Automotive NVH Materials Market Share

Asia Pacific Market Forecast

The Asia Pacific automotive NVH materials market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the increased production and sales of automobiles, owing to the high demand for vehicles among the Asia-pacific population is anticipated to expand the automotive market size. As per statistics released by the International Organization of Motor Vehicles, the total production of vehicles in the Asia Pacific expanded from the year 2020 with 44,276,549 units to 46,732,785 units in 2021. Similarly, the total sales in the region topped nearly 43,672,758 units in 2021, an upsurge from 40,322,544 in 2020. Further, the presence of major key players and leading exporters and importers of vehicles in the region is also expected to offer prominent opportunities for market growth in the forecast period. For instance, in 2021, China exported around 400,000 commercial vehicles and 2 million passenger vehicles.

North American Market Forecast

Furthermore, the North America automotive NVH materials market is projected to display notable growth over the forecast period owing to the continuously surging automobile sector, coupled with increased production of vehicles in the region. For instance, in 2021, around 10 million vehicles were produced in the United States. In addition to this, the massive adoption of electric vehicles is another key factor that is anticipated to boost the market growth further throughout the forecast period in the region.