The NVH Testing Market Size was valued at USD 2.12 Billion in 2023 and is expected to reach USD 3.50 Billion by 2031 and grow at a CAGR of 6.5% over the forecast period 2024-2031.
Global motor vehicle production surged in 2023, reaching a total of 94 million units. This marks a 10% increase compared to the 2022 according to the International Organization of Motor Vehicle Manufacturers, the demand for NVH testing solutions surges as well. The car buyers crave a quiet and comfortable ride. Annoying noise and vibrations can be deal-breakers, pushing manufacturers to prioritize NVH testing to minimize noise levels. Modern vehicles are becoming increasingly complex. Features like electric and hybrid engines, advanced driver-assistance systems, and more all contribute to potential noise and vibration issues. This necessitates advanced NVH testing solutions to eliminate these problems before they reach consumers. The shift towards electric vehicles presents a unique challenge. Unlike traditional gasoline-powered cars, EVs have quieter engines, making road noise and vibrations from sources like the electric motor more prominent. This has led Original Equipment Manufacturers (OEMs) to focus heavily on reducing and eliminating cabin noise in electric vehicles, creating a new frontier for NVH testing in the automotive industry.
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KEY DRIVERS:
Regulations to reduce noise pollution are becoming stricter, driving the need for NVH testing to ensure compliance.
Growing Demand in the automotive industry in the NVH testing market
The global rise in vehicle production, particularly in Asia-Pacific, is fueling the NVH testing market. This surge is coupled with a growing emphasis on customer experience. Quieter, smoother rides are a priority, making NVH testing crucial for identifying and minimizing noise and vibration. Further complexity is added by the increasing use of new technologies in vehicles. Electric and hybrid engines, along with advanced driver-assistance systems, introduce unique NVH challenges. Electric vehicles themselves require specific testing due to their quieter engines, where road noise and other subtle vibrations become more prominent. As manufacturers strive for quieter and more comfortable cabins, especially in EVs, NVH testing is becoming an increasingly valuable tool.
RESTRAIN:
The scarcity of qualified professionals trained in NVH testing procedures and data analysis hinders market growth.
The lack of skilled workers is a major hurdle for the NVH testing market's growth. Across industries like consumer electronics, automotive, and aerospace, NVH testing is vital for product development. However, qualified professionals trained in testing procedures, data analysis, and troubleshooting are scarce. This shortage stems from a lack of formal education and training programs. Additionally, the market's rapid growth creates high demand for these specialists, leading to increased wages. Limited industry exposure further exacerbates the issue. Despite these challenges, the growing awareness of NVH testing's benefits is expected to create more training opportunities, potentially easing the talent shortage in the coming years.
OPPORTUNITY:
The rise of electric vehicles presents a unique opportunity for the NVH testing market due to their specific noise and vibration challenges.
Improved integration of NVH testing with existing design and manufacturing workflows can streamline the process and encourage wider adoption.
The surge in electric vehicles creates a unique opportunity for the NVH testing market. Unlike gasoline-powered cars, electric vehicles are much quieter due to the lack of a combustion engine. However, this quietness can expose new noise sources like the electric motor or road noise. To address this, manufacturers need specialized testing solutions to identify and minimize these unwanted sounds and vibrations. This focus on achieving a quiet and comfortable cabin experience in EVs is propelling the demand for advanced NVH testing techniques, creating a lucrative new segment within the NVH testing market.
CHALLENGES:
The availability of qualified testing facilities and equipment, especially in developing regions, can be limited.
The Russia-Ukraine war's effects extend to the NVH testing market through supply chain disruptions and economic uncertainty. The war has snarled global supply chains, potentially raising the cost of NVH testing equipment by 20-30% due to a predicted increase in component prices, according to a McKinsey & Company report. Furthermore, the war's dampening effect on the global economy, with the World Bank estimating a dip in GDP growth from 4.1% to 3.6% in 2022, could lead to a 5-10% decrease in investments within the NVH testing sector. The automotive industry, a major driver for NVH testing, is expected to be hit hard. IHS Markit predicts an 8% decline in global light vehicle production in 2022. This translates to a potential decrease in demand for NVH testing services used throughout car manufacturing. While these are estimates, it's clear the war poses a significant challenge for the NVH testing market.
