Automotive Window and Exterior Sealing System Market Research Report - Forecast to 2030

Automotive Window and Exterior Sealing System Market Research 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 — Forecast till 2030

ID: MRFR/AM/4373-HCR | January 2023 | Region: Global | 100 Pages         

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Automotive Window and Exterior Sealing Market

The Global Automotive Window and Exterior Sealing Market Size is expected to cross USD 33 Billion by 2030 at a CAGR of 9% during the forecast period ending in 2030

Segmentation
By Component Type Roof Ditch Molding Seals Glass Run Channels
By Exterior Seals Trunk Seals Hood Seals Front Windshield Seals
By Vehicle Type PV LCV HCV EV
Key Players
Companies Profiled   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)    Toyoda Gosei Co. Ltd. (Japan)
Drivers
Market Driving Forces   Global warming and extreme weather conditions    Longevity of the automobile    New product launches and R&D Amongst major key Players
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Automotive Window Market OverviewThe global Automotive Window and Exterior Sealing System market size are projected to reach approximately USD 33 billion by 2030, at a CAGR of 9% from 2020 to 2030. Automotive Window and Exterior Sealing System is a sealant that has been developed for sealing windows, windshields, headlight assemblies, and other exterior surfaces. This product is easy to apply, so it can be applied by the owner without the need for professional installation. It also forms a permanent bond with any surface upon contact. The Automotive Window and Exterior Sealing System is an excellent option when it comes to sealing windows, windshields, headlight assemblies, and other exterior surfaces. It offers an easy application process as well as a permanent bond with any surface upon contact.


COVID-19 Impact AnalysisThe Covid-19 pandemic had a negative effect on the market as the government imposed several lockdowns. As a result, many production units and vehicle sales stopped. For the slump in automobile production over recent years, companies have cut back on the installation of a window or exterior sealing systems.


Market Dynamics


The global automotive window and exterior sealing system market has grown tremendously. There are many factors associated with this growth, including the number of people within borders, which is increasing due to the dramatic growth of industrialization around the world.


Drivers



  • Increase in demand for better sealing systems


The automotive window and exterior sealing systems market is expected to grow during the forecast period. The key drivers of this market are the growing demand for vehicles with better fuel economy and emission levels, and the need for better sealing systems to protect against extreme weather conditions. The window and exterior sealing systems are critical components of a vehicle, as it helps to keep the cabin airtight and prevent water and debris from entering. In addition, it also plays a key role in the aerodynamic performance of a vehicle, which can impact fuel economy. With the increasing focus on reducing emissions and improving fuel economy, automakers are looking for ways to reduce the weight of their vehicles. One of the ways is by using lighter materials for the window and exterior sealing systems. The demand for vehicles with better fuel economy and emission levels is expected to continue to grow in the coming years, which will drive the automotive window and exterior sealing systems market.


Restraints:



  • Development of new technology


Technology is changing the way things are being done. Not only in the workforce but also in various other parts of life. Innovation happens in the sealant industry and older technologies are replaced by newer ones. Laser welding technology is a growing alternative for roof ditches, which gives best-in-class finishing, and prevents dust, air, and water from entering the interior parts of the vehicle.


Opportunities:



  • The rise in the electric vehicle market


Electric vehicles and hybrid electric vehicles, as well as other emerging technologies such as fuel cells, are spreading around due to their low emissions while providing efficient power and mileage. Governments in Europe, the UK, Japan, and the US have already put a lot of pressure on EVs and other low-emissions vehicles. This implies that OEMs will likely continue to develop more and more EVs.


Segment Overview


By Component Type


Based on Component Type, the global Automotive Window and Exterior Sealing System market has been segmented based on Roof Ditch Molding, Seals, and Glass Run Channels. The glass run channels segment is the fastest growing in the global Automotive Window and Exterior Sealing System market.


By Exterior Seals


Based on the exterior seals, the global Automotive Window and Exterior Sealing System market has been segmented based on Trunk Seals, Hood Seals, and Front Windshield Seals. The hood seals segment is expected to be the fastest growing in the global Automotive Window and Exterior Sealing System market.


By Vehicle Type


Based on the vehicle type, the global Automotive Window and Exterior Sealing System market has been segmented based on PV, LCV, HCV, and EV. The EV segment is expected to be the largest in the global Automotive Window and Exterior Sealing System market.


Global Automotive Window and Exterior Sealing System Market Share, by Region, 2020 (%)Global Automotive Window and Exterior Sealing System Market Share, by Region, 2020 (%) Regional Analysis


 By region, the global Automotive Window and Exterior Sealing System market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific region holds the largest market for the Automotive Window and Exterior Sealing System business.


