Market Overview:
The global magneto-rheological dampers market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for active and semi-active dampers in automotive and industrial applications. In addition, the growing demand for magneto-rheological dampers in other applications is also contributing to the growth of this market. The global magneto-rheological dampers market can be segmented on the basis of type into active and semiactive dampers. Active damper systems are more expensive than their passive counterparts but provide superior performance by actively managing suspension movement using electromagnets.
Product Definition:
Magneto-rheological dampers are devices that use a magnetic field to control the rheology of a fluid. They can be used to control the stiffness and damping of a structure.
Active Dampers:
Active dampers are used to control the motion of a machine or system. They can be classified into two types, namely hydraulic and pneumatic active dampers. Active hydraulic dampers consist of a chamber filled with fluid which is pressurized by an external source; as soon as the pressure is lost, the liquid flows down through an orifice and produces a gentle hiss.
Semi Active Dampers:
Semi active dampers are used in the manufacturing of Magneto-Rheological (MR) dampers. These devices are widely used in various industries such as food processing, chemical processing, and oil & gas for controlling flow rates and preventative maintenance of equipment.
The MR damping technology is gaining acceptance globally on account of its ability to control vibrations or shock waves created due to rapid changes in the velocity or pressure of a fluid.
Application Insights:
The automotive application segment led the global magneto-rheological dampers market in 2017 and is projected to witness significant growth over the forecast period. The rising need for energy conservation coupled with stringent regulations regarding fuel consumption and emission is expected to drive the demand for electric vehicles, thereby augmenting product demand. In addition, increasing penetration of advanced safety features such as airbags and anti-lock braking systems in premium cars will further propel industry expansion.
Magneto-rheological (MR) fluids are used as dampers in various industrial applications including oil & gas processing, paper mills, chemical plants among others owing to their excellent properties such as non-Newtonian behavior along with low viscosity & high shear thinning rate which makes them highly suitable for use at high temperatures & pressures.
Regional Analysis:
North America is expected to be the largest market over the forecast period owing to high demand from various application industries. The U.S. and Canada are among the major manufacturing hubs of automotive, aerospace, oil & gas, consumer goods and electronics in North America region that has led to an increase in production activities resulting in a rise in demand for MRHD products across these regions.
The Asia Pacific is projected to be one of the fastest-growing markets due to increasing industrialization along with rising awareness about magneto-rheological dampers across various end-use industries such as automotive and others which will drive growth over next eight years. China was one of the leading producers as well as consumers of this product globally; however, it lost its position owing to increased production capacities by global players such as Toyota Industries Corporation (TIC), Toyota Motor Corporation (TMC) and Honda Motor Co., Ltd.
Growth Factors:
- Increasing demand for comfort and luxury in vehicles
- Growing automotive industry worldwide
- Rising disposable income of consumers
- Technological advancements in magneto-rheological dampers
- Government regulations for vehicle safety
Scope Of The Report
Report Attributes
Report Details
Report Title
Magneto-Rheological Dampers Market Research Report
By Type
Active Dampers, Semi Active Dampers
By Application
Automotive Application, Industrial Application, Others
By Companies
BWI Group, LORD Corporation, Arus MR Tech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Magneto-Rheological Dampers Market Report Segments:
The global Magneto-Rheological Dampers market is segmented on the basis of:
Types
Active Dampers, Semi Active Dampers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive Application, Industrial Application, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BWI Group
- LORD Corporation
- Arus MR Tech
Highlights of The Magneto-Rheological Dampers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Active Dampers
- Semi Active Dampers
- By Application:
- Automotive Application
- Industrial Application
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Magneto-Rheological Dampers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Magneto-Rheological Dampers are a type of damping device that use the principles of magnetism and rheology to control the motion of fluids. They are often used in industrial applications, such as oil refineries, where they help to reduce vibrations and noise.
Some of the major players in the magneto-rheological dampers market are BWI Group, LORD Corporation, Arus MR Tech.
The magneto-rheological dampers market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magneto-Rheological Dampers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Magneto-Rheological Dampers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magneto-Rheological Dampers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Magneto-Rheological Dampers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Magneto-Rheological Dampers Market Size & Forecast, 2020-2028
4.5.1 Magneto-Rheological Dampers Market Size and Y-o-Y Growth
4.5.2 Magneto-Rheological Dampers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Active Dampers
5.2.2 Semi Active Dampers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive Application
6.2.2 Industrial Application
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magneto-Rheological Dampers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Magneto-Rheological Dampers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Active Dampers
9.6.2 Semi Active Dampers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive Application
9.10.2 Industrial Application
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Active Dampers
10.6.2 Semi Active Dampers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive Application
10.10.2 Industrial Application
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Active Dampers
11.6.2 Semi Active Dampers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive Application
11.10.2 Industrial Application
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Active Dampers
12.6.2 Semi Active Dampers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive Application
12.10.2 Industrial Application
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Active Dampers
13.6.2 Semi Active Dampers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive Application
13.10.2 Industrial Application
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Magneto-Rheological Dampers Market: Competitive Dashboard
14.2 Global Magneto-Rheological Dampers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BWI Group
14.3.2 LORD Corporation
14.3.3 Arus MR Tech
