The market for vehicle door seals is expanding quickly on a global scale. Market expansion is attributed to the automobile industry's explosive growth in sales and production, which has raised market demand. Moreover, the market for automobile door seals is expanding and developing due to increased passenger car sales. Also, there is a huge market need due to the rising luxury car production. Additionally, recent advancements in new technologies have accelerated industry expansion.
According to Market Research Future
(MRFR), the global automotive door seal market is poised to grow at 6.2% CAGR
during the assessment period (2023 – 2030). The rise in demand for new vehicles
increases the size of the market, offering growth opportunities to automotive
door seal manufacturers. Improving economic conditions worldwide influence
market growth, increasing investment in the automotive industry, and consumer
purchase power.
Additionally, rising R&D
investments by industry players significantly impact growth in the global
automotive door seal market. Advances in the field of automatic door deal
technologies push the development of the market. Augmenting demand from the domestic
OEMs as well as export orders from international demands boosts market
growth. Also, the increasing sales of door seal materials for replacement
applications from aftermarket, OEMs, new Tier 2s, and new EV makers propel the
market size.
Conversely, price volatility and the
demand-supply gap in raw material required for the production of door sealing
materials are the major factors estimated to impede the market growth.
Furthermore, changing automotive components trade policies hamper the growth of
the market. Nevertheless, continually rising demand safety and security
solutions in electric vehicles (EVs) would support market growth throughout the
assessment period.
Automotive Door Seal Market –
Geographical Analysis
The Asia Pacific region posses a
significant share in the global car
door rubber seal market. The largest market share
attributes to the development of high-performance seals with increased
mechanical strengths with a longer shelf life. Besides, the rising sales and
production of passenger cars across the region drive the market demand. Moreover,
the burgeoning automotive sector in India, China & Japan allows the
regional market to witness a rapid expansion stage.
Also, the wide innovative materials
developed using advanced technologies foster the growth of the regional
market. The region increasingly attracts foreign investors with its raw
material advantage and cost-competitive labor force, which boosts market
growth, increasing the strong presence of notable industry players. The APAC
automotive door seal market is estimated to retain its dominance throughout the
projected period.
North America holds the next-largest
share in the global automotive door seal market. The market is predominantly
led by the increase in the production of commercial vehicles and the demand for
efficient door sealing technologies. Moreover, technological upgrades act as a
key tailwind for regional market growth. Additionally, the augmenting demand
and availability of advanced sealing materials in the region boost market
growth. The US holds an outstanding share in the regional market due to the
presence of a well-established infrastructure, allowing the development and
early implementation of sealing technologies.
Europe is a sizable market for
automotive door seal, globally. Factors like the presence of well-established
automobile sectors and key developers in the region push the growth of the
market growth. Also, the increasing adoption of advanced door sealing technologies
substantiates the development of the regional market. Simultaneously, stringent
regulatory mandates and the presence of a large untapped consumer base in the
region provide impetus to the regional market growth.
Global Automotive Door Seal
Market – Competitive Analysis
Highly competitive, the automotive door
seal market appears to be fragmented due to the presence of a number of key
industry players. To gain a larger competitive share, these players adopt
strategic initiatives such as collaborations, mergers & acquisitions, and
product/technology development. Increasing investments are made to develop new
products and expand footprints.
Technological advancement has been
acting as a tailwind boosting the industry heading to new opportunities and
attracting new entrants or start-ups.
Major Players
- Avon
- PPAP
Automotive Limited
- Bohra
Rubber Pvt. Ltd.
- Talbros
Automotive Components
- Toyoda
Gosei
- Cooper
Standard
- HSI
Automotive
Segmentation
By Material
·
Plastic
·
Sponge
·
others
End Market
·
OEM
·
Aftermarket
Industry/ Innovation/ Related
News
February 06, 2020 ---- GoldSeal-SaarGummi India, a joint venture
between Gold Seal of India and CQLT-SaarGummi, displayed new sealing profiles
at Auto Expo Components Show. OldSeal-SaarGummi is a
pioneering manufacturer of automotive weather strips and door seals in India.
The overall theme of the company is active innovations for sealing the future.
The company focuses on auto OEMs with its new innovative sealing profiles using
innovative raw materials, innovative processes, and innovative technologies.
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