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Automotive Window and Exterior Sealing Global Market Report 2024 Market Size, Trends, Share Analysis By 2024-2033
Automotive Window and Exterior Sealing Global Market
As per the report, the automotive window and exterior sealing market size has grown strongly in recent years. It will grow from $24.54 billion in 2023 to $26.53 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The automotive window and exterior sealing market size is expected to see strong growth in the next few years. It will grow to $35.94 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
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Growing Commercial Vehicle Sales Drive Automotive Window And Exterior Sealing Market
The growing commercial vehicle sales are expected to propel the growth of the automotive window and exterior sealing market going forward. A commercial vehicle (CV) refers to any vehicle used to transport goods or passengers for the profit of an individual or business. Automotive window and exterior sealing systems are used to protect the interior and exterior parts of the commercial vehicle from noise, dirt, and rainwater. For instance, in August 2022, according to The Society of Motor Manufacturers and Traders, a UK-based trade association, commercial vehicle production was up by 46.9% reaching 58,693 units in 2022. Moreover, according to Fleet Europe, a UK-based fleet publication, light commercial vehicle sales reached 355,380 units in 2021, which was up by 21.4% compared to the previous year. Therefore, growing commercial vehicle sales are driving the growth of the automotive window and exterior sealing market.
Innovative Products Drive Automotive Window And Exterior Sealing Market Growth
Product innovations are a key trend gaining popularity in the automotive window and exterior sealing markets. Major companies operating in the market are introducing innovative products to sustain their position in the automotive window and exterior sealing market. For instance, in February 2022, Goobi Glass LLC, a US-based company that manufactures glasses for the automotive, launched colored glass for automobiles, the world's first patented technology. This product is suitable for sunroofs, windows, and windscreens and comes in various colors, including 75 distinct shades and the option to customize more than 18,000 different colors. Goobi Glass offers the advantages of chromotherapy in addition to helping automobile owners enhance the aesthetics of their vehicles.
The automotive window and exterior sealing market covered in this report is segmented -
1) By Component Type: Exterior Sealing, Glass Run Channel Seals, Roof Ditch Molding Seals
2) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicles, Heavy Vehicles, Electric Vehicle
3) By Application: Aftermarket, OEM(Original Equipment Manufacturer)
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Major companies operating in the automotive window and exterior sealing market report are Microsoft Corporation, Google LLC, Sony Corporation, Magic Leap Incorporated, Wikitude GmbH, Zugara Inc., Apple Inc., Blippar Limited, Infinity Augmented Reality Limited, Niantic Inc., Zappar Limited., PTC Inc., Daqri LLC, Lenovo, Seiko Epson, Vuzix, Alphabet Inc., Meta Platforms Inc., Snapchat, HP Autonomy, Augment, Marxent, Catchoom, Vuforia (PTC), ViewAR, Upskill, Scope AR, Adtile Technologies, Inlighten, Total Immersion, Re'Flekt, Vertebrae, 8th Wall Inc., Mirum Agency, INDEstry, Third Aurora .
Contents of the report:
1. Executive Summary
2. Automotive Window and Exterior Sealing Market Report Structure
3. Automotive Window and Exterior Sealing Market Trends And Strategies
4. Automotive Window and Exterior Sealing Market - Macro Economic Scenario
5. Automotive Window and Exterior Sealing Market Size And Growth
…..
27. Automotive Window and Exterior Sealing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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