Automotive Door Seal Market Overview
Automotive Door Seal Market is estimated to register a CAGR of 6.2% in terms of value during the forecast period. Recent growth in the automotive industry can be attributed to the surge in demand in the automotive door seal market. An increasing number of vehicles on the road, specifically passenger vehicles, has significantly contributed to the growth and development in the automotive door seal market. With the development of new technology in recent times, the growth in the automotive door seal market is expected to witness a boost.
Europe is expected to dominate the automotive door seal market during the forecast period, mainly due to the sheer existence of many big market players. Asia-Pacific and North America are other leading regions which can be attributed to the increasing demand in the automotive industry.
In North America, the automobile manufacturer will continue to see an increase in the sales of passenger cars. The rise in demand for the new vehicles will enable the growth of the auto components suppliers, which in turn drives the growth of automotive door seal market. North America is a mature economy as far as investment in the automotive industry is concerned, the automotive industry is expecting huge investment by several giants due to the rising demand for passenger cars. Hence, North America is projected to witness significant growth in the global automotive door seal market during the forecast period.
The global automotive door seal market has been segmented based on material, end market, and region.
On the basis of material, the market has been divided into rubber, sponge, and others. In 2018, the rubber segment held the largest market share and projected to witness significant growth during the forecast period due to the growing demand for luxury vehicles and rising a number of electric vehicles on the road. Furthermore, the development of thermoplastic weather-strips has also contributed to the increasing demand in this market.
Based on the end market, the global automotive door seal market has been bifurcated into, original equipment manufacturers (OEM) and aftermarket. In 2018, the OEM segment dominated the market and projected to be dominant throughout the forecast period due to rising collaboration between automotive OEMs and door seal manufacturers to improve vehicle performance and safety. The aftermarket segment is projected to witness the highest growth during the forecast period due to rise in investment by the OEMs for the expansion of automotive aftermarket in the emerging countries such as China and India due to the improving economy, rising purchasing power, and large base of passenger cars and commercial vehicles.
On the basis of region, the global automotive door seal market is segmented into North America, Europe, Asia-Pacific (APAC), and the rest of the world (RoW).
The key players of the global automotive door seal market are Trelleborg, Gold Seal Group, Avon, PPAP Automotive Limited, Bohra Rubber Pvt. Ltd., and Talbros Automotive Components, Toyoda Gosei, Cooper Standard, and HSI Automotive.
Global Automotive door seal Market Share, by Value, by Region, 2018
Source: MRFR Analysis
Asia-Pacific is expected to witness the highest growth in the global automotive door seal market. In Asia-Pacific, the registration of new passenger cars have been slightly increased in China and India, and the development of high-performance seals with increased mechanical strengths with a longer shelf life being used in vehicles has positively impacted the automotive door seal market, which pushes the region towards growth.
The rest of the world (RoW) consists of the Middle East & Africa and South America region. The key drivers attributing to the growth of this market in the RoW region are growing economies and rising disposable incomes. Furthermore, the Middle East & Africa has emerged as one of the fastest-growing automotive markets globally, with countries such as Nigeria spending millions on import of different vehicle types and their components from the US, Canada, and European countries such as Germany and France, which is likely to drive the growth of this market.
The global automotive door seal market has been segmented based on material, end market, and region. Based on material, the global automotive door seal market is segmented into sponge, rubber, and others. The sponge segment is expected to witness significant growth during the forecast period. Among the regions, in 2018, the global automotive door seal market was led by Europe followed by North America and Asia-Pacific.
The key strategies followed by most companies in the global automotive door seal market include new product launches, acquisitions, expansion, agreements, partnerships, and collaborations, and other developments (marketing and promotions, market development, and contract.
- By Material: Rubber, sponge, and others
- By End Market: OEM and aftermarket
Key Questions Addressed by the Report
- What was the historic market size (2017)?
- Which segmentation (material/end market) is driving market growth?
- What will be the growth rate by 2030?
- Who are the key players in this market?
- What are the strategies adopted by key players?
| Market Size
| 2030: USD 13,254.30 Million
| 6.2% CAGR (2022 to 2030)
| Base Year
| Forecast Period
| 2022 to 2030
| Historical Data
| 2019 & 2020
| Forecast Units
| Value (USD Million)
| Report Coverage
| Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
| Segments Covered
| Material and End Market
| Geographies Covered
| North America, Europe, Asia-Pacific, and Rest of the World (RoW)
| Key Vendors
| Trelleborg, Gold Seal Group, Avon, PPAP Automotive Limited, Bohra Rubber Pvt. Ltd., and Talbros Automotive Components, Toyoda Gosei, Cooper Standard, and HSI Automotive
| Key Market Opportunities
| Recent growth in the automotive
| Key Market Drivers
| With the development of new technology in recent times
Automotive Door Seal Market Highlights:
Frequently Asked Questions (FAQ) :
The market has been calculated with a CAGR of 6.2% for its forecast period.
Europe is going to lead the automotive door seal market during the forecast period.
Material and end market are the segments of the market.
North America, Europe, Asia-Pacific (APAC) are the regions grossing with the highest market share globally.
Trelleborg, Gold Seal Group, Avon, PPAP Automotive Limited, Bohra Rubber Pvt. Ltd.,
Key Questions Answered
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