Rubber Moulding Market Scope
Rubber molding is the process of shaping rubber into functional products in the automotive industry. Rubber molding products are enclosed in a mold cavity and are then changed into the desired shape. Rubber molded components are used in some major areas which include solenoid valves, brakes, clutch assemblies, transmissions, electric motors, engines, batteries, steering, and air conditioning systems. Advancements with respect to the equipment and new ways of manufacturing tiny parts are also keeping the rubber molding industry on the cutting edge of innovation. The introduction of robotics is simplifying the manufacturing process and making it easier for the companies. The increasing use of soy oil in order to enhance rubber car parts are some factors that contribute to fuel the market growth. Soy oil improves rubber stretching ability and reduces environmental impact.
According to AMA, the Global Rubber Moulding market is expected to see growth rate of 5.9% Research Analyst at AMA estimates that European Manufacturers will contribute to the maximum growth of Global Rubber Moulding market throughout the predicted period.
Trelleborg AB (Sweden), Toyoda Gosei Co., Ltd. (Japan), Federal-Mogul Corporation (United States), NOK Corporation. (Japan), Hutchinson SA (France), Sumitomo Riko Co., Ltd. (Japan), AB SKF (Sweden), Continental AG (Germany), Freudenberg and Co. Kg (Germany) and Dana Holding Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Cooper-Standard Holdings Inc. (United States).
Segmentation Overview
The study have segmented the market of Global Rubber Moulding market by Type (Liquid Injection Molding, Compression Molding, Transfer Molding and Others) and Region with country level break-up.
On the basis of geography, the market of Rubber Moulding has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Influencing Trend:
Technological advancements associated with Rubber Moulding and Growing adoption of the lightweight materials in automobiles and stringent regulations set by the government for fuel efficiency, emission, and safety norms
Market Growth Drivers:
The increasing vehicle production in developing countries and The rising demand for lightweight materials
Restraints:
The price volatility, shortage of advanced raw material, and regulatory issues
Opportunities:
The improving living standards and growing urbanization which have in turn increased the demand for advanced automobiles, production at faster rates, rapid industrialization, and modernization of industrial machinery
Key Target Audience
Rubber Moulding Manuafcaturere, Distributors, Suppliers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.