ADS Market Highlights
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 of automotive door seals market is expected to witness a boost. Initially the manufactures followed a simple design and a traditional process to manufacture automotive door seals. Gradually with the increasing complexities in the design of the automotive vehicles, the process of manufacturing and designs of door seals have also become increasingly complicated. This acts as a major hurdle in the process of installation and the designing of the automotive door seals. The India automotive door seals market trend is poised to grow at 4.84% CAGR and is estimated to reach USD 1,557.2 million by the end of forecast period.
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. Scope of the Report This study provides an overview of the India Automotive Door Seals market share, 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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Rubber
Sponge