Global Automotive Weather Strips Market – Industry Trends and Forecast to 2029

Automotive Weather Strips Market Analysis and Size

Automotive weather strips has a vital component of vehicle and is extensively used in doorframe, windows, roof rail, windshield and other to prevent the vehicle from weather. A spike in commercial and passenger vehicle production is one of the major factors that is expected to increase the demand for automotive weather strips in the market. Furthermore, rising urbanization and the growing purchasing power of middle-class peoples are some factors which is also expected to boost the demand for vehicles in the near future. This in turn is expected to propel the expansion of the global auto weather strips market during the forecast period of 2022-2029

Data Bridge Market Research analyses that the automotive weather strips market was valued at USD 11,446.38 million in 2021 and is expected to reach USD 15,248.34 million by 2029, registering a CAGR of 3.65% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.     

Automotive Weather Strips Market Scope and Segmentation

Market Definition

Automotive weather strips are rubber seals which is used to seal the edges of the windshield, windows, doors and trunks of an automobile. Automotive weather strips prevent the interior components and accessories of the vehicles from damage by elements such as snow, dust and rain. Moreover, these strips manage air flow between the engine compartment and the hood.

Global Automotive Weather Strips Market Dynamics

Drivers

• Use of commercial vehicles in logistics and e-commerce sectors

Commercial vehicles such as HCVs and LCVs find an extensive range of applications in e-commerce and logistics and sectors, where these vehicles are mainly used to perform tasks, such as the transportation of equipment, machinery, goods and raw materials, easier. The rising output of e-commerce sector is expected to be one of the major driving factor for the sale of LCVs and HCVs fuel the growth of the automotive weather strips market.

• Rising demand of commercial vehicle

Commercial vehicle sales have augmented significantly in the last few years. In 2018 the total sold of the commercial vehicles in the globe has accounted for 26.3 million units that is representing a 5.06% part of overall sales as compared to 2017. The growing demand of commercial vehicle has also increased the demand for the weather strip, which is expected to drive the growth of the automotive weather strips market.

Furthermore, rapid urbanization across the globe, growing levels of disposable income of the people, increasing demand of commercial vehicles and passenger vehicles and development of the automotive sector are some major aspects which are likely to uplift the growth of the automotive weather strips market during the forecast period of 2022-2029. 

Opportunities

• Developing new application specific product

The automotive weather strips manufacturers are concentrating on developing new application-specific products to meet the consumer's demand. Moreover, industry participants are concerting their complete energy on improving their distribution systems. The Increasing population and developing economy are the major factors contributing to the demand of automotive weather strips in the automotive industry of developing nations.

• Technological advancement

The several technological advancements in which including the development and innovations in the field of automotive sector to deliver lightweight and high-quality components to increase the longevity of the vehicle and to reduce the maintenance cost of the vehicle are acting as growth-inducing factors which will act as market drivers and further boost beneficial opportunities for the market's growth rate.

Moreover, new emerging markets and upsurge in the number of strategic collaboration and partnerships will also act as market drivers and increase the beneficial opportunities for the market’s growth rate.

Restraints/ Challenges

• Volatility in cost associated with automotive weather strips

 Volatility in the cost of automotive weather strips has become a major concern for the industry which is acting as market restraints, and will further challenge the growth of the automotive weather strips market during the forecast period mentioned above

This automotive weather strips market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive weather strips market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Automotive Weather Strips Market

The outbreak of COVID-19 pandemic has hampered a majority of businesses overall the globe due to imposed lockdown, which caused the people to stay at home. The imposed lockdown led to a decrease in the sales of vehicle, consequently, contracting the global automotive weather strips market. Automotive market is the most affected industry in the overall sector. It is anticipated to witness a negative impact on the automotive weather strips market due to several shutdowns, lockdowns and restriction related to tourism and traveling during this pandemic. They are anticipated to restart only when the situation is stable. However, the global automotive weather strips market is anticipated to expand from 2021, the government has taken some steps to recover from financial losses which has caused by imposed shutdown of business activities during the COVID-19 pandemic.

Global Automotive Weather Strips Market Scope

The automotive weather strips market is segmented on the basis of material type, vehicle type, sales channel and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material Type

• EPDM (Ethylene Propylene Diene Terpolymer Membrane) Rubber
• Polyvinyl Chloride (PVC) Rubber
• Thermoplastic Elastomer/Rubber (TPE))

Vehicle Type

• Passenger Cars
• Compact
• Mid-Size
• SUV
• Luxury
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)

Sales Channel

• Original Equipment Manufacturers (OEM)
• Aftermarket

End User

• Doorframe
• Windows
• Roof rail
• Windshield
• Trunk (Front and Rear)

Automotive Weather Strips Market Regional Analysis/Insights

The automotive weather strips market is analysed and market size insights and trends are provided by country, material type, vehicle type, sales channel and end user as referenced above.

The countries covered in the automotive weather strips market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

Asia-Pacific dominates the automotive windshield washer system market in terms of revenue and market share. This is due to the growing demand of passenger cars in China.

Europe is expected to be the fastest developing regions during forecast period of 2022-2029 due to the increasing demand of light commercial vehicles in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Automotive Weather Strips Market Share Analysis

The automotive weather strips market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive weather strips market.

Some of the major players operating in the automotive weather strips market are:

• Trelleborg AB (publ) (Sweden)
• Gold Seal Engineering Products Pvt. Ltd. (India)
• Cooper Standard (U.S.)
• TOYODA GOSEI Co., Ltd. (Japan)
• ALP (India)
• HSI Automotives Limited (India)
• Bohra Rubber Pvt. Ltd. (India)
• TOYOTA BOSHOKU CORPORATION (Japan)
• Avon Seals Pvt. Ltd. (India)
• Nangong Letu Automotive Components Co. Ltd. (China)
• R.K Industries (India)
• Dynamic Rubber, Inc (U.S.)
• SRF (India)
• IDG-Dichtungstechnik GmbH (Germany)
• KACO GmbH + Co. KG (Germany)
• Henninges Automotive (U.S.)

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