Market Synopsis:
According to Market Research Future (MRFR)’s analysis, the India automotive door seals market has been projected to expand at a steady CAGR over the forecast period. The valuation of the market has been projected to reach USD 1,557.2 Mn towards the end of 2027 up from USD 917 Mn in 2015. Automotive seal has developed a core application in the industry and is likely to witness demand generation with the growth of the industry.
India automotive door seals market is expected to exhibit significant growth over the next couple of years owing to the increasing demand for passenger and commercial vehicles. Furthermore, the growth of the middle-income population is likely to fuel demand for cars during the assessment period. This, in turn, is anticipated to boost the future trajectory of the market.
The growing demand for high-end cars is poised to favor the expansion of the India automotive door seals market in the foreseeable future. On the flip side, the limited shelf life of the product is anticipated to check the expansion of the market across the review period. Furthermore, the design & installation issues associated with the product is poised to hinder the growth of the India automotive door seals market in the upcoming years.
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Market Segmentation:
By type, the India automotive door seals market has been segmented into rubber, sponge, and others.
By end market, the India automotive door seals market is segmented into Original Equipment Manufacturers (OEM) and aftermarket.
Regional Insights:
The regional analysis of the India automotive door seals market spans across North India, South India, East India, and West India. North India is projected to lead the Indian market and is poised to strike a CAGR of 5.09% during the forecast period. The consolidation of key players such as Maruti and Hyundai are likely to favor the expansion of the India automotive door seals market in the Northern region. Meanwhile, West India signifies strong growth opportunities and has been projected to grow substantially in the forthcoming years. It is likely to mark a CAGR of 5.19% over the assessment period.
Competitive Dashboard:
Some of the key players operating in the India automotive door seals market are Gold Seal Group (India), Trelleborg (Sweden), Cooper Standard (U.S.), ALP Nishikawa (India), HSI Automotives (India), Toyoda Gosei (Japan), and Bohara Rubber (India).
Industry News:
In February 2019, an Indian subsidiary of Toyoda Gosei Co., Ltd., Toyoda Gosei Minda India Pvt. Ltd. (TGMIN), has officially announced the inauguration of its new plant in Gujarat, India.
In January 2019, Cooper-Standard Holdings Inc., a leading global supplier of the automotive industry systems and components, has announced its plan of supplying 2020 Ford Explorer with sealing as well as fluid transfer systems.
In December 2018, Cooper Standard, a manufacturer, and supplier of automotive systems and components, has licensed its Fortrex™ material platform to PolyOne Corp, which is a provider of specialized polymer materials, solutions, and services.
In September 2018, a leading global supplier of the automotive industry systems and components, Cooper Standard, has announced the opening of its new headquarter and engineering center in Yokohama, Japan for the Asia Pacific market.
In August 2018, Hutchinson S.A., French automotive parts supplier, has announced the development of a thermoplastic car door seal as an alternative to EPDM door seal. The new product is claimed to be 30-50 percent lighter than the EPDM.
In July 2018, Toyoda Gosei Co., Ltd.’s subsidiary in India, Toyoda Gosei Minda India (TGMIN), has enhanced its technical operations in India with the opening of its new office in Gurgaon. The new office is a step taken for the localization of the product.
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