Market revenue in 2023 | USD 847.1 million |
Market revenue in 2030 | USD 1,308.7 million |
Growth rate | 6.4% (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 |
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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 59.17% in 2023. Horizon Databook has segmented the U.S. vibration control system market based on motion control, vibration control covering the revenue growth of each sub-segment from 2017 to 2030.
In the U.S., the rising awareness about the benefits of vibration control systems, such as improved safety, increased productivity, and reduced maintenance costs, are driving the adoption of vibration control systems, especially in the manufacturing, oil & gas, and aerospace industries.
The incumbents of the manufacturing industry are among the significant end users of vibration control systems. Higher levels of vibration stemming from the increasing use of automated machinery and equipment in the manufacturing industry can culminate in severe damage to the equipment and machinery, thereby leading to increased downtime and maintenance costs.
For instance, in October 2022, KULR Technology Group Inc., a company that develops and licenses nextgeneration carbon fiber thermal-management technologies for electronic systems and batteries, launched KULR VIBE, an AI-based service aimed at reducing vibrations in electronic systems and batteries.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. vibration control system market , including forecasts for subscribers. This country databook contains high-level insights into U.S. vibration control system market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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