Automotive Window and Exterior Sealing Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Automotive Window and Exterior Sealing Systems Market is segmented by Component (Roof Ditch Moldings, Door Seals, Glass Run Channels, and Rear Windshield Seals), Exterior Seals (Trunk Seals, Hood Seals, and Front Windshields Seals), Vehicle Types (Passenger Cars and Commercial Vehicles), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers market size and forecasts for Automotive Composites in Volume and Value (in USD billion) for all the above segments.

Market Snapshot

Automotive Window and Exterior Sealing System Market Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >6 %

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Market Overview

Automotive Window and Exterior Sealing Systems estimated at USD 21.7 Billion in the year 2020, is projected to reach USD 31.2 Billion by 2026. The automotive window and exterior sealing systems market is anticipated to register a CAGR of over 6%, during the forecast period.

The automotive industry is experiencing a transition based on rapid and ongoing innovation. Original equipment manufacturers (OEMs) are emphasizing using technologies that make vehicles more efficient.

The market studied is growing, as it is one of the essential safety systems for the vehicle. These sealings are majorly used to protect the interior of the vehicle from pollution, rainwater, and exterior noise. The sealing frames prevent the degradation of glass structure due to water and the occurrence of wind noise. The use of window channel covers shelters, the interior of the vehicle from dirt ingress, and noise emission.

The local players have a lot of scope in the aftermarket segment. After the warranty expires, the vehicle owners generally prefer to go to local garages and workshops, to get window seals and other related products replaced. The reason for preferring these garages can be attributed to the availability of spare parts and inexpensive, as compared to authorized showrooms.

Additionally, e-commerce and e-tailing are popular and the consumers are buying spare parts online and getting them fixed at the local shops. For instance, the revenue of the Original Equipment Supplier-Do it For Me (OES DIFM) automotive parts’ aftermarket in the United States is expected to increase, reaching USD 18 billion in 2025, as compared to USD 13 billion in 2013.

Scope of the Report

The automotive window and exterior sealing systems market is segmented by component (roof ditch moldings, door seals, glass run channels, and rear windshield seals), exterior seals (trunk seals, hood seals, and front windshields seals), vehicle types (passenger cars and commercial vehicles), and geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

By Component
Roof Ditch Moldings
Door Seals
Glass Run Channels
Rear Windshield Seals
By Exterior Seals
Trunk Seals
Hood Seals
Front Windshield Seals
By Vehicle Type
Passenger Cars
Commercial Vehicles
By Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Rest of Asia-Pacific
South Korea
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Rest of Middle-East and Africa

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Key Market Trends

Growing Commercial Vehicle Sales Expected to Drive the Market

  • Although the automotive industry is witnessing a slump across the world, it is the commercial vehicle segment that has been continuously showing growth after the recession.
  • The unit sales of commercial vehicles increased by 5.61%, during 2017-2018, as compared to the decline of 2.83% in the passenger vehicle segment, during the same period.
  • Overall, in 2018, the demand for commercial vehicles in the European Union went up roughly by 3.2%, as compared to 2017, marking growth for the sixth consecutive year. About 2.5 million light commercial vehicles, trucks, and buses were registered across the European Union. This represents the highest volume since 2007. Spain (+6.5%), France (+4.9%), and Germany (+4.6%) were the major countries, which registered healthy growth.
  • In the United States, the sales of commercial vehicles increased by more than 8% to reach 12.39 million in 2018, as compared to 11.47 million units in 2017. The growth can be attributed to the people’s preference toward light commercial vehicles, especially pickup trucks. Ford, Chevrolet, and Ram are some of the major manufacturers who benefited from the sale of these vehicles.
  • In Asia, China and India are the major markets for commercial vehicles. The sale of CVs reached the one million mark for the first time in India in 2018, representing a growth of more than 21%, over the previous year. China recorded the sales of 4.37 million in 2018, as compared to 4.16 million in 2017.
  • Changes in the logistics space are expected to affect the customer structure of truck and trailer OEMs. Owing to this factor, the demand for large fleets is expected to increase, during the forecast period.
  • Driven by the regulations, pertaining to emissions across various parts of the world, the trend of electrification is expected to take over in commercial vehicles in a long run. This factor is expected to drive their sales. Owing to the aforementioned factors, the market for window and exterior sealing systems is expected to witness a significant growth, during the next five years.
trend_1

