Automotive Gas Spring Market - Global Industry Analysis 2015 - 2019 and Opportunity Assessment; 2020 - 2030

Automotive Gas Spring  Market
  • Report code : PMRREP32112 |
  • Industry : Automotive |
  • To Be Published : Jan-2021 |
  • Status : Work in progress |
  • Format : Automotive Gas Spring  Market Automotive Gas Spring  Market Automotive Gas Spring  Market Automotive Gas Spring  Market

Automotive Gas Spring Market: Introduction

The automotive gas spring supports four-wheeler vehicles in the opening and closing of automotive engine compartment hoods and rear gates using gas reaction force. It helps in smooth opening and closing of doors, bonnet, and sunshade reducing the abrasion and vibration. Automotive gas spring finds application in car bonnet, trunk, rear hatch door, and sunshade.

The emerging trend of autonomous and electric vehicles in the automotive sector has opened new growth avenues for automotive gas spring products. Shifting consumer focus towards new growth opportunities led by rise in young population and middle-income group people are factors augmenting the growth of the automotive industry. Besides, an increase in credit availability and economic growth have resulted in strong product demand.

Automotive gas spring is growing as an essential energy storage equipment in the automotive industry owing to its easy movement and lubrication. Further, growth in the automotive industry attributed to the rise in sales of lightweight vehicles is anticipated to surge automotive gas spring demand.

Automotive Gas Spring Market: Dynamics

Increasing preferences for shared mobility among younger and tech-savvy population is projected to increase the penetration of autonomous vehicles. The urban areas are anticipated to witness the widespread propagation of electric and shared vehicles. Such trends exhibit that global demand for automotive gas spring will increase during the forecast period.

The industrial revolution has surged the commercial operation in logistic services which has strongly influenced the sales of heavy commercial vehicles.  The manufacturing sector is expected to expand in the coming years owing to the positive economic outlook which is likely to accelerate the sales of commercial vehicles, thus the automotive gas spring market.

Rising infrastructure and construction activities across the globe have increased the demand for materials transportation. Also, e-commerce penetration and flourishing travel industry have triggered the demand for light and heavy commercial vehicles which is positively driving the demand for automotive gas spring.

Stringent government regulation on vehicle emission has opened new growth opportunities for electric vehicle manufactures. Further, rising awareness among consumers regarding health ailments from the environment population caused by vehicle emission will propel the automotive gas spring application in electric vehicles.

Automotive Gas Spring Market: Segmentation

The global automotive gas spring is segmented based on type, vehicle, and sales channels. Automotive gas spring can corrode or crack over time hence it should be replaced after five years to maintain the efficiency of the vehicles, based on which market is segmented by the sales channel as OEM and aftermarket.

On the basis of Type, the global Automotive Gas Spring market can be segmented as:

  • Lock
  • Non-lock

On the basis of Vehicle Type, the global Automotive Gas Spring market can be segmented as:

  • Passenger Cars
    • Compact Cars
    • Mid-Sized Cars
    • SUVs
    • Luxury Cars
  • Commercial Vehicles
    • Light Commercial Vehicle
    • Heavy Commercial vehicle

On the basis of Sales Channel, the global Automotive Gas Spring market can be segmented as:

  • OEM
  • Aftermarket

Automotive Gas Spring Market: Regional Overview

North America is anticipated to witness a high demand for automotive gas spring products from the used car industry.  The trends of purchasing a refurbished car in the US has increased phenomenally due to budgetary constrain among consumers who have switched the product demand from OEM to aftermarket segment. Europe is anticipated to witness around 55% of the new car from the electric vehicle segment.  China is projected to be the leading market for the automotive industry, electric vehicle and luxury car sales are contributing to market growth. The Middle East and Africa are anticipated to witness healthy growth in commercial vehicle sales due to the high demand for transportation services in the construction and retail industry.

Automotive Gas Spring Market Participants

Some of the market participants identified in the global Automotive Gas Spring market include:

  • AVM Industries LLC
  • Stabilus
  • Wan Der Ful Co
  • Suspa
  • Shanghai BOXI Auto Parts Co., Ltd
  • HAHN Gasfedern
  • Bansbach
  • Changzhou Global Gas Spring Co.,Ltd
  • Vapsint
  • Lesjofors Automotive
  • Zhuhai Oudun Auto Parts Co
  • Shanghai Zhenfei Automobile Parts Co

The research report presents a comprehensive assessment of the Automotive Gas Spring market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The report also contains projections using a suitable set of assumptions and methodologies.

The global Automotive Gas Spring market report covers exhaust analysis on:

  • Automotive Gas Spring market – Segments
  • Market dynamics
  • Automotive Gas Spring market size
  • Current trends/issues/challenges in the market
  • Competition & companies involved in Automotive Gas Spring market
  • Automotive Gas Spring market – Value chain

Regional Automotive Gas Spring market analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, Italy, France, U.K., Spain, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Philippines)
  • Oceania (Australia and New Zealand)
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The Automotive Gas Spring market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with the market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Automotive Gas Spring market report highlights:

  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected Automotive Gas Spring market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on Automotive Gas Spring market performance
  • Must-have information for Automotive Gas Spring market players to sustain and enhance their market footprint

Automotive Gas Spring Market

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