LONDON--(BUSINESS WIRE)--The automotive NVH materials market size is expected to post a CAGR of close to 7% during 2019-2023, according to the latest market research report by Technavio. Request a free sample report
The increasing stringency of government regulations on noise reduction is one of the significant automotive NVH materials market growth drivers. Many countries are implementing laws and regulations to limit noise pollution. Most of the regulations are entailed in limiting the noise levels of automobiles. As a result, automobile manufacturers are under high pressure to offer high-quality and durable NVH materials. For instance, the European Union (EU) has regulated the maximum permissible noise limit for automobiles based on the overall weight and engine power of vehicles.
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As per Technavio, the growing emphasis on the reduction of NVH levels will have a positive impact on market growth over the forecast period. This research report also analyzes other important trends and market drivers that will influence market growth over 2019-2023.
Automotive NVH Materials Market: Growing emphasis on reduction of NVH levels
Emerging consumer needs, expectations, and changing market dynamics have been determining modern vehicle designs. The consumers have now started giving more preference to vehicle design, handling, safety, and comfort over fuel economy or cost of maintenance. In addition to the powertrain, safety, and comfort; NVH levels also play a critical role in determining the consumer experience.
“Apart from the growing emphasis on the reduction of NVH levels, other factors such as new developments in the braking technology and the increasing focus of vendors on product development will have a significant impact on the automotive NVH materials market growth during the forecast period,” says a senior analyst at Technavio.
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Automotive NVH Materials Market: Segmentation Analysis
This market research report segments the automotive NVH materials market by application (floor module, cockpit module, trunk module, and wheel arches), product (polyurethane, mixed textile fiber, and fiberglass) and geographical regions (APAC, EMEA, and the Americas).
APAC led the market in 2018, followed by the Americas and EMEA. The growth of the automotive NVH materials market share in APAC can be attributed to factors such as the expanding population, rising disposable income, improving standards of living, and increasing automobile production, majorly passenger and commercial vehicles.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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