An Incisive, In-depth Analysis on the Industrial Noise Control Market
This study offers a comprehensive, 360 degree analysis on the Industrial Noise Control market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Industrial Noise Control market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
The report covers comprehensive information about the industrial noise control market dynamics, volume (‘000 Units) and value (US$ Mn) projections, recent developments and competition landscape for the study period 2018 to 2028.
The global industrial noise control market is expected to reach a market value of US$ 7,309.0 Mn by the end of the forecast period, witnessing a value CAGR of 4.4% against the backdrop of expanding manufacturing capabilities and automotive production. According to FMI analysis, in terms of volume, the global industrial noise control market is estimated to reach 152 Mn units by 2018 end and register a CAGR of 3.8% during the forecast period.
Growing Manufacturing Output in Countries of East Asia to Bolster Market Growth
Several governments have taken steps to shift their dependency from oil trade to other prospects, such as tourism, healthcare, construction and others. Also, senates have been seen relaxing regulations to promote investments and make the environment suitable for industrial noise control business.
Emerging markets concentrate on mass manufacturing (particularly electronics manufacturing, textile manufacturing etc.) and competing on the basis of price. Thus, the growing manufacturing output in various countries of East Asia is expected to bolster the industrial noise control market outlook.
Extensive Use of Industrial Noise Control Solutions in Manufacturing Facilitiesto Drive Market Growth
Maintaining suitable noise levels in a manufacturing or industrial environment is often a challenge. Among industrial noise control solutions, modular enclosures are ideal solutions in manufacturing facilities and factories to house hydraulic machines, compressors, generators, printing presses, blowers, fans, vibrating machinery, routers, grinders, presses and other loud machinery.
On the basis of end use type, the global industrial noise control market has been segmented into manufacturing, construction & mining and healthcare. The extensive use of industrial noise control solutions in manufacturing facilities is the key factor contributing to the growth of the manufacturing segment. The industrial noise control market is competitive with manufacturers and suppliers offering customized solutions to cater to the unmet demand.
On the basis of application, the global industrial noise control market has been segmented into internal and external noise control. The internal industrial noise control segment is expected to represent significant growth opportunities between 2018 and 2028 while the external industrial noise control segment is anticipated to expand at a significant CAGR, in terms of value, over the forecast period.
East Asia to Remain a Prominent Market Throughout The Forecast Period
On the basis of region, the global industrial noise control market has been segmented into North America, Latin America, Europe, East Asia, South Asia, Middle East & Africa, and Oceania. The East Asia industrial noise control market accounted for a value share of 32.9% in 2017 and is projected to remain prominent in the global industrial noise control market during the forecast period. Sales of industrial noise control products and solutions in China and India are expected grow modestly between 2018 and 2028.
Vibration Isolation Products to Account for More than an 80% Volume Share
Automation is being used in the industrial machinery industry to control machine movement during the metal working process. For instance, the growing use of CNC (computer numeric control) machines has reduced human interaction and removed the need for manual work to make complicated calculations required to produce structure and shapes with accuracy and high complexity. However, such advanced machinery requires vibration pads and machine leveling to isolate vibration and ensure effective working; subsequently developing prolific opportunities in the industrial noise control market.
Industrial Noise Control Market – Competitive Landscape
According to FMI analysis, the industrial noise control market is found out to be a fragmented one. A handful of large market participants held meager market shares in 2017. In the global industrial noise control market, the top 15 players collectively account for 40% - 45% of the global market.
In the recent past, the industrial noise control market has witnessed significant developments from a competition perspective. Among various organic and inorganic growth strategies, acquisitions of regional companies operating in the industrial noise control market and expansion of manufacturing facilities in prominent regions, such as in China, are some of the key cited strategies opted by key players to sustain in the global industrial noise control market.
Saint-Gobain Ecophon AB, Gerriets GmbH, Iac Acoustics, Total Vibration Solutions Ltd., Pittsburgh Corning Europe n.v., Lindner GmbH, WILLBRANDT KG, Rite-Hite GmbH, Kutzner + Weber GmbH and Acoustafoam are some of the key players involved in the global industrial noise control market.
Key Questions Answered in the Report
How has the industrial noise control market evolved in the past five years?
What shape will the industrial noise control market take, in terms of volume and value, during the study period?
What are some of the prevailing market dynamics in the industrial noise control market?
What are some of the important competition developments and trends in the industrial noise control market?
What are underlying macro-economic and industry factors impacting the growth of the industrial noise control market?
Which are the key challenges, opportunities and improvement factors for the market players in the industrial noise control market?
What are the market positioning and key strategies of key manufacturers as per the market taxonomy?
How is the competition structured in the industrial noise control market at present and how has it evolved over the past few years?
This FMI study offers a ten-year analysis and forecast for the global Industrial Noise Control market for the period between 2018 and 2028. This study on the Industrial Noise Control market considers 2017 as the base year with market values estimated for 2018 and forecast developed for the duration 2018 to 2028. The Compound Average Growth Rate (CAGR), in terms of both value and volume, has been represented from 2018 to 2028.
