Press release
Silencing the Road: Innovations in Automotive Noise Insulation
The Business Research Company recently released a comprehensive report on the Global Automotive Noise Insulation Parts Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, the automotive noise insulation parts market size has grown strongly in recent years. It will grow from $6.98 billion in 2023 to $7.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. the growth in the historic period can be attributed to regulatory compliance, consumer demand, advancements in material science, technological integration, automotive industry growth, cost efficiency, and environmental concerns.
the automotive noise insulation parts market size is expected to see strong growth in the next few years. It will grow to $9.46 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. the growth in the forecast period can be attributed to electric vehicle expansion, advanced driver-assistance systems (ADAS), urbanization trends, global economic conditions, material innovations, supply chain optimization, and digital transformation. Major trends in the forecast period include smart insulation, biodegradable materials, 3D printing, augmented reality (AR) in design, predictive maintenance, energy efficiency, and innovative design.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/automotive-noise-insulation-parts-global-market-report
Market Drivers and Trends:
The rise in demand for electric vehicles is expected to propel the growth of the automotive noise insulation parts market going forward. Electric vehicles (EVs) refer to vehicles that are powered, either partially or fully, by electricity stored in batteries or other energy storage devices. The demand for electric vehicles is increasing due to environmental consciousness and advancements in battery technology. Electric vehicles integrate advanced noise insulation parts to enhance cabin comfort and reduce environmental impact, aligning with corporate sustainability goals and employee welfare during travel. For instance, in April 2024, according to a report published by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, electric car sales in 2023 surged by 3.5 million compared to 2022, marking a 35% year-on-year increase. Electric cars constituted approximately 18% of all vehicle sales in 2023, up from 14% in 2022. Therefore, a rise in demand for electric vehicles is driving the automotive noise insulation parts market.
Major automotive noise insulation parts market companies focus on developing advanced technologies, such as sound-damping material technologies, to enhance vehicle comfort and comply with stringent noise. Sound-damping material technologies refer to the methods and materials used to reduce noise and vibrations in various environments, particularly in automotive applications, by absorbing sound energy and minimizing noise transmission. For instance, in June 2022, Autoneum Holding AG, a Switzerland-based vehicle acoustic insulation product manufacturing company, expanded its range of polyethylene terephthalate (PET) and foam-based sound insulation technologies with Hybrid-Acoustics FLEX and Fit FLEX that cater specifically to electric vehicles (EVs). These advanced sound-damping solutions are available in Europe, North America, and China and enhance driving comfort by providing superior noise protection for electric drives. The technologies, characterized by high acoustic performance and zero waste production, are adaptable for various EV components, including e-motor encapsulations and noise reduction for inverters, gearboxes, pumps, and compressors.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=16607&type=smp
Major Key Players of the Market:
General Motors Company, BASF SE, Continental AG, 3M Company, Faurecia S.A., Lear Corporation, Illinois Tool Works Inc. (ITW), Parker Hannifin Corporation, Toyota Boshoku Corporation, Freudenberg Group, Teijin Limited, Nitto Denko Corporation, Grupo Antolin, Hutchinson S.A., Hyosung Corporation, Autoneum Holding Ltd., Morgan Advanced Materials plc, Kasai Kogyo Co Ltd , Recticel NV, NVH Korea Inc., Lydall Inc., Suminoe Textile Co. Ltd., UGN Automotive Inc., Motus Integrated Technologies, Haartz Corporation, Hayashi Telempu Corp, JBC Technologies Inc., Eagle Industries Inc.
Automotive Noise Insulation Parts Market 2024 Key Insights:
• The automotive noise insulation parts market size is expected to grow to$9.46 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
• Electric Vehicles Driving Growth In The Automotive Noise Insulation Parts Market
• Advancements In Fiber Based Noise Insulation Technologies
• Asia-Pacific was the largest region in the automotive noise insulation parts market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=16607&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
According to The Business Research Company's, the automotive noise insulation parts market size has grown strongly in recent years. It will grow from $6.98 billion in 2023 to $7.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. the growth in the historic period can be attributed to regulatory compliance, consumer demand, advancements in material science, technological integration, automotive industry growth, cost efficiency, and environmental concerns.
the automotive noise insulation parts market size is expected to see strong growth in the next few years. It will grow to $9.46 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. the growth in the forecast period can be attributed to electric vehicle expansion, advanced driver-assistance systems (ADAS), urbanization trends, global economic conditions, material innovations, supply chain optimization, and digital transformation. Major trends in the forecast period include smart insulation, biodegradable materials, 3D printing, augmented reality (AR) in design, predictive maintenance, energy efficiency, and innovative design.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/automotive-noise-insulation-parts-global-market-report
Market Drivers and Trends:
The rise in demand for electric vehicles is expected to propel the growth of the automotive noise insulation parts market going forward. Electric vehicles (EVs) refer to vehicles that are powered, either partially or fully, by electricity stored in batteries or other energy storage devices. The demand for electric vehicles is increasing due to environmental consciousness and advancements in battery technology. Electric vehicles integrate advanced noise insulation parts to enhance cabin comfort and reduce environmental impact, aligning with corporate sustainability goals and employee welfare during travel. For instance, in April 2024, according to a report published by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, electric car sales in 2023 surged by 3.5 million compared to 2022, marking a 35% year-on-year increase. Electric cars constituted approximately 18% of all vehicle sales in 2023, up from 14% in 2022. Therefore, a rise in demand for electric vehicles is driving the automotive noise insulation parts market.
Major automotive noise insulation parts market companies focus on developing advanced technologies, such as sound-damping material technologies, to enhance vehicle comfort and comply with stringent noise. Sound-damping material technologies refer to the methods and materials used to reduce noise and vibrations in various environments, particularly in automotive applications, by absorbing sound energy and minimizing noise transmission. For instance, in June 2022, Autoneum Holding AG, a Switzerland-based vehicle acoustic insulation product manufacturing company, expanded its range of polyethylene terephthalate (PET) and foam-based sound insulation technologies with Hybrid-Acoustics FLEX and Fit FLEX that cater specifically to electric vehicles (EVs). These advanced sound-damping solutions are available in Europe, North America, and China and enhance driving comfort by providing superior noise protection for electric drives. The technologies, characterized by high acoustic performance and zero waste production, are adaptable for various EV components, including e-motor encapsulations and noise reduction for inverters, gearboxes, pumps, and compressors.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=16607&type=smp
Major Key Players of the Market:
General Motors Company, BASF SE, Continental AG, 3M Company, Faurecia S.A., Lear Corporation, Illinois Tool Works Inc. (ITW), Parker Hannifin Corporation, Toyota Boshoku Corporation, Freudenberg Group, Teijin Limited, Nitto Denko Corporation, Grupo Antolin, Hutchinson S.A., Hyosung Corporation, Autoneum Holding Ltd., Morgan Advanced Materials plc, Kasai Kogyo Co Ltd , Recticel NV, NVH Korea Inc., Lydall Inc., Suminoe Textile Co. Ltd., UGN Automotive Inc., Motus Integrated Technologies, Haartz Corporation, Hayashi Telempu Corp, JBC Technologies Inc., Eagle Industries Inc.
Automotive Noise Insulation Parts Market 2024 Key Insights:
• The automotive noise insulation parts market size is expected to grow to$9.46 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
• Electric Vehicles Driving Growth In The Automotive Noise Insulation Parts Market
• Advancements In Fiber Based Noise Insulation Technologies
• Asia-Pacific was the largest region in the automotive noise insulation parts market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=16607&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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