Lower consumer spending translates to fewer cars being produced, potentially leading to an 8.4% dip in demand for NVH testing services in car manufacturing, taking reference from the decline in global car production during the 2008 financial crisis. Economic hardship can also force companies across various industries to tighten their belts. McKinsey reports suggest a potential 15-20% contraction in R&D spending during downturns, and NVH testing might be seen as expendable in some sectors. This could lead to a 10-15% decrease in demand from these industries. Furthermore, companies become more price-sensitive. The 2008 recession saw a reported 5% drop in engineering service prices, including NVH testing. Testing labs may face similar pressure to lower costs during an economic slowdown. While the exact impact hinges on the severity of the downturn, a decrease in demand and increased focus on cost-effectiveness are likely challenges for the NVH testing market.
By Type:
Hardware
Software
NVH testing software sub-segment is expected to experience the fastest growth (CAGR) in the market in 2023 by type. This software plays a crucial role in analyzing and optimizing noise and vibration. It can capture, manage, and analyze data to pinpoint noise and vibration problems. Even more impressive, this software can simulate how a component or system will perform under different conditions, predicting potential NVH issues before they occur. With the growing emphasis on measuring and evaluating sound levels, NVH testing software is poised to become an increasingly valuable tool for manufacturers.
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By Vertical
Consumer Appliances
Industrial
Automotive & Transportation
Construction
Mining & Metallurgy
Power & Energy
Industrial
Others
The power and energy sub-segment is projected to see the highest growth rate (CAGR) in the NVH testing market in 2023 by vertical. This testing helps ensure the smooth operation and safety of crucial equipment like generators, motors, pumps, and transformers. By analyzing noise and vibration levels, engineers can pinpoint weaknesses and optimize designs. This leads to improved efficiency and reliability within power generation, transmission, and distribution systems. Essentially, NVH testing helps keep the power flowing smoothly and safely.
By Application
Impact Hammer Testing & Powertrain NVH Testing
Environmental Noise Measurement
Building Acoustics
Sound Intensity Measurement & Sound Quality Testing
Noise Source Mapping
Pass-by Noise Testing
Product Vibration Testing
Impact hammer testing & powertrain NVH testing sub-segment dominated the NVH testing market in 2023. Impact hammer testing involves simulating real-world conditions with a vibration table and precisely striking the device with a hammer. Vibration sensors then measure the response, helping identify noise and vibration issues. Powertrain NVH testing focuses on vehicle powertrains, analyzing noise and vibration to improve their quality and reliability. Both methods benefit from the rising global vehicle production, which creates a strong demand for these tests to ensure quieter and smoother rides.
North America
Europe
Asia pacific
Middle East & Africa
Latin America
North America held dominant position in the NVH testing market for 2023. This dominance is fueled by a strong presence of aerospace giants like Lockheed Martin and Boeing, high US defense spending, booming car production, and a growing focus on renewable energy. However, the Asia-Pacific region is expected to steal the show in terms of growth rate. This surge is driven by major players like China, Japan, and India. China leads the pack in car manufacturing within APAC, while Japan, India, and South Korea are experiencing a rise in production facilities. As the demand for new vehicles surges across APAC, the need for NVH testing follows suit. This is further amplified by growing consumer demands for quieter, smoother rides and vehicles with better noise reduction. As awareness of the benefits of NVH testing increases among manufacturers, the Asia-Pacific market is poised for explosive growth.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some of the major players in the NVH Testing Market are National Instruments Corporation, Siemens Digital Industries Software, Brüel & Kjær, Axiometrix Solutions, HEAD acoustics GmbH, DEWESoft d.o.o, Prosig Ltd, Signal.X Technologies LLC, and m+p international Mess- und Rechnertechnik GmbH, Norsonis AS, Honeywell, and other players
In 2023, imc Test & Measurement introduced the Modbus Fieldbus Interface, expanding the capabilities of their imc DAQ Platform.
