What is Global Automotive Soundproofing Materials Market?
The Global Automotive Soundproofing Materials Market is a vast and dynamic sector that focuses on the production and distribution of materials used to reduce noise in vehicles. These materials are essential in enhancing the comfort and overall driving experience of vehicle users. The market encompasses a wide range of products, including but not limited to, insulation materials, absorbers, barriers, and dampers. These materials are used in various parts of a vehicle such as the body, engine, and truck to minimize noise and vibration. The market is driven by the increasing demand for comfort and luxury in vehicles, stringent regulations regarding noise pollution, and advancements in technology. However, the market also faces challenges such as high costs of soundproofing materials and the increasing trend of lightweight vehicles. Despite these challenges, the market continues to grow, offering numerous opportunities for manufacturers and suppliers.
Body Soundproofing, Engine Soundproofing, Truck Soundproofing in the Global Automotive Soundproofing Materials Market:
The Global Automotive Soundproofing Materials Market is segmented into body soundproofing, engine soundproofing, and truck soundproofing. Body soundproofing is the most dominant segment in the market, contributing more than 70% of the total market share. This is primarily due to the fact that the body of a vehicle is the largest source of noise and vibration. Therefore, it requires more soundproofing materials compared to other parts of a vehicle. Engine soundproofing is the second largest segment in the market, holding a 22% market share. This is because the engine is another major source of noise in a vehicle. Truck soundproofing, on the other hand, holds an 8% market share. This is because trucks are generally larger and produce more noise compared to passenger vehicles. Therefore, they require more soundproofing materials.
Passenger Vehicle, Commercial Vehicle in the Global Automotive Soundproofing Materials Market:
The Global Automotive Soundproofing Materials Market is widely used in both passenger vehicles and commercial vehicles. In passenger vehicles, these materials are used to enhance the comfort and luxury of the vehicle. They are used in various parts of the vehicle such as the body, engine, and doors to reduce noise and vibration. This not only improves the driving experience but also increases the value of the vehicle. In commercial vehicles, these materials are used to reduce noise and vibration in the cargo area. This is important as it helps to protect the cargo from damage caused by vibration. Furthermore, it also improves the working conditions for the driver.
Global Automotive Soundproofing Materials Market Outlook:
In 2022, the Global Automotive Soundproofing Materials Market was valued at US$ 13820 million. It is projected to reach a value of US$ 17870 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.7% during the forecast period of 2023-2029. The body soundproofing segment is the largest contributor to the market, accounting for more than 70% of the total market share. This is followed by the engine soundproofing and truck soundproofing segments, which hold 22% and 8% of the market share respectively.
| Report Metric | Details |
| Report Name | Automotive Soundproofing Materials Market |
| Accounted market size in 2023 | US$ 14400 million |
| Forecasted market size in 2029 | US$ 17870 million |
| CAGR | 3.7 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Autoneum, Adler Pelzer Group, Auria, Faurecia, Grupo Antolin, Toyota Boshoku, NVH KOREA, Tuopu Group, Sumitomoriko, Zhuzhou Times, Huanqiu Group |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
