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Automotive Noise Insulation Parts Market to Record 5.5% CAGR Growth Through 2029 | Global Analysis Report
Automotive Noise Insulation Parts Market
Automotive Noise Insulation Parts Market Outlook: How is the Market Expected to Grow by 2025?
The market size of noise insulation parts in the automotive industry has seen a substantial increase in the past few years. The figures are projected to rise from $7.41 billion in 2024 to $7.79 billion in 2025, marking a compound annual growth rate (CAGR) of 5.0%. Factors such as adherence to regulations, consumer necessity, improvements in material science, incorporation of technology, expansion in the automotive field, cost-effectiveness, and environmental issues led to the growth experienced in the historic period.
Automotive Noise Insulation Parts Market Forecast: What Size Will It Reach By 2029?
Expectations are high for robust growth in the automotive noise insulation parts market in the coming years, with anticipated expansion to $9.64 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.5%. Factors contributing to this expected growth during the forecast period include the rise of electric vehicles, advancements in driver-assistance systems (ADAS), urbanization, global economic fluctuations, innovative materials, enhancing supply chain processes, and the digital revolution. Some key trends predicted for the forecast period are intelligent insulation, the use of biodegradable materials, application of 3D printing, the integration of augmented reality (AR) in design, the advent of predictive maintenance, the strive for energy efficiency, and novel design ideologies.
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Which Key Market Drivers Will Shape Automotive Noise Insulation Parts Industry Trends in 2025-2029?
The expanding demand for electric vehicles (EVs) is believed to drive the growth of the noise insulation parts industry in the automobile sector. EVs, which run either partly or fully on electricity stored in batteries or other energy storage units, are finding a surge in demand due to growing environmental awareness and advancements in battery technology. In order to increase cabin comfort and lessen environmental effects, electric vehicles incorporate top-tier noise insulation components, thus aligning corporate sustainability objectives and the welfare of employees during travel. In a report issued by the International Energy Agency (IEA), a self-governing intergovernmental organization from France, it was found that there was a jump of 3.5 million in electric car sales in 2023 as compared to 2022, reflecting a 35% YoY increment. In 2023, about 18% of all vehicle sales were of electric cars, an increase from the 14% in 2022. This increasing desire for EVs is subsequently fueling the automotive noise insulation parts market.
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What Are the High-Growth Segments in the Automotive Noise Insulation Parts Market?
The automotive noise insulation parts market covered in this report is segmented -
1) By Type: Dash Insulator, Hood Insulator, Floor Insulator, Door Insulator, Roof Insulator
2) By Material: Fiberglass, Foam, Rubber, Polypropylene
3) By Application: Passenger Car, Commercial Vehicle
Subsegments:
1) By Dash Insulator: Acoustic Dash Insulator, Thermal And Noise Insulating Dash Pads, Lightweight Dash Insulators For Evs, Multi-Layer Dash Insulation Materials
2) By Hood Insulator: Acoustic Hood Insulator, Heat-Resistant Hood Insulators, Lightweight Hood Insulation For Fuel Efficiency, Molded Hood Insulator Pads, Vibration-Damping Hood Insulators
3) By Floor Insulator: Underbody Floor Insulation, Sound Dampening Floor Mats, Thermal Insulating Floor Pads, Carpet Backing Insulation, Foam-Based Floor Insulators
4) By Door Insulator: Door Panel Insulators, Acoustic Door Insulation Materials, Vibration-Damping Door Pads, Heat-Reflective Door Insulators, Soundproofing Door Linings
5) By Roof Insulator: Acoustic Roof Insulator Panels, Thermal Roof Insulation, Roof Liner Insulation, Sound-Absorbing Roof Mats, Lightweight Roof Insulation For Evs
Which Global Trends Are Driving Automotive Noise Insulation Parts Market Expansion?
Leading entities within the major automotive noise insulation parts market are giving their focus on the creation of cutting-edge sound-damping material technologies. The primary aim of these endeavors is to improve the comfort level of vehicles and comply with rigid laws surrounding noise control. Basically, sound-damping material technologies involve ways and substances designed to minimize noise and vibrations across different spaces, with special regard to automotive applications. They work by soaking up sound energy and limiting its transmission. A case in point is Autoneum Holding AG, a Swiss firm involved in vehicle acoustic insulation product production. In June 2022, it broadened its offering of polyethylene terephthalate (PET) and foam-based sound insulation technologies, introducing the Hybrid-Acoustics FLEX and Fit FLEX. These were specifically designed to cater to the needs of electric vehicles (EVs). The advanced sound-damping measures, currently available in Europe, North America, and China, enhance the driving experience by providing superior protection against noise. Having high acoustic performance and zero-waste production, they are adaptable for diverse EV components. These include e-motor encapsulations and noise reduction for a variety of parts such as inverters, gearboxes, pumps, and compressors.
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Who Are the Fastest-Growing Companies in the Automotive Noise Insulation Parts Industry?
Major companies operating in the automotive noise insulation parts market are 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.
What Is the Regional Outlook for the Automotive Noise Insulation Parts Market by 2029?
Asia-Pacific was the largest region in the automotive noise insulation parts market in 2024. The regions covered in the automotive noise insulation parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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