In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Industrial Gas Spring market for 2018-2023.
An Industrial Gas Spring is a type of spring that, unlike a typical metal spring, uses a compressed gas, contained in a cylinder and compressed by a piston, to exert a force.
An Industrial Gas Spring in compression is similar to a coil spring but normally much flatter. Compression Industrial Gas Springs have the rod out and the load from the application forces the rod in. Typically mounted so they are rod down in the position in which they spend the most time. This allows the oil contained within Industrial Gas Spring to lubricate the rod seals. By varying the design of the piston, seals and bearings and by modifying the quantity and viscosity or the lubricating oil can provide Industrial Gas Springs with different operating characteristics.
Europe occupied 38.95% of the production market in 2015. It is followed by United States and China, which respectively have around 19.82% and 28.25% of the global total industry. Other countries have a small amount of production. Geographically, Europe was also the largest consumption market in the world, which took about 32.80% of the global consumption volume in 2015. United States shared 27.96% of global total and China Shared 20.27%.
Industrial Gas Spring is mainly in the field such as automotive, furniture and industrial, which respectively have around 31.99%, 24.60% and 16.18%of the global total industry.
For industry structure analysis, the Industrial Gas Spring machine industry is not concentration. Stabilus is the market leader and occupied about 21.87% of the whole market.
For forecast, the global Industrial Gas Spring machine revenue would keep increasing with annual growth rate with 2~6%. We tend to believe that this industry still has a bright future, considering the current demand of Industrial Gas Spring machine. As for product prices, the slow downward trend in recent years will continue in the next few years, as competition intensifies. Similarly, there will be fluctuations in gross margin.
Over the next five years, LPI(LP Information) projects that Industrial Gas Spring will register a 4.2% CAGR in terms of revenue, reach US$ 2320 million by 2023, from US$ 1810 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Gas Spring market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Lift Industrial Gas Spring
Lockable Industrial Gas Spring
Swivel chair Industrial Gas Spring
Gas traction springs
Damper
Others
Segmentation by application:
Automotive
Furniture
Industrial
Aerospace
Medical
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East and Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Stabilus
Suspa
Lant
Bansbach
WDF
HAHN
Barnes
Zhongde
Dictator
Changzhou
Shanghai Zhenfei
Aritech
Vapsint
LiGu
Huayang
AVM
ACE Automation
LongXiang
Weijhe
Yili
LiPinGe
IGS
Gaysan
Attwood
Ameritool
Metrol
Camloc
Alrose
Worldwide
Gemini
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Industrial Gas Spring consumption (value and volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Industrial Gas Spring market by identifying its various subsegments.
Focuses on the key global Industrial Gas Spring manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Industrial Gas Spring with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Industrial Gas Spring submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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