Press release
Automobile Weather Strip Market Expansion Outlook: $14.48 Billion in 2029
Automobile Weather Strip Market
What Is the Projected CAGR for the Automobile Weather Strip Market from 2024 to 2025?
In the past few years, the size of the car weather strip market has seen steady expansion. It is anticipated to rise from $11.94 billion in 2024 to $12.36 billion in 2025, marking a compound annual growth rate (CAGR) of 3.6%. The increase during the historical period can be credited to factors such as heightened aftermarket sales, escalating disposable incomes, an intensified focus on automotive safety, increasing understanding of preventive upkeep, and the burgeoning ride-sharing sector.
What are the Expected Market Size and CAGR for Automobile Weather Strip by 2029?
Over the forthcoming years, the market size of the automobile weather strip is poised for consistent expansion. It is projected to escalate to a value of $14.48 billion by 2029, following a Compound Annual Growth Rate (CAGR) of 4.0%. This growth during the forecast period can be linked to the surge in vehicle production, increased demand for electric vehicles, improved aesthetic appeal and comfort of vehicles, growth of the luxury car segment, and rising consumer inclination towards personalized vehicles. Foreseen trends for the forecast period consist of advancements in material and manufacturing techniques, collaborations and partnerships among Original Equipment Manufacturers (OEMs), infrastructural development, escalation in research and development investments, and application of 3D printing technology in the production of weather strips.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/automobile-weather-strip-global-market-report
Which Factors Are Driving the Global Automobile Weather Strip Market Expansion?
The forward-going expansion of the automobile weather strip market is anticipated to be driven by predicted growth in the automotive industry. The latter is a wide-ranging sector involving various companies and organizations that partake in designing, developing, manufacturing, marketing, and selling motor vehicles. Factors such as heightened consumer preferences for electric vehicles, technological progression, and expanding urbanization which boosts vehicle sales, stimulate the automotive industry's growth. Serving key roles that boost vehicle performance and passenger comfort, automobile weather strips are critical elements within the industry. For instance, a study by the Belgium-based standard group, European Automobile Manufacturers Association revealed that global new car sales saw nearly 10% growth in March 2024 after stabilization in 2022. EU sales spiked close to 14%, concluding at a total of 10.5 million units. Also, new battery-electric car sales surged by 37%, securing a 14.6% share of the market, while global car production climbed to 76 million units, representing a significant 10.2% increase. Consequently, the expansion of the automotive industry is fuelling the growth of the automobile weather strip market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18236&type=smp
Which Segment Currently Holds the Largest Share of the Automobile Weather Strip Market?
The automobile weather strip market covered in this report is segmented -
1) By Material: Ethylene Propylene Diene Terpolymer Membrane (EPDM) Rubber, Polyvinyl Chloride (PVC) Rubber, Thermoplastic Elastomer Or Rubber (TPE)
2) By Vehicle Type: Passenger Cars, Compact, Mid-Size, Sport Utility Vehicle (SUV), Luxury, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)
3) By Sales Channel: Original Equipment Manufacturer (OEM), After market
4) By End-User: Doorframe, Windows, Roof Rail, Windshield, Trunk
Subsegments:
1) By Ethylene Propylene Diene Terpolymer Membrane (EPDM) Rubber: EPDM Rubber Seals For Door Frames, EPDM Rubber Window Seals, EPDM Rubber For Roof And Windshield Seals, EPDM Rubber For Trunk And Tailgate Seals
2) By Polyvinyl Chloride (PVC) Rubber: PVC Rubber Seals For Exterior Trim, PVC Rubber For Door And Window Sealing, PVC-Based Weather Strips For Sealing Joints
3) By Thermoplastic Elastomer Or Rubber (TPE): TPE Weather Strips For Doors And Windows, TPE Seals For Trunk And Tailgate, TPE-Based Molded Weather Strips For Vehicle Frames, TPE Seals For Automotive Exterior And Interior Parts
Which Major Trends Are Shaping the Future of the Automobile Weather Strip Industry?
Leading businesses in the automobile weather strip sector are concentrating on the development of novel technologies like hot-stamping to enhance both aesthetic appeal and sealing performance. Hot-stamping is a fabrication procedure that entails the application of metallic or colored foils to a surface through the use of heat and pressure, leading to both functional and decorative outcomes. Toyoda Gosei Co. Ltd., a Japanese firm known for its expertise in manufacturing plastic and rubber components for vehicles including weather strips, rolled out a front grille in October 2023. This product, equipped with a remarkable hot-stamping technology, is showcased in the new Lexus LM model. Noteworthy is the product's innovative foil technology that dismisses the need for a protective top layer to guard against ultraviolet rays and weathering. Using an advanced understanding of plastic materials, the firm has introduced a foil layer that is thicker and more resistant to weather, maintaining the durability of previous products. This advancement has not only led to a 20% reduction in CO2 emissions during the manufacturing process but also aids in resource conservation by obviating the requirement for a top coat application.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=18236&type=smp
Which Key Players Dominate the Automobile Weather Strip Industry Globally?
