Shipbuilding Anti-Vibration Industry worth $1253 million by 2027 | Key players Trelleborg, Parker LORD, Hutchinson Paulstra, GMT Rubber-Metal-Technic, Continental

According to recent market research the "Shipbuilding Anti-Vibration Market by Material, Product Type (Mounts, Bearing Pads, Bellows, Washers), Function Type (Engine Vibration, HVAC Vibration, Generators & Pumps), Application and Region - Global Forecast to 2027", 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 growing demand for shipbuilding anti-vibration from marine industry, as well as rising disposable income in emerging economies are the major drivers for the market. Intensifying need for mounts and others anti-vibration products from various shipbuilding application such as propulsion engine, HVAC, and compressors is also driving the shipbuilding anti-vibration market. Increase in activities such as ship repair & maintenance and shipbuilding in some economies such as India, China, South Korea etc. expected to provide huge opportunities for the growth of shipbuilding anti-vibration market.

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The shipbuilding anti-vibration market includes major Tier I and II suppliers like Trelleborg, Continental, Hutchinson Paulstra, GMT Rubber, and Parker LORD. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, and RoW. COVID-19 has impacted their businesses as well. Multiple manufacturing facilities of players have shut down due to COVID-19. This also translates into a snowballing effect on the shipbuilding anti-vibration market.

The bearing pads product type segment is the largest and fastest growing segment from 2022-2027. Bearing pads have a wide range of applications in engines, motors etc. The key growth driver of the high consumption of these bearing pads is owing to the increasing demand from ship repair & maintenance industry.

The engine vibration segment is the biggest and fastest-growing market during 2022-2027. The key growth driver of the high consumption in this segment is owing to their demand in various applications such as container ships, tugs, yachts, oil tankers etc. Generators and Pumps is the second-fastest growing market, the growth is attributed to increasing demand for power generation and supply.

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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.

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.

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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 its 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.

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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