Automotive Sealing Strip Market Analysis & Forecast 2024-2030

Global Automotive Sealing Strip Market is expected to reach USD 19020.33 million by 2030 with CAGR of 4.3% between 2024 and 2030

Overview

Sealing Strips are used to fill gap between the automobile body top and reinforced beams, and the effect of sealing and damping. It ensures safety of passengers and interior compartment from rain, dust & other elements. Quality of Sealing Strip is very important as it loses its grip with age. Automotive Sealing Strip Market is valued at USD 15409.78 million in 2023 and expected to show steady growth rate in upcoming years. Sealing Strips are one the must have feature / part of automobile with massive expansion of Automotive industry globally Automotive Sealing Strip Market has also shown impressive growth.  

Process type & Competitive analysis

Research report on Automotive Sealing Strip Market considers Ethylene Propylene Diene Monomer (EPDM), Thermoplastic elastomers (TPE), Polyvinyl chloride (PVC) as primary materials used in manufacturing of these strips. In-a detailed analysis across each of these materials type is very important to understand their market revenue, volume & growth. Ethylene Propylene Diene Monomer (EPDM) is most commonly used material in manufacturing of these strips. EPDM is extremely durable and delivers quality resistance against dust, rain & air. It has age resistance properties that make it highly demandable material for Automotive Sealing Strip. EPDM material market covers around 61 % of total market share in 2023. TPE and PVC material market also expected to show impressive growth in upcoming years.  

Competitive analysis is very important segment of the research study as it delivers key companies revenue, growth rate, strategies & recent developments. Automotive Sealing Strip manufacturers are facing very steady growth in market primarily due to deceased sell of automobiles since last quarter of 2023. Automobile industry struggle further deepen due to Covid 19 pandemic, some the major manufacturers are seen drop of around 82 % in sell from March 2020. Apart from the recent pandemic, increasing competition is also major challenge for established manufacturers. Manufacturers are using advance technology & innovation to come up with more quality Sealing Strips.  

Application & Regional analysis

Automotive Sealing Strips are most integral part of almost all the vehicles. Passenger Car, Light commercial Vehicle (LCV), and Heavy Commercial Vehicles (HCV) are broad segments considered in the research study for application analysis. Passenger Car segment is largest and fastest growing segment with around 43 % of market share followed by HCV and LCV respectively. HCV segment has shown impressive growth rate since 2022 and expected to continue during forecasted period. Passenger car market is estimated to show steady CAGR of around 3 % between 2024 to 2030. Rising disposable income and hence buying power along with more inclination towards healthy lifestyle are primary drivers for growth of Automotive Sealing Strips Market.  

Automotive Sealing Strip Market is analysed for North America, Europe, Asia Pacific, Middle East, South America, and Africa & Rest of the World. Geographical analysis helps users to figure out most lucrative market to develop better business strategies. Asia Pacific is market leader with around with around 54 % of market share in 2023. Massive industrial expansion, around 62 % of global population and rising income are prime reasons for market growth. North America market is second largest followed by Europe. Middle East, South America & Africa market is rapidly growing due to increase in demand and establishment of new manufacturing plants.  

Research study has extensively worked on supply-demand analysis which has become important parameter in Automobile industry. Supplier analysis helps to understand supply- demand scenario that certainly helps designed better manufacturing process. Analytical tools used while developing research studies include Porter's 5 Forces model, PESTEL analysis, SWOT analysis, market sizing. Opportunities and threat analysis have gained significant importance in recent years primarily due to dynamic nature of Automobile industry.  

Global Automotive Sealing Strip Market : Material Type

• Ethylene Propylene Diene Monomer (EPDM)
• Thermoplastic elastomers (TPE)
• Polyvinyl chloride (PVC)
• Others

Global Automotive Sealing Strip Market: Application

• Passenger Car
• Light commercial Vehicle (LCV)
• Heavy Commercial Vehicles (HCV)

Global Automotive Sealing Strip Market : Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Automotive Sealing Strip Market :

• AKKA Technologies Group (MBtech Group)
• REHAU
• Magna Internationa
• PPAP Automotive Limited
• ContiTech
• Cooper Standard
• Toyoda Gosei
• Hutchinson
• Nishikawa
• Standard Profil
• Henniges
• Kinugawa

Geographical analysis of Global Automotive Sealing Strip Market :

• North America
  • U.S.A
  • Canada
  • Mexico
  • Rest of NA
• Europe
  • France
  • Germany
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Singapore
  • Rest of APAC
• Latin America
• Middle East
• Africa
• Rest of World

Global Automotive Sealing Strip Market Report delivers a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

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