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Viscoelastic Dampers Market Share

Report ID: GMI10608
Published Date: Aug 2024
Report Format: PDF

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Viscoelastic Dampers Market Share

Taylor Devices, Inc. and Sumitomo Riko Company Limited collectively held a significant share of the market in 2023. Taylor Devices, Inc., a manufacturer of innovative damping solutions, plays a crucial role in the market. The company, founded in 1955, has built a strong reputation for providing advanced motion control products used in various applications, including buildings, bridges, aerospace, and industrial machinery.

Sumitomo Riko has established itself as a premier manufacturer of vibration control products, catering to various industries such as automotive, infrastructure, and industrial machinery. The company's viscoelastic dampers are recognized for their superior performance in energy absorption and vibration mitigation, making them essential components in enhancing the structural integrity of buildings and infrastructure, especially in seismic regions.

Viscoelastic Dampers Market Companies

Major players operating in the viscoelastic dampers industry are:

Taylor Devices, Inc.
Sumitomo Riko Company Limited
Maurer SE
FIP Industriale
Freyssinet
Kawakin Holdings Group
Trelleborg AB

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

Viscoelastic dampers industry size recorded USD 2.5 billion in 2023 and will exhibit 10% CAGR from 2024 to 2032, attributed to the increasing need for effective seismic protection and vibration control in buildings and infrastructure.

The polymer-based segment will exceed USD 4 billion by 2032 due to their excellent vibration and seismic control, with high energy dissipation and durability.

North America viscoelastic dampers industry size will reach USD 2 billion by 2032, fueled by advanced infrastructure and stringent building codes that mandate high standards for seismic and vibration control.

Major firms operating in the viscoelastic dampers industry are Taylor Devices, Inc., Sumitomo Riko Company Limited, Maurer SE, FIP Industriale, Freyssinet, Kawakin Holdings Group, and Trelleborg AB, among others.