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Global Automotive Weatherstrips Market 2018-2022 | Key Insights and Forecasts | Technavio

November 28, 2018

LONDON--(BUSINESS WIRE)--Nov 27, 2018-- analysts forecast the global automotive weatherstrips market to grow at a CAGR of nearly 4% during the forecast period, according to their latest market research report. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.

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Technavio has released a new market research report on the global automotive weatherstrips market for the period 2018-2022. (Graphic: Business Wire)

Development of self-adhesive automotive weatherstrips is one of the major trends being witnessed in the . Automotive weatherstrips manufacturers are focusing on the development of self-adhesive automotive weatherstrips that are available with adhesive liquid on one side. This type of weatherstrip can be applied directly without requiring the need for a mechanic. Self-adhesive automotive weatherstrips are developed largely focusing on utilitarian purposes.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global automotive weatherstrips market is the increasing number of vehicles:

Global automotive weatherstrips market: Increasing number of vehicles

The growth of the global automotive weatherstrips market is primarily driven by the sale and production of automobiles. As each vehicle is equipped with certain units of automotive weatherstrips, the increasing production of passenger cars and commercial vehicles is expected to drive the demand for automotive weatherstrips during the forecast period. Automotive weatherstrips offer sealing of vehicle openings to prevent the entry of dust, wind, water, and noise to a certain extent. Every vehicle manufacturer uses a set of automotive weatherstrips to restrict noise and vibration within their vehicle.

According to a senior analyst at Technavio for research on automotive components, “In APAC, the growth of the automotive market can be attributed to the growth of the passenger car segment. Economic development in the developing countries within APAC, revival of the construction and agriculture industries, increasing per capita income, and low vehicle penetration are expected to drive the demand for new vehicles in APAC.”

Global automotive weatherstrips market: Segmentation analysis

The global automotive weatherstrips market research report provides market segmentation by end-user (passenger cars and commercial vehicles), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The passenger cars segment held the largest market share in 2017, accounting for over 71% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of over 54%. This region is expected to dominate the market through 2022, with a 2% increase in its market share.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181127005935/en/

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KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING CHEMICALS/PLASTICS AUTOMOTIVE AFTERMARKET GENERAL AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 11/27/2018 11:57 PM/DISC: 11/27/2018 11:57 PM

http://www.businesswire.com/news/home/20181127005935/en

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