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Automotive Window and Sealing Systems Market

Global Automotive Window and
Sealing Systems Market to Reach
$29.5 Billion by 2023

enquiry@psmarketresearch.com
www.psmarketresearch.com

Automotive Window and Sealing Systems Market

According to a new market research report “Global Automotive Window
and Sealing Systems Market Size, Share, Development, Growth and Demand
Forecast to 2023 - Industry Insights by Components (Glass Run Channel,
Waist Belt Seal, Roof Ditch Molding, Hood Seal, Trunk Seal, Front
Windshield Seals, Door Seals, Rear Windshield Seals, Sunroof Seal), by EndUse (OEMs and Aftermarket), by Application (Passenger cars, Commercial
Vehicles and Electric Vehicles)” published by P&S Market Research, the
global automotive window and sealing systems market is projected to reach
$29,515 million by 2023, growing at a CAGR of 8.2% during the forecast
period (2017 – 2023).
Browse Report Description at: https://www.psmarketresearch.com/marketanalysis/automotive-window-and-sealing-systems-market

Automotive Window and Sealing Systems Market

Global automotive window and sealing systems
market worth $17,064.0 million in 2016
The automotive window and sealing systems market include products such
as glass run channel, door seals, front and real windshield seals, and others
exterior seals. These products are mainly manufactured using ethylene
propylene diene monomer (EPDM) as the raw material; however, as the
technology has developed, thermoplastic elastomers find their use as raw
materials. The developing economies such as India and China use EPDM as
raw materials. Whereas the technologically-advance markets such as U.S.
and Germany, use Thermoplastic Elastomers (TPEs) as raw material for
exterior sealing systems. The new technology is likely to be adopted in
developed countries during the forecast period.

Automotive Window and Sealing Systems Market

Insights on market segments
As per the findings of research, the global automotive window and sealing
systems market has been segmented into glass run channel, waist belt seal,
roof ditch molding, hood seals, trunk seals, front windshield seals, door
seals, rear windshield seals and sunroof seals. The glass run channel
segment held the largest share in the global automotive window and
sealing systems market in 2016. The major factors driving the growth of the
glass run channel is increasing vehicle production and growing awareness
and adoption of electric vehicle across the globe and growth in the
automotive industry.

Automotive Window and Sealing Systems Market

Asia-Pacific stands as the largest region in the global
automotive window and sealing systems market
In 2016, Asia-Pacific held the largest share in the global automotive window
and sealing system market with over 40% share, in terms of value. The
global automotive window and sealing systems market is expected to grow
at a CAGR of 8.2%, during the forecast period, owing to increase in global
GDP and rapid growth in developing countries such as India and China.
Additionally, the European market for automotive window and sealing
systems market is expected to witness significant growth during the
forecast period, owing to increase in manufacturing of commercial vehicles
in developed countries such as Germany and the U.K.

Automotive Window and Sealing Systems Market

Growing demand of passenger and electric vehicle
segment across the globe
The major factors driving the growth of the market include growing demand of
passenger and electric vehicles globally. India and China have emerged as the
growing countries where the vehicle production has increased rapidly in past
five years and the trend is likely to continue during the forecast period. Growth
in sales of passenger vehicles in India was the fastest among the eight largest
auto markets in the world in 2016. In North America, the outlook in U.S. and
Canada remained promising and achieved high sales figures in in 2016 and
without any overriding concern of a slow down on the horizon in either market.
The rest of the world include key countries such as Iran and Australia and
Middle East region that have gained global traction in the recent time and is
expected to remain at a forefront of market due to which several OEMs
continue to explore local manufacturing options in these countries. Such trends
are expected to drive the global automotive window and sealing systems
market. Moreover, government initiative and growing demand of electric
vehicle is driving the global market.

Automotive Window and Sealing Systems Market

The market is dominated by organized players
The research states that the global automotive window and sealing systems
market had a consolidated structure in 2015, where the market is dominated by
organized players. Some of the key players in the global automotive window
and sealing systems market include Cooper Standard Inc., Hutchinson
Automotive, Magna International, Sumitomo Chemical Co. Ltd., Toyoda Gosei
Co. Ltd., Minth Group, and Henniges Automotive Holdings Inc.
Acquisition and strategic partnerships have been the major recent
developments in the global automotive window and sealing systems. For
instance, in September 2016, Hutchinson acquired the French company
Composite Industrie based in Bondoufle, Paris. The company has a production
unit in Casablanca, Morocco and is specialized in designing, qualifying and
producing composite products serving the aerospace and defense markets.
Additionally, In May 2016, Henniges Automotive Holdings, Inc., expanded its
partnership with Burkool S.A., a sealing solutions manufacturer based in Buenos
Aires, Argentina, to meet the growing demand of the automotive original
equipment manufacturers (OEMs) in Brazil.

Automotive Window and Sealing Systems Market

Download report sample at:

https://www.psmarketresearch.com/market-analysis/automotivewindow-and-sealing-systems-market/report-sample

Automotive Window and Sealing Systems Market

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