Owing to the changes in the Global Automotive Rubber Molded Components market, the Automotive industry is changing in the forecasted period from 2019 to 2026. The Global Automotive Rubber Molded Components market report is a window to the Global Automotive Rubber Molded Components market while explaining market definition, classifications, applications, engagements, and market trends.
The report also contains SWOT analysis for the Global Automotive Rubber Molded Components market which clarifies what the market drivers and restraints are, and also illustrates the recent developments, product launches, joint ventures, mergers and accusations by the several key players and brands that are driving the market.
Global Automotive Rubber Molded Components Market is set to rise from its initial estimated value of USD 35.01 billion in 2018 to an estimated value of USD 57.51 billion by 2026, registering a CAGR of 6.4% in the forecast period of 2019-2026. This rise in market value can be attributed to the innovations and advancements in the rubber molding market along with the rising number of vehicle sales.
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Global Automotive Rubber Molded Components Market, By Material (EPDM, NR, SBR, Others), Vehicle Type (Passenger Car, LCV, HCV, Others), Components (Seals, Weather Strips, Gaskets, Hoses, Grommets, Bellows, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026
Increase in vehicle sales and high growth in the automotive vehicles market is expected to drive the market growth
Advancements in the market and innovative production methods is expected to drive the market growth
Instability in the technological demands and changes to the applicable market is expected to restrain the market growth
Volatile raw material prices and lack of raw materials in the developing regions for the market is also expected to restrain the market growth
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- By Material (Ethylene Propylene Diene Monomers (EPDM), Natural Rubber (NR), Styrene-Butadiene Rubber (SBR), Others)
- By Vehicle Type (Passenger Car, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV), Others)
- Components (Seals, Weather Strips, Gaskets, Hoses, Grommets, Bellows, Others)
- By Geography (North America, South America, Europe, Asia Pacific, Middle East and Africa)
- Continental AG
- Dana Limited
- Federal-Mogul LLC
- Cooper Standard
- TOYODA GOSEI Co. Ltd.
- Sumitomo Riko Company Limited
- Freudenberg & Co. KG
- Trelleborg AB
- ALP GROUP
- Bohra Rubber Pvt. Ltd.
- Hebei Shida Seal Group Co. Ltd.
- NOK CORPORATION
- Steele Rubber Products
- Rubber The Right Way
- Timco Rubber
- Tubular Products Company
- CGR Products
- Minnesota Rubber and Plastics.
Table of Contents
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Industry Type
10.2. North America
10.5. South America
10.6. Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
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Global automotive rubber molded components market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive rubber molded components market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Developments in the Market:
In August 2018, United States Environmental Protection Agency issued a revised proposal setting more flexible standards and regulations regarding the production and operations of a vehicle. This step is expected to increase the vehicles sales.
In January 2015, Continental AG announced that they had completed the acquisition of Veyance Technologies Inc., impacting the position of the company in the rubber and plastics market signifying its share and emphasizing growth in the sector.
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