Vibration Control Systems Market to Undertake Strapping Growth During 2027

Posted by Pradnya Kulkarni on November 1st, 2017

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.

OEM Channel Much Larger than Aftermarket in the Global Vibration Control Systems Market

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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North America the Largest Region 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.

Key Takeaways

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.

Competitive Landscape

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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