PUBLISHER: The Business Research Company | PRODUCT CODE: 1539607
PUBLISHER: The Business Research Company | PRODUCT CODE: 1539607
Automotive noise insulation parts are designed components and materials used in vehicles to diminish and control undesirable sounds and vibrations. They are strategically positioned throughout the vehicle to mitigate noise originating from the engine, road, wind, and HVAC systems.
The primary categories of automotive noise insulation parts encompass dash insulation, hood insulation, floor insulation, door insulation, and roof insulation. Dash insulators, situated beneath the dashboard, serve to diminish noise and vibration from the engine and road, thereby improving cabin comfort and reducing driver distraction. Materials commonly used include fiberglass, foam, rubber, and polypropylene, tailored for various applications in passenger cars and commercial vehicles.
The automotive noise insulation parts market research report is one of a series of new reports from the business research company that provides automotive noise insulation parts market statistics, including automotive noise insulation parts industry global market size, regional shares, competitors with an automotive noise insulation parts market share, detailed automotive noise insulation parts market segments, market trends and opportunities, and any further data you may need to thrive in the automotive noise insulation parts industry. This automotive noise insulation parts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive noise insulation parts market size has grown strongly in recent years. It will grow from $6.98 billion in 2023 to $7.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The increase during the historical period can be ascribed to adherence to regulations, rising consumer demand, advancements in material science, integration of technology, growth in the automotive industry, cost-effectiveness, and environmental concerns.
The automotive noise insulation parts market size is expected to see strong growth in the next few years. It will grow to $9.46 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The rise projected for the forecast period can be attributed to the expansion of electric vehicles, adoption of advanced driver-assistance systems (ADAS), trends toward urbanization, global economic conditions, innovations in materials, optimization of supply chains, and digital transformation. Key trends expected in the forecast period include smart insulation, development of biodegradable materials, growth of 3D printing, use of augmented reality (AR) in design processes, predictive maintenance, improvements in energy efficiency, and innovative design approaches.
The automotive noise insulation parts market is poised for growth, driven by the increasing demand for electric vehicles (EVs). EVs, powered by electricity stored in batteries or other energy storage devices, are gaining popularity due to growing environmental consciousness and advancements in battery technology. To improve cabin comfort and meet sustainability targets, EV manufacturers are integrating advanced noise insulation parts into their vehicles. For instance, a report by the International Energy Agency (IEA) in April 2024 highlighted a substantial 35% year-on-year increase in electric car sales in 2023, totaling 3.5 million units. Electric cars accounted for 18% of all vehicle sales, up from 14% in 2022, underscoring the significant rise in EV demand that is propelling the automotive noise insulation parts market.
Key players in the automotive noise insulation parts market are focusing on innovative technologies such as sound-damping materials. These technologies effectively reduce noise and vibrations in automotive applications by absorbing sound energy and minimizing noise transmission. Autoneum Holding AG, for example, expanded its portfolio of sound insulation technologies in June 2022 to include Hybrid-Acoustics FLEX and Fit FLEX, specifically designed for EVs. These solutions are available globally, offering superior acoustic performance and supporting zero waste production practices. They contribute to enhanced comfort by effectively reducing noise emitted by critical components such as e-motors, inverters, and gearboxes.
In April 2023, Autoneum Holding AG, a Switzerland-based manufacturer specializing in vehicle acoustic and thermal insulation, completed the acquisition of Borgers Automotive Group for an undisclosed sum. This strategic acquisition is aimed at bolstering Autoneum's global leadership in sustainable vehicle acoustic and thermal management. By integrating Borgers Automotive Group, known for its expertise in vehicle noise insulation products, Autoneum enhances its product portfolio and expands its customer base, particularly in textile acoustics protection, insulation, and trim for vehicles.
Major companies operating in the automotive noise insulation parts market are General Motors Company, BASF SE, Continental AG, 3M Company, Faurecia S.A., Lear Corporation, Illinois Tool Works Inc. (ITW), Parker Hannifin Corporation, Toyota Boshoku Corporation, Freudenberg Group, Teijin Limited, Nitto Denko Corporation, Grupo Antolin, Hutchinson S.A., Hyosung Corporation, Autoneum Holding Ltd., Morgan Advanced Materials plc, Kasai Kogyo Co Ltd , Recticel NV, NVH Korea Inc., Lydall Inc., Suminoe Textile Co. Ltd., UGN Automotive Inc., Motus Integrated Technologies, Haartz Corporation, Hayashi Telempu Corp, JBC Technologies Inc., Eagle Industries Inc.
Asia-Pacific was the largest region in the automotive noise insulation parts market in 2023. The regions covered in the automotive noise insulation parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automotive noise insulation parts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive noise insulation parts market consists of sales of products such as wheel well liners, trunk liners, underbody shields, engine bay insulation, acoustic foam panels, firewall insulation, and carpet insulation. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Noise Insulation Parts Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive noise insulation parts market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive noise insulation parts ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive noise insulation parts market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.