Report Overview
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The global small rotary damper market size was valued at USD 61 million in 2022. As per our research, the market is expected to reach USD 95 million by 2029, exhibiting a CAGR expansion of 6.6% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the small rotary damper market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
A rotary damper is a device used to control the motion of a mechanism by providing resistance to its rotational movement. Small rotary dampers are typically used in various applications where controlled motion is required to prevent sudden or rapid movement. These dampers are often found in products such as automotive components, consumer electronics, furniture, industrial equipment, medical devices, and more.
A small rotary damper, also known as a rotary viscous damper or rotary shock absorber, is a mechanical device designed to provide controlled resistance to rotational motion. It consists of a housing, a rotating shaft or disc, and a viscous fluid (usually silicone oil) contained within the housing. The primary purpose of a rotary damper is to slow down or dampen the rotational movement of an object, preventing it from moving too quickly or abruptly.
COVID-19 Impact: Market Faced a fall in Demand Due to Demand Fluctuations during the Pandemic
There was no single sector unaffected by COVID-19. Small Rotary Damper Market was affected as well. Depending on the industries they serve, the demand for small rotary dampers could have experienced fluctuations. For instance, the automotive and consumer electronics industries were initially hit hard by the pandemic, resulting in reduced demand for related components, including rotary dampers.
Latest Trends
"Inclusion of Miniaturization and Precision to Bring More Efficiency in the Market"
The small rotary damper market is as dynamic as any market. In the market, there is everyday development in the market to add more benefits to it. Recently, with advancements in technology and manufacturing processes, there's a growing trend toward smaller and more precise devices. Small rotary dampers are likely to follow this trend, becoming more compact and offering finer levels of control over rotational motion.
Segmentation
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- By Type Analysis
According to type, the market can be segmented into Plastic & Metal.
In terms of services, Metal is the largest segment, as it holds the maximum share of the market.
- By Application Analysis
Based on application, the market can be divided into Automotive, Consumer Goods, & Others.
Driving Factors
"Rising Automotive Innovation has Increased Demand in the Market"
The increasing use of automation and robotics in industries like manufacturing, logistics, and healthcare requires precise motion control. Small rotary dampers play a role in ensuring smooth and accurate movements in automated systems. The automotive industry uses small rotary dampers in various applications, including glove compartments, center console lids, and trunk lids. Innovations in automotive design and the demand for enhanced user comfort drive the use of dampers. Advances in materials science and engineering lead to the development of more efficient, durable, and customizable dampers, expanding their applications. Advances in materials science and engineering lead to the development of more efficient, durable, and customizable dampers, expanding their applications.
"Global Infrastructure Development to Influence the Market Demand"
Infrastructure projects in sectors like construction and transportation require components that contribute to safety and longevity. Small rotary dampers can play a role in various infrastructure applications. Ongoing advancements in healthcare equipment and devices create opportunities for small rotary dampers in applications ranging from diagnostic tools to therapeutic devices. This contributes to the Small Rotary Damper Market growth.
Restraining Factors
"Economic Uncertainty Could Lead to a Declining Trend in the Market"
Economic downturns, recessions, or uncertainties can lead to reduced consumer spending and investment across industries. This can result in delayed projects, decreased demand for products utilizing small rotary dampers, and a more cautious approach to new investments. As a consequence, there can be a declining trend in the market.
Regional Insights
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"North America Region Dominates the Market as it has Strong Industrial and Technological Base"
North America has the largest Small Rotary Damper Market share as it is home to advanced industries such as automotive, consumer electronics, aerospace, and medical devices. These industries often require precision motion control, where small rotary dampers play a crucial role. The strong industrial and technological base creates a significant demand for these dampers. The region is known for its emphasis on innovation, research, and development. This environment encourages the adoption of new technologies, including small rotary dampers, to enhance product performance and user experience. North America is a hub for consumer electronics companies, and many of these devices require controlled motion mechanisms. Laptops, smartphones, gaming consoles, and other gadgets commonly utilize small rotary dampers to provide smooth and controlled movement.
Key Industry Players
"Key Players Focus on Research & Innovation to Provide Better Quality Products in the Market"
Key players invest in research and development to innovate and improve small rotary damper designs. They focus on creating dampers that offer better performance, durability, and control, while also meeting the evolving needs of different industries. Key players often offer customization services to cater to unique requirements of different industries. This could involve designing dampers with specific damping profiles, dimensions, and features tailored to individual applications. Maintaining high-quality standards is crucial. Key players implement stringent quality control measures throughout the manufacturing process to ensure that the produced dampers meet industry standards and perform as expected. Collaborations with other manufacturers, industries, and technology providers allow key players to offer comprehensive solutions. For example, they might collaborate with automotive manufacturers or consumer electronics companies to integrate their dampers into larger products.
List of Market Players Profile
- Cultraro
- ACE(United States)
- TOK(Japan)
- Fuji Latex Co., Ltd.(Japan)
- Nifco
- Bansbach Easylift(Germany)
- ITW Motion(United States)
- Essentra plc
- PINGOOD ENTERPRISE CO., LTD.
- Sugatsune America
- Fastpoint Srl
- Yongsheng Precision Technology Co., Ltd.
- Nimbr Technology Co., Ltd.
- Weforma Dämpfungstechnik GmbH
- Norelem
Report Coverage
The report brings together extensive research on the qualitative and quantitative factors affecting the market. It gives an overall macro and micro view of the online reputation service industry. This research profiles a report with extensive studies on the online reputation management services market that describe the firms affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc.
Furthermore, the post-COVID-19 pandemic’s effect on international market restrictions and a deep understanding of how the industry will recover and strategies are also stated in the report. Finally, the competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 61 Million in 2022 |
Market Size Value By |
US$ 95 Million by 2029 |
Growth Rate |
CAGR of 6.6% from 2022 to 2029 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global small rotary damper industry expected to touch by 2029?
The global small rotary damper industry is expected to touch USD 95 million by 2029.
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What CAGR is the small rotary damper industry expected to exhibit during 2023-2029?
The global small Rotary damper industry is expected to exhibit a CAGR of 6.6% over 2023-2029.
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What are the factors which help in pushing the Small Rotary Damper market?
Global infrastructure development and rising automotive innovation are the driving factors of the Small Rotary Damper market.
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Which are the key players or most dominating companies functioning in the Small Rotary Damper market?
Cultraro, ACE, TOK, Fuji Latex Co., Ltd., Nifco, Bansbach Easylift, ITW Motion, Essentra plc, PINGOOD ENTERPRISE CO., LTD., Sugatsune America, Fastpoint Srl, Yongsheng Precision Technology Co. Ltd., Nimbr Technology Co.Ltd., Weforma Dämpfungstechnik GmbH, and Norelem are the top companies operating in the Small Rotary Damper market.