India Automotive Door Seals Market – Industry Challenges, Key Vendors, Drivers, Trends and Forecast to 2027
India Automotive Door Seals Market by Forecast 2027
Pune, Maharashtra -- (SBWire) -- 05/11/2017 --Market Highlights:
Automotive Seal is one of the most essential parts of the automotive industry. Automotive Door seals prevent water leakage, wind noise and make it easier to open or close the doors. The market of the automotive door seal is expected to witness significant growth in the forecast period due to the boom in the automotive industry across the globe. With recent technological developments and high end automotive and luxury vehicles witnessing high demand the automotive door seals market has immense growth potential. However, limited shelf life and design & installation issues are the major challenges which could hinder the growth of the market.
The India Automotive Door Seals Market was valued at USD 917.0 million in 2015, and is expected to reach USD 1,557.2 million by 2027.
The India automotive door seals market is poised to grow at 4.84% CAGR and is estimated to reach USD 1,557.2 million by the end of forecast period.
Major Key Players:
-Gold Seal Group (India)
-Cooper Standard (U.S.)
-Toyoda Gosei (Japan)
-ALP Nishikawa (India)
-HSI Automotives (India)
-Bohara Rubber (India)
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Market Research Analysis:
Based on type, the others segment has accounted for highest market share with 35.36%. While, rubber segment closely follows the other segment with a market value of USD 593.9 million and expected to grow at 4.42% CAGR during the forecast period.
Based on regions, North India region accounted for the highest market share with 42.1% and expected to grow at 5.09% CAGR. The Western region is showing rapid growth with the entry of new players in this region. While, due to the lack of market scope, the automotive door seals market generates the least revenue in the eastern region.
The north region acquired the highest market share of 42.1% in 2015 and is projected to grow at 5.09% CAGR during the forecast period.
The market mainly dominates due to the existence of big players such as Maruti Suzuki and Hyundai in the region. While, western region is the second largest market, which is expected to grow at 5.19% CAGR.
Scope of the Report:
This study provides an overview of the India Automotive Door Seals market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific and Rest of World.
The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the India Automotive Door Seals market by its type, end market and regions.
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Table of Contents
2.1Scope of the Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
List of Tables
Table 1 India Automotive Door Seals Market, By Type
Table 2 India Automotive Door Seals Market, By End Market
List of Figures
Figure 1 Research Type
Figure 2 India Automotive Door Seals Market: By Type (%)
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