Global Automotive Grommet Market 2018-2022

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Overview of the automotive grommet market

Technavio’s market research analysts have predicted that the automotive grommet market size will reach more than USD 6 billion by 2022. According to this automotive seals and gaskets market research and analysis, the rising automotive demand in potential regions including APAC will be one of the key factors impelling the market’s growth in the forthcoming years. With the growing demand for commercial vehicles and passenger cars across emerging economies including China, India, Brazil and Thailand, the production of automotive grommets has increased considerably in the recent years. The global automotive industry size is projected to reach more than USD 112 million by 2022. Most of this growth is expected to be contributed by APAC as OEMs are producing customized vehicles for attracting buyers in the emerging economies of APAC. Furthermore, various established OEMs including BMW are planning joint venture initiatives with vendors in China to develop electric vehicles, in turn, boosting the demand for the production of automotive grommets.

With the growing use of modern technology in the automotive sector, vendors in the automotive grommet market are focusing on incorporating 3D printing in the manufacturing process. With the use of 3D manufacturing in the automotive industry, the overall manufacturing time involved per vehicles is reduced, in turn, fastening the overall manufacturing process. Automotive rubber grommet manufacturers such as Ford Motor Company has been researching on the use of 3D manufacturing for developing elastomer-based automotive grommets for its Ford Focus Electric and Ford Transit models since 2015. According to Technavio’s automotive grommet component market forecast report, this increasing adoption of the modern 3D manufacturing process will be one of the major trends gaining traction in this market during the next few years.

Companies covered

With the presence of a considerable number of automotive grommets manufacturers, this market appears to be fragmented. To gain an advantage over the other players, the companies are highly focusing on adopting advanced technologies to introduce superior products, in turn, intensifying the market’s competitive environment. By providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies, Technavio’s automotive grommet component market forecast report will help clients identify new growth opportunities and design unique growth strategies. Additionally, the report also suggests key areas the companies can focus on and recommends strategies they can adopt to sustain the competition and improve their positions in this competitive market.

This research report provides an analysis of various companies in this market including –

• Continental
• Federal-Mogul
• HUTCHINSON
• Trelleborg
• Grote Industries
• Ritus Corporation

Segmentation by application and analysis of the automotive grommet market

• Passenger car
• Commercial vehicle

The passenger car application segment accounted for the largest share of the automotive grommet market during 2017. According to this automotive grommet component market forecast report, the segment will continue to contribute to the maximum growth of the market throughout the forecast period.

Segmentation by geography and analysis of the automotive grommet market

• Americas
• APAC
• EMEA

According to Technavio’s automotive grommet component market forecast report, APAC offered the maximum growth opportunities to companies in this industry during 2017. With the rapid growth of the automotive industry in the emerging economies such as India and China, the region will provide several growth opportunities to automotive grommet manufacturers during the next few years as well.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global automotive grommet market?
• What are the key market trends impacting the growth of the global automotive grommet market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive grommet market?
• What are the market opportunities and threats faced by the vendors in the global automotive grommet market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global automotive grommet market?

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