The latest report by IMARC Group, titled “Automotive NVH Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, finds that the global automotive NVH materials market reached a value of US$ 11.01 Billion in 2020. Automotive noise, vibration, and harshness (NVH) materials represent tools that are utilized to minimize unwanted noise, vibrations (oscillations due to automobile mechanics), and harshness (the level of discomfort) in automobiles. These materials include various components, such as molded rubbers, metal and film laminates, molded foams, engineering resins, etc., which are used to control air and structure-borne noises. Automotive NVH materials also aid in absorbing noise and preventing it from entering the vehicle, thereby enhancing the ride quality.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Automotive NVH Materials Market Trends:
The growing sales of automobiles on account of the expanding population in developing regions are primarily driving the automotive NVH materials market across the globe. In addition to this, the implementation of stringent regulations for reducing vehicle noise levels is also augmenting the demand for NVH materials. Furthermore, several key manufacturers are developing lightweight vehicles with improved fuel efficiency, which assist in enhancing the noise and vibration quality of the cars. Additionally, the rising influence of NVH and Vehicle Refinement Levels on buying decisions, advanced NVH products with innovative technologies, and inflating income levels will continue to propel the automotive NVH materials market in the coming years. Looking forward, IMARC Group expects the global automotive NVH materials market to exhibit moderate growth during the next five years.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Key Market Segmentation:
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