Asia-Pacific


The Asia-Pacific region is the largest market for the automotive window and exterior sealing system business. This is due to the large population in the region, as well as the growing middle class. The demand for automobiles is high in the Asia Pacific region, and this is expected to continue.


North America


North America is the fastest growing region in the automotive window and exterior sealing system market. The market in the region is driven by the growing demand for vehicles, the increasing production of vehicles, and the growing number of vehicle assembly plants. The region is also witnessing the growing demand for aftermarket products and the increasing number of vehicle repair and maintenance shops. The market in North America is further supported by the presence of a large number of original equipment manufacturers and suppliers in the region.


Competitive Landscape


The market comprises various national and international players. The market players are investing in R&D and also finding new ways to develop and improve product portfolios. Various players are entering into expansion, new product launches, joint ventures, and partnerships, to strengthen their market position and capture a large customer base.


Prominent players in the global Automotive Window and Exterior Sealing System market include Lauren Plastics, LLC, Henniges Automotive North America, Inc., Saar Gummi Czech S.R.O., Magna International Inc., Cooper-Standard Automotive Inc., Sumitomo Chemical Co., Ltd., REHAU Incorporated, Minth Group Limited, Hutchinson Sealing Systems, Inc., Standard Profil A.S., PPAP Automotive Ltd., and Toyoda Gosei Co., Ltd.


Scope of the Report


Global Automotive Window and Exterior Sealing System Market, by Component Type



  • Roof Ditch Molding

  • Seals

  • Glass Run Channels


Global Automotive Window and Exterior Sealing System Market, by Exterior Seals



  • Trunk Seals

  • Hood Seals

  • Front Windshield Seals


Global Automotive Window and Exterior Sealing System Market, by Vehicle Type



  • PV

  • LCV

  • HCV

  • EV


Global Automotive Window and Exterior Sealing System Market, by Region




  • North America

    • US

    • Canada

    • Mexico




  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe




  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia and New Zealand

    • Rest of Asia-Pacific




  • Rest of the World

    • South America

    • Middle East

    • Africa




Objectives of the Study


The objectives of the study are summarized in 5 stages. They are as mentioned below:


Market Size and Forecast:


To identify and estimate the market size for global Automotive Window and Exterior Sealing System market segmented by product type, material type, category, shape and distribution channel by value (in US dollars). Also, to understand the consumption/ demand created by consumers of Automotive Window and Exterior Sealing System during the period of 2019-2030


Market Landscape and Trends:


To identify and infer, the drivers, restraints, opportunities and challenges for the global Automotive Window and Exterior Sealing System market


Market Influencing Factors:


To find out the factors which are affecting the sales of Automotive Window and Exterior Sealing System among consumers


Impact of COVID-19:


To identify and understand the various factors involved in the global Automotive Window and Exterior Sealing System market affected by the pandemic


Company Profiling:


To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies002E


Intended Audience



  • Automotive Window and Exterior Sealing System Producers

  • Raw Material Suppliers

  • Retailers, Wholesalers, and Distributors

  • Governments, Associations, and Industrial Bodies

  • Investors and Trade Experts


 



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 33 Billion
  CAGR   9% CAGR (2020-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Component Type, Exterior Seals, Vehicle Type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Lauren Plastics, LLC, Henniges Automotive North America, Inc., Saar Gummi Czech S.R.O., Magna International Inc., Cooper-Standard Automotive Inc., Sumitomo Chemical Co., Ltd., REHAU Incorporated, Minth Group Limited, Hutchinson Sealing Systems, Inc., Standard Profil A.S., PPAP Automotive Ltd., and Toyoda Gosei Co., Ltd.
  Key Market Opportunities   Increase usage in the automotive sector
  Key Market Drivers   Growth in the MEMs sensors


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Frequently Asked Questions (FAQ) :

The global Automotive Window and Exterior Sealing System market is growing at a CAGR of ~ 9% over the next 7 years

Lauren Plastics, LLC, Henniges Automotive North America, Inc., Saar Gummi Czech S.R.O., Magna International Inc., Cooper-Standard Automotive Inc., Sumitomo Chemical Co., Ltd., REHAU Incorporated, Minth Group Limited, Hutchinson Sealing Systems, Inc., Standard Profil A.S., PPAP Automotive Ltd., and Toyoda Gosei Co., Ltd. are the major companies operating in the global Automotive Window and Exterior Sealing System market.

North America is expected register the highest CAGR during 2021 - 2030

The study period of global Automotive Window and Exterior Sealing System market is 2020 - 2030