Major companies operating in the automobile weather strip market are 3M Company, Hutchinson SA, Toyota Boshoku Corporation, Akzo Nobel N.V., The Freudenberg Group, Toyoda Gosei Co. Ltd., REHAU Industries SE & Co. KG, Trelleborg AB, MINTH Group Ltd., Cooper Standard, Anhui Zhongding Sealing Parts Co. Ltd., Standard Profil Group, TPR Co. Ltd., HWASEUNG GROUP, Nishikawa Rubber Co. Ltd., Kinugawa Rubber Industrial Co. Ltd., CQLT SaarGummi Technologies S.à r.l., KACO GmbH, Henniges Automotive Holdings Inc., PPAP Automotive Limited, Hebei Shida Seal Group Co. Ltd., CGR Products, Canada Rubber Group Inc., Bohra Rubber Pvt. Ltd., Lauren International Ltd.
What Are the Fastest-Growing Regions in the Automobile Weather Strip Market?
Asia-Pacific was the largest region in the automobile weather strip market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the automobile weather strip market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automobile Weather Strip Market Expansion Outlook: $14.48 Billion in 2029 here
News-ID: 4174918 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Rubber
Stationery Rubber Bands Market Size Set for Rapid Growth and Trend by 2030 | Dyk …
Global "Stationery Rubber Bands Market" Research report is an in-depth study of the market Analysis. Along with the most recent patterns and figures that uncovers a wide examination of the market offer. This report provides exhaustive coverage on geographical segmentation, latest demand scope, growth rate analysis with industry revenue and CAGR status. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study…
Rubber Mulch Market Promising Regions for Companies in 2023 | Rubber Mulch Produ …
The global Rubber Mulch market is thoroughly researched in this report, noting important aspects like market competition, global and regional growth, market segmentation, and market structure. Our team of analysts has employed the latest research tools and techniques to estimate the size of the Rubber Mulch market in terms of both value and volume. Furthermore, this report includes detailed estimates for market share, revenue, production, consumption, gross profit margin, CAGR…
Reclaimed Rubber and Rubber Powder Market to Witness Huge Growth by Key Players: …
The Reclaimed Rubber and Rubber Powder report compiles the market information depending upon market development and growth factors, optimizing the growth path. In addition, it highlights the strategies and market share of the leading vendors in the particular market. The report follows a robust research methodology model that helps to make informed decisions. It obtains both qualitative and quantitative market information supported by primary research.
The Reclaimed Rubber and Rubber Powder…
Pakistan Rubber Tyre Market : Pneumatic Rubber Tyre, Retreaded Rubber Tyre, Cush …
According to a recent report published by Allied Market Research, titled, "Pakistan rubber tyre Market by Tyre, Component, Design, and Vehicle Type: Opportunity Analysis and Industry Forecast, 2018 - 2025," Pakistan rubber tyre market size was valued at $272.10 million in 2017, and is projected to reach $1,592.90 million by 2025, registering a CAGR of 24.8% from 2018 to 2025. The radial type design segment was the highest contributor to…
Pakistan Rubber Tyre Market : Pneumatic Rubber Tyre, Retreaded Rubber Tyre, Cush …
The global Pakistan rubber tyre market size was valued at $272.10 million in 2017, and is projected to reach $1,592.90 million by 2025, registering a CAGR of 24.8% from 2018 to 2025. The radial type by design segment was the highest revenue contributor in 2017, accounting for $207.7 million, and is estimated to reach $1,196.4 million by 2025, registering a CAGR of 24.6% during the forecast period.
Download Sample Report at…
Pakistan Rubber Tyre Market : Pneumatic Rubber Tyre, Retreaded Rubber Tyre, Cush …
According to a recent report published by Allied Market Research, titled, "Pakistan rubber tyre Market by Tyre, Component, Design, and Vehicle Type: Opportunity Analysis and Industry Forecast, 2018 - 2025," Pakistan rubber tyre market size was valued at $272.10 million in 2017, and is projected to reach $1,592.90 million by 2025, registering a CAGR of 24.8% from 2018 to 2025. The radial type design segment was the highest contributor to…
