Automotive Rubber Molded Components Market is forecasted to reaching nearly USD 68.71 Bn. for 2030
Automotive Rubber-molded Components Market is anticipated to reach US$ 68.71 Bn by 2030 from US$ 47.87 Bn in 2023 at a CAGR of 5.3% during a forecast period.
(EMAILWIRE.COM, July 29, 2024 ) As per Maximize Market research, the Automotive Rubber Molded Components Market size was valued at USD 47.87 Bn. in 2023, and the total revenue is expected to grow by 5.3 percent from 2024 to 2030, reaching nearly USD 68.71 Bn.
The automotive rubber-molded components market is driven by increased adoption of lightweight materials and stringent emission, safety, and fuel economy standards. In 2023, Asia Pacific led the market with a 43% share, followed by North America at 22% and Europe at 18%. The market growth is fueled by the rising demand for vehicles globally, which drives the need for rubber-molded parts made from cost-effective, durable synthetic polymers. These components, molded into various shapes and sizes, are critical for vehicle manufacturing due to their weight, cost, and longevity benefits. The development of eco-friendly materials, such as vegetable soy oil-based rubbers, and regulatory pressure for lower emissions further boosts market expansion.
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However, the market faces challenges, including a shortage of advanced raw materials in developing countries and fluctuating raw material prices. Ethylene Propylene Diene Monomer (EPDM) rubber, known for its weather, vibration, and heat resistance, dominates the market due to its applications in weather seals, brake systems, and vehicle trims.
In Asia Pacific, Automotive Rubber Molded Components Market growth is supported by the rise in electric vehicles and stringent emission regulations. Despite China and Japan's focus on electric vehicles, which use fewer rubber components than internal combustion engines, the market for automotive rubber-molded parts remains robust.
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Automotive Rubber Molded Components Market Segmentation:
by Material Type
Ethylene Propylene Diene Monomer (EPDM)
Natural Rubber (NR)
Styrene-butadiene Rubber (SBR)
Other Material Types
by Component Type
Seals
Gaskets
Hoses
Weather-strips
Other Component Types
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by Vehicle Type
Passenger Car
Commercial Vehicle
Automotive Rubber Molded Components Market Key Players:
AB SKF
Continental AG
Federal-Mogul Corporation
NOK Corporation
Trelleborg AB
ALP Group
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
Prepreg Market was valued at USD 13.67 Bn. in 2023 and the market is expected to reach USD 27.16 Bn. by 2030, at a CAGR of 10.3% throughout forecast period (2024-2030).
Gaskets and Seals Market is expected to reach USD 86.02 billion at a CAGR of 3.7% during the forecast period 2030.
About Maximize Market Research
Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defense, and other manufacturing sectors.
The automotive rubber-molded components market is driven by increased adoption of lightweight materials and stringent emission, safety, and fuel economy standards. In 2023, Asia Pacific led the market with a 43% share, followed by North America at 22% and Europe at 18%. The market growth is fueled by the rising demand for vehicles globally, which drives the need for rubber-molded parts made from cost-effective, durable synthetic polymers. These components, molded into various shapes and sizes, are critical for vehicle manufacturing due to their weight, cost, and longevity benefits. The development of eco-friendly materials, such as vegetable soy oil-based rubbers, and regulatory pressure for lower emissions further boosts market expansion.
Request Sample Copy of this Report : https://www.maximizemarketresearch.com/request-sample/121707/
However, the market faces challenges, including a shortage of advanced raw materials in developing countries and fluctuating raw material prices. Ethylene Propylene Diene Monomer (EPDM) rubber, known for its weather, vibration, and heat resistance, dominates the market due to its applications in weather seals, brake systems, and vehicle trims.
In Asia Pacific, Automotive Rubber Molded Components Market growth is supported by the rise in electric vehicles and stringent emission regulations. Despite China and Japan's focus on electric vehicles, which use fewer rubber components than internal combustion engines, the market for automotive rubber-molded parts remains robust.
Request Sample Copy of this Report : https://www.maximizemarketresearch.com/request-sample/121707/
Automotive Rubber Molded Components Market Segmentation:
by Material Type
Ethylene Propylene Diene Monomer (EPDM)
Natural Rubber (NR)
Styrene-butadiene Rubber (SBR)
Other Material Types
by Component Type
Seals
Gaskets
Hoses
Weather-strips
Other Component Types
Request Sample Copy of this Report : https://www.maximizemarketresearch.com/request-sample/121707/
by Vehicle Type
Passenger Car
Commercial Vehicle
Automotive Rubber Molded Components Market Key Players:
AB SKF
Continental AG
Federal-Mogul Corporation
NOK Corporation
Trelleborg AB
ALP Group
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
Prepreg Market was valued at USD 13.67 Bn. in 2023 and the market is expected to reach USD 27.16 Bn. by 2030, at a CAGR of 10.3% throughout forecast period (2024-2030).
Gaskets and Seals Market is expected to reach USD 86.02 billion at a CAGR of 3.7% during the forecast period 2030.
About Maximize Market Research
Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defense, and other manufacturing sectors.
Contact Information:
MAXIMIZE MARKET RESEARCH PVT. LTD.
L Godage
Tel: 09607365656
Email us
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MAXIMIZE MARKET RESEARCH PVT. LTD.
L Godage
Tel: 09607365656
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results