Revenues from Shipbuilding Anti-Vibration Market will Surpass US$ 1253 Million by 2027- MarketsandMarkets™ Study

November 01 20:46 2022
Revenues from Shipbuilding Anti-Vibration Market will Surpass US$ 1253 Million by 2027- MarketsandMarkets™ Study
Browse 116 market data Tables and 46 Figures spread through 183 Pages and in-depth TOC on “Shipbuilding Anti-Vibration Market”
Shipbuilding Anti-Vibration Market by Material, Product Type (Mounts, Bearing Pads, Bellows, Washers), Function Type (Engine Vibration, HVAC Vibration, Gernerators & Pumps), Application and Region

The global shipbuilding anti-vibration market size is projected to reach USD 1253 million by 2027 from USD 958 million in 2022, at a CAGR of 5.5% during the forecast period. The shipbuilding anti-vibration market is projected to register positive growth during the forecast period. This growth rate is attributed to the high demand for ships that offer high comfort,high growth opportunities in cruise ships, bulk carriers and tugs application. 

Based on product type, the shipbuilding anti-vibration market is segmented into mounts, bearing pads, washers, bellows, and others. The shipbuilding anti-vibration market is mainly driven by the growth in international trade coupled with the increasing application of anti-vibration products such as mounts, bearing pads, and bellows in maritime transport. Mounts are ideal for mobile applications like commercial ships, boats, and tugs.

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Based on application, the shipbuilding anti-vibration market is segmented into bulk carriers, oil tankers, container ships, cruise ships, sailboats, motorboats, fishing boats, yachts, and tugs. The rise in demand for cargo transportation, technological development in marine vessel engines, and the gradual rise in international seaborne trade have boosted the global shipbuilding anti-vibration market.

Based on function type, the shipbuilding anti-vibration market is segmented into engine vibration, HVAC vibration, generators & pumps, and others (air vibration and wave vibration). The engine vibration segment holds a significant share in the shipbuilding anti-vibration market. To overcome vibrations, many players such as Trelleborg, Hutchinson Paulstra, Parker LORD, and AV Industrial Products Ltd. are offering anti-vibration mounts.

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Asia Pacific is the largest market for shipbuilding anti-vibration. The region’s growth is mainly due to the rapid economic growth, particularly in the transportation and shipbuilding industries. Countries such as China, Japan, and South Korea are considered the main manufacturing hubs for shipbuilding. The rise in seaborne trade has subsequently led to increased demand for ships to transport manufactured goods to various regions worldwide. Thus, the increase in the number of ships has contributed to the growing demand for the shipbuilding anti-vibration market in the Asia Pacific.

The shipbuilding anti-vibration market is dominated by a few globally established players such as Trelleborg (Sweden), Parker LORD (US), Hutchinson Paulstra (France), GMT Rubber-Metal-Technic Ltd. (UK), and Continental (Germany). These players have adopted various growth strategies such as agreements & collaborations, mergers & acquisitions and new product launches to increase their presence in the global market. 

Trelleborg was the largest player in the shipbuilding anti-vibration market in 2021. The company provides has a wide product portfolio of anti-vibration for marine application. It has a presence in over 150 countries with more than 100 production units with 29 R&D centers. The company emphasis on R&D and has adopted merger & acquisitions, new product launch, and agreement & collaboration as it’s business strategy to strengthen its leading position in the shipbuilding anti-vibration market. In March 2016, Trelleborg acquired Loggers Rubbertechniek B.V. (Netherlands) that provides specially engineered anti-vibration solutions for marine applications. 

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Parker LORD is one of the key players in the shipbuilding anti-vibration market with presence in 26 countries and operates 19 manufacturing facilities and 10 R&D centers worldwide. The company has manufacturing centers in Brazil, China, Germany, India, Italy, Japan, South Korea, and US.

The company offers anti-vibration products for marine industry. It has adopted merger & acquisition and agreement & collaboration as its key business strategies to improve its share in the shipbuilding anti-vibration market. In November 2021, the company has named Ashton Seals as its partner for the distribution of industrial vibration isolation products in the UK.

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