Global MR Damper Market Size was $109.37 million in 2023

Global MR Damper Market Overview

According to Global Market Monitor, the global MR damper market size was $109.37 million in 2023 with a CAGR of 17.88% from 2023 to 2029.A magnetorheological damper or magnetorheological shock absorber is a damper filled with magnetorheological fluid, which is controlled by a magnetic field, usually using an electromagnet. 

Market Trends

As an important part of intelligent materials, the research and application of magnetorheological fluids have been greatly concerned by researchers all over the world in recent years, and countries have invested a lot of financial and material resources to seize the opportunities. The magnetorheological damper is one of the important application fields of magnetorheological fluid. It can have certain application value in the fields of automobile manufacturing, measurement technology, and machining through high-precision control of damping force characteristics. Traditional dampers on automobiles, magnetorheological dampers have a faster response speed and a larger range of damping variations, which can adjust their suspension characteristics at a frequency of 1000 times per second.

Market Segment

Various dampers have been used in aerospace, military, gun, and automotive industries to reduce energy dissipation. Nowadays, people have begun to gradually transfer these technologies to construction, bridges, railways, and other projects, and their development is very rapid. Base isolation, various damper energy absorption, energy consumption systems, mass resonance damping systems on the roof of high-rise buildings, and active control damping systems have all gone to engineering practice. Some have become protective measures to reduce vibration. Especially for the earthquakes that are difficult to predict, and the multi-dimensional vibrations whose destruction mechanism is not very clear, the protection system of these structures becomes more important. The development of these applications provides growth opportunities for the MR damper market.

By Type	Mono Tube
	Twin Tube
	Double-ended MR Damper
	Others
	The Mono tube segment contributes the largest market share.
By Segment	Automotive
	Aerospace
	Mechanical Engineering
	Others
	The automotive segment occupies the biggest share.

For more industry information, please refer to our latest released "Global and Europe MR Damper Market Professional Survey Report 2019".