In May 2022, HEAD acoustics GmbH launched the Qsource Shaker, a new tool for modal and transfer path analysis.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 2.12 Billion |
| Market Size by 2031 | US$ 3.50 Billion |
| CAGR | CAGR of 6.5% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Hardware, Software) • By Vertical (Consumer Appliances, Industrial, Automotive & Transportation, Construction, Mining & Metallurgy, Power & Energy, Industrial, Others) • By Application (Impact Hammer Testing and Powertrain NVH Testing, Environmental Noise Measurement, Building Acoustics, Sound Intensity Measurement and Sound Quality Testing, Noise Source Mapping, Pass-by Noise Testing, Product Vibration Testing, Sound Intensity Measurement and Sound Quality Testing) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | National Instruments Corporation, Siemens Digital Industries Software, Brüel & Kjær, Axiometrix Solutions, HEAD acoustics GmbH, DEWESoft d.o.o, Prosig Ltd, Signal.X Technologies LLC, and m+p international Mess- und Rechnertechnik GmbH, Norsonis AS, Honeywell |
| DRIVERS | • Regulations to reduce noise pollution are becoming stricter, driving the need for NVH testing to ensure compliance. • Growing Demand in the automotive industry in the NVH testing market |
| Restraints | • The scarcity of qualified professionals trained in NVH testing procedures and data analysis hinders market growth. |
Ans: Rising car production and consumer demand for quieter rides fuel the NVH testing market. Electric vehicles add a new layer of complexity, requiring even more testing for noise and vibration control.
Ans. The Compound Annual Growth rate for the NVH testing market over the forecast period is 6.5%.
Ans. The projected market size for the NVH testing market is USD 3.50 Billion by 2031.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2.Industry Flowchart
3.Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown
6. Value Chain Analysis
7.Porter’s 5 Forces Model
8. Pest Analysis
9. Average Selling Price
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East & Africa
10. NVH Testing Market Segmentation, By Type
10.1 Introduction
10.2 Trend Analysis
10.3 Hardware
10.4 Software
11. NVH Testing Market Segmentation, By Vertical
11.1 Introduction
11.2 Trend Analysis
11.3 Consumer Appliances
11.4 Industrial
11.5 Automotive & Transportation
11.6 Construction
11.7 Mining & Metallurgy
11.8 Power & Energy
11.9 Industrial
11.10 Others
12. NVH Testing Market Segmentation, By Application
12.1 Introduction
12.2 Trend Analysis
12.3 Impact Hammer Testing & Powertrain NVH Testing
12.4 Environmental Noise Measurement
12.5 Building Acoustics
12.6 Sound Intensity Measurement & Sound Quality Testing
12.7 Noise Source Mapping
12.8 Pass-by Noise Testing
12.9 Product Vibration Testing
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 Trend Analysis
13.2.2 North America NVH Testing Market by Country
13.2.3 North America NVH Testing Market By Type
13.2.4 North America NVH Testing Market By Vertical
13.2.5 North America NVH Testing Market By Application
13.2.6 USA
13.2.6.1 USA NVH Testing Market By Type
13.2.6.2 USA NVH Testing Market By Vertical
13.2.6.3 USA NVH Testing Market By Application
13.2.7 Canada
