Report ID: SQMIG25A2132
Report ID:
SQMIG25A2132 |
Region:
Global |
Published Date: March, 2024
Pages:
223
|
Tables:
87 |
Figures:
76
Asia Pacific leads the global automotive NVH materials market due to its booming automotive manufacturing sector, high vehicle production volumes, and substantial demand for passenger and commercial vehicles in countries like China, Japan, and India. Urbanization in the region is increasing at an impressive rate. As a result, there is a rise in population disposable incomes which in turn fuels the demand of consumers seeking better comfort and low noise levels in the vehicles. In addition to this, Asia Pacific is a center of electric vehicles production where there is a need for noise and vibration attenuation owing to excess road as well as wind noise. In addition, the automotive sector in the region is further reinforced by friendly government policies that enhance the automotive development in the region, impacting the global automotive NVH materials market forecast positively. That coupled with domestic manufacturing’s commitment to developing state-of-the-art NVH technology making Asia Pacific region a leader in this market.
North America is the fastest-growing region in the global automotive NVH materials market due to strong consumer demand for high-performance vehicles with superior comfort and noise reduction. The popularity growth of electric cars and luxury cars has upped the demand for advanced levels of NVH control to quiet the noise and enhance the control of vibrations in vehicle cabins. On top of that, strict regulations on noise emissions, especially in cities, compel vehicle manufacturers to use better NVH materials. In addition, the Affordable care structures within the region with the focus on vehicle modernization and heavy research development funding allocated to lightweight and eco-friendly NVH materials market expansion. All these also have an enabling economy as there is a growing automobile market and a change in consumer tastes to more luxurious experiences.
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Report ID: SQMIG25A2132