Vibrations in any stationary or moving
body can cause frictional disturbances leading to wear and tear,
energy loss, cracks and even breakages. Thus, vibration control
systems are paramount and Future Market Insights has prepared a
comprehensive report on the global vibration controls systems market
titled ‘Vibration
Control Systems Market: Global Industry Analysis (2012-2016) and
Opportunity Assessment (2017-2027)’. Our expert analysis indicates
that the vibration control systems market is on track to grow at a
CAGR of 3.9% from 2017 to 2027 and be worth over US$ 1,950 Mn in
2017, making it an extremely lucrative market for key stakeholders.
The mining and quarrying segment is
projected to account for 12.4% market share in the global vibration
control systems market in 2017 and it is anticipated to remain the
largest end use segment at the end of the forecast period in 2027.
The Transportation segment is a close second and is expected to rise
to almost US$ 331 Mn by end 2027.
The OEM sales type channel is expected to
hold a market share of about 60% by the end of 2027 and is unlikely
to cede this position anytime soon to the aftermarket channel in the
vibration control systems market. With a CAGR of 4.2% from 2017-2027,
the OEM channel is on track to grow to more than US$ 1,700 Mn by the
end of the forecast period. The aftermarket sales channel is
considerably smaller but should still cross US$ 1,100 Mn by end 2027.
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Automation control represents more than
2/5th market share in the global vibration control systems market
even though it is projected to lose 110 BPS over the course of the
decade-long study. The automation control segment is estimated to
cross US$ 1,100 Mn by end 2027 and prominent players are advised to
focus their attention on this dynamic segment in the vibration
control systems market.
North America is expected to contribute
around 28% revenue share to the global vibration control systems
market in 2017 and is followed in second place by APEJ at about 22%
value share. The North America vibration control systems market will
reach a market valuation in excess of US$ 800 Mn by the end of 2027
followed by APEJ at about US$ 666 Mn.
North America is renowned globally for
its expertise in avionics engineering, space exploration, and
automobile production. This is largely due to strong R&D and
massive funding from both public and private enterprises.
Organisations such as NASA have been working to develop vibration
control systems designed for spacecraft that minimise vibrations and
increase safety. The North America automotive sector is equally
dynamic as companies seek to produce efficient, comfortable, and safe
products. Companies such as Daimler, Ford, and GM are already working
on design innovations to reduce weight and maximise anti-vibration
system efficiency. This region typically adopts newer technologies
much faster than other continents because of a strong focus on R&D.
Vibration Control Systems Market @
The report profiles some of the top
companies operating in the global vibration control systems market
including HUTCHINSON, DynaTronic Corporation Ltd., Cooper Standard,
GERB, Technical Manufacturing Corporation, LORD Corporation,
Trelleborg AB, Farrat Ltd, Bridgestone Corporation, FUKOKU CO., LTD.,
VICODA GmbH, MÜPRO Services GmbH, Kinetics Noise Control, Inc.,
Dynamic Solutions Systems, Inc., Isolation Technology Inc., ACTOM PTY
LTD, Fabreeka, VSL International Ltd., Resistoflex (P) Ltd., and
Guangzhou YiTaoQianChao Vibration Control Technology Co Ltd.
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