PUBLISHER: Polaris Market Research | PRODUCT CODE: 1388101
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1388101
The global vibration control systems market size is expected to reach USD 11.98 billion by 2032, according to a new study by Polaris market research. The report "Vibration Control Systems Market Share, Size, Trends, Industry Analysis Report, By System Type (Motion Control, Vibration Control), By Application (Automotive, Manufacturing, Oil & Gas), By Region, And Segment Forecasts, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Market is driven by the increasing adoption of these systems in healthcare applications. VCS is proving to be instrumental in mitigating the detrimental effects of vibration on sensitive healthcare equipment, such as DNA sequencing microarrays and Magnetic Resonance Imaging (MRIs). The implementation of VCS in healthcare settings ensures the accurate and reliable functioning of these critical instruments. Moreover, the aerospace & defense industry is also witnessing extensive utilization of such systems. These systems play a crucial role in reducing vibrations that could potentially cause damage to essential components like aircraft windshields, windowpanes, doors, and shipments. By implementing VCS, the aerospace & defense sector ensures enhanced safety & operational efficiency, driving the market forward.
Demand for motion control systems is on the rise in power plants as they effectively isolate the adverse effects of vibration and shock, making these systems increasingly sought after in the power generation industry. In the electronics & electrical industry, especially in the realm of industrial goods, there is a notable shift towards greater adoption of vibration control methods. Vibration control systems (VCS) are extensively employed in this sector to isolate vibrations in electronic instruments and measuring equipment, ensuring their precise and reliable functioning.
China offers access to low-cost capital, enabling manufacturers to secure funding for their operations and investments at relatively affordable rates. This access to capital facilitates business expansion, research and development, and the production of advanced vibration control systems. Additionally, the availability of inexpensive materials further reduces production costs, making China an attractive location for manufacturers looking to streamline their operations and offer cost-effective solutions to customers. Country boasts a vast pool of skilled and cost-effective labor, enabling manufacturers to efficiently produce and assemble vibration control systems at competitive costs.
Vibration control accounted for the largest market share, owing to surge in adoption in varied industries such as healthcare, defense, and oil & exploration industries.
Manufacturing segment held the fastest market share, owing to rapid growth manufacturing, & industrial machinery.
In 2022, North America dominated the largest vibration control systems market share, primarily due to the presence of automobile manufacturers across the region
APAC will grow at fastest rate, due to surge in investments in government funded capital intensive manufacturing industries.
The global key market players include: ContiTech, Lord Corp., Resistoflex, Hutchinson, Fabreeka, Sentek Dynamics, VICODA, Isolation Technology, Trelleborg, and Kinetics Noise Control.
Polaris market research has segmented the vibration control systems market report based on system type, application, and region: