With the boom in the automotive industry in across the globe in recent times the market for Automotive Door seals is expected to witness tremendous growth in the forecast period. With recent technological developments and high end Automotive and luxury vehicles witnessing high demand the Automotive door seals market has immense growth potential. Recent growth in the automotive industry can be attributed to the surge in the demand in the Automotive Door Seals market. Increasing number of vehicles on the road specifically passenger vehicles has significantly contributed to the growth and development in the Automotive Door Seals Market. With the development of new technology in recent times the growth in the Automotive Door Seals market is expected to witness a boost
Hence the market for Automotive Door Seal is expected to grow at 4.84% CAGR in the forecasted period
Market Research Analysis:
The market is highly application based. Technological development, booming automotive industry and stringent government regulations are the major driving factors of the Automotive Door Seals Market. However, Rising Labour Cost and and increasing level of complexity in production and installation issues are expected to restrain the market.
On the basis of type, The others segment has registered the highest market share with 35.36% of market share and registering a CAGR of 5.91%. On the Other hand the rubber segment closely follows the other segment and has registered a market share of 39.87% and market revenue of 593.9 and growing at a CAGR of 4.42.