Overview and Scope
An automotive window refers to a transparent opening in a vehicle that allows vision out of the sides or back and usually is capable of being opened. The exterior sealant refers to the sealant applied around and inside the doors, trunk, and front dash, and onto the exterior and interior of metal joints and the outer area of the back wheel well. It is used to provide innate strength and safety.
Sizing and Forecast
The automotive window and exterior sealing market size has grown strongly in recent years. It will grow from $24.54 billion in 2023 to $26.53 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to vehicle production growth, stringent automotive safety standards, consumer demand for noise reduction, increasing emphasis on vehicle aesthetics, globalization of automotive supply chains..
The automotive window and exterior sealing market size is expected to see strong growth in the next few years. It will grow to $35.94 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to rise in autonomous vehicle adoption, stringent environmental regulations, demand for enhanced weather resistance, focus on energy-efficient vehicles, innovations in seal manufacturing processes.. Major trends in the forecast period include advancements in sealing technologies, development of self-healing seals, customization for luxury and premium vehicles, integration of advanced materials, collaborations for innovation..
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The automotive window and exterior sealing market covered in this report is segmented –
1) By Component Type: Exterior Sealing, Glass Run Channel Seals, Roof Ditch Molding Seals
2) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicles, Heavy Vehicles, Electric Vehicle
3) By Application: Aftermarket, OEM(Original Equipment Manufacturer)
North America was the largest region in the automotive window and exterior sealing market in 2023. Asia-Pacific is expected to be the automotive window and exterior sealing market during the fastest-growing region in the forecast period. The regions covered in the automotive window and exterior sealing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing commercial vehicle sales are expected to propel the growth of the automotive window and exterior sealing market going forward. A commercial vehicle (CV) refers to any vehicle used to transport goods or passengers for the profit of an individual or business. Automotive window and exterior sealing systems are used to protect the interior and exterior parts of the commercial vehicle from noise, dirt, and rainwater. For instance, in August 2022, according to The Society of Motor Manufacturers and Traders, a UK-based trade association, commercial vehicle production was up by 46.9% reaching 58,693 units in 2022. Moreover, according to Fleet Europe, a UK-based fleet publication, light commercial vehicle sales reached 355,380 units in 2021, which was up by 21.4% compared to the previous year. Therefore, growing commercial vehicle sales are driving the growth of the automotive window and exterior sealing market.
Key Industry Players
Major companies operating in the automotive window and exterior sealing market are increasing their focus on introducing innovative sealants to gain a competitive edge in the market. Innovative sealants refer to advanced materials or substances designed to create effective and durable seals for various applications. For instance, in July 2021, Caltex, a Singapore-based automobile company, launched a patent-pending product named ResistAll 360. This innovative product features a combination of graphene and ceramic technology, which provides smooth, long-lasting exterior protection by sealing microscopic pores on the surface of the vehicle’s clear coat. The ResistAll 360 product line includes spray-on paint sealant, fabric sealant, and leather vinyl sealant, protecting all 360 degrees of the vehicle, from its interior to its exterior and from top to bottom.
The automotive window and exterior sealing market report table of contents includes:
1. Executive Summary
2. Automotive Window and Exterior Sealing Characteristics
3. Automotive Window and Exterior Sealing Trends And Strategies
4. Automotive Window and Exterior Sealing – Macro Economic Scenario
5. Global Automotive Window and Exterior Sealing Size and Growth
…..
32. Global Automotive Window and Exterior Sealing Competitive Benchmarking
33. Global Automotive Window and Exterior Sealing Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Window and Exterior Sealing
35. Automotive Window and Exterior Sealing Future Outlook and Potential Analysis
36. Appendix
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