Global Automotive NVH Materials Market Size, Share, Growth Analysis, By Application(Absorption and damping), By Product Type(Molded rubber, foam laminates), By End-use(Cars, LCVs and HCVs) - Industry Forecast 2024-2031

Global Automotive NVH Materials Market size was valued at USD 9.6 billion in 2022 and is poised to grow from USD 10.12 billion in 2023 to USD 15.41 billion by 2031, growing at a CAGR of 5.4% during the forecast period (2024-2031).

The increasing production and usage of large commercial vehicles across a range of industries is anticipated to propel the global expansion of automotive noise, vibration, and harshness (NVH) materials. Noise-level headaches (NVH) in cars are brought on by airborne and structure-borne disturbances, and they can impair vehicle durability and cause discomfort for passengers. To combat this, automakers use materials designed to reduce noise, vibration, and harshness (NVH), which enhances the overall quality of the ride. As a result, the automotive sector is seeing an increase in demand for these materials. In order to increase durability, decrease cabin noise, and improve fuel efficiency, automakers are placing a greater emphasis on acoustic management, vibration control, and noise reduction in both passenger and commercial vehicles. Furthermore, shifting customer tastes should propel industry expansion even more.

Increased car manufacturing is largely driven by the US automotive industry, which has strong automakers and makes a significant GDP contribution. The automobile industry's rapid expansion can be ascribed to rising production and technological improvements in the automotive sector. The need for NVH materials in vehicles is directly impacted by the growing demand for vehicles in emerging nations, which is driven by rapid urbanization, increased disposable incomes, and changing lifestyles. Significant increase has also been observed in the aftermarket services, which include replacement components, maintenance and repairs, customisation, and accessorization. In the near future, the demand for automotive NVH materials is anticipated to be driven by the expanding markets for soundproofing accessories and replacement vehicle parts. The expansion of NVH materials in the automotive sector is attributed to a number of factors, including the introduction of active noise control systems in cars to meet changing consumer demands for safety and comfort and the evolution of regulatory frameworks. The suppliers of raw materials, manufacturers, distributors, converters, and end users make up the value chain of the automobile NVH materials industry. In the business, converters are crucial because they create finished goods like molded rubber components and foam laminates. Industry participants can either provide NVH goods to independent dealers or offer them straight to customers under their own brands.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Automotive NVH Materials Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Automotive NVH Materials Market Segmental Analysis

Worldwide Automotive NVH Materials By application, product type, end-use, and geography, the market is divided. The market is divided into two segments based on application: damping and absorption. The market can be divided into segments according to the kind of product, such as molded rubber, foam laminates, film laminates, and others. Cars, LCVs, and HCVs are the three market segments that can be separated based on end use. The market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America based on geographic factors.

Drivers of the Global Automotive NVH Materials Market

The market for automotive noise, vibration, and harshness (NVH) materials is largely driven by consumers' growing desire for cars that offer improved ride quality, comfort, safety, and customizability. NVH materials, which lessen noise, vibration, and harshness in cars, are in greater demand as consumers' disposable incomes rise and their expectations change to include a better driving experience.

Restraints in the Global Automotive NVH Materials Market

The strict regulatory requirements in the automobile industry are a significant hindrance to the global market for automotive NVH materials. Regulations concerning fuel efficiency, vehicle emissions, and safety requirements might provide difficulties for suppliers and manufacturers of NVH materials. For the industry, meeting these legal requirements without sacrificing performance or cost-effectiveness can be very difficult.

Market Trends of the Global Automotive NVH Materials Market

The increasing emphasis on lightweight materials for NVH reduction is a significant industry trend in the global automotive NVH materials market. Lightweight NVH materials are in greater demand as the automotive industry places a greater emphasis on sustainability and fuel economy. These materials can efficiently reduce noise and vibrations without significantly increasing the weight of the vehicle. This pattern is consistent with the industry's larger move toward lightweighting and the use of cutting-edge materials to improve overall vehicle performance and comply with legal regulations.