Summary
Major players in the automotive window and exterior sealing market are Hutchinson SA, Magna International Inc., Minth Group Ltd., PPAP Automotive Limited, Rehau Group, Toyoda Gosei Co. Ltd., Cooper-Standard Automotive Inc., Xinyi Glass Holdings Limited, Saar Gummi Group, SR3 Corporation, AGC Inc., Anagha ASF LLP, Saint-Gobain SA, Sika AG, and Nippon Sheet Glass Co Ltd.
The global automotive window and exterior sealing market are expected to grow from $22.84 billion in 2022 to $24.80 billion in 2023 at a compound annual growth between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive window and exterior sealing market are expected to reach $32.97 billion in 2027 at a CAGR of 7.4%.
The automotive window and exterior sealing market consist of sales of glass encapsulations, hood seals, trunk seals, and waist seals.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
An automotive window refers to a transparent opening in a vehicle that allows vision out of the sides or back and usually is capable of being opened.The exterior sealant refers to the sealant applied around and inside the doors, trunk, and front dash, and onto the exterior and interior of metal joints and the outer area of the back wheel well.
It is used to provide innate strength and safety.
North America was the largest region in the automotive window and exterior sealing market in 2022.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the automotive window and exterior sealing report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of automotive window and exterior sealing are exterior sealing, glass run channel seals, and roof ditch molding seals.Roof moldings refer to decorative components that serve to cover gaps between the roof panel and the side panels.
The various vehicle types include passenger vehicles, light commercial vehicles, heavy vehicles, and electric vehicles. These are used for aftermarket, OEM(original equipment manufacturer)
The growing commercial vehicle sales are expected to propel the growth of the automotive window and exterior sealing market going forward.A commercial vehicle (CV) refers to any vehicle used to transport goods or passengers for the profit of an individual or business.
Automotive window and exterior sealing systems are used to protect the interior and exterior parts of the commercial vehicle from noise, dirt, and rainwater. For instance, in August 2022, according to The Society of Motor Manufacturers and Traders, a UK-based trade association, commercial vehicle production was up by 46.9% reaching 58,693 units in 2022. Moreover, according to Fleet Europe, a UK-based fleet publication, light commercial vehicle sales reached 355,380 units in 2021, which was up by 21.4% compared to the previous year. Therefore, growing commercial vehicle sales are driving the growth of the automotive window and exterior sealing market.
Product innovations are a key trend gaining popularity in the automotive window and exterior sealing markets.Major companies operating in the market are introducing innovative products to sustain their position in the automotive window and exterior sealing market.
For instance, in February 2022, Goobi Glass LLC, a US-based company that manufactures glasses for the automotive, launched colored glass for automobiles, the world’s first patented technology.This product is suitable for sunroofs, windows, and windscreens and comes in various colors, including 75 distinct shades and the option to customize more than 18,000 different colors.
Goobi Glass offers the advantages of chromotherapy in addition to helping automobile owners enhance the aesthetics of their vehicles.
In April 2021, Safelite Group, a US-based company that provides vehicle glass repair, replacement, and calibration services, acquired Troy Auto Glass Co Inc for an undisclosed amount.Through this acquisition, Safelite Group would help Troy Auto Glass business to grow by providing sophisticated safety systems, a distribution network, and its commercial ties.
Troy Auto Glass Co Inc is a US-based automotive glass repair and replacement and exterior sealing service provider.
The countries covered in the automotive window and exterior sealing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The automotive window and exterior sealing market research report is one of a series of new reports that provides automotive window and exterior sealing market statistics, including automotive window and exterior sealing industry global market size, regional shares, competitors with an automotive window and exterior sealing market share, detailed automotive window and exterior sealing market segments, market trends, and opportunities, and any further data you may need to thrive in the automotive window and exterior sealing industry. This automotive window and exterior sealing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
