What is Automotive Rubber Extruded Parts Market?
Rubber extrusion refers to a class of products created by softening and pressurizing an elastomeric compound and forcing it through a hard tool known as a die. The end result is a continuous piece of material with the same cross-section along its length. The cross-section shape is determined by the die profile. There are thousands of different die profiles available on the market that cater to the automotive industries. Rubber extrusions are lightweight, flexible, extremely durable, and long-lasting. Consumers are extremely resistant to chemicals, heat, cold, ageing, fatigue, friction, abrasion, wear and tear, and etc. Consumers are ideal for use in a variety of harsh or extreme environments.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Federal-Mogul Holdings (United States), Denso (Japan), Magna International (Canada), Eaton (United States), Meteor Group (Germany), Aggarwal Rubber Industries (India), Dana Incorporated (United States), TVS Group (India), Astron Polymers (P) Ltd. (India) and Yokohama Rubber Company (Canada) |
The market study is being classified by Type (Rubber Bushings, Rubber Trims, Rubber Tubing, Hoses, and Piping, Rubber Bumpers, Rubber Gaskets and Seals and Other), by Application (Passenger Cars and Commercial Vehicles) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Automotive Rubber Extruded Parts market throughout the forecasted period.
Federal-Mogul Holdings (United States), Denso (Japan), Magna International (Canada), Eaton (United States), Meteor Group (Germany), Aggarwal Rubber Industries (India), Dana Incorporated (United States), TVS Group (India), Astron Polymers (P) Ltd. (India) and Yokohama Rubber Company (Canada) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are HUTCHINSON (France), CIE Automotive (Spain), Timco Rubber (United States), Hebei Shida Seal Group Co., Ltd. (China) and Viscon Rubber Industries (India). Segment Analysis
Analyst at AMA Research have segmented the market study of Global Automotive Rubber Extruded Parts market by Type, Application and Region.
On the basis of geography, the market of Automotive Rubber Extruded Parts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rapidly Growing Sale of Passenger and Commercial Vehicles
- Upward Automotive Industrial and Manufacturing Sector in Initial and Developing Regions
Market Trend
- Leading Players are Heavily Investing in Research and Development to Improve Efficiency and Produce Premium Quality Parts
Restraints
- Volatile Prices Of Natural Rubber
Opportunities
- Increasing Demand Of Automobiles Across the Global
- Rising Automotive Manufacture will Contribute to the Expansion of the Automotive Rubber Extruded Parts Market
Challenges
- Issue Related to the Counterfeit Product of Rubber Extruded Parts
- Intense Competition Between Players
Market Leaders and some development strategies
30 November 2021, Meteor Group has acquired US-based profiles manufacturer Creative Extruded Products, the German engineered rubber products company has announced. Meteor expects the acquisition to expand its technological capabilities and solidify its presence in North America, as the two entities have a substantial product and customer complementarity
Key Target Audience
Automotive Rubber Extruded Parts Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Automotive Rubber Extruded Parts Market?
"Rapidly Growing Sale of Passenger and Commercial Vehicles
" is seen as one of major growth factors of Automotive Rubber Extruded Parts Market in years to come.
2. Can we have customized study for Automotive Rubber Extruded Parts Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Automotive Rubber Extruded Parts Market?
United States will lead Automotive Rubber Extruded Parts Market in coming years.