Machine Mounts Market Poised to Expand at 5.3% CAGR During 2017-2027
Posted by Divakar on March 20th, 2018
Leveling mounts to maintain dominant market position in the coming years
Machine mounts makes leveling machinery and equipment easy, also reducing noise and vibration in the process. The global machine mounts market comprises three main types of machine mounts, which include anti-vibration mounts, sandwich mounts, and leveling mounts. Anti-vibration mounts mainly work in reducing the vibration that passes to the foundation and ground. These are commonly used in drilling machines, lathe machines etc. Sandwich mounts also works as a vibration isolator. Leveling mounts are pads or feet designed to look like discs with varying shapes, which have an additional feature of setting the level of the machine, and help in achieving accurate results. Given its multi-functional properties it is the most widely used product. According to the market analysis, leveling mounts machine type is projected to reach a market value of US$ 1,200 Mn by the end of 2027, growing at a CAGR of 5.9% during the forecast period. Anti-vibration mounts is also expected to gain traction in the coming years and witness growth at a CAGR of 5.0% during the forecast period, giving tough competition to leveling mounts.
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New innovative technologies to create substantial opportunities for manufacturers dealing with machine mount products
End user industries are more inclined towards the use of innovative technologies in their products. There is also a growing impact of automation on the global machine mounts market. This is a result of increasing number of oil and gas industries across the globe. Similar demands are expected to arise from every sector in the foreseen future. This has given an exceptional boost to the demand for machine mount products. Manufacturers are experimenting on integration of isolation rubber pads infused in machine mounts. The growth is also a result of increase in awareness among people regarding the safety and leveling of machine tools across the world.
Another important aspect of automation growth is the Internet of things (IoT) that has been introduced to the industrial sector as well. IoT is being used in the industrial machinery industry for easy operation of the machines, controlling machine movement during the metal working process. For instance, CNC machines have reduced human interaction and have removed the need for manual work to make complicated mathematical calculations required to produce shapes with accuracy and high complexity. However, these advanced machineries require machine leveling and vibration pads to isolate vibration and ensure their effective working.
Global trade policies is a crucial factor driving as well as restricting revenue growth of the machine mounts market in various regions
Many regions depend on trade for improving their economic growth. As these regions become manufacturing hubs, they also look for ways to improve their exports in order to maximize profits. Foreign trade has high influence on several countries in the region wherein manufacturing, construction, tourism, agriculture are major contributors to the GDP. Latin America is one of the largest trade partners of North America due to its demographic preference and trade agreements among countries. In the recent past, regional governments have opened doors for investors from other countries and this can highly influence the sales of machine mounts and thereby implement market growth. However some regions still follow strict rules including imposition of VAT, which may hinder the trade of machine mount products.
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About the AuthorDivakar
Joined: January 23rd, 2017
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