Automotive NVH Materials Market Share, Growth and Future Scope

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Automotive Noise, Vibration, and Harshness
(NVH) Latest Rage in Automotive Industry
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In recent times, automobile weight reduction has
become a major issue in the automotive industry.
Lightweight vehicles exhibit less brake and tire
wear, produce less emissions, and save energy.
Moreover, these vehicles assist in controlling
the noise, vibration, and harshness (NVH) levels
and have improved fuel economy. According to a
2015 research study conducted by Ottawa-
Carleton Institute of Mechanical and Aerospace
Engineering Carleton University, an automobile
mass reduction of around 15 reduces the fuel
consumption by as much as 10. Besides the
aforementioned factors, the burgeoning
requirement for vehicles across the globe, on
account of the soaring disposable income of
people, changing lifestyles of people, and rapid
urbanization, is also fueling the adoption of
noise control systems in vehicles. Moreover, with
the surging manufacturing of vehicles, the sales
of NVH products are rising as people prefer
buying automobiles that are lightweight,
environment-friendly, and comfortable. For
example, nearly 88 million vehicles were sold
across the globe in 2016. Get the sample pages
of this report https//www.psmarketresearch.com/
market-analysis/automotive-nvh-
materials-market/report-sample Automobile sales
grew by 4.8 all over the world from 2015 to
2016. Furthermore, as many as 17.5 million
lightweight vehicles were sold in the U.S. in
2016. Due to these factors, the demand for NVH
products is growing rapidly. This is propelling
the growth of the global automotive NVH materials
market. The market value is predicted to rise
from 7,579.8 million in 2017 to 11,467.5
million by 2023. Furthermore, the market is
predicted to progress at a CAGR of 7.2 between
2018 and 2023. When type is taken into
consideration, the automotive NVH materials
market is classified into foam, rubber, metal
sheet, polyvinyl chloride (PVC), felt, and cork.
Out of these, the rubber category recorded the
highest growth in the market in the past years.
This was because rubber provides vibration
damping and noise absorption, due to its unique
characteristics such as high consistency and
density. Depending on application, the
automotive NVH materials market is classified
into insulation, vibration damping, and sound
absorption. Amongst these, the sound absorption
category is predicted to register the highest
growth in the market in the future years. This
would be because of the generation of numerous
complaints of annoying and unwanted noise from
various automobile parts across the globe.
Geographically, the market recorded the highest
growth in the Asia-Pacific (APAC) region in the
past. Browse full report at https//www.psmarket
research.com/market- analysis/automotive-nvh-mate
rials-market As per the findings of PS
Intelligence, a market research company based in
India, the high manufacturing capacity of
automobile manufacturing companies
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• in the regional countries was the prominent
  factor responsible for the growth of the market
  in the region. In addition to this, the demand
  for NVH products is predicted to shoot-up in the
  region in the upcoming years, on account of the
  low cost of labor and automobile manufacturing
  there.
• Thus, it can be safely said that the sales of NVH
  materials will soar throughout the world in the
  forthcoming years, primarily because of the
  rising deployment of lightweight vehicles in
  various countries.
• GLOBAL AUTOMOTIVE NVH MATERIALS MARKET
• By Type Rubber, Foam, PVC, Metal Sheet, Cork,
  Felt, and Others (Fiberglass and Resins)
• By Application Sound Absorption, Insulation,
  and Vibration Damping
• By Vehicle Type Passenger Vehicles, Light
  Commercial Vehicles (LCV), and Heavy Commercial
  Vehicles (HCV)
• By Region North America, Europe, Asia-Pacific
  (APAC), Latin America (LATAM), and Middle East
  and Africa (MEA)

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