Automotive Noise, Vibration & Harshness Materials Market Outlook & Forecast
Posted by Neha Bora on March 13th, 2020
San Francisco, 13 March 2020: The Report Automotive Noise, Vibration & Harshness (NVH) Materials Market Analysis By Product (Molded Rubber, Metal, Foam & Film Laminates, Molded Foam, Engineering Resins) By Application (Absorption), By End-use, & Segment Forecasts, 2018 – 2025
The global automotive noise, vibration & harshness (NVH) materials market is expected to reach USD 13.09 billion by 2025, according to a new report by Grand View Research, Inc. Globally increasing automobile production has been a major factor driving market growth. In addition, growing awareness regarding the advantages of NVH reduction and acoustic management in vehicles has led to the increased utilization of NVH materials in automobiles.
The use of noise & vibration absorbing and damping products in automobiles help improve the overall ride quality, comfort, performance, and safety of the vehicle. The increasing automobile production across the globe acts as the major driver for the industry growth. In addition, the shifting consumer preferences towards comfort, and ride experience in passenger cars is expected to propel the demand for the product over the coming years.
Foam laminates were the largest product category in 2015 and is expected to maintain a relatively high growth rate over the forecast period. The molded foam product category is expected to witness relatively low growth of 3.8% over the coming years, owing to its limited application scope in vehicles.
NVH materials in HCVs are expected to observe the fastest growth over the next nine years at an estimated CAGR of over 6% from 2016 to 2025. The increasing use of heavy-duty trucks in the logistics & transportation industry, for the transportation of heavy commodities over medium and long distances, propels the demand for HCVs. In addition, the presence of stringent regulations concerning vehicle safety, in terms of vehicle weight and safety standards, is expected to boost the demand for light-weight products in HCVs over the forecast period.
Further key findings from the report suggest:
Access Research Report of Automotive Noise, Vibration & Harshness Materials Market @ https://www.grandviewresearch.com/industry-analysis/automotive-nvh-materials-market
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About the AuthorNeha Bora
Joined: September 16th, 2019
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