The Automotive Window and Exterior Sealing Systems Market is estimated to be USD 18.3 billion in 2016 and is projected to reach USD 25.7 billion by 2021, at a CAGR of 7.1% from 2016 to 2021. Some of the major factors identified for the growth are increasing new product launches with newer exterior designs of passenger cars, increasing penetration of SUVs and premium sedan class cars globally.
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Glass Run Channel type sealing systems to hold the largest share in the automotive window and exterior sealing systems market, by component type
The glass run channel type sealing systems are estimated to account for the largest share in the global automotive window and exterior sealing systems market. The glass run channels have a primary advantage because this type of seal is used in all passenger and commercial vehicles (CV), not unlike other seals which are used in passenger cars (PC) more but not in commercial vehicles. For example – roof ditch seals are not used in CV but used in PC.
Passenger Cars: A promising market due to the increase in high global production
Passenger cars are expected to constitute the largest share, in terms of value, in the global automotive window and exterior sealing systems market. This can be attributed to the growing need for personal cars and private cabs in emerging economies. It has triggered the demand for sealing systems, from the passenger car manufacturer side. The demand is expected to increase in developing and developed countries such as China, Japan, Germany, and the U.S.A, where major car manufacturers are located.
Asia-Pacific: Largest market for automotive window and exterior sealing systems
Asia-Pacific is estimated to account for the largest share, in terms of value, of the global automotive window and exterior sealing systems market in 2016. The region comprises some of the fastest developing economies in the world, including China, India, and Korea. This has led to an increase in vehicle production volumes over the years, with OEMs catering not only to the domestic demand but to overseas demand as well.
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