Automotive Rubber Molded Components Market —
The Automotive Rubber Molded Components Market Report provides a comprehensive overview including Current scenario and the future growth prospects. At present, in the developed industrial developed countries the automotive rubber molded components industry is generally at a more advanced level, the world's large enterprises are mainly concentrated in the United States, Europe, Japan, etc. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, the technical level is in a leading position. But developed companies’ manufacturing cost is relatively high, compared with Chinese companies, the manufacturing cost is competitive disadvantage, as the Chinese automotive rubber molded components production enterprise technology continues to improve, their share in the international market is increasing, competitiveness in the international market gradually increase. In the past 20 years, the industry continued to shift to China. China is the world's largest consumer and producer countries. Some Japanese companies are shifting the industry to Southeast Asia.
The worldwide market for Automotive Rubber Molded Components is expected to grow at a CAGR of roughly 0.3% over the next five years, will reach 124100 million US$ in 2023, from 122200 million US$ in 2017.
With the steady development of the automotive industry, automotive rubber molded components industry is also growing. In this industry, the global leader is Japan's NOK. Federal-Mogul, Freudenberg, Dana, SKF, Parker Hannifin, Elringklinger, Hutchinson Seal, Trelleborg and other companies are the major players in this industry. As Japan, Germany and the US auto industry is highly developed. Companies in these regions are also at the top of the industry. China, South Korea and other countries of the enterprise is in the second level.
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In light of the growing demand for fuel-efficient and less polluting vehicles, the market for lightweight automotive components of higher durability is on the rise. Growing automotive emissions have resulted in pressure on the automakers to produce fuel-efficient vehicles. These stringent standards set by the regulatory authorities are expected to significantly drive the market for lightweight materials such as rubber-molded components in the automotive sector. Rubber components, if used in place of conventional metal or plastic structures, are expected to impact the weight of the automobile to quite an extent. Further, global automotive sales and production have crossed the pre-recession levels and are on the verge of substantial growth. This growing automotive industry is expected to trigger the demand for rubber-molded components globally. However, on the downside, crunch in raw materials and swinging raw material prices are expected to act as friction factors for the market growth.
Some of the major players involved in the research and development of Automotive Rubber Molded Components market are; NOK, Federal-Mogul, Freudenberg, Dana, SKF, Parker Hannifin, Elringklinger, Hutchinson Seal, Trelleborg, TKS Sealing, Oufu Sealing, Star Group, Duke Seals, Gates, Saint Gobain, Timken, MFC SEALING, Jingzhong Rubber, Corteco Ishino, NAK.
Market Segmentation: Automotive Rubber Molded Components
The Automotive Rubber Molded Components Market segments by geological regions covers: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
This report displays the sales volume, revenue, product price, market share and growth rate of each type, primarily split into O-rings, Oil Seal Products, Damping Products, Others.
This report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, including Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles, Others.
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Research Methodology: Automotive Rubber Molded Components Market
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
Moreover, the Automotive Rubber Molded Components market report includes important information related new products launched in the industry, regional landscaping, various approvals, and many strategies adopted in this competitive Market.
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The Automotive Rubber Molded Components Market Report provides a deep analysis of the key market analysis, the different segments and also the sub-segments which focus on the evolving market trends, the dynamic nature of the market and also the market forecasting. They also track the current trends, the different challenges experienced and the various competitive insights.
Target Audience of the Automotive Rubber Molded Components Market Report
Key Consulting Companies & Advisors, Large, medium-sized, and small enterprises, Venture capitalists, Value-Added Resellers (VARs), Third-party knowledge providers, Investment bankers, Investors.
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