The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Automotive Noise, Vibration And Harshness Materials Global Market Report 2024 offers crucial insights into the automotive noise, vibration, and harshness materials market help businesses analyse and build stronger strategies.

The automotive noise, vibration, and harshness (NVH) materials market has experienced robust growth in recent years, witnessing a surge from $12.67 billion in 2023 to $13.74 billion in 2024, indicating a remarkable Compound Annual Growth Rate (CAGR) of 8.5%. This growth can be attributed to various factors, including regulatory compliance, consumer demand for quieter vehicles, global automotive production growth, government support, and expanding markets in emerging economies.

Charting the Road Ahead: Future Projections
Looking ahead, the market is poised for even more substantial growth, with projections estimating an increase to $18.85 billion in 2028, boasting a CAGR of 8.2%. Factors fueling this growth include the rise of electric vehicles (EVs), the surge in autonomous vehicles, urbanization trends, and an increase in disposable income. Notable trends in the forecast period encompass enhanced testing and measurement, integration of NVH simulation, multi-material solutions, customization for vehicle segments, and the integration of smart materials.

Surging Demand from the Electric Vehicle Sector Sparks Growth in the Automotive NVH Materials Market

Electrifying Growth: A Driving Force

The burgeoning demand from the electric vehicle sector stands out as a key driver propelling the growth of the automotive NVH materials market. These materials play a crucial role in optimizing the performance and design of electric vehicles, ensuring low noise and vibration levels, making the driving experience more comfortable and quiet.

Global Electric Vehicle Landscape

• In 2020, global electric vehicle sales reached 10 million, marking a 43% increase from the previous year.
• Europe led the charge with nearly 1.4 million new electric vehicle registrations, surpassing both China and the United States.
• This surge in electric vehicle adoption emphasizes the critical role of NVH materials in meeting consumer expectations for quieter and more comfortable rides.

Market Players in the Fray

Major companies operating in the automotive NVH materials market, such as Dow Chemical Company, 3M Company, and Sumitomo Riko Co. Ltd., are at the forefront of meeting the escalating demand driven by the electric vehicle industry.

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Technological Advancements in the Market: A Harmonious Symphony
Melody of Progress: Technological Advancements

A key trend shaping the automotive NVH materials market is technological advancement. Market players are actively developing products infused with cutting-edge technologies to fortify their positions. An example is VI-grade GmbH’s introduction of NVH Simulator 2021.0, a software solution enabling accurate sound and vibration data, empowering engineers to meet design goals, evaluate alternatives, and communicate concepts effectively.

Case in Point: Woodbridge Group’s Strategic Acquisition
In January 2022, Woodbridge Group, specializing in integrated foam solutions, acquired Hematite, a manufacturer of NVH products. This strategic move aims to enhance Woodbridge’s portfolio for new energy vehicles (NEVs) by combining Hematite’s expertise in NVH solutions with Woodbridge’s foam and chemistry capabilities.

Segmentation Insights: Decoding Market Dimensions

Type, Vehicle, Application, and End-User: A Comprehensive Breakdown

1. By Type:
   • Rubber
   • Plastic and Foam
   • Fibers
   • Other Types
2. By Vehicle:
   • Passenger Cars
   • Light Commercial Vehicles (LCV)
   • Heavy Commercial Vehicles (HCV)
3. By Application:
   • Absorber
   • Isolator
   • Damper
4. By End User:
   • Hood
   • Trunk
   • Chassis
   • Other End-Users

Regional Dominance: Asia-Pacific Takes the Lead
In 2023, Asia-Pacific emerged as the largest region in the automotive NVH materials market, underscoring the region’s significant role in driving the market’s overall growth.

Top of Form

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The Automotive Noise, Vibration And Harshness Materials Global Market Report 2024  provides a comprehensive outlook of the automotive noise, vibration, and harshness materials market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive noise, vibration, and harshness materials market forecast offers a thorough analysis on automotive noise, vibration, and harshness materials market size, automotive noise, vibration, and harshness materials market share, prominent players and their strategies.

The Table Of Content For The Automotive Noise, Vibration And Harshness Materials Market Include:
1. Automotive Noise, Vibration And Harshness Materials Market Executive Summary
2. Automotive Noise, Vibration And Harshness Materials Market Segments
3. Automotive Noise, Vibration And Harshness Materials Market Size And Automotive Noise, Vibration And Harshness Materials Market Growth Rate
4. Key Automotive Noise, Vibration And Harshness Materials Market Trends
5. Major Automotive Noise, Vibration And Harshness Materials Market Drivers
……
25. Key Mergers And Acquisitions In The Automotive Noise, Vibration And Harshness Materials Market
26. Top Automotive Noise, Vibration And Harshness Materials Companies
27. Automotive Noise, Vibration And Harshness Materials Market Opportunities And Strategies
28. Automotive Noise, Vibration And Harshness Materials Market, Conclusions And Recommendations
29. Appendix

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