July 12, 2022 06:54 ET | Source: Vantage Market Research Vantage Market Research
WASHINGTON, July 12, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research's recent analysis of the Global Anti-Vibration Mounts Market finds that the increasing need to enhance the efficiency of vehicles & engineering equipment is anticipated to bolster the growth of the Global Anti-Vibration Mounts Market during the forecast period. The Global Market revenue stood at a value USD 6,238.1 Million in the year 2021.
The Global Anti-Vibration Mounts Market size is forecasted to reach USD 6,740.7 Million by the year 2028 and is expected to grow to exhibit a Compound Annual Growth Rate (CAGR) of 1.3% during the forecast period; states Vantage Market Research, in a report, titled “Anti-Vibration Mounts Market Size, Share & Trends Analysis Report by Application (Diesel Generator, Pumps, Motors, HVAC Equipment), by Type of Isolation (Passive Isolation, Active Isolation), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
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Key Insights & Findings from the Report:
Increasing Need to Enhance the Efficiency of Vehicles & Engineering Equipment to Drive the Market Growth
The increasing need to enhance the efficiency of vehicles and engineering equipment is anticipated to augment the growth of the Anti-Vibration Mounts Market during the forecast period. Heavy machinery and other equipment generate much noise and wear and tear from vibration while in motion. As a result, it either directly or indirectly damages the machinery, likely increasing the demand for anti-vibration mounts globally. In the long run, high levels of vibration can cause significant damage to machinery. As a result, vibration isolation is critical for improving machine performance over time. Rubber products are primarily used to prevent machine vibration from being transmitted. These items serve as vibration-absorbing isolating pads. In addition, isolating pads prevent vibrations from transferring to neighboring machines and structures. This need to reduce the noise and wear & tear of the engine and other components is projected to propel the growth of the Anti-Vibration Mounts Market during the forecast period.
Rising Demand from Various Industrial Applications to Stimulate Market Growth
The rising demand from various industrial sectors is expected to augment the growth of the Anti-Vibration Mounts Market shortly. Anti-vibration components for industrial applications consist of level mounts, bushes, cylindrical buffers, cylindrical mounts, and sandwich mounts, among others. These components provide passive quiver isolation on electronic instruments, measuring equipment, and test cells. Apart from electronic and electrical applications, these mechanisms are used in various industries, including mining, quarrying, and food manufacturing. Also, in the electronics industry, vibration control mechanisms consist of vibration sensors, control electronics, and actuators, which create a feedback loop and protect structures and equipment from impact forces. Further, the electronic industry is also expected to provide significant growth opportunities for value chain participants due to the increased manufacturing of industrial machinery globally.
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Segmentation of the Global Anti-Vibration Mounts Market:
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The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the power industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
The report on Anti-Vibration Mounts Market highlights:
Browse market data Tables and Figures spread through 144 Pages and in-depth TOC on "Anti-Vibration Mounts Market Size, Share & Trends Analysis Report by Application (Diesel Generator, Pumps, Motors, HVAC Equipment), by Type of Isolation (Passive Isolation, Active Isolation), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)".
Asia Pacific to Witness Fastest Growth of the Market
Asia Pacific is expected to grow at the fastest Compound Annual Growth Rate (CAGR) during the forecast period. This surge is attributable to the rapid industrialization in the region's economies, such as China and India. Additionally, consequential manufacturers in the market are from China, owing to the low capital costs required in the country and technological advancements in the market. Additionally, the increase in demand from various industry sectors is also expected to contribute to the market growth in the region.
List of Prominent Players in Anti-Vibration Mounts Market:
November 2018: Continental AG announced that it reached an agreement to acquire the anti-vibration systems business from Cooper-Standard Automotive.
January 2017: Polymer Technologies Inc. announced the launch of two new lines of anti-vibration engine mounts that are Armor Flex and Squishy Flex. Armor Flex and Squishy Flex mount to combat the effects of excessive vibration.
Key questions answered in the report:
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