About the Report
As the automotive industry has grown significantly over the past years, the demand for various type of vibration control systems such as automation control, motion control, vibration control, and others has increased substantially. With vibration control system manufacturers bringing in a flurry of products, Future Market Insights (FMI) expects outlook to be bullish during the period 2021-2031
Historical & Future Outlook of Vibration Control System Market
With the rise in demand from the industries with fast-paced growth such as oil & gas, utilities, transportation, and others, the requirement for vibration control system has grown over the past decade. While development of broad categories of products such as isolating pads, absorbers, and dampers, manufacturers has catered to the market growth, the macro-economic factors such as rise in per capita expenditure on utility, increase in governmental expenditure on key end-use industries, and others have further fueled sales.
According to FMI, the global vibration control system market has expanded at nearly 3% growth since 2015.
While the surge in demand for various vibration control system such as isolators, hangers, and mounts is enabling manufacturers to diversify their products, the promising growth of key end-use industries is further aiding to the rise in revenue of manufacturers.
How Transport Sector is Driving Demand for Vibration Control Equipment?
Controlling vibration in various auto-parts plays a very crucial role in transportation industry and hence the demand from this sector is growing high with its steady expansion.
According to the report titled “Transport in the European Union” published by the European Commission (EC), recently EUR 15 billion have been proposed for mobility, energy, and climate in the ‘Horizon Europe Programme Post-2020’. As stated in the report, the Europe transport industry includes a complex network of around 1.2 million public and private companies, and this number is growing fast.
According to the report titled “Logistics and Transportation Spotlight” by Select USA, the logistics and transportation industry in the United States is highly competitive, while the U.S business logistics costs reached US$ 1.6 trillion in 2018. As per the report, the foreign direct investment in this industry totaled US$ 1.5 billion in 2018.
The Impact of Growing Automation on Vibration Control System Sales
Owing to higher production rates, increased productivity, improved safety & product quality, and other factors, the adoption of automation control is growing at a brisk pace.
According to the report published by the EU Automation, number of automation control parts has reached to 1.130,407 sold to 41,271 customers in 159 countries till date (16th February, 2021). The statistics depict the rise in demand for various automation control systems across the globe.
What are the Key Challenges for Vibration Control System Industry?
?While the rise in demand from key end-use industries is getting prominent gradually, high cost of installation, maintenance and replacement is something manufacturers are focusing on to improve. Also, lack of enough knowledge and expertise often come in the way of its wider adoption.
However, the high demand from the exponentially growing industries such as oil & gas, utilities, mining & quarrying, and continuous effort by key players to launch new cost-effective variety of products outpace these few restraining factors.
Country-Wise Analysis
Outlook on US Vibration Control System Market
The United States is currently the largest vibration control system market. The significant growth of transportation, and oil & gas, and utilities industries is boosting the growth of suppliers in the U.S.
*Image for representation purposes only – actual data available in the report
According to the report published by the U.S. Bureau of Labor Statistics (BLS), trade, transportation, and utilities sector in the U.S. is gaining momentum and subject to excel further in the near future. As per the report, the number of production & non-supervisory employees in these sectors was 22,684 on October, 2020 and grew to 22,931 on January, 2021.
China Vibration Control System Market to Remain Lucrative
China has emerged as the most lucrative market for vibration control system in Asia Pacific, and is set to exhibit hegemony in this region throughout the forecast period.
The rise in demand from oil & gas, textiles, transportation, and others are projected to cater to the growth of vibration control manufactures in China in the coming years. According to the report published by the China Country Commercial guide by the Privacy Shield Framework, in 2018, China had record oil & gas imports and remains the number one crude oil importer in the world after surpassing the United States in 2017, while crude oil imports rose 10.1% in 2018.
The statistics gives a glimpse of the growing opportunities for vibration control system manufacturers in China.
Why Germany has High Potential for Stakeholders in the Vibration Control System Manufacturers?
Germany being a key region is in the limelight for vibration control system suppliers. Backed by the highly advanced transportation, utilities, mining, and other industries, Germany market is set to expand further for key players.
According to The German Mineral Resources agency (DERA), they have taken initiative to contribute to a secure, affordable, and sustainable mineral raw material supply for Germany. This in turn with pave new paths for players in vibration control system industry.
Vibration Control System Sales in Russia to Grow Steadily
Russia being the key market for vibration control system in Eastern Europe, is attracting potential players and investors since the past decade. High requirement for various vibration control systems and equipment such as coupling bolts, air springs, isolators, and others is bolstering the growth in Russia.
