PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1767733
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1767733
Automotive Rubber Parts Market is estimated to be valued at USD 58 Bn in 2025 and is expected to reach USD 85 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.5% from 2025 to 2032.
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2024 | Market Size in 2025: | USD 58 Bn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 4.50% | 2032 Value Projection: | USD 85 Bn |
Automotive rubber parts are essential for enhancing the endurance of automobiles. They are used as a sealing material in different components such as engines and powertrains. It can reduce friction between components, prevent abrasion, and control damping.
The market comprises various types of rubber-molded components, including gaskets, seals, hoses, bushings, mounts, and weather strips. They are produced from natural rubber (NR), styrene-butadiene rubber (SBR), ethylene propylene diene monomer (EPDM), and others to provide flexibility and durability. This is to ensure that the vehicles can operate smoothly under any duress or from external conditions.
The primary driver of the market is the continuous expansion of the global automotive sector, with emerging markets in Asia Pacific contributing significantly to increased vehicle manufacturing and sales. This can induce substantial demand for rubber components across all vehicle categories.
The growing emphasis on comfortable rides, noiseless functioning, and vibration control has intensified the need for advanced rubber parts. This is witnessed in premium vehicle segments, where superior ride quality is paramount.
In addition, the rapid adoption of electric vehicles (EVs) has created new opportunities for customized rubber components. The shapes of seals and gaskets have been customized to meet the requirements of electric powertrains and battery systems.
However, the market faces restraints from volatile raw material prices, particularly natural rubber and synthetic polymer costs, which directly impact manufacturing expenses and profit margins for automotive rubber part manufacturers. Environmental regulations and sustainability concerns have imposed additional constraints, requiring manufacturers to invest heavily in eco-friendly materials and sustainable oils while maintaining performance standards.
Despite these challenges, significant opportunities emerge from the increasing focus on vehicle electrification, autonomous driving technologies, and advanced driver assistance systems, all requiring specialized rubber components.
This report provides an in-depth analysis of the global automotive rubber parts market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year.
It highlights potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global automotive rubber parts market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Sailun Group Co., Ltd., Apollo Tyres Ltd., Bridgestone Corporation, Yokohama Rubber Company, Limited, Sumitomo Rubber Industries, Ltd., JK Tyre & Industries Ltd., Hankook Tire & Technology Co., Ltd., Michelin Group, Nexen Tire Corporation, Continental AG, Pirelli & C. S.p.A., Kumho Tire Co., Inc., Giti Tire, Nokian Tyres plc, Zhongce Rubber Group Co., Ltd., Cooper Tire & Rubber Company, Shandong Linglong Tire Co., Ltd., Toyo Tire Corporation, Goodyear Tire & Rubber Company, and Maxxis International.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global automotive rubber parts market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive rubber parts market.