What is NVH (System, Parts, Materials) - Global Market?
NVH, or Noise, Vibration, and Harshness, is a critical aspect in the design and manufacture of vehicles. It refers to the study of noise and vibration characteristics in vehicles, particularly cars and trucks. The NVH system, parts, and materials market is a global one, with a wide range of products designed to reduce noise and vibration in vehicles. These include systems such as sound insulation and rubber shock absorbers, as well as various parts and materials used in their manufacture. The goal of these products is to enhance the comfort and safety of vehicle occupants by reducing the noise and vibration they experience.
Rubber Shock Absorber, Sound Insulation in the NVH (System, Parts, Materials) - Global Market:
Rubber shock absorbers and sound insulation are two key components of the NVH market. Rubber shock absorbers are devices that absorb shock impulses from the road or the engine, reducing the overall vibration felt inside the vehicle. They are typically made of rubber, a material known for its excellent shock-absorbing properties. Sound insulation, on the other hand, is used to reduce the amount of noise that enters the vehicle's interior. It is typically made of materials that absorb sound waves, such as foam or fibreglass. Both of these components play a crucial role in improving the overall NVH performance of a vehicle, making them a vital part of the global NVH market.
Auto Parts Market, Automobile Market in the NVH (System, Parts, Materials) - Global Market:
The NVH market plays a significant role in the auto parts and automobile markets. In the auto parts market, NVH components such as rubber shock absorbers and sound insulation are widely used in a variety of vehicles, from small cars to large trucks. They are essential for ensuring a comfortable and quiet ride, making them a key selling point for many consumers. In the automobile market, NVH performance is a critical factor in the design and manufacture of vehicles. Car manufacturers invest heavily in NVH research and development to improve the comfort and safety of their vehicles. As a result, the NVH market is closely linked with the auto parts and automobile markets, with developments in one often influencing the other.
NVH (System, Parts, Materials) - Global Market Outlook:
The global NVH market is a dynamic and growing one. In 2022, the market was valued at US$ 22380 million, and it is expected to grow to US$ 27190 million by 2029. This represents a compound annual growth rate (CAGR) of 3.3% during the forecast period of 2023-2029. The market is dominated by a handful of major manufacturers, who collectively hold a market share of over 20%. In terms of products, rubber shock absorbers are the largest segment, accounting for over 50% of the market. This reflects the critical role that these components play in the NVH performance of vehicles.
| Report Metric | Details |
| Report Name | NVH (System, Parts, Materials) - Market |
| Forecasted market size in 2029 | US$ 27190 million |
| CAGR | 3.3% |
| Forecasted years | 2023 - 2029 |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
