The global automotive rubber-molded component market is projected to grow from USD 60.43 billion in 2025 to approximately USD 89.88 billion by 2034, registering a compound annual growth rate (CAGR) of 4.51% during the forecast period .Precedence Research+1TimesTech+1
Key Market Drivers:
- Lightweight Vehicle Demand: The automotive industry’s focus on reducing vehicle weight to enhance fuel efficiency and comply with stringent emission norms is driving the demand for lightweight rubber-molded components .Precedence Research+1Mordor Intelligence+1
- Electric Vehicle (EV) Growth: The increasing production of electric and hybrid vehicles necessitates durable and efficient rubber components, further propelling market growth .Precedence Research
- Stringent Emission Regulations: Governments worldwide are implementing strict emission control policies, encouraging automakers to adopt components that contribute to reduced emissions .Precedence Research
Material Insights:
- Ethylene Propylene Diene Monomer (EPDM): EPDM held the largest market share in 2024 due to its excellent resistance to weather, heat, and vibration, making it ideal for automotive applications .Precedence Research
- Styrene-Butadiene Rubber (SBR): SBR is expected to witness significant growth owing to its flexibility, durability, and cost-effectiveness .Precedence Research
Component Insights:
- Seals: The seals segment dominated the market in 2024, attributed to their critical role in preventing leaks and ensuring the smooth operation of vehicle systems .Precedence Research
- Gaskets: Gaskets are anticipated to grow at a notable rate, driven by their importance in maintaining system integrity and preventing fluid leakage .Precedence Research
Vehicle Type Insights:
- Passenger Cars: This segment accounted for the largest market share in 2024, supported by the rising production of electric and hybrid passenger vehicles .Precedence Research
- Commercial Vehicles: Commercial vehicles are projected to experience significant growth due to increased demand for energy-efficient transportation solutions .Precedence Research
Regional Insights:
- Asia Pacific: Dominated the market in 2024, with China being a major contributor due to its robust automotive manufacturing ecosystem and high demand for electric vehicles .Precedence Research
- North America: Expected to witness notable growth, driven by advancements in rubber manufacturing technologies and increasing adoption of electric vehicles .Precedence Research
Major Players:
Key companies operating in the market include AB SKF, Continental AG, Federal-Mogul Corporation, NOK Corporation, and Trelleborg AB .Mordor Intelligence
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