Title: Global Automotive Window and Sealing Systems Market Size, Share, Development, Growth and Demand Forecast to 2023
1Global Automotive Window and Sealing Systems
Market to Reach 29.5 Billion by 2023
2According 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 End-Use (OEMs and
Aftermarket), by Application (Passenger cars,
Commercial Vehicles and Electric Vehicles)
published by PS 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/market-analys
is/automotive-window-and-sealing-systems-market
3Global 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.
4Insights 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.
5Asia-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.
6Growing 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.
7The 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.
8Download report sample at
https//www.psmarketresearch.com/market-analysis/a
utomotive-window-and-sealing-systems-market/report
-sample
9GET IN TOUCH
THANK YOU!
For information regarding permissions and other
queries Kindly write to
US/Canada Toll-Free 1-888-778-7886