Market Size of Automotive Window and Exterior Sealing Systems Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Automotive Window and Exterior Sealing System Market Analysis
The Automotive window and exterior sealing systems market was valued at USD 23 billion in 2021 and is estimated to surpass the net valuation of USD 33.07 billion by 2027 end, registering a solid CAGR of over 6% during the forecast period 2022-2027.
The Covid-19 pandemic had a negative impact on the market as the government imposed several lockdowns resulting in a halt of manufacturing and production units and registering a decline in vehicle sales. For instance, according to OECA, almost 78 million motorized vehicles were produced across the world in 2020, which registered a steep decline of 16% compared to the previous year. Furthermore, the decline in vehicle production resulted in the lesser installation of automotive window and exterior sealing systems.
The market studied is growing, as it is one of the essential safety systems for the vehicle. These sealings are majorly used to protect the interior of the vehicle from pollution, rainwater, and exterior noise. The sealing frames prevent the degradation of glass structures due to water and the occurrence of wind noise. The use of window channels covers shelters and the interior of the vehicle from dirt ingress and noise emission.
The local players have a lot of scope in the aftermarket segment. After the warranty expires, the vehicle owners generally prefer to go to local garages and workshops to get window seals and other related products replaced. The reason for preferring these garages can be attributed to the availability of spare parts and inexpensive, as compared to authorized showrooms.
The rise in the automotive window and exterior sealing systems market is triggered by various factors which cover different aspects. The growing need for transportation due to the increasing population and urbanization leads to demand for vehicles, resulting in the growing demand for automotive window and sealing systems.
The Asia-Pacific region is expected to constitute the largest share in the global automotive window and exterior sealing systems market over the forecast period due to the increased production of automobiles. The availability of low-cost labor and other necessary resources in the region is expected to drive the automotive window and exterior sealing systems market over the forecast period.
Automotive Window and Exterior Sealing System Industry Segmentation
Automotive window and exterior sealing systems are used to protect the interior and exterior parts of the vehicle from noise, dirt, and rain waters. In addition, these systems maintain a seamless driving experience for drivers.
The automotive window and exterior sealing systems market is segmented by component type, exterior seals, vehicle type, and geography. By Component type, the market is segmented by roof ditch moldings, door seals, glass run channels, and rear windshield seals. By Exterior seals, the market is segmented by trunk seals, hood seals, and front windshields seals.
By Vehicle Type, the market is segmented into passenger cars and commercial vehicles, and by geography North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. For each segment, market size and forecast have been done on the basis of value (USD billion).
By Component | |
Roof Ditch Moldings | |
Door Seals | |
Glass Run Channels | |
Rear Windshield Seals |
By Exterior Seals | |
Trunk Seals | |
Hood Seals | |
Front Windshield Seals |
By Vehicle Type | |
Passenger Cars | |
Commercial Vehicles |
By Geography | |||||||
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Automotive Window and Exterior Sealing Systems Market Size Summary
The automotive window and exterior sealing systems market is poised for significant growth, driven by the increasing demand for vehicles due to rising population and urbanization. These sealing systems are crucial for protecting vehicle interiors from external elements such as pollution, rainwater, and noise, thereby enhancing safety and comfort. The market experienced a downturn during the Covid-19 pandemic due to manufacturing halts and reduced vehicle sales, but it is on a recovery path. The Asia-Pacific region is expected to dominate the market share, supported by the region's robust automobile production and availability of cost-effective resources. The growth in commercial vehicle sales, fueled by the expansion of e-commerce and construction activities, further propels the demand for these sealing systems.
The market landscape is characterized by fragmentation, with key players like Hutchinson Sealing Systems, Magna International Inc., and Rehau Group leading the charge. These companies are engaging in strategic partnerships and alliances with original equipment manufacturers (OEMs) to ensure a steady supply of sealing systems. Innovations and technological advancements are anticipated to create new opportunities, particularly in the Asia-Pacific region, where countries like China and Japan are witnessing substantial automotive growth. The market's expansion is also supported by the increasing adoption of electric and fuel cell vehicles, which require advanced sealing solutions to maintain efficiency and performance.
Automotive Window and Exterior Sealing Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size in Value USD Billion)
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2.1 By Component
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2.1.1 Roof Ditch Moldings
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2.1.2 Door Seals
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2.1.3 Glass Run Channels
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2.1.4 Rear Windshield Seals
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2.2 By Exterior Seals
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2.2.1 Trunk Seals
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2.2.2 Hood Seals
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2.2.3 Front Windshield Seals
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2.3 By Vehicle Type
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2.3.1 Passenger Cars
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2.3.2 Commercial Vehicles
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2.4 By Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Rest of North America
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Spain
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2.4.2.5 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 South Korea
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 United Arab Emirates
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2.4.5.2 Saudi Arabia
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2.4.5.3 Rest of Middle-East and Africa
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Automotive Window and Exterior Sealing Systems Market Size FAQs
What is the current Automotive Window and Exterior Sealing Systems Market size?
The Automotive Window and Exterior Sealing Systems Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Automotive Window and Exterior Sealing Systems Market?
Hutchinson Sealing Systems, Rehau Group, Magna International Inc., Cooper Standard Automotive Inc. and Minth Group Ltd are the major companies operating in the Automotive Window and Exterior Sealing Systems Market.