Automotive Window and Exterior Sealing System Market Report Information by Component Type (Roof Ditch Molding, Seals and Glass Run Channels), Exterior Seals (Trunk Seals, Hood Seals, and Front Windshield Seals), Vehicle Type (PV, LCV, HCV, and EV), and Region - Global Forecast to 2030
ID: MRFR/AM/4373-HCR | February 2021 | Region: Global | 100 pages
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Automotive Window and Exterior Sealing System Market Scenario:
Automotive window and exterior sealing system market is estimated to grow at a CAGR of approximately 7% from 2017 - 2023.
The global automotive industry is going through a transition. For the production of automobiles that provide higher passenger comfort level, the innovation and manufacturing of efficient window and sealants, which provide protection against rust and corrosion to the vehicle surface and protection to passengers traveling in the automobile, have assumed significant importance.
There are many factors responsible for the growth of the global automotive window and exterior sealing system market. Firstly, industrialization is degrading the environment and causing irreversible climate change. This leads to global warming and extreme weather conditions. The automobiles manufactured these days need to protect passengers from adverse environmental conditions. Secondly, the longevity of the automobile, which decides the number of years up to which the automobile can be used at its full performance capacity, depends on the wear and tear of the external surface, along with the engine functionality and vehicle maintenance. The vehicle interior can be properly maintained, well protected from dust and other impurities from the environment if automakers invest in suitable window and exterior sealing systems. Thus, the overall global automotive window and exterior sealing system market is estimated to grow at a CAGR of approximately 7% from 2017 - 2023.
Automotive Window and Exterior Sealing System Market, By Segmentation:
On the basis of component type, the glass run channels are the most widely used due to the low cost of production. The plastic reinforced glass that is preferred in the automotive industry can be easily mass produced and the cost of production decreases exponentially as the volume of bulk production increases. The window sealant system is very effective in insulating the interior of the automobile from the onslaught of heat and dust particles, thus acting as thermal and physical insulator providing air tight protection to the vehicle interiors. However, the cost of production of seals is quite high. Additionally, seals of exact specifications need to be manufactured to meet specific requirements of the automobile window and chassis dimensions so that they can be installed correctly. On the basis of exterior seals, hood seals are not a necessity and hence, are installed as an added feature. The trunk and front windshield seals are most commonly used in the automotive manufacturing process.
Key Players:
Some of the key players in the global automotive window and exterior sealing system market are Lauren Plastics, LLC (U.S.), Henniges Automotive North America, Inc. (U.S.), Saar Gummi Czech S.R.O. (Czech Republic), Magna International Inc. (Canada), Cooper-Standard Automotive Inc. (U.S.), Sumitomo Chemical Co., Ltd. (Japan), REHAU Incorporated (U.S.), Minth Group Limited (China), Hutchinson Sealing Systems, Inc. (U.S.), Standard Profil A.S. (Turkey), PPAP Automotive Ltd. (India), and Toyoda Gosei Co., Ltd. (Japan), among others.
On the basis of region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. The total market size of the global automotive window and exterior sealing system was worth USD 18 billion in 2016. The U.S. market for the same system accounted for approx. USD 6 billion in 2016. Thus, the window and sealing market generates one-third of its total revenue from the North America market. The Asia Pacific region has the largest number of automobiles due to the highest population compared to any other place, making this region the next biggest market for the window and exterior sealing system. The Europe region experiences extreme cold temperatures for the better part of the year. The extreme weather conditions highlight the importance of appropriately functioning window and exterior sealing system, which is essential for the safety of passengers.
The report for Global Automotive Window and Exterior Sealing System Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2030 : Significant Value |
| CAGR | 7% CAGR (2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2019Â &Â 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Component, By Application, By Vehicle type, By End Market, |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Lauren Plastics, LLC (U.S.), Henniges Automotive North America, Inc. (U.S.), Saar Gummi Czech S.R.O. (Czech Republic), Magna International Inc. (Canada), Cooper-Standard Automotive Inc. (U.S.), Sumitomo Chemical Co., Ltd. (Japan), REHAU Incorporated (U.S.), Minth Group Limited (China), Hutchinson Sealing Systems, Inc. (U.S.), Standard Profil A.S. (Turkey), PPAP Automotive Ltd. (India), and Toyoda Gosei Co., Ltd. (Japan) |
| Key Market Opportunities | New product launches and R&D Amongst major key Players |
| Key Market Drivers |
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Frequently Asked Questions (FAQ) :
The market has been poised to strike 7% CAGR.
The product is likely to observe high demand in the near future due to rising production of automobiles, which is poised to drive market growth.
The size of the market for automotive window and exterior sealing system was worth USD 18 Bn in 2016.
The U.S. market was worth USD 6 Bn in 2016.
The key participants are Lauren Plastics, LLC (U.S.), Saar Gummi Czech S.R.O. (Czech Republic), PPAP Automotive Ltd. (India), Henniges Automotive North America, Inc. (U.S.), Magna International Inc. (Canada), Sumitomo Chemical Co., Ltd. (Japan), Cooper-Standard Automotive Inc. (U.S.), REHAU Incorporated (U.S.), Minth Group Limited (China), Standard Profil A.S. (Turkey), Hutchinson Sealing Systems, Inc. (U.S.), and Toyoda Gosei Co., Ltd. (Japan).
