Global Automotive Weatherstrips Market (2018-2022) with AkzoNobel, Cooper Standard, Henniges Automotive, Hutchinson, Hwaseung Industries, and Nishikawa Rubber Dominating - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 19, 2018--The “Global Automotive Weatherstrips Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The automotive weatherstrips market will register a revenue of more than USD 14 billion by 2022.
The increasing production of passenger cars and commercial vehicle is expected to drive the demand of automotive weatherstrips during our forecast period. The vehicle manufacturer uses a set of automotive weatherstrips to restrict noise and vibration within their vehicle.
The growth of the automotive market in APAC was attributed to the growth of the passenger car market during the forecast period. Factors such as increasing per capita income, revival of the construction and agriculture industries, and low vehicle penetration are expected to drive the demand for new vehicles in APAC. Therefore, this will rise to the high demand for automotive weatherstrips, which will subsequently drive the market growth.
Increased customization options within automotive weatherstrips
Vehicle manufactures are focusing on manufacturing vehicle designs that are unique in styling in order to increase the customer base. Majority of the vehicle designs have been copyrighted and cannot be copied by competitor vehicle companies. This will propel the demand for automotive weatherstrip vendors to invest to invest in advanced technologies to produce a unit of weatherstrip that perfectly matches the vehicle designs.
Fluctuation in oil prices
The price fluctuation of oil largely affects the production costs of the dependent industries, including the automotive weatherstrips market. The continuous volatility in the cost of oil is expected to hinder the market growth.
Market TrendsDevelopment of Self-Adhesive Automotive Weatherstrips Rising Average Life of Vehicles Use of Specialty Vehicle Doors
Key PlayersAkzoNobel Cooper Standard Henniges Automotive Hutchinson Hwaseung Industries Nishikawa Rubber
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Customer Landscape
8. Market Segmentation by End-User
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/kgttgj/global_automotive?w=4
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Related Topics:Automotive Body, Trim and Glass
INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Research and Markets
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PUB: 12/19/2018 08:56 AM/DISC: 12/19/2018 08:56 AM