Vibration Control System Market, By Component, By System Type, By End-User, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2023-2030
Vibration Control System Market size was valued at USD 4,910.0 Million in 2022, expanding at a CAGR of 6.3% from 2023 to 2030.
Vibration control systems lessen friction and other disruptive elements by regulating vibrations in both moving and stationary machinery. These systems also protect against heat generation, wear and tear, energy loss, cracking and breaking, and other issues related to machine parts.
Vibration Control System Market- Market Dynamics
Increasing demand for automobiles and industrial machineries to propel market demand
The growing emphasis on mechanical balancing and stability in automobiles and industrial machinery is driving up demand for the product globally. Isolation systems called Vibration Control Systems (VCS) efficiently handle incoming vibrations. Over the course of the projected period, the rapidly expanding automotive and aviation industries are anticipated to propel market expansion. One major reason propelling the market expansion is the speed at which next-generation vibration control systems for aircraft are being developed to reduce vibration. Additionally, mounting and bushing anti-vibration devices lessen quivers in the automotive sector. These solutions extend the life of the componentry and improve vehicle efficiency.
Additionally, vibration monitoring systems are becoming more and more popular in the healthcare industry. Pharmaceutical companies are using them to lessen the effects of tremors and quivers on delicate equipment in healthcare and scientific institutions, like magnetic resonance imaging (MRIs) and DNA sequencing microarrays. However, during the next few years, it is projected that factors including stringent industry restrictions, expensive system prices, and problems with component reliability will impede market growth.
Vibration Control System Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.3% over the forecast period (2023-2030)
Based on Component segmentation, hardware segment was predicted to show maximum market share in the year 2022, owing to high demand for electronic components.
Based on System Type segmentation, vibration control segment was the leading segment in 2022, mainly due to increased demand vibrational system in oil & gas and automobiles.
Based on End-User segmentation, manufacturing segment was the leading segment in 2022, mainly due to increasing adoption of vibrational systems.
On the basis of region, Europe was the leading revenue generator in 2022, owing to developed industrialized sector across countries like Germany, France, U.K., etc.
Vibration Control System Market- Segmentation Analysis:
The Global Vibration Control System Market is segmented on the basis of Component, System Type, End-User, and Region.
The market is divided into three categories based on Component: hardware, software, and services. The hardware segment dominates the market. The high demand for electronics components like sensor, capacitors, control motors are boosting segment growth.
The market is divided into two categories based on System Type: vibration control, and motion control. The vibration control segment dominates the market and is likely to maintain its dominance during the forecast period. The high demand for vibrational control system owing to its better efficiency under difficult situation is boosting the market growth.
The market is divided into seven categories based on End-User: automotive, manufacturing, aerospace & defense, electrical & electronics, healthcare, oil & gas, and others. The manufacturing segment dominates the market and is likely to maintain its dominance during the forecast period. Increased demand for control systems in industrial machinery is boosting the market demand.
Vibration Control System Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Vibration Control System Market- Competitive Landscape:
The vibration control system market is less fragmented in nature. Companies are putting more and more effort into R&D initiatives to new product developments. Thus, manufacturers are investing in new product development to better meet consumer needs because of fierce competition. To remain competent in the industry, the corporations are also working to develop high-quality, high-value products at an optimal cost through comprehensive strategies, R&D activities and ongoing innovation.
Recent Developments:
In March 2022, ITT Inc. exhibited a broad range of highly developed shock isolation, vibration control, and energy absorption systems for military and defense applications.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL VIBRATION CONTROL SYSTEM MARKET KEY PLAYERS
ContiTech AG
ITT Inc.
Lord Corp.
Resistoflex
Hutchinson
Fabreeka
Sentek Dynamics Inc.
VICODA GmbH
Isolation Technology Inc.
Ultra Electronic Holdings
Continental AG
Cooper standard
Crystal Instruments
Trelleborg AB
Kinetics Noise Control, Inc.
Others
GLOBAL VIBRATION CONTROL SYSTEM MARKET, BY COMPONENT
Hardware
Software
Services
GLOBAL VIBRATION CONTROL SYSTEM MARKET, BY SYSTEM TYPE
Vibration Control
Motion Control
GLOBAL VIBRATION CONTROL SYSTEM MARKET, BY END-USER
Automotive
Manufacturing
Aerospace & defense
Electrical & electronics
Healthcare
Oil & gas
Others
GLOBAL VIBRATION CONTROL SYSTEM MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Vibration Control System Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Vibration Control System Market Snippet by Component
2.1.2. Vibration Control System Market Snippet by System Type
2.1.3. Vibration Control System Market Snippet by End-User
2.1.4. Vibration Control System Market Snippet by Country
2.1.5. Vibration Control System Market Snippet by Region
2.2. Competitive Insights
3. Vibration Control System Key Market Trends
3.1. Vibration Control System Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Vibration Control System Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Vibration Control System Market Opportunities
3.4. Vibration Control System Market Future Trends
4. Vibration Control System Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Vibration Control System Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Vibration Control System Market Landscape
6.1. Vibration Control System Market Share Analysis, 2022
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. Vibration Control System Market - By Component
7.1. Overview
7.1.1. Segment Share Analysis, By Component, 2022 & 2030 (%)
7.1.2. Hardware
7.1.3. Software
7.1.4. Services
8. Vibration Control System Market - By System Type
8.1. Overview
8.1.1. Segment Share Analysis, By System Type, 2022 & 2030 (%)
8.1.2. Vibration Control
8.1.3. Motion Control
9. Vibration Control System Market - By End-User
9.1. Overview
9.1.1. Segment Share Analysis, By End-User, 2022 & 2030 (%)
9.1.2. Automotive
9.1.3. Manufacturing
9.1.4. Aerospace & defence
9.1.5. Electrical & electronics
9.1.6. Healthcare
9.1.7. Oil & gas
9.1.8. Others
10. Vibration Control System Market- By Geography
10.1. Introduction
10.1.1. Segment Share Analysis, By Geography, 2022 & 2030 (%)
10.2. North America
10.2.1. Overview
10.2.2. Vibration Control System Key Manufacturers in North America
10.2.3. North America Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
10.2.4. North America Market Size and Forecast, By Component, 2018 - 2030 (US$ Million)
10.2.5. North America Market Size and Forecast, By System Type, 2018 - 2030 (US$ Million)
10.2.6. North America Market Size and Forecast, By End-User, 2018 - 2030 (US$ Million)