Automotive acoustic insulation is a vital part of vehicle, it is responsible for reducing the noise produced by various moving parts in the vehicle. The excess noise reduces the comfort level of both driver as well as passengers resulting in increased fatigue and stress. Moreover, it is considered to be one of the fundamental parameters for validation of vehicle design. Acoustic insulation refines the noise level inside a vehicle to deliver absolute satisfaction levels and acceptance to customers. The different types of materials used for acoustic insulation are plastic foam, stone wool, glass wool, and others it prevents the noises from reaching inside the vehicle and even outside providing a quitter environment. Furthermore, acoustic insulation in vehicles contributes significantly towards reducing the noise pollution caused due to the vehicles. In addition, automotive acoustic insulation materials are also used in buildings to reduce the sounds coming from outside also, it is used in manufacturing industries to lower sound level of machines and vibrations to maintain safety of the workers. Acoustic materials offer superior fire resistance along with noise absorption properties.
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COVID-19 Impact Analysis:
The pandemic hampered the market as well as the lives of people, operation of multiple markets have been halted because of the lack of key players and investors. Due to the pandemic, there was a huge reduction in the sales and the manufacturing of vehicles. Moreover, government of major countries have announced lockdown which has caused unavailability of labour for manufacturing of automobile and acoustic insulation material. Furthermore, there was unavailability of raw material required for production of acoustic insulation material. Automobile is an evolving sector which was affected negatively by the pandemic thus, further affecting the automotive acoustic insulation market. Therefore, it is expected post pandemic the automotive acoustic insulation market will recover back again.
Top Impacting Factors
- Rise in demand for cabin comfort & luxury features, rise in vehicle sale, and rise in R&D of new material for better insulation is expected to drive growth of the market.
- However, rise in soundproof machine parts and low maintenance required can hamper growth of the market.
- Moreover, rise in vehicle production, government regulations regarding noise pollution, and rise in demand for safety act as an opportunity for growth of the market.
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Market Trends
Rise in demand for cabin comfort & luxury features
The automotive industry is in the transition of a technological revolution characterized by the convergence of new technology along with traditional vehicle manufacturing. With the rise in trend of electric vehicles, acoustic material manufacturers are developing new light weight acoustic materials to replace the old traditional materials. Electric vehicles manufacturers are launching new vehicle models with best cabin interiors. For instance, in September 2020, Lucid Motors launched Lucid Air. This luxurious electric sedan offers a full-size luxury-class interior, which is based on Lucid’s exclusive Space Concept philosophy. Moreover, to identify and correct the potential internal and external sound sources during the pre-development phase of new vehicles. Original equipment manufacturers (OEMs) across the world are utilizing various highly specialized measurement tools to cater to that need for good technology for testing vehicles, various players in the market are launching new technologies. In August 2020, Autoneum, an automotive component manufacturer, launched a new measurement tool, Airborne Transmission Loss Analysis System (ATLAS). It measures various aspects of acoustic insulation and transmission loss in components, such as carpets, inner dashes, and floor insulators. This allows automakers to assess different noise-reducing parts in less time and choose better acoustic material suitable to their needs. Thus, all these developments to reduce noise in vehicles is expected to drive growth of automotive acoustic insulation market.
Key Benefits of the Report:
- This study presents the analytical depiction of the automotive acoustic insulation market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with challenges of the automotive acoustic insulation market.
- The current market is quantitatively analyzed from 2020 to 2030 to highlight the automotive acoustic insulation market growth scenario.
- The report provides detailed automotive acoustic insulation market analysis based on competitive intensity and how the competition will take shape in coming years.
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Questions answered in the automotive acoustic insulation market research report:
- Which are the leading market players active in the automotive acoustic insulation market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the automotive acoustic insulation market?
- What are the projections for the future that would help in taking further strategic steps?
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