Automotive Profile Seals Market Report

Market Highlights

"The global automotive profile seals market is likely to rebound at a promising CAGR of 4% in the long run to reach US$ 7.1 billion in 2026."

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Automotive profile seals are used around the doors and windows of automobiles to keep the dust and water out of the vehicle. These seals need to be unaffected by climatic conditions and varying temperatures. The automotive industry has been experiencing the most disruptive journey in the past decades with the key emerging areas are autonomous, emission-free mobility, fuel efficiency, sharing, and connected vehicles. Almost all the major automakers are putting efforts into the development of vehicles addressing most of these trends. 

The automotive production declined in 2018 as well as in 2019 and was expected to start rebounding from 2020 onwards. However, the sudden outburst of the pandemic trashed the market hope. As a result, there was an enormous decline in the production of automobiles across regions. The grave impact of this was registered across the supply chain including the level of components.

Automotive Profile Seals, a sizeable market, could not escape from such trends and witnessed a colossal decline (-15%+ in 2020) amid the pandemic, quite aligned with the decline in automobile production. However, the industry is gradually rebounding in the year 2021 with the ramp-up in consumer confidence. Furthermore, an incessant shift from traditional ICE vehicles to EV vehicles is likely to give impetus to the demand for profile seals.

Segments' Analysis

Vehicle Trends

"Passenger cars segment accounted for the largest market share."

Based on the vehicle type, the automotive profile seals market is segmented as passenger cars, light commercial vehicles (LCV), medium- & heavy-duty commercial vehicles (MHCV). With the lowest decline in the demand for profile seals by the pandemic, passenger cars are expected to remain the largest and fastest-growing vehicle type in the market during the forecast period owing to the increasing demand for electric vehicles across regions coupled with an expected recovery in the production of ICE vehicles. In addition to that, increasing investments by the premium and luxury car manufacturers to manufacture new products with enhanced features, and growing demand for passenger cars in the developing economies are further expected to drive the market growth during the forecast period. 

Material Trends

"Elastomer segment accounted for the largest market share."

Based on the material type, the market is segmented into elastomer seals and thermoplastic seals. Elastomer is expected to remain the dominant as well as the fastest-growing material type in the market during the forecast period. Elastomer is not only the dominant material in profile seals but also in the overall automotive seals market. Elastomers are gaining traction in the automotive industry due to their unique elasticity and flexibility.

Regional Insights

"Asia-Pacific accounted for the largest market share."

In terms of regions, Asia-Pacific is expected to remain the largest market for automotive profile seals during the forecast period. This region has a presence of a large number of major OEMs, such as Toyota and Hyundai, which make the region a growth engine of the automotive industry. Most of the automotive profile seals suppliers have their presence in the region to address the emergent needs of OEMs and to be the partner for their fuel-efficient version of existing automotive programs.

North America and Europe are also likely to create sizeable opportunities in the coming five years, driven by an expected rebound in vehicle production coupled with a paradigm shift from ICE to electric vehicles.

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Key Players

The following are the key players in the automotive profile seals market. Most of the major players are providing complete profile systems including profile seals.

• Toyoda Gosei Co., Ltd.
• Cooper Standard Automotive Inc.
• Hutchinson S.A.
• Standard Profil Group
• Henniges Automotive
• SaarGummi Group
• Shida Seal Group Co. Ltd.
• Koda Seals

Note: The above list does not necessarily include all the top players of the market.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

The automotive profile seals market is segmented into the following categories:

By Vehicle Type

• Passenger Car
• Light Commercial Vehicle
• Medium- & Heavy-Duty Vehicle

By Material Type

• Elastomer Seals
• Thermoplastic seals

By Motion Type

• Static Seals
• Linear Seals

By Region

• North America (Country Analysis: USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s automotive profile seals market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com