Automotive Windows and Exterior Sealing Market Forecasts to 2030 – Global Analysis By Type (Glass Run Channel Seals, Roof Ditch Molding Seals and Exterior Sealing), Vehicle Types (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles and El

Automotive Windows and Exterior Sealing Market Forecasts to 2030 – Global Analysis By Type (Glass Run Channel Seals, Roof Ditch Molding Seals and Exterior Sealing), Vehicle Types (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles and Electric Vehicles), Material, Application and By GeographyAccording to Stratistics MRC, the Global Automotive Windows and Exterior Sealing Market is accounted for $8.47 billion in 2023 and is expected to reach $13.70 billion by 2030 growing at a CAGR of 7.1% during the forecast period. Automotive window and exterior sealing products are used to affix two or more auto body components while forming a barrier that is watertight, airtight, dust-resistant, and/or noise-reducing. Numerous materials, such as rubber, urethane, EPDM, PVC, neoprene, and polyurethane foam, can be used to create them. To meet the unique requirements of each application, a variety of sizes and shapes are offered for automotive window and exterior sealing products.

According to International Organization of Motor Vehicle Manufacturers (OICA), the global vehicle production surpassed 80,145,988 units in 2021, with a rise of around 3% as compared to the previous year.

Market Dynamics:

Driver:

Rising demand for commercial vehicle sales

Due to the growing urbanization and population, there is an increasing need for transportation, which increases the demand for automobiles and, consequently, for automotive window and sealing systems. Additionally, the growth in construction and e-commerce activities increased the need for material transportation, which in turn led to an increase in commercial vehicle sales across the globe. This will probably fuel the market for commercial vehicles in the near future.

Restraint:

Fluctuating raw material prices

The automotive windows and exterior sealing industry heavily relies on raw materials like glass, rubber, and plastics. Fluctuations in the prices of these materials can impact manufacturing costs. Additionally, automotive industry is subject to various safety and environmental regulations. Compliance with these regulations can require significant investments in research and development adding to the operational costs of manufacturers.

Opportunity:

Growing electric vehicle market

Due to their low emissions while offering effective power and mileage, electric and hybrid electric vehicles, as well as other emerging technologies like fuel cells, are becoming highly popular. EVs and other low-emission vehicles are already under a lot of pressure from governments in Europe, the UK, Japan, and the US. This estimates that OEMs will probably keep creating more EVs, which will provide numerous opportunities for the market to grow.

Threat:

Availability of alternative technologies

An increasingly popular alternative to roof ditch molding that provides best-in-class finishing and keeps water, air, and dust out of the interior of the car is laser welding technology. By doing away with the traditional roof ditch molding seals, the BMW Group and Volkswagen Group are providing their customers with a premium finish owing to their developed roof laser welding technology. This innovation might hinder the market in the near future from adopting roof ditch molding.

Covid-19 Impact:

Due to numerous government-imposed lockdowns brought on by the COVID-19 pandemic, the market had a negative impact. As a result, many production units and vehicle sales stopped. The installation of window or exterior sealing systems has been reduced by businesses due to the recent decline in automobile production. Automotive window and exterior sealing systems were also installed less frequently as a result of the decline in vehicle production.

The glass run channel seals segment is expected to be the largest during the forecast period

Over the course of the forecast period, the glass-run channel seals segment is anticipated to account for a sizable portion of the automotive window and exterior sealing market. The use of glass channel sealing in all conventional passenger and commercial vehicles is primarily responsible for this growth. These seals keep the window glass from rattling, offer cushioning to lessen vibrations, and keep the glass fixed firmly, which helps to make the ride quieter and more comfortable. Such elements are accelerating the segment's growth.

The passenger cars segment is expected to have the highest CAGR during the forecast period

The Passenger Cars segment is anticipated to have the highest CAGR during the projected period. This segment is growing as a result of factors like rising disposable incomes, changing lifestyles, and a growing preference for personal vehicles. Furthermore, technological advancements and the availability of cutting-edge technologies like voice assistants, in-car entertainment systems, and smart safety measures are also expected to increase demand for passenger cars.

Region with largest share:

During the forecast period, North America is anticipated to be the market with the largest automotive window and exterior sealing sales. This is attributed to both an increase in the production of luxury and premium vehicles in this area and a rise in their demand. The market in the area is being driven by the region's rising vehicle demand, rising vehicle production, and rising number of auto assembly plants. The market in North America is additionally supported by the region's abundance of suppliers and original equipment manufacturers.

Region with highest CAGR:

The automotive window and exterior sealing market is anticipated to grow at the highest rate during the forecast period in the Asia Pacific region. This is due to the region's expanding automotive industry. Some of the major nations in this region include China, India, and Japan. Significant opportunities are anticipated to be generated in this region by technological advancement. In addition, it is anticipated that the Asia-Pacific market will grow as a result of the region's access to cheap labor and other resources.

Key players in the market

Some of the key players in Automotive Windows and Exterior Sealing market include Cooper Standard Automotive Inc., Dura Automotive Systems, Henniges Automotive Holdings Inc., Hutchinson Sealing Systems, Lauren Plastics LLC, Magna International Inc., Minth Group Ltd, PPAP Automotive, Rehau Automotive S.R.O, Saar Gummi Group, Standard Profil, Sumitomo Chemical Co., Ltd and Toyoda Gosei Co., Ltd.

Key Developments:

In April 2023, Hutchinson Rolls Out Its Flush Technology In The Range Rover Segment. This new technology, which can be adapted to individual customer and market requirements, will soon be introduced to other manufacturers in Asia, Europe, and the USA. Hutchinson’s technical solution could impact other segments of the automotive market, particularly mid-range vehicles.

In April 2023, Toyoda Gosei Co., Ltd. has developed the world’s first automobile emblem that is both transparent to millimeter wave radar and luminescent. This product will be used on the new Lexus RZ battery electric vehicle (BEV) from Toyota Motor.

In March 2023, Hutchinson unveils an expansion to its production site specialized in the manufacture of composite aerospace parts and cabin insulation solutions in Morocco. This 18,700 sq. m addition, dedicated to the manufacture of composite equipment and insulation blankets, will support the growth of aerospace activities in Morocco and consolidate Hutchinson's production capacity for the Boeing B787/B777 and Airbus A330/A220 programs, starting in 2023.

Types Covered:
• Glass Run Channel Seals
• Roof Ditch Molding Seals
• Exterior Sealings

Vehicles Types Covered:
• Passengers Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Electric Vehicles

Materials Covered:
• Ethylene Propylene Diene Terpolymer (EPDM)
• Poly Vinyl Chloride (PVC)
• Thermoplastic Elastomers (TPE)
• Silicone
• Other Materials

Applications Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements



• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking