Vibration Control Systems - Global Market Outlook (2017-2023)
According Stratistics MRC, the Global Vibration Control Systems Market is accounted for $1.84 billion in 2016 and is expected treach $2.64 billion by 2023 growing at a CAGR of 5.2% during the forecast period. Factors such as enhanced aircraft performance, increasing demand for high-rise buildings in vibration control systems for fundamental safety, and advanced automobile durability are favoring the market growth. However, strict industry regulations and low-cost alternatives are hampering the market.
By end-user, mining and quarrying segment is anticipated tremain as largest end user segment. Moreover, transportation segment is expected trise significantly during the forecast period. Based on product, automation control segment commanded the largest market share. Depending on geography, North America commanded the largest market share and Asia Pacific is projected tgrow at a highest CAGR.
Some of the key players in this market include Guangzhou YiTaoQianChaVibration Control Technology CLtd, VSL International Ltd., ACTOM (Pty) Ltd, Dynamic Solutions Systems, Inc., MuprServices GmbH, Fukoku Co., Ltd., Farrat Ltd, Lord Corporation, Gerb Vibration Control Systems Pvt. Ltd., DynaTronic Corporation Ltd., Resistoflex (P) Ltd., Fabreeka, Isolation Technology Inc., Kinetics Noise Control, Inc. and VICODA Gmbh.
Sales Channels Covered: • Aftermarket • OEM
Products Covered: • Vibration Control • Automation Control • Motion Control
End-Users Covered: • Electrical Equipment, Appliance, and Component • Petroleum and Coal Products Manufacturing • Beverage and TobaccProduct Manufacturing • Transportation • Oil and Gas Extraction • Machinery Manufacturing • Chemical Manufacturing • Textile Mills • Food Manufacturing • Utilities • Mining, Quarrying
Regions Covered: • North America US Canada Mexico • Europe Germany U.K. Italy France Spain Rest of Europe • Asia Pacific Japan China India Australia New Zealand South Korea Rest of Asia Pacific • South America Argentina Brazil Chile Rest of South America • Middle East & Africa Saudi Arabia UAE Qatar South Africa Rest of Middle East & Africa
What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements