Global Fluid Viscous Damper Market Overview
The Fluid Viscous Damper Market Size was estimated at 391.4 (USD Billion) in 2022. The Fluid Viscous Damper Industry is expected to grow from 427.69(USD Billion) in 2023 to 950.0 (USD Billion) by 2032. The Fluid Viscous Damper Market CAGR (growth rate) is expected to be around 9.27% during the forecast period (2024 - 2032).
Key Fluid Viscous Damper Market Trends Highlighted
Key market drivers propelling the growth of the Fluid Viscous Damper market include the rising demand for enhanced structural stability in buildings and infrastructure, coupled with the increasing frequency and intensity of natural disasters and extreme weather events. Moreover, advancements in damper technology and the integration of computational modeling techniques have contributed to the growing adoption of these devices in various applications.
Recent trends in the Fluid Viscous Damper market revolve around the development of highly efficient and customized dampers, tailored to specific structural design requirements. The integration of advanced materials and innovative configurations has enabled the optimization of damping performance, leading to enhanced vibration control and improved structural integrity. Additionally, the growing focus on sustainability has fostered the demand for energy-efficient dampers that minimize energy consumption during operation.Opportunities for exploration and capture in the Fluid Viscous Damper market lie in the emerging trend of smart structures and the convergence of digital technologies. The integration of sensors, data analytics, and IoT platforms into damper systems enables remote monitoring, condition-based maintenance, and predictive analytics. This fosters proactive maintenance strategies, optimizes damper performance, and extends the lifespan of structures.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Fluid Viscous Damper Market Drivers
Growing Demand for Earthquake Protection
Given the increasing frequency and rising severity of earthquakes all around the world, there is a distinct need for solutions that can provide people with seismic protection. Fluid viscous dampers, or FVDs, have been established as one of the most reliable and efficient tools for minimizing the impact of seismic vibrations on various structures. As a result, such tools have been in demand in the areas that are most likely to be affected by earthquakes. Herein lies a potent reason for the expansion of the FVD market: the increasing frequency of earthquakes and the rising interest in finding the means to protect property and save people’s lives.
Advancements in Damper Design and Technology
Constant improvements and innovations in damper design are some of the factors causing the growth of the FVD market. Enhanced fluid compositions, upgraded sealing technologies, and advanced control logic increases the damping coefficient, prolong service life, and improve reliability of FVDs. These advancements also enlarge the range of structures and applications where FVDs can be implemented.
Government Regulations and Building Codes
Stringent government regulations and building codes worldwide are mandating the implementation of seismic protection measures in new and existing structures. This regulatory push has created a strong demand for FVDs, particularly in regions with high seismic activity. As governments prioritize the safety and resilience of buildings, the adoption of FVDs is expected to increase substantially, driving the growth of the FVD market.
Fluid Viscous Damper Market Segment Insights
Fluid Viscous Damper Market Application Insights
The Fluid Viscous Damper Market is segmented into different applications, such as civil infrastructure, industrial machinery, aerospace, automotive, and energy. Among these applications, civil infrastructure holds the largest market share. In 2023, the civil infrastructure segment represented over 45% of the Fluid Viscous Damper Market revenue and is expected to reach USD 225.7 billion by 2024. The growth is attributed to the increasing investments by governments in infrastructure in general, particularly in the developing economies.The industrial machinery applications present the next largest market segment, contributing about 20% of the Fluid Viscous Damper Market revenue in 2023 and are supported by the increasing demand for industrial automation and the requirement for vibration control in heavy machinery. The aerospace applications will experience the fastest growth over the forecast, which is driven by the soaring requirements for passenger and cargo planes. The automotive applications are also expected to increase due to the growing need for vibration control in high-performance vehicles.The energy application represents the applications in power generation and transmission and will register a noticeable degree of growth on the market level due to the heavy investments in the renewable energy and the demand for vibration control in the power generation equipment. In conclusion, the Fluid Viscous Damper Market will experience positive growth during the forecast period 2023-2032. The reasons for the growth will include increasing demand from various applications, technological innovations, and government investments.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Fluid Viscous Damper Market Capacity Insights
The Fluid Viscous Damper Market is segmented by capacity into Small Capacity (less than 10 kN), Medium Capacity (10-50 kN), and Large Capacity (more than 50 kN). The Small Capacity segment is expected to account for the largest share of the market in 2023, due to its wide range of applications in small structures such as residential buildings and commercial buildings. The Medium Capacity segment is expected to grow at the highest rate during the forecast period, due to increasing demand from the construction industry for dampers that can handle larger loads.The Large Capacity segment is expected to account for a significant share of the market in 2032, due to growing demand from the infrastructure sector for dampers that can be used in large-scale projects such as bridges and stadiums.
Fluid Viscous Damper Market Damper Type Insights
The Fluid Viscous Damper Market is segmented by Damper Type into Linear Fluid Viscous Damper and Rotary Fluid Viscous Damper. The Linear Fluid Viscous Damper segment is expected to account for a larger revenue share in the Fluid Viscous Damper Market in 2023. The growth of this segment can be attributed to the increasing demand for linear fluid viscous dampers in various industries, including automotive, construction, and aerospace. Rotary Fluid Viscous Damper segment is also expected to witness significant growth in the coming years due to their wide application in industrial machinery, robotics, and medical devices.
Fluid Viscous Damper Market Fluid Type Insights
The Fluid Type segment in the Fluid Viscous Damper Market is classified into Hydraulic Fluid and Magnetoreological Fluid. The Hydraulic Fluid segment accounted for the largest market share in 2023, owing to its widespread adoption in various industries. Hydraulic Fluid offers high damping capacity, temperature stability, and resistance to wear and tear, making it suitable for applications in construction, automotive, and aerospace. However, the Magnetoreological Fluid segment is projected to grow at a higher CAGR during the forecast period, attributed to its unique properties such as tunable damping characteristics, low power consumption, and fast response time.The growing demand for Magnetoreological Fluid in vibration isolation and damping applications in industries such as manufacturing, healthcare, and transportation is driving the segment's growth.
Fluid Viscous Damper Market Regional Insights
The Fluid Viscous Damper Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest share of the market in 2023, owing to the increasing adoption of fluid viscous dampers in the region's construction industry. Europe is expected to be the second-largest market for fluid viscous dampers, followed by APAC. The APAC region is expected to witness significant growth in the fluid viscous damper market over the forecast period, due to the increasing demand for these dampers in the region's rapidly growing construction industry.South America and MEA are expected to account for a smaller share of the fluid viscous damper market, but these regions are also expected to witness growth in the coming years. The Fluid Viscous Damper Market is expected to reach a value of USD 950.0 Billion by 2032, exhibiting a CAGR of 9.27% during the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Fluid Viscous Damper Market Key Players And Competitive Insights
In order to stay competitive, the major players in the Fluid Viscous Damper Market concentrate on product innovation and development. They expand their geographical presence by opening new production plants. The prominent Fluid Viscous Damper Market players are expected to undertake the heavy investment in research development, and develop advanced and efficient Fluid Viscous Damper Market products.Tenneco is one of the key Fluid Viscous Damper Market players, present on the market. The company has a wide range of Fluid Viscous Damper Market offerings, including such brands as Monroe and Rancho. Tenneco is highly involved in innovation and possesses multiple patented technologies concerning its Fluid Viscous Damper Market portfolio. Moreover, the company has over 300 distributors and its products are sold in well over 100 countries.
KYB is the other prominent Fluid Viscous Damper Market players with a presence on the Fluid Viscous Damper Market. The company offers a wide range of Fluid Viscous Damper Market offerings, including shock absorbers, struts, and cartridges. Concerning its shock absorber business, KYB declares itself as one of the most prominent shock absorber suppliers. To increase the product’s market requirements, the company is highly concerned about the quality, which is highlighted by the fact that its products have received such awards as Toyota’s Quality Certificate and Mitsubishi’s Quality Certificate. In order to expand the product’s presence on the market, KYB has 15 production facilities in 12 different countries.
Key Companies in the Fluid Viscous Damper Market Include
- Showa Corporation
- Continental AG
- Hitachi Astemo Ltd.
- NSK Ltd.
- KYOCERA AVX Corporation
- ZF Friedrichshafen AG
- Mando Corporation
- JTEKT Corporation
- Marzocchi Pompe S.p.A.
- Tokico Inc.
- Akebono Brake Industry Co. Ltd.
- Tenneco Inc.
- AVL List GmbH
- Delphi Technologies PLC
- KYB Corporation
Fluid Viscous Damper Market Industry Developments
The Fluid Viscous Damper Market was valued at USD 427.69 billion in 2023 and is projected to grow at a CAGR of 9.27% to reach USD 950.0 billion by 2032. Increasing demand for fluid viscous dampers in various applications such as civil engineering, automotive, and aerospace industries is driving market growth. For instance, in February 2023, Moog Inc. announced the launch of its new line of fluid viscous dampers for aerospace applications, which are designed to improve aircraft stability and reduce vibration. Additionally, rising government regulations mandating the use of vibration control devices in buildings and infrastructure projects is further propelling market expansion.
Fluid Viscous Damper Market Segmentation Insights
Fluid Viscous Damper Market Application Outlook
- Civil Infrastructure
- Industrial Machinery
- Aerospace
- Automotive
- Energy
Fluid Viscous Damper Market Capacity Outlook
- Small Capacity (less than 10 kN)
- Medium Capacity (10-50 kN)
- Large Capacity (more than 50 kN)
Fluid Viscous Damper Market Damper Type Outlook
- Linear Fluid Viscous Damper
- Rotary Fluid Viscous Damper
Fluid Viscous Damper Market Fluid Type Outlook
- Hydraulic Fluid
- Magnetoreological Fluid
Fluid Viscous Damper Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Report Attribute/Metric |
Details |
Market Size 2022 |
391.4(USD Billion) |
Market Size 2023 |
427.69(USD Billion) |
Market Size 2032 |
950.0(USD Billion) |
Compound Annual Growth Rate (CAGR) |
9.27% (2024 - 2032) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Base Year |
2023 |
Market Forecast Period |
2024 - 2032 |
Historical Data |
2019 - 2023 |
Market Forecast Units |
USD Billion |
Key Companies Profiled |
Showa Corporation, Continental AG, Hitachi Astemo Ltd., NSK Ltd., KYOCERA AVX Corporation, ZF Friedrichshafen AG, Mando Corporation, JTEKT Corporation, Marzocchi Pompe S.p.A., Tokico Inc., Akebono Brake Industry Co. Ltd., Tenneco Inc., AVL List GmbH, Delphi Technologies PLC, KYB Corporation |
Segments Covered |
Application, Capacity, Damper Type, Fluid Type, Regional |
Key Market Opportunities |
1 Rising demand for earthquakeresistant structures2 Growing concerns over structural safety in disasterprone areas3 Increasing adoption in tall buildings4 Application in industrial machinery for vibration control5 Expansion of construction industry in emerging economies |
Key Market Dynamics |
Increasing construction activities growing demand for vibration control advancements in building and construction technology rising urbanization and government regulations |
Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Fluid Viscous Damper Market is anticipated to reach USD 427.69 billion in 2023.
The Fluid Viscous Damper Market is projected to grow at a CAGR of 9.27% from 2024 to 2032.
The Fluid Viscous Damper Market is expected to reach USD 950.0 billion by 2032.
North America is expected to hold the largest market share in the Fluid Viscous Damper Market by 2032.
Key applications of Fluid Viscous Dampers include structural vibration control, seismic protection, and wind engineering.
Key competitors in the Fluid Viscous Damper Market include Taylor Devices, Inc., Moog Inc., and Lord Corporation.
Major factors driving the growth of the Fluid Viscous Damper Market include increasing demand for structural vibration control and seismic protection, and rising awareness of the benefits of Fluid Viscous Dampers.
Challenges faced by the Fluid Viscous Damper Market include high manufacturing costs and competition from other vibration control technologies.
Opportunities for growth in the Fluid Viscous Damper Market include expanding applications in new industries and increasing demand for customized solutions.
Key trends in the Fluid Viscous Damper Market include the development of smart Fluid Viscous Dampers and the increasing use of simulation and modeling tools.