Global Automotive Noise, Vibration, And Harness (NVH) Materials Market Size By Material Type, By Component Type, By Application, By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Automotive Noise, Vibration, And Harness (NVH) Materials Market Size By Material Type, By Component Type, By Application, By Geographic Scope And Forecast
Automotive Noise, Vibration, And Harness (NVH) Materials Market Size And Forecast
Automotive Noise, Vibration, And Harness (NVH) Materials Market size was valued at USD 9.11 Billion in 2023 and is projected to reach USD 14.61 Billion by 2030, growing at a CAGR of 5.4% during the forecast period 2024-2030.
Global Automotive Noise, Vibration, And Harness (NVH) Materials Market Drivers
The market drivers for the Automotive Noise, Vibration, And Harness (NVH) Materials Market can be influenced by various factors. These may include
- Stringent lawsIncreasing laws related to vehicle noise and pollution boost the market for NVH materials as automakers attempt to fulfill regulatory standards.
- Customer Demand for Quieter VehiclesAutomakers have invested in NVH materials to lower noise, vibration, and harshness levels in vehicles in response to consumer desires for a more comfortable and silent driving experience.
- Increasing Automotive manufactureThe need for NVH materials is influenced by the industry’s general growth, which includes the manufacture of hybrid, electric, and internal combustion engine (ICE) vehicles.
- Technological DevelopmentsAs automakers look for more efficient solutions, ongoing developments in NVH material technologies, such as the creation of lightweight and high-performance materials, can propel market expansion.
- Increasing Focus on Electric Vehicles (EVs)NVH material makers have the opportunity to develop specific solutions for EV applications as a result of the shift towards electric vehicles, which often have different NVH characteristics than regular vehicles.
- Global Urbanization TrendsReducing noise pollution in urban contexts is becoming more and more important as urbanization grows. The usage of NVH materials in cars to reduce noise is encouraged by this trend.
- Increased Vehicle CustomizationAutomakers may use NVH materials in response to consumer demand for features that may be added to their vehicles, such as options for noise reduction.
- Partnerships and CollaborationsTo create novel solutions and enhance overall vehicle performance, automakers and NVH material suppliers work together to expand the market.
- Emphasis on LightweightingIn order to preserve or enhance overall vehicle weight and performance, the automotive industry’s lightweighting initiatives, which are fueled by the desire to reduce emissions and use less fuel, might influence the selection of NVH materials.
- Global Economic TrendsThe automobile industry can be impacted by economic factors that affect the demand for NVH materials, including as GDP growth, levels of disposable income, and general economic stability.
Global Automotive Noise, Vibration, And Harness (NVH) Materials Market Restraints
Several factors can act as restraints or challenges for the Automotive Noise, Vibration, And Harness (NVH) Materials Market. These may include
- Costs and AffordabilityThe price of sophisticated NVH materials may be a barrier to their widespread use. Widespread adoption may be hampered if the price is much greater than that of conventional materials, particularly in price-sensitive markets.
- Regulatory ComplianceThe car industry may have difficulties in adhering to strict laws concerning safety standards and pollution. A limitation could be that manufacturers find it challenging to incorporate new NVH materials while still adhering to current regulations.
- Technical DifficultiesIt can be difficult to develop and install novel NVH materials with the necessary qualities. Achieving the ideal balance between weight, durability, and affordability may provide challenges for manufacturers.
- Disruptions in the supply chain, such as shortages of raw materials or difficulties with logistics, can have an effect on the availability of NVH materials, which can alter production schedules and result in limitations.
- Customer AcceptanceThe adoption of new NVH materials may be slowed down if customers are not open to the changes they bring about. The acceptability and preferences of consumers are critical factors in any innovation’s success in the automotive sector.
- Global Economic ConditionsEconomic downturns or uncertainties can damage the automobile sector, leading to reduced investments in research and development and a slower pace of adoption of new technologies, including NVH materials.
- Integration DifficultiesIt could be difficult to incorporate novel NVH materials into current vehicle designs and manufacturing procedures. Manufacturers who try to alter long-standing production techniques may encounter resistance or challenges.
- Competitive LandscapeNew entrants or innovative materials attempting to achieve market share may find it difficult due to the existence of well-established materials and technologies in the industry. More client trust and brand recognition may belong to established players.
Global Automotive Noise, Vibration, And Harness (NVH) Materials Market Segmentation Analysis
The Global Automotive Noise, Vibration, And Harness (NVH) Materials Market is Segmented on the basis of Material Type, Component Type, Application, and Geography.
Automotive Noise, Vibration, And Harness (NVH) Materials Market, By Material Type
- RubberRubber materials are commonly used for their elasticity and ability to absorb vibrations and noise.
- FoamFoam materials provide insulation and damping properties, reducing noise and vibration in automotive applications.
- FibersVarious fibers, such as natural or synthetic materials, are used for their sound-absorbing and insulating characteristics.
- PlasticsCertain types of plastics contribute to both insulation and damping functions in NVH applications.
- MetalsSome metal materials are utilized for their stiffness and ability to dampen vibrations in specific automotive components.
Automotive Noise, Vibration, And Harness (NVH) Materials Market, By Component Type
- Noise InsulationMaterials designed to minimize the transmission of noise, ensuring a quieter interior in vehicles.
- Vibration DampingComponents aimed at reducing or absorbing vibrations, enhancing ride comfort and reducing noise.
- Heat ShieldingMaterials that provide thermal insulation, protecting automotive components from excessive heat.
- OthersAdditional components that may contribute to NVH control in specific applications.
Automotive Noise, Vibration, And Harness (NVH) Materials Market, By Application
- Engine EncapsulationMaterials applied to enclose and isolate the engine, reducing noise and vibration transmission.
- Floor InsulationComponents placed in the vehicle’s floor area to dampen vibrations and reduce noise.
- Headliner/TrimMaterials integrated into the headliner and trim to enhance interior acoustic comfort.
- Trunk PanelNVH materials used in the trunk area for sound and vibration control.
- Wheel Arch LinerComponents installed in wheel arches to minimize road noise and vibrations.
- OthersAdditional applications where NVH materials are utilized for specific purposes.
Automotive Noise, Vibration, And Harness (NVH) Materials Market, By Geography
- North AmericaMarket conditions and demand in the United States, Canada, and Mexico.
- EuropeAnalysis of the Automotive Noise, Vibration, And Harness (NVH) Materials Market in European countries.
- Asia-PacificFocusing on countries like China, India, Japan, South Korea, and others.
- Middle East and AfricaExamining market dynamics in the Middle East and African regions.
- Latin AmericaCovering market trends and developments in countries across Latin America.
Key Players
The major players in the Automotive Noise, Vibration, And Harness (NVH) Materials Market are
- 3M
- BASF SE
- Borgers SE & Co. KGaA
- Dow
- Eagle Industries, Inc.
- Henkel Corporation
- Huntsman International LLC.
- NITTO DENKO CORPORATION
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | 3M, BASF SE, Borgers SE & Co. KGaA, Dow, Eagle Industries, Inc., Henkel Corporation, Huntsman International LLC., NITTO DENKO CORPORATION. |
SEGMENTS COVERED | By Material Type, By Component Type, By Application, and By Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope. |
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