Customization of components to meet specific requirements of vibration control, seismic activities, shock absorption, soundproofing, and concrete floating is expected to fuel the global vibration control system market size
WILMINGTON, Del., Oct. 24, 2023 /PRNewswire/ -- Transparency Market Research Inc. - The global vibration control system market is projected to flourish at a CAGR of 3.5% from 2022 to 2031. As per the report published by TMR, a valuation of US$ 7.1 sbillion is anticipated for the market in 2031. As of 2023, the market for vibration control systems is expected to close at US$ 5.2 billion.
The expansion of industrial sectors such as manufacturing, construction, and automotive, which rely on heavy machinery, is expected to drive vibration control systems. These systems ensure that machinery operates efficiently and reliably, reducing wear and tear.
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Vibration Control System Market Report Scope:
Report Coverage | Details |
Forecast Period | 2023-2031 |
Base Year | 2020 |
Size in 2022 | US$ 5.2 Bn |
Forecast (Value) in 2031 | US$ 7.1 Bn |
Growth Rate (CAGR) | 3.5 % |
No. of Pages | 155 Pages |
Segments covered | Component Type, Category, Application, Distribution Channel |
The construction industry uses vibration control systems to protect buildings and structures from ground-borne vibrations caused by nearby construction activities, especially in urban areas. High demand for vibration control systems, which help prevent risks associated with industrial vibrations, seismic activities, noise, and thermal conductivity, is expected to boost the vibration control system market.
The aerospace and defense industries use vibration control systems to protect sensitive equipment and ensure the smooth operation of aircraft, satellites, and military hardware. In the energy sector, vibration control systems are used in power plants, wind turbines, and other energy infrastructure to reduce vibrations and extend the life of equipment.
Key Takeaways from the Market Study
- As of 2022, the vibration control system market was valued at US$ 5.2 billion
- Based on component type, the sheets & pads segment is anticipated to dominate the global vibration control system market in terms of value during the forecast period.
Vibration Control System Market: Key Trends and Opportunistic Frontiers
- Vibration control systems are essential in the automotive industry to ensure the comfort of passengers and reduce wear on vehicle components.
- Ongoing technological advancements have led to the development of more advanced and precise vibration control systems. These systems can offer real-time monitoring and adjust settings automatically.
- In the consumer electronics market, the need for vibration control systems in devices like smartphones and cameras has grown significantly to improve the performance of sensors and optical components.
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Vibration Control System Market - Regional Analysis
- During the forecast period, Asia Pacific is estimated to dominate the vibration control system industry. Based on sales, China and India hold a major share in revenue in Asia Pacific.
- The surge in demand for vibration control systems in different application areas is projected to augment market progress in the Asia Pacific in the near future. Rapid urbanization, infrastructure projects, and increased automotive production are contributing to market growth in this region.
- The vibration control systems industry in North America is expected to expand steadily due to the presence of many end-use industries in these regions.
- The United States, in particular, has a strong market due to its industrial and technological advancements. The adoption of vibration control systems is influenced by stringent environmental regulations and the need to ensure the safety and performance of machinery.
Competitive Landscape
The vibration control system market research report covers detailed profiles of vendors to evaluate their financials, key product offerings, recent developments, and strategies.
Expansion of product portfolios, acquisitions, collaborations, and mergers and acquisitions are the key strategies adopted by companies to ensure vibration control system market growth.
- Gerb Vibration Control Systems Inc.
- Hush City Soundproofing Inc.
- Hutchinson
- Kinetics Noise Control, Inc.
- NSV
- Parker Hannifin Corp
- Resistoflex
- Technical Manufacturing Corporation (TMC)
- VibraSystems Inc.
- Vibration Eliminator Co., Inc.
Key Developments in the Vibration Control System Market
- Parker Hannifin is a global leader in motion and control technologies. They provide vibration control solutions for various industrial applications. Recent developments include the use of advanced materials and technologies to improve the performance of vibration control products.
- Lord Corporation is known for its expertise in vibration control solutions. They have developed advanced systems that provide superior protection for equipment in various industries, including aerospace, defense, and industrial. Their recent developments include the development of active and semi-active vibration control systems for improved equipment and structure protection.
Vibration Control System Market - Key Segments
Component Type
- Spring Mounts
- Rubber Mounts, Sandwich Mounts, and Foot Mounts
- Rope and Hangers & Anchors
- Flanged Mounts
- Rings and Washers & Bushes
- Sheets & Pads
- Leveling Mounts
- Others (Instrument Mount, Metal Base, etc.)
Category
- Active Systems
- Passive Systems
- Hybrid Systems
Application
- Aerospace & Defense
- Oil & Gas
- Mining & Quarrying
- Automotive & Transportation
- Construction
- Industrial Equipment
- Others
Distribution Channel
- Direct
- Indirect
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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