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Growing Vehicle Demand is Driving Automotive Window and Sealing Systems Market. The global automotive window and sealing systems market is expected to surpass $38.7 billion by 2025, witnessing a CAGR of 7.6% during 2018u20132025.
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Automotive Window and Sealing Systems Market Future Growth Analysis and Challenges Growing Vehicle Demand is Driving Automotive Window and Sealing Systems Market. The global automotive window and sealing systems market is expected to surpass $38.7 billion by 2025, witnessing a CAGR of 7.6% during 2018–2025. The global automotive window and sealing systems market is forecasted to reach $38.7 billion by 2025, registering a CAGR of 7.6% during the forecast period. The market has witnessed significant growth in recent years, owing to factors such as growth in the vehicle market and efforts made by automotive OEMs toward increasing the fuel economy of vehicles through the use of modified polymers. On the basis of component, the automotive window and sealing systems market is categorized into glass run channel, waist belt seal, roof ditch molding, hood seal, trunk seal, front windshield seal, door seal, rear windshield seal, sunroof seal, encapsulated glass, corner molding, and end cap. Of these, glass run channel dominated the market in 2017, accounting for around 15% market share in terms of value. In addition, the market for glass run channel is projected to reach 783.5 million units by 2025, which can be mainly attributed to the high utilization of glass run channels by OEMs and the aftermarket. Drivers The automotive window and sealing systems market is predominantly driven by the growing vehicle market and continuous efforts by automotive OEMs toward increasing the fuel economy of vehicles
through the use of modified polymers. Urbanization, around the world, has been on the rise, particularly in the developing and densely populated countries of the world such as China and India. Besides, the living standard of the inhabitants of these countries has improved considerably over the past few years, boosting their purchasing capability. This has resulted in the increased adoption of automobiles in these countries, which, in turn, has led to the increased demand for automotive window and sealing systems in the market. With continuous research and development in the polymer technology, OEMs have been able to introduce improved and cost-effective polymers for use in automotive window and sealing systems. These polymers help decrease the overall weight of the vehicle, thus contributing to savings in fuel consumption. On an average, a 10% reduction in the vehicle weight helps save 4–7% of the total fuel consumption. Given the declining crude oil reserves and rising fuel prices, the demand for modified polymers is expected to further increase in the near future, which, in turn, will drive the automotive window and sealing systems market growth. Make Enquiry Before Buying the Report@ https://www.psmarketresearch.com/send-enquiry?enquiry- url=automotive-window-and-sealing-systems-market Automotive Window and Sealing Systems Market Competitive Landscape Some of the key players in the global automotive window and sealing systems market are Cooper- Standard Holdings Inc., Magna International Inc., MINTH Group Ltd., PPAP Automotive Limited, DURA Automotive Systems, TOYODA GOSEI Co. Ltd., Lauren Manufacturing Company, Henniges Automotive, and Hutchinson.
