Global Automobile Weatherstrip Market Outlook 2017-2022

Global automobile weatherstrip market is expected to grow at a significant CAGR of 4.3% by 2022 as the scope and its applications are rising enormously across the globe. Automobile weatherstrip is a rubber material that helps to seal the edges of a vehicle’s doors, trunk lid, engine hood, and others. It is made using a hollow sponge foam tube.

The factors that are playing a major role in the growth of automobile weatherstrip market are the high demand from end-users, enhanced technological innovations, growing number of automobile industries, and vehicle manufacturers are focusing on designing unique vehicles to increase customer base. However, the fluctuations in raw material prices may restrain overall market growth in the years to come. Automobile weatherstrip market is segmented based on product type, application, and region.

TPE/ TPV/TPO, EPDM, and other product types that are explored in market. The market is categorized based on applications like a sunroof, engine hood, trunk lid, doorframe, and others. Automobile weatherstrip market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).

Globally, Europe accounts for the substantial share of automobile weatherstrip market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region and high demand from end-users.

Asia Pacific is also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of automobile weatherstrip in this region. The reason could be rising disposable income.

The key players of automobile weatherstrip market are Hebei Longzhi, Cooper Standard, Haida, Toyoda Gosei, Jianxin Zhaos, Hutchinson, Xiantong, Nishikawa, Qinghe Huifeng, Henniges, Guihang, SaarGummi, Tokai Kogyo, Kinugawa, and Hwaseung. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

The global market for automobile weatherstrip will grow at a CAGR of 4.3% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (passengers cars, commercial vehicles, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the automobile weatherstrip market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the automobile weatherstrip market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the automobile weatherstrip market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global automobile weatherstrip market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the passengers cars, commercial vehicles, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global automobile weatherstrip market.

Key Applications
- Passengers Cars
- Commercial Vehicles

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- Copper-Standard
- CQLT SaarGummi
- Henniges Automotive
- Hutchinson
- Hwaseung R&A
- Kinugawa
- Nishikawa Rubber
- Standard Profil
- Toyoda Gosei
- request free sample to get a complete list of companies

Key Questions Answered in this Report
- What will the market size be in 2022?
- What are the key factors driving the global automobile weatherstrip market?
- What are the challenges to market growth?
- Who are the key players in the automobile weatherstrip market?
- What are the market opportunities and threats faced by the key players?