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Global Automotive NVH Materials Market 2019-2023| Growing Emphasis on Reduction of NVH Levels to Augment Growth| Technavio

January 6, 2019

LONDON--(BUSINESS WIRE)--Jan 6, 2019--The global automotive NVH materials market is expected to post a CAGR of nearly 7% during the period 2019-2023, according to the latest market research report by .

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Technavio predicts the global automotive NVH materials market is expected to post a CAGR of nearly 7% by 2023. (Graphic: Business Wire)

A key factor driving the growth of the market is the increasing stringency of government regulations on noise reduction. Several countries are implementing laws and regulations to ensure noise pollution owing to the rising focus to reduce the noise levels in the environment. Thus, compliance with such regulations pertaining to limiting the noise levels of automobiles exerts intense pressure on automobile manufacturers to employ high-quality and durable NVH materials. For example, the European Union (EU) has regulated the maximum permissible noise limit for automobiles based on the overall weight and engine power of the vehicles.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the growing emphasis on reduction of NVH levels as one of the key emerging trends in the global automotive NVH materials market:

Global automotive NVH materials market: Growing emphasis on reduction of NVH levels

Emerging consumer needs, expectations, and changing market dynamics determine the 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.

“A decade ago, consumers paid little attention to the noise level generated by the powertrain components while traveling on the road. However, consumers today are looking for smoother and quieter vehicles that generate minimal noise. NVH levels have been one of the most crucial and challenging aspects of vehicle design and require significant investment as well. Factors such as type, quality of material selected, design specifications, process implemented, and wire harnessing play a crucial role in determining the NVH levels,” says a senior analyst at Technavio for research on automotive components.

Global automotive NVH materials market: Segmentation analysis

This market research report segments the global 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).

The floor module segment held the largest market share in 2018, accounting for nearly 25% of the market. This application segment is expected to dominate the global market throughout the forecast period.

APAC led the market in 2018 with a market share of nearly 51%. This region is expected to dominate the market through 2023, with over 1% increase in its market share.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20190106005070/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING AUTOMOTIVE MANUFACTURING RETAIL RESEARCH OTHER RETAIL SCIENCE

SOURCE: Technavio Research

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