13.2.7.1 Canada NVH Testing Market By Type
13.2.7.2 Canada NVH Testing Market By Vertical
13.2.7.3 Canada NVH Testing Market By Application
13.2.8 Mexico
13.2.8.1 Mexico NVH Testing Market By Type
13.2.8.2 Mexico NVH Testing Market By Vertical
13.2.8.3 Mexico NVH Testing Market By Application
13.3 Europe
13.3.1 Trend Analysis
13.3.2 Eastern Europe
13.3.2.1 Eastern Europe NVH Testing Market by Country
13.3.2.2 Eastern Europe NVH Testing Market By Type
13.3.2.3 Eastern Europe NVH Testing Market By Vertical
13.3.2.4 Eastern Europe NVH Testing Market By Application
13.3.2.5 Poland
13.3.2.5.1 Poland NVH Testing Market By Type
13.3.2.5.2 Poland NVH Testing Market By Vertical
13.3.2.5.3 Poland NVH Testing Market By Application
13.3.2.6 Romania
13.3.2.6.1 Romania NVH Testing Market By Type
13.3.2.6.2 Romania NVH Testing Market By Vertical
13.3.2.6.4 Romania NVH Testing Market By Application
13.3.2.7 Hungary
13.3.2.7.1 Hungary NVH Testing Market By Type
13.3.2.7.2 Hungary NVH Testing Market By Vertical
13.3.2.7.3 Hungary NVH Testing Market By Application
13.3.2.8 Turkey
13.3.2.8.1 Turkey NVH Testing Market By Type
13.3.2.8.2 Turkey NVH Testing Market By Vertical
13.3.2.8.3 Turkey NVH Testing Market By Application
13.3.2.9 Rest of Eastern Europe
13.3.2.9.1 Rest of Eastern Europe NVH Testing Market By Type
13.3.2.9.2 Rest of Eastern Europe NVH Testing Market By Vertical
13.3.2.9.3 Rest of Eastern Europe NVH Testing Market By Application
13.3.3 Western Europe
13.3.3.1 Western Europe NVH Testing Market by Country
13.3.3.2 Western Europe NVH Testing Market By Type
13.3.3.3 Western Europe NVH Testing Market By Vertical
13.3.3.4 Western Europe NVH Testing Market By Application
13.3.3.5 Germany
13.3.3.5.1 Germany NVH Testing Market By Type
13.3.3.5.2 Germany NVH Testing Market By Vertical
13.3.3.5.3 Germany NVH Testing Market By Application
13.3.3.6 France
13.3.3.6.1 France NVH Testing Market By Type
13.3.3.6.2 France NVH Testing Market By Vertical
13.3.3.6.3 France NVH Testing Market By Application
13.3.3.7 UK
13.3.3.7.1 UK NVH Testing Market By Type
13.3.3.7.2 UK NVH Testing Market By Vertical
13.3.3.7.3 UK NVH Testing Market By Application
13.3.3.8 Italy
13.3.3.8.1 Italy NVH Testing Market By Type
13.3.3.8.2 Italy NVH Testing Market By Vertical
13.3.3.8.3 Italy NVH Testing Market By Application
13.3.3.9 Spain
13.3.3.9.1 Spain NVH Testing Market By Type
13.3.3.9.2 Spain NVH Testing Market By Vertical
13.3.3.9.3 Spain NVH Testing Market By Application
13.3.3.10 Netherlands
13.3.3.10.1 Netherlands NVH Testing Market By Type
13.3.3.10.2 Netherlands NVH Testing Market By Vertical
13.3.3.10.3 Netherlands NVH Testing Market By Application
13.3.3.11 Switzerland
13.3.3.11.1 Switzerland NVH Testing Market By Type
13.3.3.11.2 Switzerland NVH Testing Market By Vertical
13.3.3.11.3 Switzerland NVH Testing Market By Application
13.3.3.1.13 Austria
13.3.3.13.1 Austria NVH Testing Market By Type
13.3.3.13.2 Austria NVH Testing Market By Vertical
13.3.3.13.3 Austria NVH Testing Market By Application
13.3.3.13 Rest of Western Europe
13.3.3.13.1 Rest of Western Europe NVH Testing Market By Type
13.3.3.13.2 Rest of Western Europe NVH Testing Market By Vertical
13.3.3.13.3 Rest of Western Europe NVH Testing Market By Application
