Weatherstripping is typically made from EPDM rubber and TPE/TPO, thermoplastic elastomer (TPE) blends of plastic and rubber, and thermoplastic olefin (TPO) polymer/filler blends. The purpose of weatherstripping is to prevent rain and water from entering completely or partially and to do this by returning or redirecting water. Car weather strips are generally found on the edges of car windshields, windows, doors, hoods, trunk lids, etc.
According to the new market research report “Weather Strip – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Weather Strip market size is projected to grow from USD 80.67 million in 2023 to USD 10715.6 million by 2029, at a CAGR of 4.8% during the forecast period.
- Global Weather Strip MarketSize(US$ Million), 2018-2029
Source: QYResearch, “Weather Strip – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Market Drivers:
- Rising automobile production: Rising global automobile production is the major factor driving the growth of the automotive weatherstripping market.
- Climate change and extreme weather: Climate change may lead to more frequent extreme weather events, such as heavy rainfall and storms. In these situations, the need for highly effective weatherstripping is likely to increase to improve driver visibility and safety in adverse weather conditions.
- Technological innovation: Automotive weatherstripping technology continues to innovate, including more advanced rubber materials, climate-sensitive wiper systems, heated weatherstripping, etc. These innovations have improved the performance and durability of weatherstripping, driving market demand.
Restraint:
- Price competition and cost pressure: The automotive industry usually faces fierce price competition, and manufacturers may be subject to cost pressure. In this case, the price of weatherstripping may become a consideration, making it difficult for manufacturers to invest in more advanced technology and high-quality materials.
- The rise of alternative technologies: As technology continues to develop, some alternative technologies may emerge to replace traditional weatherstripping. For example, new window coating technologies may reduce the need for weatherstripping, which could have an impact on the market.
- Global Weather Strip Top10Players Ranking and Market Share（Continually updated）
Source: QYResearch, “Weather Strip – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
This report profiles key players of Weather Strip such as Cooper Standard, Toyoda Gosei, Hutchinson、Nishikawa Rubber, Hwaseung, SaarGummi Group, etc.
In 2022, the global top five Weather Strip players account for 47.36% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Weather Strip.
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