Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Automotive Rubber-Molded Component Market Size is Expected to Grow from USD 56.4 Billion in 2023 to 87.4 Billion by 2033, at a CAGR of 6.78% during the forecast period 2023-2033.
The automotive rubber-molded component market is the business engaged in designing, producing, and distributing rubber-molded components that are utilized within automobiles for sealing, damping vibration, insulation, and protection. The components are produced from materials such as natural rubber, EPDM, and silicone and ensure increased vehicle durability, performance, and safety on passenger and commercial vehicles. Moreover, the automotive rubber-molded component market is spurred by increased vehicle manufacturing, demand for lightweight and resilient materials, and technological improvements in rubber compounding. The increasing use of electric vehicles (EVs), tough regulations on safety, and requirements for vibration-damping and sealing solutions also fuel market growth in automotive applications. However, the automotive rubber-molded component market is confronted with constraints like fluctuating raw material prices, strict environmental regulations on rubber processing, increasing competition from substitute materials, and recycling and sustainability challenges of rubber components.
The ethylene propylene diene monomer (EPDM) segment accounted for the largest share of the global automotive rubber-molded component market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the material type, the global automotive rubber-molded component market is divided into ethylene propylene diene monomer (EPDM), natural rubber (NR), styrene-butadiene rubber (SBR), and others. Among these, the ethylene propylene diene monomer (EPDM)segment accounted for the largest share of the global automotive rubber-molded component market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is powered by its higher durability, heat and weather resistance, and flexibility. Used extensively in seals, gaskets, hoses, and weatherstrips, EPDM's affordability and performance make it the material of choice in automotive use.
The seals segment accounted for a substantial share of the global automotive rubber-molded component market in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of the component type, the global automotive rubber-molded component market is divided into seals, gaskets, hoses, weather-strips, and others. Among these, the seals segment accounted for the largest share of the global automotive rubber-molded component market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is probed by growing vibration dampening needs, noise lowering, and defending against water and dust invasion. Rubber seals are essential in engines, windows, doors, and fuel systems to support vehicle performance, safety, and comfort.
Asia Pacific is projected to hold the largest share of the global automotive rubber-molded component market over the projected period.
Asia Pacific is projected to hold the largest share of the global automotive rubber-molded component market over the projected period. This is driven by the high production of vehicles in nations such as China, India, and Japan, a robust auto supply base, and increasing demand for electric and fuel-efficient cars. Moreover, the concentration of leading vehicle manufacturers and rubber component suppliers enhances regional dominance.
North America is expected to grow at the fastest CAGR of the global automotive rubber-molded component market during the projected period. This is prompted by growing electric vehicle (EV) uptake, rising demand for light and long-lasting materials, and stricter requirements for vehicle safety and emissions. Moreover, advancements in rubber compounding technology and rising investments in automotive production power market growth.
Company Profiling
Major vendors in the global automotive rubber-molded component market are AB SKF, Continental AG, Cooper-Standard Automotive, DANA Holding Corporation, Federal-Mogul Corporation, Freudenberg and Co. Kg, Hutchinson SA, NOK Corporation, Sumitomo Riko Co. Ltd, Trelleborg AB, ALP Group, Bohra Rubber Pvt. Ltd, Hebei Shinda Seal Group, Steele Rubber Products., and others.
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global automotive rubber-molded component market based on the below-mentioned segments:
Global Automotive Rubber-Molded Component Market, By Material Type
Global Automotive Rubber-Molded Component Market, By Component Type
Global Automotive Rubber-Molded Component Market, By Regional
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