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Automotive Rubber Molded Components Market Size, Share, Development by 2023

Automotive Rubber Molded Components Market Size, Share,

New report published by Market Research Report Store (MRRS) which offers insights on the global Automotive Rubber Molded Components market.

Rubber molded components is a rubber product used in the automotive industry. In the manufacturing process, rubber molded components need to use the mold.

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Global Automotive Rubber Molded Components Market: Forecast by Type / Application / Region

At present, in the developed industrial developed countries the automotive rubber molded components industry is generally at a more advanced level, the world's large enterprises are mainly concentrated in the United States, Europe, Japan, etc. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, the technical level is in a leading position. But developed companies’ manufacturing cost is relatively high, compared with Chinese companies, the manufacturing cost is competitive disadvantage, as the Chinese automotive rubber molded components production enterprise technology continues to improve, their share in the international market is increasing, competitiveness in the international market gradually increase. In the past 20 years, the industry continued to shift to China. China is the world's largest consumer and producer countries. Some Japanese companies are shifting the industry to Southeast Asia.

With the steady development of the automotive industry, automotive rubber molded components industry is also growing. In this industry, the global leader is Japan's NOK. Federal-Mogul, Freudenberg, Dana, SKF, Parker Hannifin, Elringklinger, Hutchinson Seal, Trelleborg and other companies are the major players in this industry. As Japan, Germany and the US auto industry is highly developed. Companies in these regions are also at the top of the industry. China, South Korea and other countries of the enterprise is in the second level.

In light of the growing demand for fuel-efficient and less polluting vehicles, the market for lightweight automotive components of higher durability is on the rise. Growing automotive emissions have resulted in pressure on the automakers to produce fuel-efficient vehicles. These stringent standards set by the regulatory authorities are expected to significantly drive the market for lightweight materials such as rubber-molded components in the automotive sector. Rubber components, if used in place of conventional metal or plastic structures, are expected to impact the weight of the automobile to quite an extent. Further, global automotive sales and production have crossed the pre-recession levels and are on the verge of substantial growth. This growing automotive industry is expected to trigger the demand for rubber-molded components globally. However, on the downside, crunch in raw materials and swinging raw material prices are expected to act as friction factors for the market growth.

Over the next five years, LPI(LP Information) projects that Automotive Rubber Molded Components will register a 0.3% CAGR in terms of revenue, reach US$ 124100 million by 2023, from US$ 122200 million in 2017.

Global Automotive Rubber Molded Components Market: Key Players
NOK
Federal-Mogul
Freudenberg
Dana
SKF
Parker Hannifin
Elringklinger
Hutchinson Seal
Trelleborg
TKS Sealing
Oufu Sealing
Star Group
Duke Seals
Gates
Saint Gobain
Timken
MFC SEALING
Jingzhong Rubber
Corteco Ishino
NAK

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Related Information:
United States Automotive Rubber Molded Components Market Research Report 2018
Europe Automotive Rubber Molded Components Market Research Report 2018
North America Automotive Rubber Molded Components Market Research Report 2018
Asia-Pacific Automotive Rubber Molded Components Market Research Report 2018
China Automotive Rubber Molded Components Market Research Report 2018
EMEA Automotive Rubber Molded Components Market Research Report 2018
Global Automotive Rubber Molded Components Market Research Report 2018

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