Torsional Vibration Damper Market Size, Share, Growth, and Industry Analysis, By Type (Rubber, Viscous & Others), By Application (Highway, Off-Highway, Industrial & Others), Regional Insights, and Forecast To 2032

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TORSIONAL VIBRATION DAMPER MARKET REPORT OVERVIEW

global torsional vibration damper market size was USD 2.61 billion in 2023 and market is projected to touch USD 3.29 billion by 2032 at CAGR 3.39%, exhibiting a CAGR of 3.39% during the forecast period.

An internal combustion engine's torsional vibration damper, sometimes referred to as a harmonic balancer or torsional damper, is a mechanical device that lessens torsional vibrations. When the engine's cyclical combustion forces cause the crankshaft to twist and oscillate, this is known as torsional vibration. Because of the widespread production of automobiles, there has been a noticeable increase in the demand for passenger vehicles during the last few years. The growth of the global market for torsional vibration dampers is anticipated to be reinforced by enhanced engine performance and dependability.

COVID-19 IMPACT

"Pandemic Caused Economic Downturn with Reduced Vehicle Production Restrained the Market Growth"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Purchase decisions may have been impacted by the pandemic's economic instability and depression, which resulted in lower investments in new cars and industrial machinery. This, in turn, may have lowered demand for related components like torsional vibration dampers. Many automakers cut back on production or temporarily stopped it because of supply chain issues, consumer demand declines, and lockdowns. The market for torsional vibration dampers would have been directly impacted by this drop in car manufacturing.

LATEST TRENDS

"Advancements in Automotive Technology with Advent of Electric Vehicles to Diversify the Market Growth"

Significant technological improvements have been made in the automotive sector, leading to the development of engines that are both more environmentally friendly and fuel-efficient. In order to satisfy the demands of contemporary engine technologies, torsional vibration dampers may see design and material advances. The automotive landscape has been influenced by the rise of electric and hybrid vehicles. These vehicles still contain rotating parts that can need vibration control even though their propulsion methods are different. It is possible to modify or incorporate torsional vibration dampers or related technology into these systems. In order to increase fuel efficiency, the automobile industry has been putting a lot of focus on vehicle weight reduction. Torsional vibration dampers can be constructed more efficiently overall without sacrificing performance by using lightweight materials and designs.

TORSIONAL VIBRATION DAMPER MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into rubber, viscous & others.

Different types and designs of torsional vibration dampers are available to meet the needs of different engines and applications. Viscous dampers reduce torsional vibrations by using a fluid, typically silicone-based. By absorbing and diffusing the vibrating energy, the fluid causes resistance. It is frequently utilized in vehicle engines. Rubber dampers absorb and release torsional vibrations using elastomeric materials like rubber. Under torsional stress, the rubber material deforms and produces damping effects. In a variety of internal combustion engines, they are commonly used. The features of the engine, the intended use, and performance requirements are some of the elements that influence the choice of torsional vibration damper type. The right kind is selected by engineers and manufacturers to maximize the trade-off between overall system efficiency and vibration control.

By Application

Based on application the global market can be categorized into highway, off-highway, industrial & others.

Applications for torsional vibration dampers are numerous and include industrial machinery, off-highway equipment, and automobiles. The exact design and features of torsional vibration dampers may change in each of these applications depending on variables including engine type, load circumstances, and performance requirements. The objective is to reduce the detrimental effects of torsional vibrations on important components like the crankshaft in order to increase the longevity and dependability of engines. These dampers are frequently customized by manufacturers to satisfy the particular needs of various industries, guaranteeing optimum performance and lifetime for the equipment or cars in which they are installed.

DRIVING FACTORS

Increasing Utilization of Passenger Vehicles to Drive the Market Growth

The past few years have seen a noticeable increase in the demand for passenger vehicles, which has led to widespread auto production. Furthermore, there has been a rise in customer preference for safer and better driving experiences. The global market for torsional vibration dampers is anticipated to increase at a faster rate due to improved engine performance and dependability. Furthermore, it is anticipated that the market for torsional vibration dampers will be driven primarily by reduced fuel consumption and improved ride comfort as a result of rising passenger car utilization during the forecast period.

"Rising Development of Engines to ""Boost Up the Market Shar"e

In addition to offering top-notch torsional vibration dampers, the producers are conducting research and development to create even more torsional vibration. Furthermore, the cost of the dampers as aftermarket replacements is quite high; nevertheless, in the upcoming years, price reductions are anticipated due to intense competition in the cutting edge industry. Furthermore, the market is growing due to innovations in two-degree-of-freedom torsional vibration dampers with reasonably straightforward designs and affordable production prices. Over the projection period, torsional vibration damper technology is anticipated to increase in tandem with the increasing hybridization and electrification of automobiles.

RESTRAINING FACTOR

"Design Specificity and Limited Adjustment to Potentially Impede the Market Growth"

Although they can effectively reduce torsional vibrations and improve the longevity and performance of internal combustion engines, torsional vibration dampers are not without restrictions. It is common for torsional vibration dampers to be engine configuration-specific. Vibration control may be less successful and performance may be subpar if a damper is not designed with the engine in mind. The adjustment of certain torsional vibration dampers is restricted. When attempting to adjust the damping characteristics for particular engine requirements or upgrades, this constraint can present difficulties. However, the design specificity and limited adjustment to retard the torsional vibration damper market growth.

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TORSIONAL VIBRATION DAMPER MARKET REGIONAL INSIGHTS

"Asia Pacific to be a Domineer in the Market as a Major Exporter of Automotive Components"

Asia Pacific is expected to hold the largest torsional vibration damper market share of the global market in the forecasted period. This is because Asia Pacific is home to numerous significant manufacturing facilities, making the region a major exporter of automobiles and automotive components. Additionally, the need for agricultural vehicles is predicted to increase, which would strengthen the market in Asia Pacific. This region is a significant hub for the production of automobiles, particularly nations like South Korea, China, and Japan. The demand for parts like torsional vibration dampers has probably increased due to the expansion of the automobile sector in Asia-Pacific.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The market is significantly impacted by significant market players who are vital in defining consumer preferences and market dynamics. These large companies' extensive retail networks and online platforms give customers simple access to a wide variety of apparel options. Due to their strong global presence and well-known brand, which have also strengthened consumer confidence and loyalty, product adoption has increased. Furthermore, these titans of industry never cease investing in R&D, delivering innovative materials, styles, and smart features to satisfy evolving consumer preferences. The combined efforts of these large companies have a significant influence on the future course and degree of competition in the market.

List of Top Torsional Vibration Damper Companies

• Metaldyne (U.S.)
• FUKOKU (India)
• Ningbo Sedsun (China)
• Anhui Zhongding (China)
• Schaeffler (Germany)
• BorgWarner (U.S)
• ZF (Germany)
• Knorr-Bremse (Germany)
• Valeo (France)
• AAM (U.S.).

INDUSTRIAL DEVELOPMENTS

September 2020: ZF Friedrichshafen AG and Aeva Inc. partnered to bring Lidar sensors a type of sensor used in self-driving cars to market.

REPORT COVERAGE

The study paper investigates market segmentation utilizing both qualitative and quantitative research methods to give a thorough insight. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the study offers evaluations at the national and regional levels, considering the main supply and demand variables that affect market growth. The precisely defined competitive landscape includes the market shares of significant rivals. The study includes player strategies tailored for the anticipated time as well as innovative research methodologies. All things considered, it offers comprehensive and perceptive information regarding market dynamics in a clear and well-organized manner.