Rubber Molding Market for Automotive Components to Grow at CAGR of 5.2% to 2020
PUNE, India, January 13, 2016 /PRNewswire/ --
The global automotive rubber molding components market is expected to grow at a CAGR of 5.20% from 2015 to 2020 to hit a market size of USD 40.5 Billion by 2020. Increasing technological advancements, increasing stringent emission & increasing adoption of lightweight materials driving the automotive rubber molded components market. Asia-Oceania is projected largest market for automotive rubber molded components market.
Complete report on rubber molding market for automotive components and sub-components spread across 270 pages, profiling 11 companies and supported with 146 tables and 49 figures is now available at http://www.rnrmarketresearch.com/rubber-molding-market-for-automotive-components-sub-components-rings-weather-strips-gaskets-seals-hoses-grommets-bellows-material-epdm-nr-sbr-others-vehicle-type-passenger-car-lcv-hcv-region-global-trends-forecast-to-2020-market-report.html .
The worldwide rubber molded components market size is projected to grow at a promising CAGR of 5.20% during the forecast period, to reach USD 40.5 billion by 2020. The market is driven by factors such as technological advancements, rising vehicle production, increasingly stringent emission, safety, and fuel economy norms, the fluctuating prices of crude oil (which in turn, impact the prices of synthetic rubber), ecological concerns, and increasing adoption of lightweight materials.
The Asia-Oceania market, in terms of volume, is projected to grow at the highest CAGR of 6.14% during the forecast period, as a result of the increased demand for advanced vehicles, especially from countries such as China and India. Additionally, developments in the global automotive market, such as mergers and the relocation of production centers to emerging economies, has increased the market potential of countries such as China and India. Passenger car production is expected to grow in these countries, owing to the availability of cheap labor and favorable government policies. For instance, the Indian government has permitted 100% foreign direct investment (FDI) with no minimum investment criteria for the automotive sector. OEMs such as Toyota (Japan), Hyundai Motor Company (South Korea), and Honda Motor Company (Japan) are also present in the region.
This report classifies and defines the global automotive rubber molded components market, in terms of volume and value. Market size, in terms of volume, is provided in thousand units and thousand tons from 2013 to 2020, while the market size, by value, is provided in terms of USD million. This report also segments the automotive rubber molded components market into major regions (North America, Asia-Oceania, Europe, and the Rest of the World (RoW)). Additionally, key players in the automotive rubber molding components market have been identified and profiled.
The automotive rubber molding components and sub-components market is dominated by a few globally established players, such as Continental AG (Germany), Federal-Mogul Corporation (U.S.), and Sumitomo Riko Co., Ltd. (Japan), among others. The key growth strategies adopted by these players are expansion and new product development. Order a copy of Rubber Molding Market for Automotive Components & Sub-Components (Rings, Weather-strips, Gaskets, Seals, Hoses, Grommets, & Bellows), Material (EPDM, NR, SBR & Others), Vehicle Type (Passenger car, LCV & HCV) & Region - Global Trends & Forecast to 2020 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=441917 .
The report will enable new entrants/smaller firms as well as established firms to understand the market better, which will help them to acquire a larger market share. Firms purchasing the report could use any one or a combination of the below-mentioned four strategies (market development, product development/innovation, market diversification, and competitive assessment) to strengthen their position in the global automotive rubber molding components market.
Continuing on the related topic, another research on Automotive Engine Belt & Hose Market Global Forecast & Analysis to 2020 says the global market for automotive belts & hoses is estimated to grow at CAGRs of 6.09% and 6.82% respectively from 2015 to 2020. This report classifies and defines the global automotive belt & hose market size, in terms of volume and value. Market size in terms of volume is provided in million units from 2013-2020, whereas the market value has been provided in terms of ($Million). Companies like Continental AG, Toyoda Gosei Co., Ltd.,Yokohama Rubber Co., Ltd., Sumitomo Riko Co., Ltd. and Gates Corporation have been profiled in this 185 pages research available at http://www.rnrmarketresearch.com/automotive-engine-belt-hose-market-by-belt-type-timing-belt-drive-belt-hose-application-turbocharger-cooling-heating-fuel-delivery-braking-steering-vehicle-type-pc-lcv-hcv-and-by-region-global-forecast-analysis-to-2020-market-report.html .
Explore more reports on automotive and transportation markets at http://www.rnrmarketresearch.com/reports/automotive-transportation .
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