PUBLISHER: QYResearch | PRODUCT CODE: 1321011
PUBLISHER: QYResearch | PRODUCT CODE: 1321011
According to our research, the global weather strip market was valued at US$ 8,295.9 million in 2022 and is anticipated to reach US$ 12,265.2 million by 2029, witnessing a CAGR of 4.96% during the forecast period 2023-2029.
China weather strip market size was US$ 2,468.2 million in 2022, while Japan was US$ 1,889.3 million. The proportion of the China was 29.75% in 2022, while Japan's percentage was 22.77%, and it is predicted that China market share will reach 31.51% in 2029, trailing a CAGR of 6.12 % through the analysis period. As for the Other regions, the notable markets are Europe and North America, CAGR is 4.65 % and 3.95 % respectively for the next 6-year period.
Based on the product type, EPDM weather strip accounting for 74.37% of the weather strip global market in 2022, is projected to value US$ 9,049.3 million by 2029, growing at a revised 4.80% CAGR from 2023 to 2029. while TPE weather strip is the most promising market, expect to enjoy a highly growth rate more than 8.44% in the near future.
The global major manufacturers of weather strip include: Cooper Standard, Toyoda Gosei, Hutchinson, Nishikawa Rubber, Henniges Automotive, Hwaseung, SaarGummi Group, Jianxin Zhao's Group, Standard Profil, Kinugawa Rubber Industrial, REHAU, Tokai Kogyo, Zhejiang Xiantong Rubber, Haida Rubber and Plastic and Guizhou Guihang, etc. In terms of revenue, the global five largest players hold a 55.19% market share of weather strip in 2022.
This report aims to provide a comprehensive presentation of the global market for Weather Strip, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Weather Strip.
The Weather Strip market size, estimations, and forecasts are provided in terms of output/shipments (M Meters) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Weather Strip market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Weather Strip manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.