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Automotive Window and Exterior Sealing Systems Market worth 25.69 Billion USD by 2021
The report "Automotive Window and Exterior Sealing Systems Market by Component Type (Glass Run Channels, Roof Ditch Molding, Exterior Seals (Front Windshield, Hood Seals, Trunk Seals)), Vehicle (PC, LCV, HCV and EV), and Region - Global forecast to 2021", The global automotive window and exterior sealing systems market is estimated to be USD 18.26 Billion in 2016, and is projected to grow at a CAGR of 7.07% from 2016 to 2021, to reach USD 25.69 Billion by 2021. The growth of this market is fueled by technological developments and increased vehicle manufacturing in the emerging economies due to urbanization.
Browse 75 market data tables and 42 figures spread through 128 pages and in-depth TOC on “Automotive Window and Exterior Sealing Systems Market by Component Type (Glass Run Channels, Roof Ditch Molding, Exterior Seals (Front Windshield, Hood Seals, Trunk Seals)), Vehicle (PC, LCV, HCV and EV), and Region - Global forecast to 2021”
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Glass Run Channel type sealing systems to hold the largest share in the automotive window and exterior sealing systems market, by component type
The glass run channel type sealing systems is estimated to account for the largest share in the global automotive window and exterior sealing systems market. The glass run channels has a primary advantage, because this type seal is used in all passenger and commercial vehicle (CV), not unlike other seals which are used in passenger cars (PC) more but not in commercial vehicles. For example – roof ditch seals which are not used in CV, but used in PC.
Passenger Cars: A promising market due to the increase in high global production
Passenger cars are expected to constitute the largest share, in term of value, in the global automotive window and exterior sealing systems market. This can be attributed to the growing need of personal cars and private cab’s in the emerging economies. It has triggered the demand for sealing systems, from passenger car manufacturer side. The demand is expected to increase in developing and developed countries such as China, Japan, Germany and U.S.A, where major car manufacturers are located.
Asia-Pacific: Largest market for automotive window and exterior sealing systems
Asia-Pacific is estimated to account for the largest share, in terms of value, of the global automotive window and exterior sealing systems market in 2016. The region comprises some of the fastest developing economies in the world, including China, India, and Korea. This has led to an increase in vehicle production volumes over the years, with OEMs catering not only to the domestic demand but to overseas demand as well.
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