13.4 Asia-Pacific
13.4.1 Trend Analysis
13.4.2 Asia-Pacific NVH Testing Market by Country
13.4.3 Asia-Pacific NVH Testing Market By Type
13.4.4 Asia-Pacific NVH Testing Market By Vertical
13.4.5 Asia-Pacific NVH Testing Market By Application
13.4.6 China
13.4.6.1 China NVH Testing Market By Type
13.4.6.2 China NVH Testing Market By Vertical
13.4.6.3 China NVH Testing Market By Application
13.4.7 India
13.4.7.1 India NVH Testing Market By Type
13.4.7.2 India NVH Testing Market By Vertical
13.4.7.3 India NVH Testing Market By Application
13.4.8 Japan
13.4.8.1 Japan NVH Testing Market By Type
13.4.8.2 Japan NVH Testing Market By Vertical
13.4.8.3 Japan NVH Testing Market By Application
13.4.9 South Korea
13.4.9.1 South Korea NVH Testing Market By Type
13.4.9.2 South Korea NVH Testing Market By Vertical
13.4.9.3 South Korea NVH Testing Market By Application
13.4.10 Vietnam
13.4.10.1 Vietnam NVH Testing Market By Type
13.4.10.2 Vietnam NVH Testing Market By Vertical
13.4.10.3 Vietnam NVH Testing Market By Application
13.4.11 Singapore
13.4.11.1 Singapore NVH Testing Market By Type
13.4.11.2 Singapore NVH Testing Market By Vertical
13.4.11.3 Singapore NVH Testing Market By Application
13.4.12 Australia
13.4.12.1 Australia NVH Testing Market By Type
13.4.12.2 Australia NVH Testing Market By Vertical
13.4.12.3 Australia NVH Testing Market By Application
13.4.13 Rest of Asia-Pacific
13.4.13.1 Rest of Asia-Pacific NVH Testing Market By Type
13.4.13.2 Rest of Asia-Pacific NVH Testing Market By Vertical
13.4.13.3 Rest of Asia-Pacific NVH Testing Market By Application
13.5 Middle East & Africa
13.5.1 Trend Analysis
13.5.2 Middle East
13.5.2.1 Middle East NVH Testing Market by Country
13.5.2.2 Middle East NVH Testing Market By Type
13.5.2.3 Middle East NVH Testing Market By Vertical
13.5.2.4 Middle East NVH Testing Market By Application
13.5.2.5 UAE
13.5.2.5.1 UAE NVH Testing Market By Type
13.5.2.5.2 UAE NVH Testing Market By Vertical
13.5.2.5.3 UAE NVH Testing Market By Application
13.5.2.6 Egypt
13.5.2.6.1 Egypt NVH Testing Market By Type
13.5.2.6.2 Egypt NVH Testing Market By Vertical
13.5.2.6.3 Egypt NVH Testing Market By Application
13.5.2.7 Saudi Arabia
13.5.2.7.1 Saudi Arabia NVH Testing Market By Type
13.5.2.7.2 Saudi Arabia NVH Testing Market By Vertical
13.5.2.7.3 Saudi Arabia NVH Testing Market By Application
13.5.2.8 Qatar
13.5.2.8.1 Qatar NVH Testing Market By Type
13.5.2.8.2 Qatar NVH Testing Market By Vertical
13.5.2.8.3 Qatar NVH Testing Market By Application
13.5.2.9 Rest of Middle East
13.5.2.9.1 Rest of Middle East NVH Testing Market By Type
13.5.2.9.2 Rest of Middle East NVH Testing Market By Vertical
13.5.2.9.3 Rest of Middle East NVH Testing Market By Application
13.5.3 Africa
13.5.3.1 Africa NVH Testing Market by Country
13.5.3.2 Africa NVH Testing Market By Type
13.5.3.3 Africa NVH Testing Market By Vertical
13.5.3.4 Africa NVH Testing Market By Application
13.5.3.5 Nigeria
13.5.3.5.1 Nigeria NVH Testing Market By Type
13.5.3.5.2 Nigeria NVH Testing Market By Vertical
13.5.3.5.3 Nigeria NVH Testing Market By Application
13.5.3.6 South Africa
13.5.3.6.1 South Africa NVH Testing Market By Type
13.5.3.6.2 South Africa NVH Testing Market By Vertical
13.5.3.6.3 South Africa NVH Testing Market By Application
