The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global automotive window and exterior sealing market is in the fast lane, with expectations to grow from $22.84 billion in 2022 to $24.80 billion in 2023. This surge is propelled by a robust Compound Annual Growth Rate (CAGR) of 8.6%. The road ahead looks promising, with projections indicating further expansion, set to reach $32.97 billion by 2027, sustaining a steady CAGR of 7.4%.

Driving Growth: The Role of Commercial Vehicle Sales

Defining Commercial Vehicles

• Goods and Passenger Transport: Commercial vehicles (CVs) encompass any vehicle used for transporting goods or passengers for the profit of an individual or business.
• Protective Sealing Systems: Automotive window and exterior sealing systems play a crucial role in shielding the interior and exterior parts of commercial vehicles from noise, dirt, and rainwater.

Industry Insights

• UK’s Commercial Vehicle Production: In August 2022, The Society of Motor Manufacturers and Traders reported a substantial 46.9% increase in commercial vehicle production, reaching 58,693 units.
• Light Commercial Vehicle Sales: Fleet Europe highlighted a surge in light commercial vehicle sales, reaching 355,380 units in 2021, up by 21.4% compared to the previous year.
• Market Implication: The flourishing sales of commercial vehicles are a driving force behind the growth of the automotive window and exterior sealing market.

Industry Leaders: Paving the Way

• Key Players: Major contributors to the automotive window and exterior sealing market include Hutchinson SA, Magna International Inc., Minth Group Ltd., PPAP Automotive Limited, and other leading industry players.

Innovation Accelerates: A Trend to Watch

Goobi Glass’s Groundbreaking Innovation

• Focus on Product Innovation: Product innovations take center stage as a key trend in the automotive window and exterior sealing market, with companies introducing cutting-edge products to maintain their market position.
• Goobi Glass’s Colored Glass: In February 2022, Goobi Glass LLC, a US-based company, unveiled a groundbreaking product – colored glass for automobiles, boasting world-first patented technology.
• Versatile Application: The colored glass is suitable for sunroofs, windows, and windscreens, offering a palette of 75 distinct shades, with customization options for over 18,000 different colors.
• Chromotherapy Advantages: Beyond aesthetics, Goobi Glass’s product incorporates chromotherapy, providing additional benefits to automobile owners.

Market Dynamics: Unveiling Segmentation

1) By Component Type

• Exterior Sealing, Glass Run Channel Seals, Roof Ditch Molding Seals:
  • Diverse sealing components catering to different aspects of automotive window and exterior protection.

2) By Vehicle Type

• Passenger Vehicle, Light Commercial Vehicles, Heavy Vehicles, Electric Vehicle:
  • Reflecting the varied needs of sealing solutions across different vehicle types.

3) By Application

• Aftermarket, OEM (Original Equipment Manufacturer):
  • Distinguishing between solutions tailored for aftermarket needs and those integrated into original vehicle manufacturing.

Global Landscape: North America Leads, Asia-Pacific Accelerates

• North America’s Dominance: In 2022, North America emerged as the largest region in the automotive window and exterior sealing market.
• Asia-Pacific’s Growth Trajectory: Anticipated to be the fastest-growing region in the forecast period, showcasing the region’s pivotal role in the global automotive window and exterior sealing market dynamics.

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The Automotive Window and Exterior Sealing Global Market Report 2023  provides an overview of the automotive window and exterior sealing market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive window and exterior sealing market forecast analyzes automotive window and exterior sealing market size, automotive window and exterior sealing market share, leading competitor and their market positions.

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