Automotive Window and Exterior Sealing by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive Window and Exterior Sealing 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.
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.
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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)
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 report table of contents includes:
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