Automotive Grommet Component Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

A grommet is a ring or edge strip that is inserted into a hole in thin material, such as a sheet of cloth fabric, sheet metal, or a carbon fibre, wood, or honeycomb composite. Grommets are often made of metal, plastic, or rubber and are flared or collared on either side to hold them in place. They may be used to avoid tearing or abrasion of the pierced material, as well as to protect the insulation on the wire, cable, or line being routed through the penetration from abrasion, and to cover sharp edges of the piercing.

MARKET DYNAMICS

The increase in use of automobiles with high quality equipment which are resistant from wear and tear and are long lasting is driving the growth of automotive grommet components market. The cost of assembly and manufacturing is some of the restraining factors for this market.

MARKET SCOPE

The

"Global Automotive grommet components Market Analysis to 2031"

is a specialized and in-depth study of the food and beverage industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the Automotive grommet components market with detailed market segmentation by form and distribution channel. The Automotive grommet components market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Automotive grommet components market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The Automotive grommet components market is segmented into Type and Application. By Type, the Automotive grommet components market is classified into EPDM, NR, SBR. By Application, the Automotive grommet components market is classified into passenger cars, LCV and HCV and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the Automotive grommet components market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The Automotive grommet components market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the Automotive grommet components market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Automotive grommet components market in these regions.

MARKET PLAYERS

The report covers vital developments in the Automotive grommet components market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the Automotive grommet components market are anticipated to lucrative growth opportunities in the future with the rising demand for Automotive grommet components in the global market. Below mentioned is the list of few companies engaged in the Automotive grommet components market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Automotive grommet components market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   Continental AG
  
•   Device Technologies, Inc.
  
•   Federal-Mogul Corporation
  
•   HUTCHINSON
  
•   KYOCERA Corporation
  
•   LISI Automotive
  
•   Ritus Corporation
  
•   Sumitomo Riko Company Limited
  
•   TOYODA GOSEI Co., Ltd.
  
•   Trelleborg AB
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Automotive Grommet Component Report Scope