Global Automotive Window And Exterior Sealing Systems Market Was 10.93 Billion US$ In 2017
Tuesday, 11 Dec, 2018
Asia Pacific region, especially China is estimated to account for the largest share, in terms of value, of the global automotive window and exterior sealing systems market in 2017. 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.
The global Automotive Window and Exterior Sealing Systems market was 10.93 billion US$ in 2017 and is expected to 13.54 billion US$ by the end of 2025, growing at a CAGR of 2.71% between 2018 and 2025.
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 USA, where major car manufacturers are located.
The ecosystem of the automotive window and exterior sealing systems industry consists of manufacturers such as Cooper Standard, Toyoda Gosei, Hutchinson, Henniges, Nishikawa Rubber, SaarGummi, Kinugawa and Magna. Among those players, Cooper Standard dominates the market globally, accounting for over 17% market share in 2017.