Shipbuilding Anti-Vibration Market Forecasts to 2030 – Global Analysis By Product Type (Mounts, Bearing Pads, Bellows and Other Product Types), Function Type (Engine Vibration, Heating, Ventilation, and Air Conditioning (HVAC) Vibration and Function Types

Shipbuilding Anti-Vibration Market Forecasts to 2030 – Global Analysis By Product Type (Mounts, Bearing Pads, Bellows and Other Product Types), Function Type (Engine Vibration, Heating, Ventilation, and Air Conditioning (HVAC) Vibration and Function Types), Material (Elastomer, Plastic and Other Materials), Application and By GeographyAccording to Stratistics MRC, the Global Shipbuilding Anti-Vibration Market is accounted for $1029.8 million in 2023 and is expected to reach $1708.5 million by 2030 growing at a CAGR of 7.5% during the forecast period. Shipbuilding Anti-Vibration is a product designed primarily to eliminate unwanted vibration and noise in the shipbuilding industry. The increased usage of shipbuilding anti-vibration in applications such as container ships, fishing boats, motorboats, bulk carriers, and many others is fueling global market demand.

According to the International Chamber of Shipping (UK), approximately 90% of the global volume of merchandise trade is transported by sea because transporting goods and raw materials by sea is much more cost effective than rail and road transport.

Market Dynamics:

Driver:

Increasing demand for lavish lifestyles and rising consumer expenditure

A significant component of the demand for anti-vibration technologies in shipbuilding is the rising demand for comfortable ships. The passenger ship market is predicted to increase at a faster rate than the shipbuilding anti-vibration market due to the expanding tourist sector and rising demand for opulent lifestyles. Sailing boats are a low-impact and more environmentally friendly way to explore coastal areas than driving around, taking a cruise, or taking a ferry to different islands. The worldwide epidemic has caused a drop in yacht ownership, but the market for such vacation goods has remained stable, changing the demographics of yachters to younger, less experienced customers who choose to rent boats rather than own them.

Restraint:

Cost-raising structural factors in marine transportation

As marine transportation involves complex logistical operations and adherence to stringent safety regulations, shipbuilders must incorporate advanced anti-vibration technologies to meet these requirements. The high costs associated with research, development, and implementation of such specialized solutions can pose a challenge. Additionally, the lengthy shipbuilding process and the need for extensive testing further elevate expenses. As a result, cost-conscious ship owners may hesitate to invest in anti-vibration technologies, limiting the market's growth.

Opportunity:

Expansion of internet trade and e-commerce

As global connectivity grows, shipbuilders and anti-vibration technology providers can reach a broader customer base through online platforms. E-commerce allows for efficient marketing, sales, and distribution of anti-vibration products worldwide, making it easier to cater to the diverse needs of shipbuilding companies globally. Additionally, digital communication facilitates collaboration and information sharing between manufacturers and customers, enabling faster feedback and product improvement. Embracing internet trade and e-commerce can lead to increased market penetration, enhanced customer engagement, and overall business growth in the shipbuilding anti-vibration market.

Threat:

High maintenance costs and a high replacement rate

In order to maintain the efficiency of the specific anti-vibration technology employed in ships, constant and costly maintenance is required. Additionally, these components are vulnerable to wear and tear because of the hostile marine climate, which results in a greater replacement rate. These elements raise operating costs and can discourage potential consumers from purchasing anti-vibration products. To overcome these obstacles and remain competitive in the market, producers must concentrate on creating more robust and economical technologies.

Covid-19 Impact:

Due to supply chain interruptions that affected demand, COVID-19 had an adverse impact on the global economy and the shipping sector. The pandemic caused a drop in maritime shipping and other marine operations, which caused the shipbuilding anti-vibration business to collapse. A never-before-seen degree of effect was felt on supply chains, tourism, and international trade. The impact started to lessen and the volumes began to increase for both containerized commerce and dry bulk commodities after the third quarter of 2021. Despite the fact that the pandemic severely disrupted the economy and the sector, it also opened up new prospects for the industry due to a positive trend in e-commerce trade.

