Middle East & Africa Vibration Control System Market Size & Outlook
Middle East & Africa vibration control system market, 2017-2030 (US$M)
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MEA vibration control system market highlights
- The MEA vibration control system market generated a revenue of USD 871.9 million in 2023.
- The market is expected to grow at a CAGR of 4% 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.
MEA data book summary
| Market revenue in 2023 | USD 871.9 million |
| Market revenue in 2030 | USD 1,150.4 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Vibration control |
| Fastest growing segment | Vibration Control |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 16.8% of the global vibration control system market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,846.0 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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Middle East & Africa 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 59.93% in 2023. Horizon Databook has segmented the Middle East & Africa vibration control system market based on motion control, vibration control covering the revenue growth of each sub-segment from 2017 to 2030.
In the Middle East, countries such as Saudi Arabia, United Arab Emirates, and Qatar are significant players in the global oil and gas industry. Furthermore, the oil and gas industry is one of the prominent industries in this region, experiencing an increasing demand for vibration control systems.
Vibration control systems are utilized in this sector to mitigate the vibrations generated by drilling operations, extraction processes, and oil and gas transportation. These systems ensure operations' safety, efficiency, and reliability in this critical industry.
The construction industry in the Middle East is also driving the growth of the vibration control market. Due to the substantial infrastructure development in this region, including skyscrapers, bridges, and transportation networks, the demand for vibration control systems has risen.
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Our clientele includes a mix of vibration control system market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa vibration control system market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa vibration control system market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa vibration control system market
Middle East & Africa Vibration Control System Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa vibration control system market
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