The global shipbuilding anti-vibration market size is expected to reach USD 1,487 million by 2030, 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, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rising demand for ships that offer high comfort, a growing tourism industry coupled with the increased consumer preference for luxurious lifestyles, and an inclination towards sailing holiday activities are projected to drive the demand. In addition, a rapid growth in global international trade and an increasing number of minor bulk shipments, including bagged cements, fertilizers, minerals, steels, chemicals, and metals, are also likely, to be among the key factors driving the industry growth shortly.
For instance, in November 2021, Dublin Port announced its expansion plan for Ireland’s largest port situated in Dublin with a value of EUR 400 million. The project is third & final part of port’s 2040 development plan to increase the capacity to over 3 million freights annually.
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The assimilation of numerous anti-vibration components in the shipbuilding sector in various applications is estimated to expand significantly over the projected period. Furthermore, anti-vibration components account for a large percentage of the expansion of Blue Economy in Europe as they are a low-impact and highly sustainable means of visiting coastal locations compared to travel by other sources, including car, cruise ship, and ferry.
Marine transport is the backbone of globalized trade activities and the global manufacturing supply chain, as over 4/5 of the world’s merchandise trade in volume is carried out through the marine route. In recent years, there has been an increase in global demand for transportation over the coming years, which has substantially increased the number of imports and exports across the globe, which is likely to have a positive impact on global market growth.
Shipbuilding Anti-Vibration Market Report Highlights
Polaris Market Research has segmented the shipbuilding anti-vibration market report based on product type, function type, application, material, and region:
Shipbuilding Anti-Vibration, Product Type Outlook (Revenue - USD Million, 2018 - 2030)
Shipbuilding Anti-Vibration, Function Type Outlook (Revenue - USD Million, 2018 - 2030)
Shipbuilding Anti-Vibration, Application Outlook (Revenue - USD Million, 2018 - 2030)
Shipbuilding Anti-Vibration, Material Outlook (Revenue – USD Million, 2018 – 2030)
Shipbuilding Anti-Vibration, Regional Outlook (Revenue - USD Million, 2018 - 2030)