Global Automotive Weatherstrips Market 2018-2022

Global Automotive Weatherstrips Industry Overview

Automotive weatherstrips offer sealing of vehicle openings to prevent the entry of dust, wind, water, and noise to a certain extent into the cabin. Every vehicle manufacturer uses a set of automotive weatherstrips to restrict noise and vibration within their vehicle. The global automotive market accounted for 96.85 million units in 2017 and is projected to grow to 117.72 million units by 2022. The market was led by APAC region. The growth of the automotive market in APAC was attributed to the growth of the passenger car market during the forecast period. Economic development in the developing countries within APAC, increasing per capita income, revival of the construction and agriculture industries, and low vehicle penetration are expected to drive the demand for new vehicles in APAC. This scenario is expected to give rise to the high demand for automotive weatherstrips, in turn, driving the market growth. Thus, the increase in production of vehicles will drive the automotive weatherstrips market growth during the forecast period.

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Companies covered

The automotive weatherstrips market is fragmented since the market has a number of companies. By offering a complete analysis of the market's competitive landscape and with information on the products offered by the companies, this automotive weatherstrips industry analysis report will aid clients identify new growth opportunities and design new growth strategies.  

The report offers a complete analysis of automotive weatherstrips manufacturers including:

• Akzo Nobel
• Cooper Standard
• Henniges Automotive
• HUTCHINSON
• HWASEUNG INDUSTRIES
• NISHIKAWA RUBBER

Automotive weatherstrips market growth based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for the companies across regions such as the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in APAC will contribute to the maximum growth of this automotive weatherstrips market throughout the predicted period.

Automotive weatherstrips market growth based on end-user

• Passenger cars
• Commercial vehicles

According to our market research experts, the passenger cars segment will account for the maximum growth of the market. Additionally, the report also provides an accurate prediction of the contribution of the various end-user segments to the growth of the automotive weatherstrips market size.

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Key highlights of the global automotive weatherstrips market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the automotive weatherstrips market during the next five years
• Precise estimation of the global automotive weatherstrips market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the automotive weatherstrips industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market's competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of automotive weatherstrips companies

This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global automotive weatherstrips market and its stakeholders over the forecast years. The global automotive weatherstrips market analysts at Technavio have also considered how the performance of other related markets in the vertical will impact automotive weatherstrips market size till 2022.

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