Product ID: SQMIG25A2132
Report ID:
SQMIG25A2132 |
Region:
Global |
Published Date: March, 2024
Pages:
223
|
Tables:
87 |
Figures:
76
Asia Pacific emerged as the dominant region in the automotive noise, vibration, and harshness (NVH) materials industry. The region's robust economic growth, particularly in emerging economies like India, China, and Indonesia, has contributed to the expansion of the automotive industry. The increasing population and improving living standards have fueled the demand for vehicles with enhanced ride quality, comfort, safety, and customization, driven by growing disposable incomes. These factors have collectively accelerated the growth of automotive NVH materials in the Asia Pacific region. Moreover, the ongoing trend of rural-to-urban migration, accompanied by higher earnings and changing lifestyles, has further intensified the demand for passenger cars, consequently propelling the need for automotive NVH materials.
North American region to witness substantial growth in the market over the forecast period. The presence of key domestic manufacturers and the implementation of stringent regulations pertaining to vehicle fuel economy are significant drivers for industry growth. Furthermore, the abundant availability of raw materials such as engineering plastics and rubber in the region is expected to positively influence the demand for automotive NVH materials during the forecast period.
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Product ID: SQMIG25A2132