Europe Automobile Plastic and Rubber Components Market was valued at USD 15 Billion in 2022 and is projected to reach USD 24 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The Europe Automobile Plastic and Rubber Components Market has been growing steadily due to increasing demand for lightweight and durable materials in vehicle manufacturing. Automobile manufacturers are increasingly turning to plastic and rubber components to meet the stringent regulations on fuel efficiency and sustainability. These components offer numerous advantages, including reduced weight, improved fuel efficiency, and enhanced design flexibility. The automotive industry in Europe relies heavily on these materials for a range of parts, including bumpers, dashboards, seals, gaskets, tires, and under-the-hood components. As such, understanding the demand and requirements for these materials is crucial for manufacturers and suppliers alike.
The need for automobile plastic and rubber components stems from a variety of factors, including the automotive industry's focus on sustainability, innovation, and cost-efficiency. For instance, lightweight plastics replace heavier metals in vehicle structures, thereby enhancing fuel economy and reducing carbon emissions. In addition, rubber components, especially in tires and seals, offer crucial performance enhancements in terms of durability, noise reduction, and vibration control. Over the past few years, there has been a notable increase in the use of thermoplastic elastomers (TPE) and thermoset materials, both of which are important in producing high-performance parts for modern vehicles.
The requirement for automobile plastic and rubber components also aligns with the growing trend of electric vehicles (EVs) and hybrid vehicles. These vehicles need components that not only reduce weight but also provide high resistance to extreme conditions like heat, moisture, and chemical exposure. Furthermore, with the growing focus on safety, automakers have started utilizing advanced plastic and rubber technologies to enhance crashworthiness and minimize the risk of injury during accidents. The rise of autonomous driving technology also demands innovative components for sensors, cameras, and communication systems, all of which depend on plastic and rubber materials for effective functionality.
The demand for these components is also shaped by the economic conditions in Europe, with automakers constantly seeking cost-effective materials that can be sourced sustainably. With the growing emphasis on recycling and eco-friendly practices, the automotive industry is focusing on developing new, sustainable materials that reduce environmental impact. Consequently, companies involved in the production of automobile plastic and rubber components are looking for ways to innovate and adapt to meet these evolving market requirements, ensuring that they stay ahead in a highly competitive industry.
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Plastic Omnium
Kojima Industries
Toyoda Gosei
MINTH Group
YFPO
Nishikawa Rubber
SaarGummi
CIE Automotive
Joyson Electronic
Inteva Products
Nihon Plast
Dongfeng Motor Corporation
Zhejiang Xiantong
Seoyon E-Hwa
Roechling
Kasai Kogyo
Inoac
Mitsuboshi Belting
Kyowa Leather Cloth
Tata AutoComp Systems
Meiwa Industry
BHAP
Borgers
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Automobile Plastic and Rubber Components Market
Plastic
Rubber
Composite Materials
Dashboard
Door Panels
Seating Parts
Passenger Vehicles
Commercial Vehicles
Two-Wheelers
Electric Vehicles
Injection Molding
Extrusion
Blow Molding
Compression Molding
Body & Chassis
Powertrain
Electrical Systems
Safety Systems
HVAC Systems
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe Automobile Plastic and Rubber Components Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Automobile Plastic and Rubber Components Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Automobile Plastic and Rubber Components Market, By Type
6. Europe Automobile Plastic and Rubber Components Market, By Application
7. Europe Automobile Plastic and Rubber Components Market, By Geography
Europe
Germany
UK
France
8. Europe Automobile Plastic and Rubber Components Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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