The Industrial Noise Control market study covers various perspectives of the market, including market dynamics, value chain, pricing analysis, competition analysis, regional and segmental growth comparison and macro-economic and industry growth analysis, along with segment-level projections in a comprehensive manner. As per the findings of the Industrial Noise Control market study and perspectives of industry participants, the global Industrial Noise Control market is projected to grow at a CAGR of 4.4% between 2018 and 2028, in terms of value. Recovery of manufacturing value added in European countries, predominantly in Spain, Poland and few emerging countries are observing significant capital investments across the industrial noise control market. Also, prominent ASEAN economies along with small economies such as Cambodia, Laos, and Myanmar likely continued to expand solidly, as a consequence of strong export growth and FDI inflows are expected to reinforce the outlook for the global Industrial Noise Control market.
The Future Market Insights report on Industrial Noise Control carefully analyses the market at a global and regional level through market segmentation on the basis of key parameters, such as material type, application, product type, and end use. The primary objective of the report is to offer key insights on market updates, competition positioning, current trends, market potential, growth rates and other relevant information and statistics in a suitable manner to the readers or various stakeholders of the market.
Each section of the report is structured to facilitate the reader to develop a thorough understanding of the dynamics and behaviour of the market. It begins with market definitions, followed by the market background, market dynamics and market analysis by key segments, regional analysis and competition landscape. Each section covers a qualitative and quantitative assessment of the market on the basis of facts, historical developments and key opinions collected from industry participants through dedicated interviews with key stakeholders in the market.
Industrial Noise Control Market: Segmentation
The Industrial Noise Control market report starts with a market introduction, market taxonomy and product definitions regarding the global Industrial Noise Control market assessment. In the next section, the report describes the market development background, covering macro-economic factors, industry factors, forecast factors, global weighted average pricing analysis, value chain overview covering approximate margins and an assessment of the production of Industrial Noise Control for the base year considered for the study. Additionally, import and export data for the Industrial Noise Control market from 2013 to 2017 has also been presented in the report.
The next section of the report discusses market dynamics, such as drivers (demand and supply side), restraints and trends, impacting the Industrial Noise Control market growth at a global level. Market opportunities or potential for manufacturers have been presented in the subsequent section of the same chapter. This section also includes the impact assessment of market dynamics on the global Industrial Noise Control market at a qualitative level based on analysis facts and insights.
In the following sections of the report, market value (US$ Mn) and volume (‘000 Units) projections for the Industrial Noise Control market on the basis of the aforementioned segments at a global level have been discussed. Industrial Noise Control market information, along with key facts and insights, covers unique analysis frameworks, such as absolute $ opportunity analysis and attractiveness analysis, for each of the segments. The global Industrial Noise Control market values represented in these sections have been agglomerated by collecting data and information at a regional level.
The next section of the report presents a summarised view of the global Industrial Noise Control market based on nine prominent regions with market numbers represented for key countries considered in the study. The section includes the regional market position, growth potential, trends and market attractiveness analysis for each of these regions. The market analysis sections cover regional trends and market projections for each segment, including Y-o-Y growth trends, market share analysis, market attractiveness and incremental $ opportunity assessment. These sections analyse the degree to which the global drivers are influencing the market in each region.
Aforementioned sections gauge the contemporary market scenario and growth prospects in the global Industrial Noise Control market while the forecast presented in the sections assesses the market size in terms of volume and value.
To offer an accurate forecast, we started by sizing the current Industrial Noise Control market, which forms the basis of how the global Industrial Noise Control market is expected to shape in the future. Given the characteristics of the Industrial Noise Control market, we triangulated the outcome of three different types of analysis, based on primary research, secondary research and FMI analysis. However, forecasting the market in terms of various segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the completion of the forecasting exercise.
In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecast in terms of CAGR but also analyse the Industrial Noise Control market on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the Industrial Noise Control market and identify the right opportunities available for value chain participants.
As previously discussed, the Industrial Noise Control market has been split into two segments. These segments viz. by application and source type have been analysed on the basis of Basis Point Share (BPS) to understand each individual segment’s relative contribution to the Industrial Noise Control market growth. This detailed level of information is important for the identification of various key trends witnessed in the Industrial Noise Control market.
Another crucial feature included in the FMI’s comprehensive report is the analysis of all the key segments in the Industrial Noise Control market and the regional adoption, along with the revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market; however, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve in the Industrial Noise Control market.
In order to understand the key Industrial Noise Control market segments in terms of the growth and consumption of Industrial Noise Control across concerned regions, Future Market Insights has developed an attractiveness index, which will help providers identify real market opportunities in the Industrial Noise Control market.
In the final section of the report, a competitive landscape of the Industrial Noise Control market has been included to provide report audiences with a dashboard view categorised on the basis of providers present in the value chain, their presence in the Industrial Noise Control market and key differentiating factors and strategies. The primary category of providers covered in the report include the manufacturers and end-users of Industrial Noise Control. In addition to this, the section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the Industrial Noise Control market.
Detailed profiles of providers have also been included under the scope of the Industrial Noise Control market report to evaluate their long- and short-term strategies, key offerings and recent developments in the Industrial Noise Control market. Examples of some of the key competitors covered in the report include Saint-Gobain Ecophon AB, Gerriets GmbH, Iac Acoustics, Total Vibration Solutions Ltd., Pittsburgh Corning Europe n.v., Lindner GmbH, WILLBRANDT KG, Rite-Hite GmbH, Kutzner + Weber GmbH, Acoustafoam etc. and among others.