Portland, OR, Feb. 17, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global noise, vibration, and harshness (NVH) material market was estimated at $12.5 billion in 2021 and is expected to hit $21.4 billion by 2031, registering a CAGR of 5.7% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $12.5 Billion |
| Market Size in 2031 | $21.4 Billion |
| CAGR | 5.7% |
| No. of Pages in Report | 300 |
| Segments Covered | Material, Application, End-Use Industry and Region. |
| Drivers | Increase demand for NVH in electrical vehicles |
| Growing demand for NVH material in elevators | |
| Restraints | Using active noise control system in vehicles |
| Opportunities | Rise use of NVH material in sports, leisure and gym equipment |
Covid-19 scenario-
- The COVID-19 pandemic had a detrimental effect on crucial sectors of the noise, vibration, and harshness (NVH) industry, including passenger cars, commercial vehicles, and heavy trucks.
- Automotive, transportation, and logistics of noise, vibration, and harshness material were among the industries affected by the supply chain disruption and economic recession. The lockdown decreased the demand for NVH products in vehicles and buses used in the healthcare and tourism industries.
The global noise, vibration, and harshness (NVH) material market is analyzed across material, application, end-use industry, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
By material, the thermoplastic polymer segment held the largest share in 2021, garnering more than two-fifths of the global noise, vibration, and harshness (NVH) material market revenue, and is projected to maintain its dominance by 2031. The engineering resins segment, on the other hand, would showcase the fastest CAGR of 6.1% during the forecast period.
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By application, the absorption segment contributed to nearly one-fifth of the global noise, vibration, and harshness (NVH) material market share in 2021 and is projected to rule the roost by 2031. The damping segment, on the other hand, would display the fastest CAGR of 5.9% throughout the forecast period.
By end-use industry, the automotive segment accounted for the highest share in 2021, generating around half of the global noise, vibration, and harshness (NVH) material market revenue. The consumer goods segment, simultaneously, would portray the fastest CAGR of 6.1% during the forecast period. The aerospace and power tools segments are also analyzed through the report.
By region, Asia-Pacific held the major share in 2021, garnering more than two-thirds of the global noise, vibration, and harshness (NVH) material market revenue. The same region would also showcase the fastest CAGR of 5.9% from 2022 to 2031. The other provinces assessed through the report include North America, Europe, and LAMEA.
The key market players analyzed in the global construction fabrics market report include 3M, BASF SE, Borgers SE & Co. KGaA, Dow, Eagle Industries, Inc., Henkel Corporation, Huntsman International LLC., NITTO DENKO CORPORATION, Roush Enterprises, and Sumitomo Riko Company Limited. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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