Anti-vibration System Market for Automotive - Overview
The anti-vibration system isolates the vibrations produced in the vehicle either by the power generation unit or due to the terrain followed by the vehicle. Manufacturers install several anti-vibration systems within the vehicle in order to enhance the comfort factor and boost the ergonomics of the vehicle.
Anti-vibration System Market for Automotive - Drivers and Restraints
The global market for anti-vibration system for automotive is likely to expand at a significant rate during the forecast period owing to integration of numerous anti-vibration components in automobiles. High demand for vehicles that offer high comfort is key a factor fuelling the demand for anti-vibration systems for automotive. Preference for enhanced safety features and better shock absorbers is increasing among consumers. Moreover, rubber bushings, springs, shock absorbers, and foams are key components of anti-vibration systems that are integrated in almost all vehicles. High-end luxury cars are loaded with a set of anti-vibration components in order to isolate the maximum amount of generated vibrations. On the other hand, expansion of the market for electric vehicles is expected to restrain the anti-vibration system market owing to the elimination of the engine from the electric vehicle, which is considered as a prominent component that generates vibrations. Furthermore, most components in electric vehicles are installed within the chassis and cabin in order to minimize the effect of vibrations produced due to non-uniformity of the terrain followed by the vehicle.
Anti-vibration System Market for Automotive - Segmentation
The global anti-vibration system market for automotive can be segmented based on technology, component, sales channel, vehicle type, and region. In terms of technology, the passive anti-vibration system segment is likely to hold a notable share of the anti-vibration system market for automotive, owing to the application of a majority of active systems in only luxury vehicles.
In terms of component, the suspension system segment is likely to account for a major share of the market, as it is an integral part of the vehicle powertrain that absorbs the maximum shocks generated by the terrain, followed by the rubber mounting integrated to mount different components of the vehicle and isolate the vibrations generated from the moving parts.
Based on sales channel, the OEM segment is likely to hold a prominent share of the anti-vibration system market for automotive due to low replacement rate and high lifespan of anti-vibration system components. Thus, the OEM segment is expanding at considerably higher rate, as compared to that of the aftermarket segment of the anti-vibration component market. Furthermore, improvement in infrastructure and technological development of products have led to the longer lifespan of anti-vibration systems.
Based on vehicle type, the passenger vehicle segment accounted for a notable share of the anti-vibration market for automotive, due to the presence of a large number of anti-vibration systems in the vehicle in order to enhance the comfort features of the vehicle. Furthermore, the production of commercial vehicle segment is expanding at a significant pace due to growing logistics industry, which in turn is likely to boost the anti-vibration system market for commercial vehicle segment at remarkable pace over the forecast period.
In terms of region, Asia Pacific is likely to be a highly attractive anti-vibration system market for automotive, due to the presence of a large number of manufacturers in the region. Furthermore, most key manufacturers are likely to establish their manufacturing units in the region, as Asia Pacific offers significant opportunity.
Anti-vibration System Market for Automotive - Key Players
Key players operating in the global anti-vibration system market for automotive are Geislinger GmbH, FAI Autoparts, Vibrasystems Inc., Winkelmann Automotive, Continental AG, and SGF.
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