Asia-Pacific and North America to Dominate the Market

  • Asia-Pacific is expected to hold the largest market share in the market studied over the forecast period, due to the growing production of automobiles. Additionally, the availability of low-cost labor and other necessary resources in Asia-Pacific is anticipated to drive the market in the region.
  • Japan has a large number of automotive manufacturers, which are expected to create demand for the market studied over the forecast period. The technological development in Western Europe and North America is expected to create significant opportunities in the market studied, over the forecast period. Latin America and Middle East & Africa are experiencing moderate growth in the automotive window and exterior sealing systems market.
  • The United States is the largest automotive market, worldwide. There are 13 major automobile manufacturers, with an average of 11 million vehicles produced per year. Hence, various local and global players present in the country are operating in the market studied.
  • Henniges Automotive is a major company in this market and a key supplier to Ford, for its F-series pickup line. It also supplies to Fiesta and Lincoln models. Similarly, Cooper Standard supplies to General Motors (Chevrolet, GMC, and Buick) and Chrysler (Dodge).
  • The growing commercial vehicle segment and the increasing adoption of electric vehicles across the country are expected to drive the market studied in the United States, during the forecast period.
automotive window and exterior sealing system market_geography

Competitive Landscape

The automotive window and exterior sealing systems market is fragmented. Some of the major players are Hutchinson Sealing Systems, Magna International Inc., Copper Standard Automotive Inc., Minth Group Ltd, and Rehau Group, among others.

Recent Developments

  • In March 2021, Hutchinson and VA-Q-tec enter in a strategic partnership to develop innovative insulation in the automotive & aerospace sectors. The aim of this strategic partnership is to jointly develop high-performance, scalable insulation solutions to improve the thermal management of eMobility vehicles.
  • In December 2020, Sumitomo announced that its cell gasket has been continuously adopted for the Toyota new fuel cell vehicle (FCV), Mirai. This product is a rubber sealing part that prevents the leakage of hydrogen, oxygen, and water from the cell components, which consist of a separator and power generator components.
  • In July 2020, Rehau launched its Rehau Attivo hardware program, which includes the European-made Kovinoplastika Lož Hardware ARXspin line throughout the U.S., Canada and Mexico..

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter’s Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Component

      1. 5.1.1 Roof Ditch Moldings

      2. 5.1.2 Door Seals

      3. 5.1.3 Glass Run Channels

      4. 5.1.4 Rear Windshield Seals

    2. 5.2 By Exterior Seals

      1. 5.2.1 Trunk Seals

      2. 5.2.2 Hood Seals

      3. 5.2.3 Front Windshield Seals

    3. 5.3 By Vehicle Type

      1. 5.3.1 Passenger Cars

      2. 5.3.2 Commercial Vehicles

    4. 5.4 By Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Spain

        5. 5.4.2.5 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 India

        2. 5.4.3.2 China

        3. 5.4.3.3 Japan

        4. 5.4.3.4 Rest of Asia-Pacific

        5. 5.4.3.5 South Korea

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 United Arab Emirates

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Copper Standard Automotive Inc.

      2. 6.2.2 Hutchinson Sealing Systems

      3. 6.2.3 Magna International Inc.

      4. 6.2.4 Sumitomo Chemical Co. Ltd

      5. 6.2.5 Toyoda Gosei Co. Ltd

      6. 6.2.6 Minth Group Ltd

      7. 6.2.7 Lauren Plastics LLC

      8. 6.2.8 Dura Automotive Systems

      9. 6.2.9 Rehau Group

      10. 6.2.10 Henniges Automotive Holding Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Automotive Window and Exterior Sealing Systems Market market is studied from 2018 - 2026.

The Automotive Window and Exterior Sealing Systems Market is growing at a CAGR of >6% over the next 5 years.

The Automotive Window and Exterior Sealing Systems Market is valued at 21 Billion USD in 2018.

The Automotive Window and Exterior Sealing Systems Market is valued at 31 Billion USD in 2026.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Hutchinson Sealing Systems, Rehau Group, Magna International Inc., Cooper Standard Automotive Inc., Minth Group Ltd are the major companies operating in Automotive Window and Exterior Sealing Systems Market.

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