The global automotive window and sealing systems market was valued at $21.7 billion in 2017, which is projected to reach $38.7 billion by 2025, progressing at a CAGR of 7.6% during 2018–2025. Among components, the glass run channel category held the largest market share, in terms of value, in 2017.
Dominance of the glass run channel category in the automotive window and sealing systems market is mainly ascribed to the high utilization of glass run channels by both aftermarket users and original equipment manufacturers (OEMs), and upsurge in research and development (R&D) activities for alternative materials to meet the requirement of the automotive cockpit industry.
Growing Vehicle Demand is Driving Automotive Window and Sealing Systems Market
The demand for passenger cars and commercial vehicles is on the rise, owing to the increasing urbanization in developing companies across the world, such as India, China, and Indonesia. Disposable income has up surged in both developed and developing economies, resulting in better standards of living. People are willingly spending a part of their disposable income on automobiles, which is promoting the increased demand and sales for vehicles for both commercial and personal uses. This significant increase in the vehicle sales is positively affecting the growth of the automotive window and sealing systems market.
Segmentation Analysis of Automotive Window and Sealing Systems Market
Based on application, EPDM held the largest revenue share in the automotive window and sealing systems market in 2017, and is expected to dominate the market in the coming years as well. This can be mainly attributed to its high usage in passenger cars and ease of use in weather-stripping applications.
On the basis of end use, during the forecast period, the automotive window and sealing systems market is expected to witness faster growth in the category of OEMs, with a CAGR of 7.6%, in value terms. In addition, OEMs contributed larger revenue to the market in 2017, owing to the increased demand for passenger vehicles in both developed and developing economies, across the world.
Geographical Analysis of Automotive Window and Sealing Systems Market
Geographically, the APAC automotive window and sealing systems market is projected to witness the fastest growth during the forecast period. The region held the largest share in the market during the historical period. Rising GDP and increasing disposable income of people in emerging economies, such as China and India, are the key factors propelling the growth the automotive window and sealing systems industry in the region.
Browse report overview with 237 tables and 104 figures spread through 255 pages and detailed TOC on "Automotive Window and Sealing Systems Market By Component (Glass Run Channel, Waist Belt Seal, Roof Ditch Molding, Hood Seal, Trunk Seal, Front Windshield Seal, Door Seal, Rear Windshield Seal, Sunroof Seal, Encapsulated Glass, Corner Molding, End Cap), By Material (TPE, TPV, EPDM), By Application (Passenger Cars, Commercial Vehicles, Electric Vehicles), By End Use (OEMs, Aftermarket), By Region (U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Netherlands, China, Japan, India, South Korea, Brazil, Russia) – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2025" at:https://www.psmarketresearch.com/market-analysis/automotive-window-and-sealing-systems-market
Competitive Landscape of Automotive Window and Sealing Systems Market
The global automotive window and sealing systems market is fragmented in nature, with the presence of major players, such as Cooper Standard Holdings Inc., Hutchinson Sealing Systems Inc., and Toyoda Gosei Co. Ltd. In recent years, the players have taken several strategic measures, such as facility expansions and partnerships. For instance, in June 2018, DURA Automotive Systems announced its plans to establish a new manufacturing facility in the Republic of Macedonia. The new facility will be dedicated to the development and manufacturing of the company’s lightweight offerings. Lightweight aluminum exterior trims and roof rail systems are expected to be the facility’s initial product offerings to address the needs of European OEMs. The 16,000-square-meter (172,000 square feet) facility is expected to employ around 500 people when it starts its operations in 2019.
Global Automotive Window and Sealing Systems Market Segmentation
By End Use