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Future of Automotive Window and Exterior Sealing Market: Size, Share & Forecasts to 2029
Automotive Window and Exterior Sealing Market
What Is the Projected Market Size Valuation of the Automotive Window and Exterior Sealing Market by 2025?
The market size for automotive window and exterior sealing has been seeing significant growth recently. The market, which stands at $26.16 billion in 2024, is projected to reach $27.76 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.1%. The historical growth is due to a surge in vehicle production, strict safety standards in the automotive industry, rising consumer demand for noise-reducing vehicles, heightened focus on vehicle aesthetics, and the global expansion of automotive supply chains.
What Is the Estimated Market Growth Value for the Automotive Window and Exterior Sealing Industry in 2029?
The market for automotive window and exterior sealing is predicted to witness significant expansion in the coming years, reaching a value of $37.28 billion by 2029 with a CAGR of 7.7%. Key drivers for the forecast period's growth include increased acceptance of autonomous vehicles, tougher environmental norms, climbing demand for higher weather resistance, a shift towards energy-efficient automobiles, and advancements in the production processes of seals. Foreseen trends during this projected period include advancements in sealing technologies, creation of self-healing seals, customization services for luxury and high-end vehicles, the use of advanced materials, and partnerships aimed at promoting innovation.
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What Are the Growth Drivers and Opportunities in the Automotive Window and Exterior Sealing Market?
The surge in commercial vehicle sales is projected to stimulate the expansion of the automotive window and exterior sealing market in the future. A commercial vehicle (CV) is any vehicle utilized for commercial purposes such as transporting goods or passengers with the aim of generating profit for an individual or a business. These vehicles leverage automotive window and exterior sealing systems as a shield to protect the interior and exterior parts from noise, debris, and rainwater. To illustrate, in August 2022, The Society of Motor Manufacturers and Traders, a UK-based trade association, revealed that commercial vehicle production had risen by 46.9% totaling 58,693 units in 2022. Therefore, the escalating sales of commercial vehicles are fostering the expansion of the automotive window and exterior sealing market.
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What Are the Primary Segments Covered in the Global Automotive Window and Exterior Sealing Market Report?
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: After market, OEM(Original Equipment Manufacturer)
Subsegments:
1) By Exterior Sealing: Door Seals, Window Seals, Trunk Seals
2) By Glass Run Channel Seals: Fixed Glass Run Seals, Movable Glass Run Seals
3) By Roof Ditch Molding Seals: Molded Roof Ditch Seals, Extruded Roof Ditch Seals
What Are the Top Growth Trends in the Automotive Window and Exterior Sealing Market?
A significant trend emerging in the automotive window and exterior sealing markets is product innovation. Many leading corporations in these markets are launching novel products to maintain their standing. For instance, in February 2022, Goobi Glass LLC, a company based in the US that produces automotive glasses, introduced the world's first patented technology - colored glass for automobiles. This product is appropriate for use in sunroofs, windows, and windshields and is available in a wide range of colors, offering 75 unique shades along with the possibility to personalize from a range of over 18,000 separate hues. Providing both aesthetic enhancement for vehicle owners and the benefits of chromotherapy is a key feature of Goobi Glass offerings.
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Which Companies Are Shaping the Future of the Automotive Window and Exterior Sealing Market?
Major companies operating in the automotive window and exterior sealing market include Guardian Industries, Nippon Sheet Glass, Taiwan Glass Industry Corporation, Central Glass Co., Ltd., Sisecam Group, Saint-Gobain Sekurit, AGC Inc., Fuyao Glass Industry Group, Xinyi Glass Holdings Limited, Corning Incorporated, Webasto SE, Magna International Inc., PPG Industries, Dura Automotive Systems, Adient plc, Henniges Automotive, Kiekert AG, Cooper Standard Automotive, Sika AG, Denso Corporation, 3M Company, Novares Group, Tenneco Inc., Faurecia SA, Valeo SA, Huf Hülsbeck & Fürst GmbH & Co. KG, JTEKT Corporation, Schott AG, Flex-N-Gate Corporation, Hella GmbH & Co. KGaA
Which Region Holds the Largest Market Share in the Automotive Window and Exterior Sealing Industry?
North America was the largest region in the automotive window and exterior sealing market in 2024. Asia-Pacific is expected to be the automotive window and exterior sealing market during the fastest-growing region in the forecast period. The regions covered in the automotive window and exterior sealing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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