Vibration Control Systems Market: Key Players, Applications, Outlook, SWOT Analysis And Forecasts By 2031

 Demand for vibration control systems is likely to witness a revival in 2021, according to the latest edition of the study by ESOMAR-certified market research firm, Future Market Insights (FMI). The study also finds that a significant percentage of industry players are confident of growing investments in automation, a strategy stalled by COVID-19 outbreak. However, the pace of recovery is likely to be muted in 2021, with a robust recovery anticipated in 2022 onward.

As the key end-use industries such as mining & quarrying, food manufacturing, textiles, and others are subject to expend further, the vibration control system manufacturers are expected to witness significant demand in the future.

Key Takeaways

  • High demand for anti-vibration cylinders likely to be witnessed
  • Original Equipment Manufacturers (OEM) continue to be preferred by end-users
  • Rise in requirement from transportation industry to fuel sales of vibration control systems
  • Sales in US will be nearly 50% of global demand
  • China remains a strong market in APAC
  • Sales in Japan and South Korea expected to recover steadily

“With rise in requirement from end-users with fast-paced growth, vibration control system manufacturers are projected to witness significant opportunities. Surge in demand for vibration control system will propel the growth while this segment will hold nearly 30% of the market share,” says an FMI analyst.

Automotive Industry Outlook Key to Future SalesAs vibration control is of utmost importance in automotive industry, the steady growth in this industry is raising the demand for it further around the globe. According to the European Commission (EC), the automotive industry is crucial for Europe’s prosperity, representing 8.5% of European Union (EU) employment in manufacturing, while the turnover generated by the automotive industry in Europe represents over 7% of EU GDP.

According to the Select USA, the U.S. automotive industry is expanding steadily, while in 2018, the additional exports of automotive parts were valued at US$ 88.5 billion. As stated by the United States Auto Alliance, of the US$ 105 billion spent on R&D globally, almost a fifth (US$ 18 billion) was spent in the U.S. in 2018. As these rates are forecast to increase further, the players in the vibration control system industry are set to experience significant growth in the coming years.

Who is Winning in this Space?

The global vibration control system market remains fiercely competitive. To consolidate their position, the key players are emphasizing on diversifying their products. For instance,

  • Lord Corporation announced a new brand for its portfolio of electromechanical products: Lord Electromechanical Solutions in 2018
  • Cooper Standard launched its new range of vibration control system solutions applicable for diverse end-use industries, while it named to Newsweek’s America’s most responsible companies 2021 list

More Valuable Insights on Vibration Control System Market

In its latest report, Fact.MR offers unbiased analysis of the global vibration control system market, providing historical data for the period of 2016–2020 and forecast statistics for the period of 2021–2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of system (vibration controls (isolating pads, isolators (metal, rubber), couplings (spool, shear, bolt, bush), anti-vib cylinders (male, female)), motion controls (springs (air, coil), hangers, washers & bushes, mounts (hydraulic, pneumatic)), automation control (absorber (miniature, industrial, heavy industrial), dampers (hydraulic, pneumatic, damping pads))), end-users (mining & quarrying, oil & gas, utilities, transportation, food manufacturing, beverages & tobacco, textile mills, bi-products, chemical manufacturing, electrical equipment, machinery manufacturing), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

Access Full report: https://www.futuremarketinsights.com/reports/vibration-control-systems-market

 

Comments

Post a Comment

Popular posts from this blog

Drum Pump Market Competitive Growth Strategies Based on Type, Applications, End User and Region

 Industrialization is increasing in developed and developing country due to industrialization demand of the oil and lubricant is growing. Oil, lubricant and such kind of liquids are stored in tanks, drums, and barrels etc. Drum pump is kind of portable, small and lightweight solution for emptying the liquids from tanks, drums, and barrels etc. Drum pump is suitable for diesel oil, gasoline, engine oil, vegetable oil, milk, hydraulic oil, acid, alcohol and some other lubricative and corrosive liquid transfer. Get | Download Sample Copy with Graphs & List of Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-5312 Many industrial fluids being very heavy once they are filled into a drum and barrel. Forgetting the liquid outside the drum or barrel manufacturer use drum pump instead of trying to get the liquid by tipping. High demand of the drum pump is generated by the various industries and it is expected to grow during the forecast period. Drum pump is the best s
Read more

Industrial Relay Market Competitive Growth Strategies Based on Type, Applications, End User and Region

In order to protect the equipment from high voltages and fault currents relays are used to isolate the equipment from the system. Relay sense the input voltage if it reaches the peak voltage called threshold limit it controls the input voltage if the input voltage exceeds the peak voltage limit it will trigger a signal to circuit breaker. Circuit breaker is a device used to make or break the circuit from the live to protect the complete system from short circuits. Get | Download Sample Copy with Graphs & List of Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-5158 Industrial relays are essential to protect the equipment in the system. Several relays operate in industrial applications such as SSR solid state relay, Electro-mechanical relay, overload protection relay, latching relay and other relays. Solid state relay (SSR) switching is completely electronic base where as in electromechanical, operation completely based on opening and closing moving contacts
Read more

Platform Lifts Market: Notable Developments & Geographical Outlook

Market: Introduction Platform lifts are primarily designed to give reasonably priced access to people who have difficulty with a staircase. These platform lift are available in the market with different size and shape according to the application. Platform lifts are installed in low rise buildings where passenger lifts are not available. Each platform lifts has different advantage depending on the installed area and the functionality of the lift in the needed area. Platform lifts are used in both indoor and outdoor application in residential and commercial buildings. Segmentation of platform lifts is based on the installation platform such as vertical, inclined and portable platform; inclined platform lift has impeccable accessibility options in buildings with space constraints. Furthermore, vertical platform lift ensure safety and secure access in vertical direction, however portable platform lifts are simple and easy to use accessibility options. Platform lifts provide access to di
Read more