The increase in demand from transportation, mining & quarrying, and other industries is fuelling the sales of vibration control systems in Russia. As stated by the Government of Russia, the Russian Government is pursuing a 6.3 trillion rubles (US$ 100.47 billion), six-year modernization plan to revamp the country’s transportation infrastructure through 2024. Definitely this will work in favor of manufacturers in Russia.
Category-Wise Insights
Why Automation Control is a Key Focus Area?
Presently, automation control segment is the leading vibration control system and is expected to remain in the position during the forecast period. This type of vibration control system has various advantages such as-
- More efficient use of materials
- Better product quality
- Improved safety
- Shorter workweeks for labor
As a result, automation control system is gaining fast traction in diverse end-use industries starting from utilities to chemical manufacturing.
Other key segments in terms of system are vibration control system and motion control system.
OEM or Aftermarket – Which is the Lucrative Sales Channel?
Presently, O.E.M (Original Equipment Manufacturer) sales type is dominating in the market followed by aftermarket. As vibration control system requires safety and reliability features for its extensive usage in broad end-use industries, original equipment manufacturers are more suitable to purchase from. As a result, this segment is increasing the sales of manufacturers substantially around the world.
Competitive Landscape
The global vibration control system is fragmented - some of the key players operating in the global vibration control system market are-
- HUTCHINSON
- DynaTronic Corporation Ltd.
- Cooper Standard
- GERB
- Technical Manufacturing Corporation
- LORD Corporation
- Trelleborg AB
- Farat Ltd
- Bridgestone Corporation
- FUKOKU CO., LTD
- VICODA GmbH
- MUPRO Services GmbH
- Kinetics Noise Control, Inc.
- Dynamic Solutions Systems, Inc.
- Isolation Technology Inc.
- ACTOM PTY LTD
- Fabreeka
- VSL International Ltd.
- Resistoflex (P) Ltd.
- Guangzhou YiTaoQianChao Vibration Control Technology Co Ltd
Market players are focusing on new product launches and innovation to consolidate their position.
LORD Corporation launched its new extensive range of products such as Vibration Isolators, Industrial HCL Elastomeric Bearings, Micro-Mounts, and others during the last five years from 2016 to 2020
- Fabreeka launched its new diverse range of products such as Fabreeka® Performed Fabric Pad, FAB-EFP® Machine Foundation Isolation, and others a couple of years back
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report
Report Scope
| Attribute | Details |
| Forecast Period | 2021-2031 |
| Historical Data Available for | 2016-2020 |
| Market Analysis | USD Million for Value and Volume in Units |
| Key Regions Covered | North America, Latin America, Europe, South Asia, East Asia, Middle East & Africa, and Oceania |
| Key Countries Covered | US, Canada, Germany, U.K., France, Italy, Spain, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa |
| Key Segments Covered | System, Sales Type, End Users, and Region |
| Key Companies Profiled |
|
| Report Coverage | Market Forecasts, Brand Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing |
Key Questions Answered in Report
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Which are the leading vibration control system manufacturers?
Some of the top companies competing in the global vibration control system landscape are Fabreeka, VSL International Ltd., Kinetic Noise Control, Inc., and VICODA GmbH.
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Which are some of the lucrative markets for vibration control system?
The United States, Germany, China, the United Kingdom, Japan, Russia, France, and a few others are lucrative markets for vibration control system.
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Which is a highly sought-after system for vibration control system?
Presently, automation vibration control system is the mostly sought-after in terms of system, and is expected to keep leading over the forecast period from 2021 to 2031.
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Which are some key end-users of vibration control system?
Presently, some key industries demanding vibration control system are transportation, oil & gas, and utilities.
Enquiry before Buying
Is this research conducted by FMI?
Yes, the research has been conducted by expert analysts of FMI, through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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FMI follows a methodology that encompasses demand-side assessment of the market, and triangulates the same through supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions. Request a detailed methodology.
Who are the respondents for primary research?
FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
What are the sources of secondary research?
FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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Vibration Control System Market Segmentation by Category
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 & Brushes
- 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
- Bev. & Tobacco
- Textile Mills
- Bi-Products
- Chemical mfg.
- Electrical Equip.
- Machinery Mafg.
Sales Type
- O.E.M
- Aftermarket
Region
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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