Automotive window and sealing systems market size is set to reach $29.5 billion by 2023, growing at a CAGR of 8.2%
between 2017-2023. The major factors driving the growth of the market include
growing demand of passenger and electric vehicles globally.
Insights on market segments
As per the findings of research, the global
automotive window and sealing systems market has been segmented into glass run
channel, waist belt seal, roof ditch molding, hood seals, trunk seals, front
windshield seals, door seals, rear windshield seals and sunroof seals. The
glass run channel segment held the largest share in the market in 2016. The
major factors driving the growth of the glass run channel is increasing vehicle
production and growing awareness and adoption of electric vehicle across the
globe and growth in the automotive industry.
- Get Sample Research Report At: https://www.psmarketresearch.com/market-analysis/automotive-window-and-sealing-systems-market/report-sample
Asia-Pacific stands as the largest
region in the global automotive window and sealing systems market
In 2016, Asia-Pacific held the largest
share in the global automotive window and sealing system market with over 40%
share, in terms of value. The global automotive window and sealing systems
market is expected to grow at a CAGR of 8.2%, during the forecast period, owing
to increase in global GDP and rapid growth in developing countries such as
India and China. Additionally, the European market for automotive window and
sealing systems is expected to witness significant growth during the forecast
period, owing to increase in manufacturing of commercial vehicles in developed
countries such as Germany and the U.K.
Growing demand of passenger and electric
vehicle segment across the globe
The major factors driving the growth of the
automotive window and sealing systems market include growing demand of
passenger and electric vehicles globally. India and China have emerged as the
growing countries where the vehicle production has increased rapidly in past
five years and the trend is likely to continue during the forecast period.
In North America, the outlook in
U.S. and Canada remained promising and achieved high sales figures in in 2016
and without any overriding concern of a slow down on the horizon in either
market. The rest of the world include key countries such as Iran and Australia
and Middle East region that have gained global traction in the recent time and
is expected to remain at a forefront of market due to which several OEMs
continue to explore local manufacturing options in these countries.
- Explore Research Report At: https://www.psmarketresearch.com/market-analysis/automotive-window-and-sealing-systems-market
Competitive Landscape
The automotive window and sealing systems
market includes organized players having presence across the globe. Some of the
major players involved in the manufacturing of window and sealing systems
include Cooper Standard Inc., Hutchinson Automotive, Magna International,
Sumitomo Chemical Co. Ltd, Toyoda Gosei Co., Ltd., Minth Group, and Henniges
Automotive Holdings Inc.
No comments:
Post a Comment