Global Automotive Rubber Molded Components Market – Forecasts and Trends 2017 – 2022
DescriptionThe global automotive rubber moulded components sales grew from 65 million during the 2008-09 recession to over 89 million in 2015, with a spike of over 19% during the past seven years. 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. Further, with chemical companies such as Chem-Trend coming up with better release agents and moulding process aids, the market for automotive rubber moulded components is expected to touch USD 45.16 billion by 2021. Technological advancements have been the major trigger for this growth. Innovations such as Ford’s eco-friendly rubber parts using soy oil and research labs trying to come up with better and durable rubber materials like EPDM are expected to drive the market at a CAGR of 6.26% by till 2022.
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.
As of 2017, EPDM accounted for a majority of the market share by raw material type. Natural rubber followed closely. However, growing innovations in terms of durability and life of the EPDM based compounds is expected to propel the market for EPDM in automotive applications to a greater extent over the coming 5 years. EPDM materials were proved fit for high pressure conditions and boasted of impact resistance and stiffness. These technical advantages over other raw materials will encourage automakers to prefer EPDM based molded components to synthetic or natural rubber.
The Asia-Pacific region was the largest market for automotive rubber-molded components. This can be attributed to India and China’s emerging as major automotive components manufacture hubs, sourcing to the western auto giants. Further, government support for FDIs in these countries has encouraged small-medium scale regional players to enter the rubber molding market. As of 2017, China has emerged as the leader in both Asia-Pacific and global rubber molded automotive components markets. Growing economy and rising disposable incomes have resulted in greater demand for automotive sector in India and China, in turn, opening up new opportunities for the dependent rubber-molding sector. North America, in the light of EPA regulations and CAFÉ standards, is expected to witness a higher CAGR over the coming 5 years in the market.
The global market for automotive rubber molded components is segmented by vehicle type (passenger cars, LCV, HCV), component (Seals, gaskets, weather-strips, hoses) and geography (North America, Europe, Asia-Pacific, Latin America, Africa and Middle East).
This Report Offers:
Market definition along with identification of key drivers and restraints for the market.
Market analysis with country specific assessment and competition analysis in the Global Automotive Rubber Molded Components Market.
Identification of factors instrumental in changing the market scenario and rising prospective opportunities along with the identification of key companies that can influence the market on the regional scale and at the country level.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
Identification and analysis of the macro and micro factors that affect the industry on both regional and country levels.
Table of Contents1. INTRODUCTION
1.1 Research Methodology
1.2 Key Findings of the Study
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW AND TECHNOLOGY TRENDS
3.2 Technology Trends
3.3 Porter's Five Forces Framework
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Competitive Rivalry within the industry
4. MARKET DYNAMICS
5. GLOBAL AUTOMOTIVE RUBBER MOLDED COMPONENTS MARKET, BY MATERIAL TYPE (Growth, Trends and Forecasts)
5.1 Ethylene Propylene Diene Monomer (EPDM)
5.2 Natural Rubber (NR)
5.3 Styrene-Butadiene Rubber (SBR)
6. GLOBAL AUTOMOTIVE RUBBER MOLDED COMPONENTS MARKET, BY COMPONENT TYPE (Growth, Trends and Forecasts)
6.1.1 Mechanical Seals
6.1.3 Lip Seals
6.1.4 Rotary Seals
7. GLOBAL AUTOMOTIVE RUBBER MOLDED COMPONENTS MARKET, BY VEHICLE TYPE (Growth, Trends and Forecasts)
7.1 Passenger Car
8. GLOBAL AUTOMOTIVE RUBBER MOLDED COMPONENTS MARKET, BY GEOGRAPHY (Country wise trends)
8.1 North America (NA)
8.1.2 United States
8.1.4 Rest of North America
8.2 Europe (EU)
8.2.7 Rest of Europe
8.3 Asia-Pacific (APAC)
8.3.6 South Korea
8.3.7 Rest of Asia-Pacific
8.4 Middle East and Africa (MEA)
8.4.2 South Africa
8.4.3 Saudi Arabia
8.4.5 Rest of the MEA
8.5 Latin America
8.5.5 Rest of Latin America
9. COMPETITIVE LANDSCAPE
9.2 Market Share Analysis
9.3 Developments of Key players
10. KEY VENDOR ANALYSIS (Overview, Products & Services, Strategies)
10.1 AB SKF
10.2 ALP Group
10.3 Bohra Rubber Pvt. Ltd
10.4 Continental AG
10.5 Cooper-Standard Automotive
10.6 DANA Holding Corporation
10.7 Federal-Mogul Corporation
10.8 Freudenberg and Co. Kg
10.9 Hebei Shinda Seal Group
10.10 Hutchinson SA
10.11 NOK Corporation
10.12 Steele Rubber Products
10.13 Sumitomo Riko Co., Ltd.
10.14 Trelleborg AB
11. FUTURE OUTLOOK OF THE MARKET