13.5.3.7 Rest of Africa
13.5.3.7.1 Rest of Africa NVH Testing Market By Type
13.5.3.7.2 Rest of Africa NVH Testing Market By Vertical
13.5.3.7.3 Rest of Africa NVH Testing Market By Application
13.6 Latin America
13.6.1 Trend Analysis
13.6.2 Latin America NVH Testing Market by country
13.6.3 Latin America NVH Testing Market By Type
13.6.4 Latin America NVH Testing Market By Vertical
13.6.5 Latin America NVH Testing Market By Application
13.6.6 Brazil
13.6.6.1 Brazil NVH Testing Market By Type
13.6.6.2 Brazil NVH Testing Market By Vertical
13.6.6.3 Brazil NVH Testing Market By Application
13.6.7 Argentina
13.6.7.1 Argentina NVH Testing Market By Type
13.6.7.2 Argentina NVH Testing Market By Vertical
13.6.7.3 Argentina NVH Testing Market By Application
13.6.8 Colombia
13.6.8.1 Colombia NVH Testing Market By Type
13.6.8.2 Colombia NVH Testing Market By Vertical
13.6.8.3 Colombia NVH Testing Market By Application
13.6.9 Rest of Latin America
13.6.9.1 Rest of Latin America NVH Testing Market By Type
13.6.9.2 Rest of Latin America NVH Testing Market By Vertical
13.6.9.3 Rest of Latin America NVH Testing Market By Application
14. Company Profiles
14.1 National Instruments Corporation
14.1.1 Company Overview
14.1.2 Financial
14.1.3 Products/ Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Siemens Digital Industries Software
14.2.1 Company Overview
14.2.2 Financial
14.2.3 Products/ Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Brüel & Kjær
14.3.1 Company Overview
14.3.2 Financial
14.3.3 Products/ Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 Axiometrix Solutions
14.4.1 Company Overview
14.4.2 Financial
14.4.3 Products/ Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 HEAD acoustics GmbH
14.5.1 Company Overview
14.5.2 Financial
14.5.3 Products/ Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 DEWESoft d.o.o
14.6.1 Company Overview
14.6.2 Financial
14.6.3 Products/ Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Prosig Ltd
14.7.1 Company Overview
14.7.2 Financial
14.7.3 Products/ Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Signal.X Technologies LLC
14.8.1 Company Overview
14.8.2 Financial
14.8.3 Products/ Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 m+p international Mess- und Rechnertechnik GmbH
14.9.1 Company Overview
14.9.2 Financial
14.9.3 Products/ Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Norsonis AS
14.10.1 Company Overview
14.10.2 Financial
14.10.3 Products/ Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. Use Case and Best Practices
17. Conclusion
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Polyolefin Market size was valued at USD 256.35 billion in 2023 and is expected to grow to USD 385.55 billion by 2031 and grow at a CAGR of 5.2% over the forecast period of 2024-2031.
The Fire-resistant Coatings Market Size was valued at USD 1025 million in 2023 and is expected to reach USD 1329 million by 2031 and grow at a CAGR of 3.3% over the forecast period 2024-2031.
The Biodegradable Films Market Size was valued at USD 1.16 billion in 2023. It is projected to reach USD 2.06 billion by 2031 and grow at a CAGR of 7.3% over the forecast period 2024-2031.
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