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

Market Overview

• Recent Growth: The automotive noise insulation parts market has experienced robust growth, increasing from $6.98 billion in 2023 to $7.41 billion in 2024, with a compound annual growth rate (CAGR) of 6.2%.
• Drivers of Growth: Key factors contributing to this expansion include:
  • Regulatory Compliance: Stringent regulations on noise pollution.
  • Consumer Demand: Increased focus on cabin comfort.
  • Material Science Advancements: Innovations in materials for better insulation.
  • Technological Integration: Adoption of new technologies in manufacturing.
  • Automotive Industry Growth: Overall growth in vehicle production.
  • Cost Efficiency and Environmental Concerns: Efficient production methods and eco-friendly materials.

Future Projections

• Continued Expansion: The market is projected to grow to $9.46 billion by 2028, at a CAGR of 6.3%.
• Key Growth Factors:
  • Electric Vehicle (EV) Expansion: EVs require advanced noise insulation for a quieter cabin.
  • ADAS Implementation: Increased integration of advanced driver-assistance systems.
  • Urbanization: Growing urban populations driving demand for quieter vehicles.
  • Global Economic Conditions: Economic stability supporting automotive sales.
  • Material Innovations: New materials offering better noise reduction.
  • Supply Chain Optimization: Enhanced efficiency in production and distribution.
  • Digital Transformation: Adoption of digital tools in design and manufacturing.

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Electric Vehicles (EVs) Driving Market Growth

• EV Demand Surge: Electric vehicles are increasingly popular, with sales growing significantly due to environmental awareness and technological advancements.
  • Noise Reduction Needs: EVs require specialized noise insulation to minimize cabin noise, contributing to market growth.
  • Sustainability Goals: Companies are aligning noise insulation improvements with broader sustainability efforts.
  • Recent Statistics: In 2023, electric car sales surged by 35%, with EVs making up 18% of all vehicle sales, up from 14% in 2022.

Industry Leaders and Innovations

• Leading Companies: The market features key players such as General Motors, BASF SE, Continental AG, and 3M Company, among others.
• Technological Advances:
  • Sound-Damping Materials: Companies are developing new materials and methods for noise reduction, especially for EVs.
  • Autoneum’s Innovations: Autoneum Holding AG has expanded its range of polyethylene terephthalate (PET) and foam-based sound insulation technologies, specifically targeting electric vehicles.

Strategic Acquisitions

• Autoneum’s Acquisition of Borgers AG: In April 2023, Autoneum acquired Borgers Automotive Group, enhancing its leadership in sustainable acoustic and thermal management. This acquisition broadens Autoneum’s product range, particularly in textile acoustics and insulation.

Market Segmentation

• Product Types: The market is segmented by various types of insulators:
  • Dash, Hood, Floor, Door, and Roof Insulators.
• Materials Used: Insulators are made from:
  • Fiberglass, Foam, Rubber, and Polypropylene.
• Applications: The market serves:
  • Passenger Cars and Commercial Vehicles.
• Regional Focus: Asia-Pacific was the largest region in the automotive noise insulation parts market in 2023.

Conclusion

The automotive noise insulation parts market is poised for continued growth, driven by advancements in electric vehicles, technological innovations, and strategic industry moves. As companies focus on sustainability and efficiency, the market will likely see further developments in smart insulation, biodegradable materials, and advanced manufacturing technologies like 3D printing and augmented reality. With Asia-Pacific leading the charge, this sector will play a crucial role in shaping the future of automotive comfort and environmental impact.

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 The Automotive Noise Insulation Parts Global Market Report 2024  provides an overview of the automotive noise insulation parts market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive noise insulation parts market forecast analyzes automotive noise insulation parts market size, automotive noise insulation parts market share, leading competitor and their market positions.

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