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City of Industry, CA -- (SBWIRE) -- 06/21/2018 -- This report studies the global Gas Spring industry status, China market entry and growth opportunity, focuses on the Chinese local and International manufacturers, analyzes the China market competition landscape, market size (value and volume), opportunity and challenge, risk and entry barriers.
A gas spring is a type of spring that, unlike a typical mechanical spring that relies on elastic deformation, uses compressed gas contained within an enclosed cylinder sealed by a sliding piston to pneumatically store potential energy and withstand external force applied parallel to the direction of the piston shaft.
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Common applications include automobiles (where they are incorporated into the design of struts that support the weight of the hatchback tailgate while they are open) and office chairs. They are also used in furniture, medical and aerospace applications. Much larger gas springs are found in machines that are used in industrial manufacturing (the press tooling industry), where the forces they are required to exert often range from 2500N to 400,000N (forty tonnes).
In the coming years there is an increasing demand for Gas Spring in the regions of United States and Europe that is expected to drive the market for more advanced Gas Spring. Increasing of automotive fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Gas Spring will drive growth in United States and Europe markets.
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The global Gas Spring market is valued at 1800 million USD in 2017 and is expected to reach 2500 million USD by the end of 2025, growing at a CAGR of 4.2% between 2018 and 2025.
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