The global shipbuilding anti-vibration market size is expected to reach USD 1,725.18 Million by 2032, according to a new study by Polaris Market Research. The report “Shipbuilding Anti-Vibration Market Share, Size, Trends, Industry Analysis Report, By Product Type (Mounts, Bellows, Washers, Bearing Pads, and Others); By Function Type; By Application; By Material; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Due to the integration of multiple anti-vibration components in shipbuilding, the global market for shipbuilding anti-vibration products is anticipated to grow at a significant rate over the forecast period. A major driver of the demand for anti-vibration technologies in shipbuilding is the rising demand for comfortable ships. The market for passenger ships is anticipated to increase at a faster rate than the market for shipbuilding anti-vibration due to the expanding tourism sector and rising desire for opulent lifestyles.
Sailing tourism is becoming more popular among consumers, and it is contributing significantly to the expansion of the Blue Economy in Europe and around the world. 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. Due to the global pandemic, yacht ownership has decreased, but demand for such vacation goods has remained constant, changing the demographics of yachters to younger and less experienced customers who choose to charter boats over owning them and pushing the market for yachts. Also, boat chartering provides more flexibility for yearly exploration of other places, which supports the market expansion of shipbuilding anti-vibration systems.
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COVID-19 had a negative impact on both the maritime industry and the global economy due to supply chain interruptions that affected demand. The pandemic led to a decline in maritime transportation and other marine activities, which adversely affected the shipbuilding anti-vibration technology market. International trade, tourism, and supply chains were disrupted on an unprecedented scale.
Despite the significant economic and sectoral disruptions caused by the pandemic, new opportunities emerged, particularly with the rise in e-commerce trade. As restrictions were lifted, government initiatives played a crucial role in aiding the recovery and growth of the shipbuilding sector.
Shipbuilding Anti-Vibration Market Report Highlights
Polaris Market Research has segmented the shipbuilding anti-vibration market repair report based on product type, function type, application, material, and region.
Shipbuilding Anti-Vibration, Product Type Outlook (Revenue - USD Million, 2019 - 2032)
Shipbuilding Anti-Vibration, Function Type Outlook (Revenue - USD Million, 2019 - 2032)
Shipbuilding Anti-Vibration, Application Outlook (Revenue - USD Million, 2019 - 2032)
Shipbuilding Anti-Vibration, Material Outlook (Revenue - USD Million, 2019 - 2032)
Shipbuilding Anti-Vibration, Regional Outlook (Revenue - USD Million, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2024 |
USD 1,096.15 million |
Revenue forecast in 2032 |
USD 1,725.18 million |
CAGR |
5.8% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2022 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
Segments covered |
By Product Type, By Function Type, By Application, By Material And By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
For Specific Research Requirements |