Market Overview:
The production of rubber products has increased worldwide. The development of the rubber industry is attributed to factors such as the spatial distribution of resources, technological advances in manufacturing, and the introduction of a wide range of products oriented to the industry. The manufacture of rubber products can be divided into tire production and manufacture without tires. The tireless production segment, informing uncured rubber, produces sophisticated and high-tech products, while the tire manufacturing segment covers the production of automobile tires. The value of the automotive rubber molding market is expected to increase by 5.20% from 2018 to 2023, reaching a market size of $40.5 billion by 2023.
Recent developments:
The Asia-Pacific region was the largest automotive market for molded rubber automotive parts in terms of production and consumption. This is due to the fact that India and China have established themselves as major centers for the manufacture of automotive components that have been awarded to the Western car giants. In addition, government support for foreign direct investment in these countries has small and medium regional players with Bohra Rubber Pvt. Encouraged to enter the molded rubber parts market. Ltd as a leader in rubber parts. As of 2016, China has established itself as a leader in the Asia-Pacific and global rubber component markets. The growth of the economy and the increase in disposable income have led to an increased demand for cars in India and China, which in turn opens up new opportunities for the dependent gum sector.
Market value and expected growth:
The automotive market for rubber molded parts is expected to grow at a CAGR of 5.20% between 2018 and 2023, reaching a market size of $40.5 billion by 2023. The growing demand for lightweight materials and technological advances are some of the main drivers of the growth of the global molded rubber molded parts market.
Market drivers and restrictions:
It is expected that molded rubber parts for automobiles will increase as a result of increased vehicle production, the use of lighter automotive materials and safety regulations, fuel consumption standards, and increasingly stringent emissions. Strict regulations on vehicle emissions are also forcing car manufacturers to produce vehicles that consume less fuel, which in turn increases the growth of lightweight materials such as molded rubber parts. Companies use rubber components instead of traditional metal and plastic structures to reduce vehicle weight and increase fuel efficiency significantly.
The demand for the auto parts industry was derived from both the original equipment manufacturer (OEM) and the secondary market. The profit margins of the replacement market are higher than in the OEM market. The production volume of passengers and commercial vehicles in the Asia Pacific region is very high compared to other regions, which in turn increases the demand for the rubber molding market. One of the biggest challenges for auto parts manufacturers in compliance with different regulations and environmental guidelines at the regional level. Volatile currency exchange rates related to import and export duties on minor vehicle components can also affect the volumes of trade in commodities around the world.
Market Taxonomy:
Key players in the market:
The automotive rubber molded components ecosystems consists of manufacturers such as Continental AG (Germany), Federal-Mogul Corporation (U.S.) & Sumitomo Riko Co., Ltd. (Japan), automotive original equipment manufacturers (OEM) such as Toyota Motor Corporation (Japan), Volkswagen AG (Germany) & Ford Motor Company (U.S.), ISUZU, Nissan, Suzuki, Mercedes-Benz. Some research institutes like, The Automotive Research Association of India (ARAI), European Automotive Research Partners Association (EARPA), & The United States Council for Automotive Research (USCAR) and regional automobile associations such as China Association of Automobile Manufacturers (CAAM), Japan Automobile Manufacturers Association (JAMA), & European Automobile Manufacturers Association (ACEA), among others.
Highlights of the research report:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Rubber Molding Market, By Components
6.1.1 Seals
6.1.1.1 O-Ring Seals
6.1.1.2 Rotary Seals
6.1.1.3 Lip Seals
6.1.1.4 Mechanical Seals
6.1.2 Weather-Strips
6.1.3 Gaskets
6.1.4 Hoses
6.1.5 Gormmets
6.1.6 Bellows
6.1.7 Market Size Estimations & Forecasts (2019-2024)
6.1.8 Y-o-Y Growth Rate Analysis
6.1.9 Market Attractiveness Index
6.2 Rubber Molding Market, By Vehicle Type
6.2.1 Passenger Cars
6.2.2 Light Commercial Vehicle
6.2.3 Heavy Commercial Vehicle
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Rubber Molding Market, By Material
6.3.1 EPDM (Ethylene Propylene Diene Terpolymer)
6.3.2 NR (Natural Rubber)
6.3.3 SBR (Styrene-Butadiene Rubber)
6.3.4 Others
6.3.5 Market Size Estimations & Forecasts (2019-2024)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Components
7.2.3 By Vehicle Type
7.2.4 By Material
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Components
7.3.3 By Vehicle Type
7.3.4 By Material
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Components
7.4.3 By Vehicle Type
7.4.4 By Material
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Components
7.5.3 By Vehicle Type
7.5.4 By Material
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Components
7.6.3 By Vehicle Type
7.6.4 By Material
8. Key Player Analysis
8.1 Federal-Mogul Corporation
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Sumitomo Riko Co., Ltd.
8.3 Toyota Motor Corporation
8.4 Volkswagen AG
8.5 Ford Motor Company
8.6 Continental AG
8.7 Suzuki
8.8 Nissan
8.9 ISUZU
8.10 Mercedes-Benz
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
