What is Global Torsional Vibration Damper Market?
The Global Torsional Vibration Damper Market is a specialized sector that focuses on the production and distribution of devices designed to reduce torsional vibrations. These vibrations are rotational oscillations that can occur in various mechanical systems, such as engines and power transmission equipment. The dampers are crucial in preventing damage and ensuring the smooth operation of these systems. The market for these devices is vast and diverse, encompassing a range of different damper types and applications.
Rubber Vibration Damper, Silicone Oil Vibration Damper, Composite Vibration Damper in the Global Torsional Vibration Damper Market:
The Global Torsional Vibration Damper Market is segmented into three main types of dampers: Rubber Vibration Damper, Silicone Oil Vibration Damper, and Composite Vibration Damper. Each of these dampers has unique properties and applications. Rubber Vibration Dampers, for instance, are widely used due to their durability and cost-effectiveness. They are designed to absorb and dissipate energy, reducing the impact of vibrations. Silicone Oil Vibration Dampers, on the other hand, are filled with silicone oil that provides damping through viscous friction. These are often used in high-performance applications due to their excellent heat resistance and stability. Composite Vibration Dampers are made from a combination of materials, offering the benefits of both rubber and silicone oil dampers. They are typically used in applications that require high damping efficiency and durability.
Passenger Vehicle, Commercial Vehicle in the Global Torsional Vibration Damper Market:
The Global Torsional Vibration Damper Market serves a wide range of applications, particularly in the automotive industry. Passenger vehicles and commercial vehicles are the primary users of these dampers. In passenger vehicles, the dampers are used to reduce vibrations in the engine and transmission system, enhancing the vehicle's performance and comfort. In commercial vehicles, the dampers are crucial in preventing damage to the vehicle's mechanical systems, ensuring their longevity and reliability. The use of these dampers in both passenger and commercial vehicles is expected to continue to drive the market's growth.
Global Torsional Vibration Damper Market Outlook:
The Global Torsional Vibration Damper Market is a dynamic and growing sector. In 2022, the market was valued at US$ 59 million and is projected to reach US$ 90 million by 2029, growing at a CAGR of 6.1% from 2023 to 2029. The market is dominated by Rubber Vibration Dampers, which accounted for about 62% of the global sales in 2020. The majority of these dampers are used in passenger vehicles, which represented about 73% of the market in 2020. Europe is a significant player in the global market, accounting for about 32% of the market share. The top three companies in the market hold about 42% of the market share, demonstrating the competitive nature of this market.
| Report Metric | Details |
| Report Name | Torsional Vibration Damper Market |
| Accounted market size in 2022 | US$ 59 in million |
| Forecasted market size in 2029 | US$ 90 million |
| CAGR | 6.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Vibracoustic, Schaeffler, Valeo, ZF, BorgWarner, Continental, AAM, Knorr-Bremse, Ningbo Tuopu Group, FUKOKU, Dongfeng (Shiyan), Chengdu Xiling Power, Geislinger, Anhui Zhongding, Hubei Guangao, Ningbo Sedsun |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
