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The mat/pads segment held a market share of over 60% in 2019 and is predicted to grow at 5.4% CAGR through 2026. Vibration isolation mats and pads are majorly used in several industrial and commercial applications owing to its excellent performance and easy installation. Additionally, these pads can efficiently control the structure-borne noise and resonant vibration. The increasing usage of these products in industrial and non-industrial sectors will drive their demand.
Residential application segment is expected to observe decent growth rate till 2026 on account of surging residential construction across the globe. The growing housing activities propelled by rising population and reducing spaces in emerging nations is the key reason influencing market demand. Further development of green housing building and government regulation for reduction of greenhouse gas emissions will increase the usage of vibration isolation products.
Residential applications will account for 20% of the market revenue share by 2026. Real estate costs are rising continuously due to the scarcity in major metropolitan areas. Owing to the cost-effective property development near railway lines, the developers are majorly constructing buildings in these areas. However, unwanted vibration caused by railways is supporting the demand for these solutions.
The commercial sector dominated the global building vibration isolation market share and is projected to continue its dominance throughout the forecast period. The demand for these systems is rapidly increasing in multiple commercial areas such as offices, gyms, hospitals, studios, clubs, etc. to block unwanted vibration caused in the place. Moreover, the emerging laws and regulations regarding noise and vibration isolation in workplaces in European countries will also enhance the adoption of these products.
Asia Pacific building vibration isolation industry is slated to grow at the highest CAGR of more than 5.8%between 2020 and 2026. The increasing adoption rate of the product in attributed to the rising awareness regarding vibration isolation solutions. Furthermore, the stringent government regulations and subsidies to promote the usage of vibration isolation is also one of the major factors driving the regional market revenue.