Rubber molding is the procedure of shaping rubber into practical products in the automotive industry. Rubber molding products are surrounded in a mold cavity and are then transformed into the desired shape. Rubber molded components are utilized in some major areas, which involve solenoid valves, clutch assemblies, brakes, transmissions, electric motors, batteries, engines, steering, and air conditioning systems.
MARKET SCOPE
The "Global Rubber Molding Market Analysis to 2028" is a specialized and in-depth study of the Rubber Molding market with a special focus on the global market trend analysis. The report aims to provide an overview of Rubber Molding market with detailed market segmentation by component, vehicle type, material, and geography. The global Rubber Molding market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Rubber Molding market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of component, the market is segmented as Seals, weather-strips, gaskets, hoses, grommets, bellows.
- On the basis of vehicle type, the market is segmented as passenger car, LCV, HCV.
- On the basis of material, the market is segmented as EPDM (Ethylene Propylene Diene Terpolymer), NR (Natural Rubber), SBR (Styrene-Butadiene Rubber), and Others.
MARKET DYNAMICS
Drivers:
- Increased Adoption of Lightweight Materials in Automobiles
- Demand for Alternate Fuel Vehicles
Restraints:
- Concerns regarding environmental threat of rubber products
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Rubber Molding market based on various segments. It also provides market size and forecast estimates from year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Rubber Molding market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Rubber Molding market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Rubber Molding market in these regions.
IMPACT OF COVID-19 ON RUBBER MOLDING MARKET
The global rubber product manufacturing industry was significantly hit by the onset of the COVID-19 pandemic. The market was impacted in numerous ways including supply chain disruption of raw materials, delay in farming operations and latex collection, and restrictions on global trade. Moreover, since the rubber molding market is largely labor extensive, the production came to a halt during the peak of the pandemic in 2020-2021. The largest consumer of rubber products is the automotive sector which accounts for nearly 60 per cent of all sales. A number of rubber molding manufacturers producing for the automotive industry took a toll due to the plummeting automotive market during 2020-2021. Furthermore, rubber moldings are used in several applications of mining, medical, aerospace, agriculture, construction, machinery, engineering and electrical appliance manufacturing industries. Therefore, due to the widespread demand of rubber molding across multiple industries, the market is expected to stabilize with the reopening of manufacturing facilities and global trade.
MARKET PLAYERS
The reports cover key developments in the Rubber Molding market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Rubber Molding market are anticipated to lucrative growth opportunities in the future with the rising demand for Rubber Molding market. Below mentioned is the list of few companies engaged in the Rubber Molding market.
The report also includes the profiles of key Rubber Molding market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- SKF
- Continental AG
- Cooper-Standard Holdings Inc.
- Molded Dimensions
- Freudenberg and Co. Kg
- Hutchinson SA
- Sumitomo Riko Co., Ltd.
- Toyoda Gosei Co., Ltd.
- Trelleborg AB
- Polymax Ltd.
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