Automotive Rubber Molded Components Market Report by Material, Application, and Geography – Global Forecast to 2024 is a professional and in-depth research report on the world’s major regional Automotive Rubber Molded Components Market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).
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About Automotive Rubber Molded Components Industry
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.
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.
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.
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 2024, from 122200 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Automotive Rubber Molded Components in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The overviews, SWOT analysis and strategies of each vendor in the Automotive Rubber Molded Components market provide understanding about the market forces and how those can be exploited to create future opportunities.
Key Players in this Automotive Rubber Molded Components market are:–
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Important application areas of Automotive Rubber Molded Components are also assessed on the basis of their performance. Market predictions along with the statistical nuances presented in the report render an insightful view of the Automotive Rubber Molded Components market. The market study on Global Automotive Rubber Molded Components Market 2018 report studies present as well as future aspects of the Automotive Rubber Molded Components Market primarily based upon factors on which the companies participate in the market growth, key trends and segmentation analysis.
Application of Automotive Rubber Molded Components Market are:
Light Commercial Vehicles
Heavy Commercial Vehicles
Product Segment Analysis of the Automotive Rubber Molded Components Market is:
Oil Seal Products
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Geographically this report covers all the major manufacturers from India, China, USA, UK, and Japan. The present, past and forecast overview of Automotive Rubber Molded Components market is represented in this report.
The report offers the market growth rate, size, and forecasts at the global level in addition as for the geographic areas: Latin America, Europe, Asia Pacific, North America, and Middle East & Africa. Also it analyses, roadways and provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading market players within the Automotive Rubber Molded Components market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users.
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- Build business strategy by identifying the high growth and attractive Automotive Rubber Molded Components market categories
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- Recent Events and Developments
In this study, the years considered to estimate the market size of Automotive Rubber Molded Components Market are as follows:-
- History Year: 2013-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2024
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No Of Pages in Automotive Rubber Molded Components Market Report: 139
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