Rubber Molding Market

Automotive Rubber Molding Market Size (2023-2028):

The Automotive rubber molding market is expected to increase by 6.31% from 2022 to 2028, reaching a market size of $40.5 billion by 2028.

The production of rubber products has increased worldwide. The development of the rubber industry is attributed to factors such as the spatial distribution of resources, technological advances in manufacturing, and the introduction of a wide range of products oriented to the industry. The manufacture of rubber products can be divided into tire production and manufacturing without tires. The tireless production segment, informing uncured rubber, produces sophisticated and high-tech products, while the tire manufacturing segment covers the production of automobile tires. 

Market drivers and restrictions:

It is expected that molded rubber parts for automobiles will increase as a result of increased vehicle production, the use of lighter automotive materials and safety regulations, fuel consumption standards, and increasingly stringent emissions. Strict regulations on vehicle emissions are also forcing car manufacturers to produce vehicles that consume less fuel, which in turn increases the growth of lightweight materials such as molded rubber parts. Companies use rubber components instead of traditional metal and plastic structures to reduce vehicle weight and increase fuel efficiency significantly.

The demand for the auto parts industry was derived from both the original equipment manufacturer (OEM) and the secondary market. The profit margins of the replacement market are higher than in the OEM market. The production volume of passengers and commercial vehicles in the Asia Pacific region is very high compared to other regions, which in turn increases the demand for the rubber molding market. One of the biggest challenges for auto parts manufacturers is compliance with different regulations and environmental guidelines at the regional level. Volatile currency exchange rates related to import and export duties on minor vehicle components can also affect the volumes of trade in commodities around the world.

AUTOMOTIVE RUBBER MOLDING MARKET REPORT COVERAGE:

Market Segmentation:

By Components:

• Seals (O-Ring Seals, Rotary Seals, Lip Seals, and Mechanical Seals),

• Weather strips (Door Weather-strips, Window Weather-strips, Trunk Weather-strips, and Hood Weather-strips),
• Gaskets (Intake Manifold Gaskets, Exhaust Manifold Gaskets, Oil Pan Gaskets, and Valve Cover Gaskets),
• Hoses, Grommets
• Bellows.

By Vehicle Type:

• Passenger Car
• LCV
• HCV.

By Material:

• EPDM (Ethylene Propylene Diene Terpolymer)

• NR (Natural Rubber)

• SBR (Styrene-Butadiene Rubber)

• Others.

By Region:

• North America 
• Europe 
• Asia Pacific 
• Latin America 
• Middle east and Africa 

Recent developments:

The Asia-Pacific region was the largest automotive market for molded rubber automotive parts in terms of production and consumption. This is due to the fact that India and China have established themselves as major centers for the manufacture of automotive components that have been awarded to the Western car giants. In addition, government support for foreign direct investment in these countries has small and medium regional players with Bohra Rubber Pvt. Encouraged to enter the molded rubber parts market. Ltd as a leader in rubber parts. As of 2016, China has established itself as a leader in the Asia-Pacific and global rubber component markets. The growth of the economy and the increase in disposable income have led to an increased demand for cars in India and China, which in turn opens up new opportunities for the dependent gum sector.

Key players in the market:

The automotive rubber molded components ecosystems consist of manufacturers such as Continental AG (Germany), Federal-Mogul Corporation (U.S.) & Sumitomo Riko Co., Ltd. (Japan), automotive original equipment manufacturers (OEM) such as Toyota Motor Corporation (Japan), Volkswagen AG (Germany) & Ford Motor Company (U.S.), ISUZU, Nissan, Suzuki, Mercedes-Benz. Some research institutes like The Automotive Research Association of India (ARAI), and regional automobile associations such as the China Association of Automobile Manufacturers (CAAM), Japan Automobile Manufacturers Association (JAMA), & European Automobile Manufacturers Association (ACEA), among others.