The nitrogen gas springs market is projected to reach a value of over US$ 10.5 Bn in 2026 at a CAGR of 5.8% over the forecast period. The first five-year cumulative revenue for global market (2017-2021) is projected to be approximately US$ 35.5 Bn, which is expected to increase significantly over the latter part of the five-year forecast period.

Global Nitrogen Gas Springs Market: Segmental Snapshot

By Type: The super compact segment accounted for highest revenue share contribution as compared to other type segment, and is expected to register a CAGR of over 6% between 2017 and 2026, owing to rising demand for the product, due to the fact that the super compact gas spring combines the convenience of a self-contained gas spring with the increased on-contact force and shorter body height of a bore seal cylinder.

By Application: The automotive segment is projected to account for highest revenue share as compared to that of other application segments, and register a CAGR of over 5% over the forecast period, owing to wide and growing application of nitrogen gas springs in the automotive industry.

By Region/Country: The market in US accounted for highest revenue share in the global nitrogen gas springs market in 2016, and is expected to register a CAGR of over 5 % between 2017 and 2026, owing to presence of major players in the market in the country, and growing applications for nitrogen gas springs.

The research report on the global nitrogen gas springs market includes profiles of some of major companies such as MISUMI Group, Inc., Barnes Group Inc. (Hyson & Kaller), DADCO, Inc., Fibro Gmbh., Mollificio Bordignon srl, Pascal Corporation, Xinda Precision Machinery Manufacturing Co., Ltd., Quiri Hydromecanique, and AZOL-GAS.

Source of Infographics: Nitrogen Gas Springs Market Infographics By MarketResearch