Industry Background:
Automotive Sealing Strip is a process of sealing openings in the automotive. The automotive sealing market is expected to grow with rising demand for Passenger & Commercial Vehicle Market. The automotive strip is widely used in aboard automobiles, and can be found anywhere the interior compartment must be sealed from the environment. It must be cohesive and functional with the body design of the vehicle.This growth is primarily driven by Wide Range of Applications in Automotive Industry
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | Square Meters |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Automobiles sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as ContiTech (Germany), Cooper Standard (United States), Toyoda Gosei (Japan), Hutchinson (France), Standard Profil (Turkey), Henniges (United States), AKKA Technologies Group (MBtech Group) and REHAU (Switzerland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In May 2022, Henniges Automotive Holdings, Inc., a leading supplier of highly engineered sealing systems for the global automotive market, established a strategic joint venture with Chinese auto parts manufacturer Guizhou Guihang Automotive Components Co., Ltd. . market. This strategic joint venture will turn Henniges' current China operation into Guizhou Hongyang Sealing Parts Co., Ltd. and Shanghai Hongyang Sealing Parts Co., Ltd. (a subsidiary of Guizhou Hongyang Automotive Components in charge of the sealing system business). The new joint venture is named Henniges (China) Sealing Systems Co., Ltd., with Henniges Automotive retaining majority control.Weather Strip seal in automotive doors system plays a vital role in determining closing efforts, noise inside the vehicle and isolating the passenger compartment from the water. The growing demand in the automotive industry is driving the market demand for adhesives and sealants. The current structure of the adhesives and sealants industry is highly conducive to M&A activity.
Regulatory Insights:
According to the regulatory body, Weatherstripping should be applied to clean, dry surfaces in temperatures above 20°F (-7° C). Measure the area to be weather-stripped twice before making a cut. Apply to weatherstrip snugly against both surfaces. The material should compress when the window or door is shut.
Influencing Trend:
Use of Thermoplastic Material in Automotive Industry
Market Growth Drivers:
Wide Range of Applications in Automotive Industry, Rise in Demand For Automotive Sealing Strip in Emerging Market and Growing Passenger & Commercial Vehicle Market Globally
Challenges:
Stringent Government Regulations Related To Reshaping And Packaging Tapes
Restraints:
Rise in Raw Material Prices
Opportunities:
Emerging Economies in the Asia Pacific Region and Emerging Electrical Vehicle Market Globally
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Automotive Sealing Strip Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Automotive Sealing Strip Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Automotive Sealing Strip players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Automotive Sealing Strip Study Sheds Light on
The Automotive Sealing Strip Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Sealing Strip industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Sealing Strip industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.