Automotive Rubber-molded Components Market 2020-2024 Covid 19 Impact on Top countries data, Industry Size, Future Trends, Growth Key Factors, Demand, Business Share, Sales & Income, Manufacture Players, Application, Scope, and Opportunities
Posted on Oct 20 2020 5:44 AM
"COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. The Automotive Rubber-molded Components Market is expected to register a CAGR of 6.3%, during 2020-2024."
Global “Automotive Rubber-molded Components Market” Report 2020 - 2024 Provides Complete company profiles covering the product offerings, key financial information, current developments, SWOT analysis and strategies employed by the major Automotive Rubber-molded Components market players. Also Provides Industry position and viewpoint of main regions based on major key players, country, product types, and end industries Automotive Rubber-molded Components Market reports offer a detailed assessment of the Automotive Rubber-molded Components including enabling technologies, current market situation, market assumptions, restraining factors.
Automotive Rubber-molded Components Market Report Segmented by Regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa, Rest of World (ROW). This XYZ market research report focuses on the Key Manufacturers Profiles in Detail with Granular Analysis of the Market Share, Production Technology, Market Entry Strategies, Revenue Forecasts and Regional Analysis of the Market.
The Global Automotive Rubber-molded Components Market is expected to grow at a CAGR of 6.3% during the forecast period 2018-2023. Innovation in the automobile and automobile components manufacturing industry is set to revolutionize the automobile rubber component industry around the world. The increase in the production of cars around the world has had a very positive impact on the sellers of the automotive rubber-molded components, which include Bohra Rubber Pvt. Ltd, Continental AG, Hutchison SA, DANA Holding Corporation, and Trelleborg AB. With the growing demand for fuel-efficient and less polluting vehicles, the market for lightweight automotive components of higher durability is on the rise, which is also dependent on the rubber components. Further, with chemical companies such as Chem-Trend coming up with better release agents and molding process aids, the market for automotive rubber molded parts is expected to touch around USD 46 billion by 2023. Technological advancements have been the primary push for this growth. Innovations such as Fordâs 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 2023.
Growing automotive emission lead to pressure on automakers to produce fuel-efficient vehicles. Rigid standards set by 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. This growing automotive industry is expected to provoke 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 2016-17, Ethylene Propylene Diene Monomers (EPDM) accounted for most of the market share by raw material type, with natural rubber following closely. However, growing innovations in durability and life of the EPDM-based compounds is expected to propel the market for EPDM in automotive applications over the coming five 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.
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Here is the Top-List of Key-players of Automotive Rubber-molded Components Market 2020:-
● AB SKF
● ALP Group
● Bohra Rubber Pvt. Ltd
● Continental AG
● Cooper-Standard Automotive
● DANA Holding Corporation
● Federal-Mogul Corporation
● Freudenberg and Co. Kg
● Hebei Shinda Seal Group
● Hutchinson SA
● NOK Corporation
● Steele Rubber Products
● Sumitomo Riko Co.
● Trelleborg AB
The report focuses on the global market, especially in the United States, Europe, China, Japan, South Korea, North America, and India.
Also, the Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions.
The Global Automotive Rubber-molded Components market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The global Automotive Rubber-molded Components market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Highlighted points of Automotive Rubber-molded Components Market Size:● Covers the varying market dynamics of the industry.
● In-depth analysis of market risks, opportunities, limitations, and growth of the market.
● Includes market driving and restraining factors.
● Participants profiles along with product description, overview, and business data.
● Include details of five years of forecast analysis by types, regions, and applications.
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Key Developments in the Automotive Rubber-molded Components Market:
The Asia-Pacific region was the largest market for automotive rubber-molded components, both in terms production and consumption. This can be attributed to India and China emerging as major automotive components manufacture hubs, sourcing to the western auto giants. Further, government support for FDIs in these countries has encouraged small and medium scale regional players to enter the rubber molding market, with Bohra Rubber Pvt. Ltd as the top company producing rubber components. As of 2016, 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 in India and China, in turn, opening new opportunities for the dependent rubber-molding sector. North America, in the light of EPA regulations and CAFÃ standards, is expected to witness a higher CAGR over the coming five years in the market.
Reasons to Purchase this Report● Analyzing various perspectives of the market with the help of Porterâs five forces analysis
● Detailed analysis on the product type that is expected to dominate the market
● Detailed analysis on the regions that are expected to witness fastest growth during the forecast period
● Identifying the latest developments, market shares, and strategies employed by the major market players.
● 3-month analyst support, along with the Market Estimate sheet (in Excel)
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Finally, the report Global Automotive Rubber-molded Components Market 2020 describes the Automotive Rubber-molded Components industry expansion game plan, the Automotive Rubber-molded Components industry knowledge supply, appendix, analysis findings, and the conclusion.
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