Few prominent players of the global door weatherstrip market are Endura Products, Inc., Magna International Inc., Zero International, Lauren Manufacturing, Pemko Manufacturing Co., Elton Manufacturing, Ultrafab Inc., National Guard Products, Inc., Reese Enterprises, Inc. Key manufacturers are focusing towards technological innovation and mergers & acquisition. For instance, In June 2017, Magna International Inc. signed a partnership agreement with 3M and Michigan Department of Transportation to provide high driver safety & security. Moreover, the company came up with high innovation in door weather-stripping tools such as crimp on flange (COF) tools to meet the growing demand of customers which help to reduce the time for door weather-stripping.
Door Weatherstrip is used to seal the opening of doors from different elements which reduces the air leakages through the door and saves the energy costs of room heater. There are many types of door weatherstrips which are used for different applications such as commercial, residential, and much more. The door weatherstrip is recommended to use on movable components, whereas silicone or caulk material considers as the best option to fill the openings with stationary components. The door weatherstrip is an effective sealer under humid as well as wind conditions and are easy to install. In door weatherstrip, there are different types of materials used such as rubber, vinyl, metal, etc.
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The key driving factor of global door weatherstrip market is the significant growth in the construction industry, owing to rise in usage of door weatherstrip for the commercial and residential purpose. The macroeconomic factor such as rapidly growing urbanization in emerging countries such as China, Brazil, and India which help to grow global door weatherstrip market at a rapid rate. Another major factor which drives the global door weatherstrip market is the robust growth in the automotive industry attributed to the increasing use of door weatherstrip for vehicle doors purpose across the globe. Global door weatherstrip market is majorly driven by growing mergers and acquisitions activities between the prominent manufacturers and small scale enterprises which help to increase this market over the forecasted period. However, the factor such as high replacement cost of door weatherstrip may hinder the global door weatherstrip market to grow over the forecasted period. Increasing use of high technology tools such as crimp on flange (COF) tools and e-Latch tools because it reduces the time and increases the working efficiency is the key trend of the global door weatherstrip market. Another key trend of the global door weatherstrip market is the new silicone slip coating solutions used for door weather-stripping in the automotive industry.
Among the above-mentioned door weather-stripping types, tubular rubber/vinyl or silicone segment is estimated to witness high growth in global door weatherstrip market over the forecasted period due to its increasing demand in the automotive industry. Based on the geographies, global door weatherstrip market is segmented into seven regions includes Western Europe, Latin America, North America, Japan, Eastern Europe, Asia-Pacific excluding Japan, and Middle East & Africa. Among the regions above, North America captures high market share in global door weatherstrip market due to the surge in demand of weather-stripping for residential and commercial use. Western Europe is anticipated to see the high growth rate in global door weatherstrip market over the forecast period, owing to its high demand for automotive industry across the region.
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Asia Pacific excluding Japan is predicted to showcase high growth in the global market over the forecasted period, attributed to rapidly growing construction activities as well as shifting manufacturing industries to China owing to low labor cost across the region. Japan is estimated to witness to see the high growth rate in global door weatherstrip market due to rapid growth in the automotive industry. The demand in MEA door weatherstrip market is expected to grow during the forecast period owing to the high demand of door weather-stripping for residential/commercial purposes in the region.