Mechanical vibration monitoring often requires high sampling rates and generates large data volumes, posing challenges for storage, transmission, and power efficiency. Compressive Sensing (CS) offers a promising approach to overcome these constraints by exploiting signal sparsity to enable sub-Nyquist acquisition and efficient reconstruction. This study presents a comprehensive comparative analysis of the key components of the CS framework: sparse basis, measurement matrix, and reconstruction algorithm for machinery vibration signals. In addition, a hardware-efficient measurement matrix, the Wang matrix, originally developed for image compression, is introduced and evaluated for the first time in this context. Experimental assessment using the HUMS2023 and the CETIM gearbox datasets demonstrates that this matrix achieves superior reconstruction quality, with higher SNR, compared to conventional Gaussian and Bernoulli matrices, especially at high compression ratios.