Research Report on Automotive Windows and Exterior Sealing Market to Discover Industrial Insights
Transparency Market Research has published a new report on the global automotive windows and exterior sealing market for the forecast period of 2019–2027. According to the report, the global automotive windows and exterior sealing market is projected to reach a valuation of ~US$ 26 Bn by 2027, expanding at a CAGR of ~4% during the forecast period.
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- According to the report, the global automotive
windows and exterior sealing market is likely to be driven by the
expansion of the automotive industry in developing economies such as
India, Brazil, and countries in the ASEAN region.
- Increasing size of windshields, especially
rear windshields, is likely to boost the automotive windows and exterior
sealing market. Windshields are becoming stronger, lighter, and also
growing in size, with some vehicles featuring very large windshields,
while others featuring a full glass canopy. In some cases, the surface
area encompassed by windshields surpasses 2.5 square meters from the front
to the back.
- The high demand for SUVs, crossovers, and
hatchbacks is driving the passenger vehicles segment, thereby boosting the
growth of the automotive windows and exterior sealing market. Increased
buying power and preference for private transport are factors driving the
passenger vehicles segment in the global automotive windows and exterior
sealing market.
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Expansion of Global Automotive Windows and Exterior
Sealing Market
- Consistent rise in the penetration of premium
vehicles across different countries, including China, Germany, Japan,
France, the U.K., and the U. S., is a prominent factor driving the global
automotive windows and exterior sealing market.
- Rise in global warming and ozone layer
depletion has fueled concerns about skin damage on account of ultraviolet
rays. Solar reflective windows are presently gaining popularity in the
automobile industry. Solar reflective windows are increasingly replacing
conventional windows, as they considerably reduce the effect of UV rays on
interior trims and provide passengers with more comfort. The rising demand
for solar effective windows is projected to boost the demand for windows
sealing, exponentially.
Based on component, the global automotive windows
and exterior sealing market has been classified into glass run channel, roof
ditch molding, front windshield, rear windshield, hood, trunk, door, inner
& outer belt, and others. The glass run channel segment held a significant
share of the global automotive windows and exterior sealing market. The door
segment accounted for the second-largest share of the market, owing to the
extensive usage of door sealing in vehicles. Increasing penetration of sunroof
systems in the automotive industry is projected to propel the roof ditch
molding segment significantly in the automotive windows and exterior sealing
market during the forecast period.
Regional Analysis of Global Automotive Windows and
Exterior Sealing Market
In terms of region, the global automotive windows
and exterior sealing market has been divided into North America, Latin America,
Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific held a
prominent share of the market in 2018. The region accounted for
nearly half the global automotive windows and exterior sealing market, due to
the higher production of vehicles in China and Japan. Furthermore, the adoption
and production of electric vehicles in China is higher as compared to that in
other countries, owing to government incentives and norms, which, in turn, is
likely to further boost the automotive windows and exterior sealing market in
the region.
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Prominent players operating in the global
automotive windows and exterior sealing market include Cooper-Standard
Holdings, Inc., Henniges Automotive Holdings Inc., Hutchinson SA, Lauren
International Ltd., Magna International Inc., Minth Group Ltd., PPAP Automotive
Ltd., Rehau Automotive S.R.O., Saar Gummi Czech S.R.O., Standard Profil AS, and
Toyoda Gosei Co., Ltd.
About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers Market Analysis Reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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