Automotive Window and Exterior Sealing Market Share Rising at 4.1% CAGR to Hit US$ 40.0 Billion by 2031: TMR Report
Modern vehicles are equipped with various sensors for safety and driver assistance systems. Sealing systems are being designed to accommodate these sensors while maintaining their effectiveness
Wilmington, Delaware, United States, Sept. 22, 2023 (GLOBE NEWSWIRE) — The automotive window and exterior sealing market was estimated to have acquired US$ 26.6 billion in 2021. It is anticipated to register a 4.1% CAGR from 2022 to 2031 and by 2031, the market is likely to gain US$ 40.0 billion.
The key element driving the market for automotive window and exterior sealing is the automotive production growth. The steady increase in global automotive production is a primary factor driving the demand for window and exterior sealing solutions. There is a parallel rise in the requirement for sealing components to ensure proper insulation and weatherproofing, as more vehicles are manufactured.
The demand for automotive window and exterior sealing is also being driven by rising demand for electric vehicles (EVs). The growth of the electric vehicle market is creating new opportunities for window and exterior sealing manufacturers. EVs require specialized sealing solutions to protect sensitive electrical components and maintain energy efficiency.
The development of advanced sealing materials, such as EPDM rubber, silicone rubber, and thermoplastic elastomers, is enhancing the performance and durability of sealing systems. The materials offer better resistance to extreme temperatures, weather conditions, and chemicals.
Increasing consumer demand for customized vehicles is driving the market for aftermarket sealing solutions. Car owners often upgrade or replace sealing components to improve aesthetics, noise reduction, or weatherproofing.
For more insights into the Market, Request a Sample of this Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=38045
Market Snapshot:
| Report Coverage | Details | |
| Market Revenue | US$ 26.6 Bn | |
| Estimated Value | US$ 40.0 Bn | |
| Growth Rate – CAGR | 4.1% | |
| Forecast Period | 2022-2031 | |
| No. of Pages | 230 Pages | |
| Market Segmentation | By Component, Vehicle Type, Sales Channel | |
| Regions Covered | North America, Latin America, Europe, Asia Pacific, Middle East & Africa | |
| Companies Covered | Cooper-Standard Holdings, Inc., DURA AUTOMOTIVE SYSTEMS, Henniges Automotive Holdings Inc., Hutchinson SA, Lauren International Ltd., Magna International Inc., Minth Group Ltd., PPAP Automotive Ltd., Rehau Automotive S.R.O., Saar Gummi Czech S.R.O., Standard Profil AS, Sumitomo Chemical Co., Ltd., Toyoda Gosei Co., Ltd., Other Key Players | |
Key Findings of the Market Report
- Beyond passenger EVs, the electrification of commercial vehicles like buses and delivery trucks requires specialized sealing systems to ensure safety and efficiency.
- Automakers are opting for integrated sealing solutions that combine multiple functions, such as sealing, insulation, and aesthetics, in a single component.
- IoT-based predictive maintenance systems can monitor the condition of sealing components, offering opportunities for data-driven maintenance and replacements.
- The development of autonomous vehicles presents opportunities for advanced sealing solutions that can ensure airtight and watertight cabins, vital for sensor reliability.
Market Trends for Automotive Window and Exterior Sealing
- Expanding operations into emerging markets with growing automotive sectors, like India and Southeast Asia, can open up new avenues for sealing manufacturers.
- Close collaboration with automotive OEMs allows sealing manufacturers to develop tailored solutions for specific vehicle models.
- The shift towards recyclable and eco-friendly materials for seals aligns with sustainability goals and appeals to environmentally conscious consumers.
- Offering retrofitting services to upgrade older vehicles with improved sealing systems can tap into the existing vehicle fleet market.
We Offer Customized Report, Click Here: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=38045
Market for Automotive Window and Exterior Sealing: Regional Outlook
Various reasons are propelling the growth of the automotive window and exterior sealing market in different regions. These are:
Asia Pacific
- Asia Pacific is a hub for automotive manufacturing, with countries like China, Japan, South Korea, and India being major players. The increasing production of vehicles in the region directly drives the demand for window and exterior sealing solutions.
- Some regions in Asia Pacific experience extreme weather conditions, such as monsoons and high temperatures. Effective sealing solutions are necessary to protect vehicle interiors and ensure passenger comfort.
North America
- North America has a significant automotive manufacturing industry, with the United States, Mexico, and Canada being major contributors. The consistent sales and production of vehicles in this region drive the demand for window and exterior sealing solutions.
- Vehicle owners in North America often invest in replacing or upgrading sealing components to improve vehicle performance, reduce noise, and enhance aesthetics. The aftermarket demand adds to the growth of the sealing market.
Global Automotive Window and Exterior Sealing Market: Key Players
A few dominant firms hold the majority of the market share in the automotive window and exterior sealing industry. The market’s major companies are concentrating on diversifying their product lines.
The big players’ primary strategy includes mergers and acquisitions. In order to acquire a competitive edge in the industry, market competitors are concentrating on offering high-quality services.
The following companies are well-known participants in the global automotive window and exterior sealing market:
- Cooper-Standard Holdings, Inc.
- DURA AUTOMOTIVE SYSTEMS
- Henniges Automotive Holdings Inc.
- Hutchinson SA
- Lauren International Ltd.
- Magna International Inc.
- Minth Group Ltd.
- PPAP Automotive Ltd.
- Rehau Automotive S.R.O.
- Saar Gummi Czech S.R.O.
- Standard Profil AS
- Sumitomo Chemical Co., Ltd.
- Toyoda Gosei Co., Ltd.
- Other Key Players
Key developments in the global automotive window and exterior sealing market are:
- In 2023, Cooper-Standard announced the development of a new lightweight sealant that is designed to improve fuel efficiency and reduce emissions.
- In 2023, Henniges Automotive announced the development of a new acoustic sealant that is designed to reduce noise and vibration in vehicles.
- In the same year, Hutchinson announced the development of a new self-healing sealant that is designed to repair minor damage without the need for human intervention.
- In 2022, Magna International announced the acquisition of Hueck Automotive Systems, a German company that specializes in automotive seating systems.
Global Automotive Window and Exterior Sealing Market Segmentation
Component
- Glass Run Channel
- Roof Ditch Molding
- Front Windshield
- Rear Windshield
- Hood
- Trunk
- Door
- Inner & Outer Belt
- Others
Vehicle Type
- Passenger Vehicles
- Hatchbacks
- Sedans
- Utility Vehicles
- Commercial Vehicles
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Sales Channel
- OEM
- Aftermarket
Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]
