Abstract
Summary
REPORT HIGHLIGHT
The global Automotive Grommet market was valued at USD 980.7 million in 2023, growing with 6.8% CAGR during the forecast period, 2024-2032.
Grommets, whether made of metal, rubber, or plastic, serve as protective rings inserted into holes to mitigate wear and tear.
Market Dynamics:
The escalating global sales of automobiles are anticipated to propel market growth during the forecast period. Developing countries like China, India, Brazil, and Thailand witness a significant surge in demand for both passenger cars and commercial vehicles, attributed to economic development and increased household incomes. For instance, in China, vehicle sales exhibited an upward trajectory reaching 25.311 million units in 2020, as reported by the China Association of Automobile Manufacturers (CAAM). This trend is poised to sustain market expansion.
Furthermore, the adoption of the 3D manufacturing process is projected to bolster market growth. Leveraging advanced computer software, this process solidifies materials to create three-dimensional objects, streamlining automobile component production. Notably, 3D manufacturing reduces manufacturing time per vehicle and expedites model availability compared to traditional methods.
Segment Analysis:
By type, the automotive grommet market is segmented into rubber grommets, plastic grommets, and others. The rubber grommets segment is expected to dominate the market owing to its compression resistance and elasticity, outperforming other materials.
In terms of application, the commercial vehicles segment is anticipated to hold a significant market share during the forecast period. Grommets find extensive use in various commercial vehicle applications, including HVAC ducting system components and weatherstripping and sealing systems for windows and doors.
Regional Analysis:
North America is poised to lead the market during the forecast period, driven by increasing passenger car sales, robust economies, technological advancements, and a growing penetration of electric vehicles (EVs). Conversely, the Asia Pacific region is expected to exhibit the highest CAGR, fueled by escalating demand for both passenger and commercial vehicles alongside rising disposable incomes.
COVID-19 Analysis:
The COVID-19 pandemic inflicted significant disruptions across industries, including manufacturing and retail, due to widespread lockdowns. Disruption in product supply chains and a decline in automotive sales impacted the Automotive Grommet market. However, post-pandemic recovery has been swift, propelled by an upsurge in vehicle demand, although global auto production witnessed a 16% decline in 2020 according to the International Organization of Motor Vehicle Manufacturers.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL AUTOMOTIVE GROMMET MARKET KEY PLAYERS
Ø Continental AG
Ø Device Technologies, Inc.
Ø HUTCHINSON
Ø KYOCERA Corporation
Ø LISI Automotive
Ø Ritus Corporation
Ø Sumitomo Riko Company Limited
Ø TOYODA GOSEI Co., Ltd.
Ø Trelleborg AB
Ø Qualiform, LLC
Ø Xiamen Better Silicone Rubber Co., Ltd
Ø Metflex Precision Rubber Components
Ø Butser Rubber
Ø Grommets Limited
Ø KPM Plasto Rubber Co.
GLOBAL AUTOMOTIVE GROMMET MARKET, BY TYPE
Ø Rubber Grommets
Ø Plastic Grommets
Ø Others
GLOBAL AUTOMOTIVE GROMMET MARKET, BY APPLICATION
Ø Passenger Cars
Ø Commercial Vehicles
GLOBAL AUTOMOTIVE GROMMET MARKET, BY REGION
Ø North America
o The U.S.
o Canada
Ø Europe
o Germany
o France
o Italy
o Spain
o United Kingdom
o Rest of Europe
Ø Asia Pacific
o India
o China
o South Korea
o Japan
o Singapore
o Rest of APAC
Ø Latin America
o Brazil
o Mexico
o Argentina
o Rest of LATAM
Ø The Middle East and Africa
o Saudi Arabia
o United Arab Emirates
o Rest of MEA
Table of Contents
1 Automotive Grommet Market Overview
1.1 Study Scope
2 Executive Summary
2.1 Market Snippet
2.1.1 Market Snippet by Type
2.1.2 Market Snippet by Application
2.2 Competitive Insights
3 Automotive Grommet Key Market Trends
3.1 Market Drivers
3.1.1 Impact Analysis of Market Drivers
3.2 Market Restraints
3.2.1 Impact Analysis of Market Restraints
3.3 Market Opportunities
3.4 Market Future Trends
4 Automotive Grommet Industry Study
4.1 Porter’s Five Forces Analysis
4.2 Marketing Strategy Analysis
4.3 Growth Prospect Mapping
4.4 Regulatory Framework Analysis
5 Automotive Grommet Market: COVID-19 Impact Analysis
5.1 Pre-COVID-19 Impact Analysis
5.2 Post-COVID-19 Impact Analysis
5.2.1 Top Performing Segments
5.2.2 Marginal Growth Segments
5.2.3 Top Looser Segments
5.2.4 Marginal Loss Segments
6 Automotive Grommet Market Landscape
6.1 Market Share Analysis, 2023
6.2 Key Innovators Analysis
6.3 Breakdown Data, by Key Manufacturer
6.3.1 Established Players’ Analysis
6.3.2 Emerging Players’ Analysis
7 Automotive Grommet Market - By Type
7.1 Overview
7.1.1 Segment Share Analysis, Type, 2023 & 2032 (%)
7.2 Rubber Grommets
7.3 Plastic Grommets
7.4 Others
8 Automotive Grommet Market - By Application
8.1 Overview
8.1.1 Segment Share Analysis, Application, 2023 & 2032 (%)
8.2 Passenger Cars
8.3 Commercial Vehicles
9 Automotive Grommet Market- By Geography
9.1 Introduction
9.1.1 Segment Share Analysis, By Geography, 2023 & 2032 (%)
9.2 North America
9.2.1 Overview
9.2.2 Key Manufacturers in North America
9.2.3 North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
9.2.4 North America Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.2.5 North America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.2.6 U.S
- 9.2.6.1 Overview
- 9.2.6.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.6.3 U.S. Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
- 9.2.6.4 U.S. Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.2.7 Canada
