Automotive Nvh Materials Market Business Growth and Forecast, 2030
The global automotive noise, vibration & harshness (NVH) materials market size was estimated at USD 9.84 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030.
Globally, increasing production and use of heavy commercial vehicles in different end-use verticals is expected to be a key factor driving automotive noise, vibration & harshness materials growth. Noise, vibration and harshness in automobiles due to structure-borne and air-borne noises can lead to passenger discomfort and hamper vehicle durability. The use of noise, vibration & harshness reduction materials in automobiles helps reduce these NVH and improve ride quality. This has increased the demand for noise, vibration and harshness materials in the automotive industry. The growing focus of automotive manufacturers on acoustic management, vibration, harshness & noise control in passenger and commercial vehicles helps enhance the fuel economy, reduce cabin sounds, and improve durability. In addition to the aforementioned benefits of noise, vibration, and harshness materials, the changes in consumer preferences are further expected to drive industry growth.
The U.S. automotive industry contributes a substantial amount to the GDP, and the presence of robust automobile manufacturers around the country are the key driver for the increasing automobile production. The rapid growth for automotive noise, vibration & harshness reduction materials is attributed to the growing automotive sector on account of increasing production and technological advancements.
Gather more insights about the market drivers, restrains and growth of the Automotive NVH Materials Market
Automotive NVH Materials Market Report Highlights
• The global automotive NVH materials revenue surpassed USD 9.84 billion in 2022 and is expected to grow at a CAGR of 5.6 % from 2023 to 2030
• Foam laminates emerged as the largest product segment in 2022 and are estimated to generate revenue of over USD 6.87 billion by 2030. The increasing use of foam laminates for floor and door insulation in various products of the automotive industry such as passenger and commercial vehicles is anticipated to be a key driving factor for the growth of this segment
• The global demand in absorption was USD 5.93 billion in 2022 and is anticipated to witness high growth over the forecast period. Automotive noise and vibration reduction materials are used to absorb the internal and external sounds to make the car ride quiet and comfortable. The absorption of noises from internal factors primarily engine sounds and vibrations is crucial to improve overall ride quality. Car manufacturers largely use foam laminates, foam sheets, and molded foams, in the car floor, doors, overhead, and windows that help absorb the internal sounds of the vehicles
• Asia Pacific was the largest regional market in 2022. The presence of large number of companies in the region, along with low production costs and easy availability of raw materials, can be regarded as the major factor driving this trend in the industry. Moreover, the growth of the automotive industry in the region is also expected to drive the future growth of the regional market considerably over the coming years. Asia Pacific is the fastest-emerging market for automotive NVH materials, globally, projected to witness growth to the tune of nearly 6.7% during the forecast period
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
• The global automotive interior materials market size was valued at USD 60.1 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2030.
• The global automotive exterior market size was valued at USD 14.19 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2030.
Automotive NVH Materials Market Segmentation
Grand View Research has segmented the global automotive noise, vibration & harshness materials market based on product, application, end-use, and region:
Automotive NVH Materials Product Outlook (Revenue, USD Million, 2018 - 2030)
• Molded Rubber
• Metal Laminates
• Foam Laminates
• Film Laminates
• Molded Foam
• Engineering resins
Automotive NVH Materials Application Outlook (Revenue, USD Million, 2018 - 2030)
• Absorption
• Damping
Automotive NVH Materials End-Use Outlook (Revenue, USD Million, 2018 - 2030)
• Cars
• LCVs
• HCVs
Automotive NVH Materials Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
• Europe
o Germany
o U.K
• Asia Pacific
o China
o India
o Japan
• Central & South America
o Brazil
• Rest of the World
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