The heating, ventilation, and air conditioning (HVAC) vibration segment is expected to be the largest during the forecast period

The heating, ventilation, and air conditioning (HVAC) systems are required for ensuring the highest levels of comfort and efficiency on board ships, in regard to the Shipbuilding Anti-Vibration Market and expected to hold a significant share. These systems are intended to control the interior of the ship's temperature, humidity, and air quality, providing a comfortable atmosphere for crew members and delicate equipment. Additionally, HVAC systems help to reduce vibrations, which is important for lowering structural fatigue and improving the vessel's general stability. HVAC systems possess an integral part in the success and efficiency of shipbuilding projects by successfully reducing vibrations and maintaining a pleasant atmosphere, guaranteeing secure and efficient operations at sea.

The bearing pads segment is expected to have the highest CAGR during the forecast period

During the anticipated period, the bearing pads segment is expected to increase at the most effective rate. The market segment's expansion is mostly due to its extensive use in a variety of applications, including OEM engines, auxiliary systems, marine propulsion systems, and gas turbine exhausts in the shipbuilding industry. Additionally, throughout the anticipated period, acceptance and demand are projected to be significantly fueled by the capacity to employ pads to handle severe loads and the increasing penetration of these sorts of products worldwide.

Region with largest share:

During the forecast period, it is expected that the North American Shipbuilding Anti-Vibration market will continue to hold a majority of the market share. With a focus on sustainability and safety, shipbuilders in the region emphasize integrating anti-vibration solutions to meet stringent regulations and enhance vessel performance. The demand for modern and eco-friendly ships drives the adoption of innovative vibration damping technologies, creating opportunities for both established players and emerging companies. Additionally, North America's strong research and development capabilities facilitate continuous advancements in anti-vibration systems, ensuring a competitive edge in the global shipbuilding market.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, the region's prominent shipbuilding countries, like South Korea, China, and Japan, invest heavily in anti-vibration technologies to comply with international standards and improve ship performance. As economic growth fosters trade and marine transportation, there is a rising need for advanced anti-vibration solutions to ensure crew comfort and cargo safety. Moreover, the availability of skilled labor and favorable government policies encourage innovation and the manufacturing of cutting-edge anti-vibration systems, solidifying Asia Pacific's pivotal role in the global market.

Key players in the market

Some of the key players in Shipbuilding Anti-Vibration market include Av Industrial Products Ltd, Vibracoustics Ltd., Bridgestone Industrial, Getzner Werkstoffe GmbH, GMT Rubber-Metal-Technic Ltd., Continental AG, AMC Mecanocaucho, Patrini Giacomo, Parker LORD, Pt Kemenengan, Hutchinson Paulstra SNC, Polymer Technologies Inc, Vulkan, Rosta Ag., Trelleborg, Angst + Pfister, Stampaggio Gomma and Dab Antivibranti.

Key Developments:

In October 2022, Trelleborg announced that the company had finalized the acquisition of German-based manufacturer MG Silikon. The company has specialization in various industrial and aerospace applications and has its head office and manufacturing facility in Lindau, Germany, with annual sales of nearly SEK 120 M.

In November 2021, The Parker LORD has named Ashton Seals as its partner for the distribution of industrial vibration isolation products in the UK. The agreement aims to increase logistics presence of Parker Lord in the UK.

In June 2020, Lita Ocean received a contract for six patrol boats from Maritime and Port Authority of Singapore. Getzner Werkestoffe GmbH supplied Sylomer Bearings to Lita Ocean for protecting the sensitive electronic components in the wheelhouse.

Product Types Covered:
• Mounts
• Bearing Pads
• Bellows
• Washers
• Other Product Types

Function Types Covered:
• Engine Vibration
• Heating, Ventilation, and Air Conditioning (HVAC) Vibration
• Generators & Pumps
• Other Function Types

Materials Covered:
• Elastomer
• Plastic
• Other Materials

Applications Covered:
• Tugs
• Yachts
• Fishing Boats
• Motorboats
• Sailboats
• Cruise Ships
• Container Ships
• Oil Tankers
• Bulk Carriers
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements