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.
APAC is the fastest-growing market for shipbuilding anti-vibration market. The scaling trade activities and infrastructural developments in the shipping industry-in the form of an increasing port network-are the key factors behind the high demand for shipbuilding anti-vibration. The Chinese and South Korean are the major consumers of anti-vibration products for shipbuilding.
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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.
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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