According to Publisher, the Global Vibration Control Systems Market is accounted for $1.84 billion in 2016 and is expected to reach $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 to remain as largest end user segment. Moreover, transportation segment is expected to rise 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 to grow at a highest CAGR.
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Some of the key players in this market include Guangzhou YiTaoQianChao Vibration Control Technology Co Ltd, VSL International Ltd., ACTOM (Pty) Ltd, Dynamic Solutions Systems, Inc., Mupro Services 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:
-Electrical Equipment, Appliance, and Component
-Petroleum and Coal Products Manufacturing
-Beverage and Tobacco Product Manufacturing
-Oil and Gas Extraction
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o Rest of Europe
o New Zealand
o South Korea
o Rest of Asia Pacific
o Rest of South America
-Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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Name: Sameer Joshi