Automotive NVH Materials Market Regional Analysis:
Asia Pacific Market Insights
Asia Pacific region is likely to hold over 46.5% market share by 2035, attributed to increased vehicle production and export activity in the region. 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 Insights
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.
