The automotive window and exterior sealing global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automotive Window and Exterior Sealing Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Automotive Window and Exterior Sealing Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automotive Window and Exterior Sealing Market Overview
Market Drivers –
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.
Market Trends –
Product innovations are a key trend gaining popularity in the automotive window and exterior sealing markets. Major companies operating in the market are introducing innovative products to sustain their position in the automotive window and exterior sealing market. For instance, in February 2022, Goobi Glass LLC, a US-based company that manufactures glasses for the automotive, launched colored glass for automobiles, the world’s first patented technology. This product is suitable for sunroofs, windows, and windscreens and comes in various colors, including 75 distinct shades and the option to customize more than 18,000 different colors. Goobi Glass offers the advantages of chromotherapy in addition to helping automobile owners enhance the aesthetics of their vehicles.
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)
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Regional Insights –
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
Key Companies –
Major companies operating in the automotive window and exterior sealing market report are Microsoft Corporation, Google LLC, Sony Corporation, Magic Leap Incorporated, Wikitude GmbH, Zugara Inc., Apple Inc., Blippar Limited, Infinity Augmented Reality Limited, Niantic Inc., Zappar Limited., PTC Inc., Daqri LLC, Lenovo, Seiko Epson, Vuzix, Alphabet Inc., Meta Platforms Inc., Snapchat, HP Autonomy, Augment, Marxent, Catchoom, Vuforia (PTC), ViewAR, Upskill, Scope AR, Adtile Technologies, Inlighten, Total Immersion, Re’Flekt, Vertebrae, 8th Wall Inc., Mirum Agency, INDEstry, Third Aurora .
Table of Contents
1. Executive Summary
2. Automotive Window and Exterior Sealing Market Report Structure
3. Automotive Window and Exterior Sealing Market Trends And Strategies
4. Automotive Window and Exterior Sealing Market – Macro Economic Scenario
5. Automotive Window and Exterior Sealing Market Size And Growth
…..
27. Automotive Window and Exterior Sealing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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