Report Scope

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