- 9.2.7.1 Overview
- 9.2.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
9.3 Europe
9.3.1 Overview
9.3.2 Key Manufacturers in Europe
9.3.3 Europe Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
9.3.4 Europe Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.3.5 Europe Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.3.6 Germany
- 9.3.6.1 Overview
- 9.3.6.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.6.3 Germany Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
- 9.3.6.4 Germany Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.3.7 Italy
- 9.3.7.1 Overview
- 9.3.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.7.3 Italy Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
- 9.3.7.4 Italy Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.3.8 United Kingdom
- 9.3.8.1 Overview
- 9.3.8.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.8.3 United Kingdom Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
- 9.3.8.4 United Kingdom Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.3.9 France
- 9.3.9.1 Overview
- 9.3.9.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.9.3 France Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
- 9.3.9.4 France Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.3.10 Rest of Europe
- 9.3.10.1 Overview
- 9.3.10.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.3.10.3 Rest of the Europe Market Size and Forecast, By Type 2019 - 2032 (US$ Million)
- 9.3.10.4 Rest of the Europe Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.4 Asia Pacific (APAC)
9.4.1 Overview
9.4.2 Key Manufacturers in Asia Pacific
9.4.3 Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
9.4.4 Asia Pacific Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.4.5 Asia Pacific Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.4.6 India
- 9.4.6.1 Overview
- 9.4.6.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.6.3 India Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
- 9.4.6.4 India Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.4.7 China
- 9.4.7.1 Overview
- 9.4.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.7.3 China Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
- 9.4.7.4 China Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.4.8 Japan
- 9.4.8.1 Overview
- 9.4.8.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.8.3 Japan Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
- 9.4.8.4 Japan Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.4.9 South Korea
- 9.4.9.1 Overview
- 9.4.9.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.9.3 South Korea Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
- 9.4.9.4 South Korea Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.4.10 Rest of APAC
- 9.4.10.1 Overview
- 9.4.10.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.4.10.3 Rest of APAC Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
- 9.4.10.4 Rest of APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.5 Latin America
9.5.1 Overview
9.5.2 Key Manufacturers in Latin America
9.5.3 Latin America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
9.5.4 Latin America Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.5.5 Latin America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.5.6 Brazil
- 9.5.6.1 Overview
- 9.5.6.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.5.6.3 Brazil Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
- 9.5.6.4 Brazil Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.5.7 Mexico
- 9.5.7.1 Overview
- 9.5.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.5.7.3 Mexico Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
- 9.5.7.4 Mexico Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.5.8 Argentina
- 9.5.8.1 Overview
- 9.5.8.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.5.8.3 Argentina Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
- 9.5.8.4 Argentina Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.5.9 Rest of LATAM
- 9.5.9.1 Overview
- 9.5.9.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.5.9.3 Rest of LATAM Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
- 9.5.9.4 Rest of LATAM Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.6 Middle East and Africa
9.6.1 Overview
9.6.2 Key Manufacturers in Middle East and Africa
9.6.3 Middle East and Africa Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
9.6.4 Middle East and Africa Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.6.5 Middle East and Africa Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.6.6 Saudi Arabia
- 9.6.6.1 Overview
- 9.6.6.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.6.6.3 Saudi Arabia Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
- 9.6.6.4 Saudi Arabia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
9.6.7 United Arab Emirates
- 9.6.7.1 Overview
- 9.6.7.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.6.7.3 United Arab Emirates Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
- 9.6.7.4 United Arab Emirates Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10 Key Vendor Analysis
10.1 Competitive Dashboard
10.2 Company Profiles
10.2.1 Continental AG
10.2.2 Device Technologies, Inc
10.2.3 HUTCHINSON
10.2.4 KYOCERA Corporation
10.2.5 LISI Automotive
10.2.6 Ritus Corporation
10.2.7 Sumitomo Riko Company Limited
10.2.8 TOYODA GOSEI Co., Ltd
10.2.9 Trelleborg AB
10.2.10 Qualiform, LLC
10.2.11 Xiamen Better Silicone Rubber Co., Ltd
10.2.12 Metflex Precision Rubber Components
10.2.13 Butser Rubber
10.2.14 Grommets Limited
10.2.15 KPM Plasto Rubber Co
11 360 Degree AnalystView
12 Appendix
12.1 Research Methodology
12.2 References
12.3 Abbreviations
12.4 Disclaimer
12.5 Contact Us