Global Vehicle Sealing Strip Market Continues To Grow With Major Industry Player Trelleborg Group Solutions Expanding Its Production Facility In China

Vehicle Sealing Strip Market


 A vehicle sealing strip is a great way to stop leaks in the engine compartment. There are a few different kinds of them, but they all work in the same basic fashion namely a thin piece of plastic is wrapped around the hole or crack in your engine bay. The plastic is then secured with an adhesive strip to the underside of the hood (or another area). When in use, this strip moves up and down to keep the water out, but still allows some air to get in. Vehicle sealing strips are popular because they allow you to seal a leak before repairing it. When a leak starts, you can simply pull down on the sealing strip and let the water out. Once the water is removed, you can apply patching tape to the area that is affected and wait for it to dry.

Increasing demand for passenger as well commercial vehicles is expected to drive growth of the global vehicle sealing strip market. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), total vehicle (commercial + passenger) sales reached 96 million units in 2017, increasing from 86 million units in 2013 globally. According to the India Brand Equity Foundation (IBEF), India’s domestic automobile sales reached 21.55 million units in FY20, registering a CAGR of 1.29%. Furthermore, according to the International Energy Agency (IEA), in 2019, electric car sales reached 2.1 million globally, registering a growth rate of 2.6%. As a result of this, the demand for vehicle sealing strips has increased significantly worldwide. Hence, such factors are expected to drive growth of the global vehicle sealing strip market. Furthermore, rising purchasing power of the middle-class population in emerging economies is expected to propel the global vehicle sealing strip market growth in the near future.

The availability of alternative sealing products is expected to hinder the global vehicle sealing strip market growth in the near future. Among regions, Asia Pacific is expected to witness significant growth in the global vehicle sealing strip market. This is owing to increasing demand for passenger vehicles in emerging economies such as India, Indonesia, and China. Furthermore, North America is expected to register a robust growth rate, owing to rapid growth of the automobile sector in the developed economies such as the U.S. and Canada.

Major companies involved in the vehicle sealing strip market are Gold Seal Engineering Products Pvt. Ltd., Trelleborg Group, Hebei Shida Seal Group Co., Ltd, TOKAI KOGYO Co., Ltd., Henniges Automotive, Qingdao Seashore Industrial Co., Ltd., Hutchinson, Parker Hannifin Corp, INOAC CORPORATION, and Odenwald-Chemie GmbH.

For instance, in December 2019, Trelleborg Group Solutions expanded its production facility in China.  

Comments

Post a Comment

Popular posts from this blog

Canada Nano-Enabled Packaging For Food And Beverage Is Witnessing Massive Demand Due To Reduction In Waste And Cost-Saving

Image
  Canada nano-enabled packaging for food and beverage uses nanomaterials, using nanotechnology much smaller than 100 microns, to create packaging materials without adding toxic materials. Nano-enabled packaging for food and beverage has shown great acceptance in the packaging industry and is widely used in food & drink and medical packaging. This innovative packaging technology can be applied to a wide range of industries including cosmetics, pesticides, pharmaceuticals, automobiles, packaging solutions, textiles, rubber & plastic, and healthcare. This packaging offers a number of advantages over traditional packaging methods, which include recycling, reduction of waste, cost savings, reduced product vulnerability, and enhanced product life-cycle management. Its environmental benefit is also significant as it promotes the use of bio-degradable materials, improves energy efficiency, protects aquatic systems, and creates a safer working environment for workers. Currently, ...
Read more

Global Biofeedback Measurement Instrument Market to Rise During the COVID-19 Crisis Period Owing to Increasing Consumer Awareness

Image
  Increasing cases of neurological disorders, including depression, anxiety, ADHD, and other dementias, are expected to fuel the market growth of the biofeedback instrument market during the forecast period. For example, according to the World Alzheimer's Study released by Alzheimer's Disease International (ADI), new cases of dementia across regions in 2015 were 4.9 million (49.0 percent) in Asia Pacific, 2.5 million (25.0 percent) in Europe, 1.7 million (18.0 percent) in the Americas and 0.8 million (8.0 per cent) in Africa. In addition, according to Parkinson's UK, about 137,000 people in the UK suffered from Parkinson's disease in 2015. Parkinson's disease is the second most common age-related neurodegenerative condition after Alzheimer's. For example, according to Parkinson's UK, the estimated number of people with Parkinson's disease in Northern Ireland in 2015 was 241, 157 of whom were male and 85 were female. The global biofeedback instrument mark...
Read more

Global Automotive Pumps Market is expected to be valued at US$ 67214.51 Mn by end of 2027, Says CMI

Image
Market Overview Automotive pumps are important components of a vehicle or any other internal combustion engine to move fluids and increase fuel efficiency as well as vehicle performance. Generally, automobile pumps are used in a range of vehicle components, including steering, transmission, coolant, fuel and lubrication. Automotive pumps have seen considerable demand in order to provide environmentally sustainable solutions in the automotive industry. On the basis of vehicle type, the demand for automotive pumps has been segmented into passenger cars, light commercial vehicles and heavy commercial vehicles. On the basis of the distribution channel, the industry was segmented into the original equipment manufacturer (OEM) and the aftermarket.  The global Automotive pump market accounted for US$ 51,885.07 Mn in terms of value and 738,923 units in terms of volume in 2018 and is anticipated to expand at CAGR by 3.8% over the period 2019-2027. Market Opportunities Providing custom-made...
Read more