Global Electric Vehicle NVH Material Market Growth 2024-2030

Global Electric Vehicle NVH Material Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Electric Vehicle NVH Material market size was valued at US$ 707.3 million in 2023. With growing demand in downstream market, the Electric Vehicle NVH Material is forecast to a readjusted size of US$ 1277.9 million by 2030 with a CAGR of 8.8% during review period.

The research report highlights the growth potential of the global Electric Vehicle NVH Material market. Electric Vehicle NVH Material are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Electric Vehicle NVH Material. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Electric Vehicle NVH Material market.

Automotive NVH materials, also known as noise, vibration, and harshness materials, are used to reduce unwanted noise, vibrations (oscillations due to automobile mechanics), and harshness (the level of discomfort) in automobiles. NVH materials, including molded rubbers, metal and film laminates, molded foams and engineering resins, are used to control air and structure-borne noises as well as noise generated from the interior components of the vehicles. In recent years, there has been a heightened demand for NVH materials as they absorb noise and prevent it from entering the vehicle, thereby preventing discomfort and improving the ride quality. Noise-cancellation technologies, which work by responding to the sounds around the car, is the dampening material used in EVs.

Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.

Key Features:

The report on Electric Vehicle NVH Material market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Electric Vehicle NVH Material market. It may include historical data, market segmentation by Type (e.g., Rubbers, Thermoplastic Polymers), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Electric Vehicle NVH Material market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Electric Vehicle NVH Material market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Electric Vehicle NVH Material industry. This include advancements in Electric Vehicle NVH Material technology, Electric Vehicle NVH Material new entrants, Electric Vehicle NVH Material new investment, and other innovations that are shaping the future of Electric Vehicle NVH Material.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Electric Vehicle NVH Material market. It includes factors influencing customer ' purchasing decisions, preferences for Electric Vehicle NVH Material product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Electric Vehicle NVH Material market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Electric Vehicle NVH Material market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Electric Vehicle NVH Material market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Electric Vehicle NVH Material industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Electric Vehicle NVH Material market.

Market Segmentation:

Electric Vehicle NVH Material market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Rubbers
Thermoplastic Polymers
Engineering Resins
Others

Segmentation by application
Absorption
Damping
Insulation
Sound Proofing
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Nihon Tokushu Toryo
3M
Megasorber
Henkel
Nitto Denko Corp
Second Skin Audio
FatMat Sound Control
HushMat
Soundproof Cow
GT Sound Control
Wolverine Advanced Materials
Silent Coat
JiQing TengDa

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Vehicle NVH Material market?

What factors are driving Electric Vehicle NVH Material market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Vehicle NVH Material market opportunities vary by end market size?

How does Electric Vehicle NVH Material break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.