Canada Vibration Control System Market Size & Outlook
Canada vibration control system market, 2017-2030 (US$M)
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Canada vibration control system market highlights
- The Canada vibration control system market generated a revenue of USD 232.8 million in 2023 and is expected to reach USD 339.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, vibration control was the largest revenue generating system type in 2023.
- Vibration Control is the most lucrative system type segment registering the fastest growth during the forecast period.
Vibration control system market data book summary
| Market revenue in 2023 | USD 232.8 million |
| Market revenue in 2030 | USD 339.2 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Vibration control |
| Fastest growing segment | Vibration Control |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Motion Control, Vibration Control |
| Key market players worldwide | TotalEnergies SE, Parker Hannifin Corp, ContiTech AG, Stabilus SE, IDEX Corp, Trelleborg AB ADR |
Other key industry trends
- In terms of revenue, Canada accounted for 4.5% of the global vibration control system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. vibration control system market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,308.7 million by 2030.
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Vibration Control System Market Scope
Vibration Control System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada vibration control system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vibration control system market will help companies and investors design strategic landscapes.
Vibration control was the largest segment with a revenue share of 60.18% in 2023. Horizon Databook has segmented the Canada vibration control system market based on motion control, vibration control covering the revenue growth of each sub-segment from 2017 to 2030.
In Canada, the demand for vibration control systems from the incumbents of the automotive, aerospace, and manufacturing, among other industries and industry verticals, shows no signs of abating. Vibration control systems are used in automobiles to reduce vibrations and enhance the comfort and safety of passengers.
As such, the increasing demand for passenger cars and commercial vehicles is driving the adoption of vibration control systems in the automotive industry. When used in aircraft, vibration control systems can help in improving the performance and safety of the aircraft by reducing vibrations.
Manufacturing entities are also relying largely on vibration control systems to reduce vibrations, and subsequently, to improve the accuracy and productivity of their machines. Hence, the increasing demand for machine tools and industrial robots is translating into a higher demand for vibration control systems from manufacturing entities.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada vibration control system market , including forecasts for subscribers. This country databook contains high-level insights into Canada vibration control system market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada vibration control system market size, by system type, 2017-2030 (US$M)
Canada Vibration Control System Market Outlook Share, 2023 & 2030 (US$M)
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