Sales of Automotive Window Seals is expected to grow at a CAGR of 7% to 8% during 2021 to 2031
According to the latest research by Fact. MR, the automotive window seals market will grow at a moderate rate during 2021-2031. Demand for automotive window seals will witness a steady recovery in short term, with an optimistic growth outlook in the long run. An increase in global vehicle production and a rise in demand for lightweight window sealing material from manufacturers is expected to drive the market.
What is Driving Demand for Automotive Window Seals?
Window seals are an important part of vehicle safety as window seals are used to protect the interior of the vehicle and also prevent the degradation of window glass due to water or exterior noise. Increasing innovation of new sealing materials for the automotive industry and increasing demand for passenger and commercial vehicles is driving demand for window seals.
Over the forecast period, the market is likely to grow because of an increasing number of passenger cars and LCVs in the coming years due to growth in industrialization and an increase in disposable income of the population. The sales for automotive window seals are likely to enhance due to the easy availability of the products on E-commerce platforms for end-users.
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Automotive Recovery Likely to Augment Window Seals Sales
COVID-19 has had a huge impact on the global sales of vehicles. Production of vehicles declined in 2020 as the manufacturing facilities were closed due to lockdown. But the market is slowly recovering from the losses of the pandemic and automotive sales are likely to rebound in many countries in the coming years.
Due to emission regulation norms, governments of many countries like Germany, Japan, US are encouraging OEMs to engage more towards the manufacturing of electric vehicles for lower carbon emissions in the environment. This factor is likely to boost the market for automotive window seals.
US and Canada Automotive Window Seals Market Outlook
The US is one of the largest markets for window seals globally. The US automotive window seals market will increase in the coming years because of exponential growth in vehicle production and innovations of advanced window seals by manufacturers. Due to the pandemic, the demand is likely to remain muted for the next couple of years but the widening vaccination rates in the US will enable businesses to return to the normal range of activities in some time.
Demand for window seals in the North America region is accelerated by the increasing demand for passenger cars and light trucks due to the growing population and also the increase in material innovation of automotive seals. Many manufacturers are trying to develop sealing that has reduced weight, better durability, and long-lasting performance. These types of seals use advanced materials that can withstand continuous vibrations in vehicles and also deliver maximum safety to the user.
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Asia Pacific Demand Outlook for Automotive Window Seals
Many countries in the Asia Pacific region have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. But the market is slowly recovering with the resume of manufacturing factories for vehicles and vehicle components in many countries. The market is regarded as the fastest-growing market for window seals because of the increased disposable income of the population for buying vehicles.
Countries like China and India will accelerate the growth of the window seals market in the Asia Pacific region in the coming years due to the growing production and sales of vehicles in the region. With the growing demand for alternate fuel vehicles and increasing electric vehicles in China, the automotive window seals market is likely to grow in the Asia Pacific making it a fast-growing region for window seals.
Who are the Key Manufacturers and Suppliers of Automotive Window Seals?
Some of the leading manufacturers and suppliers include Lauren Plastics LLC, Magna International Inc., Cooper Standard Automotive Inc., Hutchinson Sealing Systems Inc., Toyoda Gosei Co. Ltd and REHAU Incorporated.
Many leading manufacturers make durable and innovative sealing designs that can be applied to each vehicle category. Manufacturers are also focusing on increasing their production capabilities by setting up new production units in developed countries.
An Adaptive Approach to Modern-day Research Needs
Automotive Window Seals Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
By Vehicle Type
- Passenger Car
- Electric Vehicle
By Component Type
- Roof Ditch Molding
- Glass Run Channels
By Exterior Seals
- Trunk Seals
- Hood Seals
- Front Windshield Seals
- North America
- Latin America
- South Asia and Pacific
- ASEAN countries
- East Asia
- South Korea
- Middle East & Africa
- South Africa
- North Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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