Global Gas Struts Market to Reach USD 4.9 Billion by 2033, Boosted by Automotive Demand and Technological Advancements

Introduction

The Global Gas Struts Market is projected to grow substantially, with estimations suggesting it will reach a value of approximately USD 4.9 Billion by 2033, up from USD 2.9 Billion in 2023. This growth is anticipated to occur at a robust (CAGR) of 5.4% during the forecast period spanning from 2023 to 2033.

The gas struts market is the industry that manufactures and sells gas struts, which are devices used to support, lift, or adjust the height and position of objects. These struts, filled with gas, are commonly found in car hoods, hatchbacks, office chairs, and machinery. The demand for gas struts is growing due to their widespread use in everyday items and industrial applications, as well as advancements in technology and design.

Segmentation of the Gas Struts Market

The Gas Struts market, segmented into Automotive Gas Struts and Spring Systems and Industrial Gas Struts and Spring Systems, is primarily driven by the automotive industry. These struts are used in various car applications, such as seats, tailgates, hoods, and trunks. The demand for automotive gas struts is expected to grow due to the global production of cars.

The Gas Struts Market is divided into Automotive, Aerospace, Marine, Medical, Furniture, and Industrial segments. The automotive sector is the largest consumer of gasoline globally, with rising demand for gas shocks. The growth of the fuel struts market is driven by the automotive industry's expansion. Gas struts are used in aircraft systems, such as hatches, access doors, car hoods, and trunks, for smooth, controlled movements. They are also used in medical equipment, such as operating tables, exam tables, dentist chairs, and adjustable beds, due to the demand for adaptable and ergonomic medical equipment.

Growth Factors of the Gas Struts Market

Increasing Demand in the Automotive Industry: The gas struts market is experiencing significant growth driven by the rising demand in the automotive industry. Gas struts, also known as gas springs or gas shocks, are essential in vehicles for applications such as hoods, trunks, tailgates, and seats. As the global automotive market expands, particularly in developing regions, the need for reliable and efficient components like gas struts continues to grow. This demand is further fueled by the push for advanced vehicle features that enhance comfort and safety, making gas struts a crucial element in modern automotive design​​.

Growth in Industrial Applications: Another key factor driving the gas struts market is their increasing use in various industrial applications. Industries such as aerospace, machinery, and robotics rely heavily on gas struts for tasks that require controlled motion and precise support. The advancements in industrial automation and manufacturing technologies have further amplified the demand for gas struts, as they improve efficiency, safety, and performance in industrial settings. This broad industrial application base ensures a steady growth trajectory for the gas struts market​.

Adoption of Ergonomic Furniture: The growing trend of ergonomic furniture is also contributing to the market's expansion. Consumers are increasingly prioritizing comfort and convenience in their living spaces, leading to a higher demand for gas struts in furniture and appliances. These struts enable smooth and controlled movements, enhancing the functionality and user experience of ergonomic furniture. The shift towards smart home solutions further amplifies this trend, making gas struts an integral component in the design of modern, user-friendly living environments​​.

Technological Advancements: Technological advancements play a significant role in the growth of the gas struts market. Innovations in material science and engineering have led to the development of more durable and efficient gas struts. These advancements have improved the performance of gas struts, making them more reliable and extending their lifespan. As a result, industries that require high-performance components, such as automotive and aerospace, are increasingly adopting these advanced gas struts, driving market growth​​.

Regional Market Expansion: The global gas struts market is also benefiting from regional market expansions. In North America, the robust automotive and industrial sectors are major contributors to market growth. The presence of leading automotive manufacturers and technological innovators in this region fosters continuous advancements in gas strut applications. Similarly, Europe’s emphasis on sustainability and energy efficiency boosts the adoption of gas struts in various sectors. Meanwhile, the Asia-Pacific region, with its rapid industrialization and urbanization, presents lucrative opportunities for market expansion. Countries like China, Japan, and South Korea are key players driving the demand for gas struts in this region​.

Regional Analysis

North America holds the majority of the gas strut market share in 2023, driven by the automotive sector's expansion and the growing acceptance of gas shocks. The US and Canada have seen an increase in manufacturers, leading to a growing demand for long-lasting characteristics. Europe's gas strut market, producing passenger automobiles, commercial vehicles, and specialty vehicles, is the second-largest. The UK and Germany maintain the largest market shares. The Asia-Pacific gas strut market is expected to grow rapidly between 2023 and 2033 due to urbanization, rising disposable incomes, and growing demand for passenger and commercial vehicles. India is the fastest-growing market, while China holds the largest market share.

List of Market Segmentation

By Type

o   Automotive Gas Struts and Spring Systems

o   Industrial Gas Struts and Spring Systems

By Application

o   Automotive

o   Aerospace

o   Marine

o   Medical

o   Furniture

o   Industrial

Competitive Landscape

ACE Controls Inc., Ameritool Manufacturing Inc., Gemini Gas Springs Inc., Bansbach Easylift GmbH, AVM INDUSTRIES, Camloc Motion Control Limited, Aritech Gas Spring, Dictator Technik GmbH, Barnes Group Ltd., ChangZhou LongXiang Gas Spring Co. Ltd., Other Key Players