The global automotive rubber molded components market size is anticipated to expand at a substantial CAGR of 6.5% during the forecast period, 2021–2028. The growth of the market is attributed to the growing use of lightweight materials, government regulations, changing fuel prices, environmental concerns, a restricted number of suppliers, and technological advancements.
Uncured rubber materials are cured under high pressure with metal, cloth, or plastic inserts in the appropriate shape of the components to make automotive rubber molded components. Compression, injection, and transfer molding are the three processes utilized in the rubber molding process. These are the components that can be found in a variety of places throughout the vehicle.
As per a variety of variables, such as weight, environmental, cost, and durability concerns, rubber-molded items that were formerly derived from natural resources are increasingly being created from affordable and common synthetic polymers. These rubber-molded components come in a variety of forms, sizes, and colors, and can be used in a variety of applications in the automotive market. This is a major component in the market's growth.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for environmentally friendly and fuel-efficient cars is estimated to boost the market growth during the forecast period.
- Technological change demands new product requirements. As a consequence, producers of automotive rubber-molded components can continue to develop effective techniques for managing raw materials, improving production capabilities, and shortening delivery times, resulting in increased revenues from the automotive rubber-molded components market.
- Increase in electric vehicle demand, rapid industrialization, and globalization, as well as the introduction of new and cost-effective technologies, is projected to spur the market expansion during the forecast period.
- Lack of improved raw materials in emerging nations and fluctuating raw material costs possess as key challenges that can restrict the market expansion in the coming years.
Scope of the Report
The report on the global automotive rubber molded components market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Global Automotive Rubber Molded Components Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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By Material Types (Natural Rubber (NR), Ethylene Propylene Diene Monomer (EPDM), Styrene-butadiene Rubber (SBR), and Others), Component Types (Weather-strips, Gaskets, Seals, Hoses, and Others), and Vehicle Types (Commercial Vehicles and Passenger Cars)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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AB SKF; ALP Group; Bohra Rubber Pvt. Ltd; Bony Polymers Pvt Ltd; Continental AG; Cooper-Standard Automotive; DANA Holding Corporation; Federal-Mogul Corporation; Freudenberg and Co. Kg; Hebei Shinda Seal Group; Hutchinson SA; Jayem Auto Industries Pvt Ltd; NOK Corporation; Steele Rubber Product; Sumitomo Riko Co. Ltd; Trelleborg AB
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Global Automotive Rubber Molded Components Market Segment Insights
Ethylene propylene diene monomer (EPDM) segment is projected to hold a major market share
Based on material types, the global automotive rubber molded components market is segmented into natural rubber (NR), ethylene propylene diene monomer (EPDM), styrene-butadiene rubber (SBR), and others. The segment is expected to account for a key share of the market during the forecast period owing to the growing need for comfort and safety generates exciting growth potential for driver assistance systems, which include automotive rubber molded components, and so boosts demand. Rubber molding materials like EPDM is more flexible and lighter than traditional metal components. As a result, the overall weight of the vehicle is reduced, which helps to improve fuel economy.
Seals segment is expected to expand at a rapid pace
On the basis of component types, the market is divided into weather-strips, gaskets, seals, hoses, and others. The seal’s segment is expected to constitute a key share of the market in the coming years due to automotive door seals, storage container seals, tool box seals, and other rubber seals are installed on the window, door, or vehicle body to enable water and weather resistance.
Passenger cars segment is anticipated to expand at a substantial CAGR
In terms of vehicle types, the global automotive rubber molded components market is bifurcated into commercial vehicles and passenger cars. The passenger cars segment is expected to represent a key share of the market during the forecast period owing to the growing population, increased use of lightweight materials in vehicles, as well as severe pollution, safety, and fuel economy standards, are driving the market.
Asia Pacific is anticipated to dominate the market
On the basis of regions, the global automotive rubber molded components market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market at an impressive CAGR during the forecast period. The regional market growth can be attributed to the rise in vehicle sales in the region and also the rise of the automotive industry in India and China, both the nation has emerged as important global automotive component production centers. Small and medium-sized businesses have been encouraged to enter the rubber molded market as a result of supportive government policies in these countries.
Segments
The global automotive rubber molded components market has been segmented on the basis of
Material Types
- Natural Rubber (NR)
- Ethylene Propylene Diene Monomer (EPDM)
- Styrene-butadiene Rubber (SBR)
- Others
Component Types
- Weather-strips
- Gaskets
- Seals
- Hoses
- Others
Vehicle Types
- Commercial Vehicles
- Passenger Cars
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- AB SKF
- ALP Group
- Bohra Rubber Pvt. Ltd
- Bony Polymers Pvt Ltd
- Continental AG
- Cooper-Standard Automotive
- DANA Holding Corporation
- Federal-Mogul Corporation
- Freudenberg and Co. Kg
- Hebei Shinda Seal Group
- Hutchinson SA
- Jayem Auto Industries Pvt Ltd
- NOK Corporation
- Steele Rubber Products
- Sumitomo Riko Co. Ltd
- Trelleborg AB
Competitive Landscape
Key players competing in the global automotive rubber molded components market are AB SKF; ALP Group; Bohra Rubber Pvt. Ltd; Bony Polymers Pvt Ltd; Continental AG; Cooper-Standard Automotive; DANA Holding Corporation; Federal-Mogul Corporation; Freudenberg and Co. Kg; Hebei Shinda Seal Group; Hutchinson SA; Jayem Auto Industries Pvt Ltd; NOK Corporation; Steele Rubber Product; Sumitomo Riko Co. Ltd; Trelleborg AB. Some of these players are adopting several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares.
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