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Glass Market in Automotive Industry 2018 Leading Company Analysis: Central Glass, Saint Global, Olimpia Auto Glass, Shatterprufe, Nippon Sheet Glass, Vitro, Xinyi Glass, Guardian Corp, Fuyao Glass, Asahi Glass

08-07-2018 09:21 AM CET | Industry, Real Estate & Construction

Press release from: Market Research Future

Glass Market in Automotive Industry 2018 Leading Company

Glass Market in Automotive Industry 2018 Research Report – Global Forecast to 2023, is latest research report on Global Automotive Glass industry published by Market Research Future. Report provides comprehensive information on Global Glass Market forecast, historic data, with business development strategies, upcoming opportunities, and regional outlook For Automotive Industry. Global Glass market is expected to grow at strategic CAGR by the end of year 2023.

Glass Industry Key Players Analyzed in Report Are:

Nippon Sheet Glass Co. Ltd (Japan), Vitro, S.A.B. de C.V. (Mexico), Xinyi Glass Holdings Limited (Hong Kong), Guardian Industries Corp. (U.S.), Fuyao Glass Industry Group Co.Ltd (China), Asahi Glass Co., Ltd. (Japan), Central Glass Co. (Japan), Saint Global S.A. (France), Olimpia Auto Glass Inc. (Turkey) and Shatterprufe (South Africa) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive Glass Market.

Get Sample Copy Of “Glass Market Research Report - Forecast to 2023” at: https://www.marketresearchfuture.com/sample_request/2045

Glass Industry Highlights:

Automotive glass is the component of vehicle that contributes to the safety and stiffness. Automotive glass includes different components such as windscreen, side and rear windows, and roof of the vehicle with glass panel. The main property of automotive glass is to provide a clear vision of the road and the nearby objects. Mainly two types of automotive glasses are used in automobile that includes tempered safety glass and laminated safety glass.

Over the past decade, the automotive industry has witnessed a prospective growth in the global market in terms of revenue and sales, which has turned into significant opportunities for the manufacturers that can be grabbed in the coming time. In the last couple of years, the automotive manufacturers have come across several product innovation with respect to vehicle safety and security, and the major focused area is to make the auto glass much safer and stiffer. Auto glass is the major component of any vehicle such as passenger cars, light commercial vehicles, heavy commercial vehicles and others, that has been designed and manufacture in a very specific manner to keep the passenger safe. Although, the automotive glass looks the same as any other type of glass, but it functions very differently. As per the market study conducted by Market Research Future, the global market for automotive glass seems very broad and is expected to create lucrative opportunities in the forecast period. Many auto glass manufactures have come up with various technological advancements and key development which have pushed the market to an upper level. This market is majorly benefiting from the various driving factors such as continuously increasing sales of passenger cars, rising number of accidents, increasing research & development spending, government’s initiatives, on-going developments by the prominent auto glass manufacturers.

The automotive manufacturers have seen a drastic rise in the sales of new vehicles in the last few years, which has resulted in increasing vehicles production. Owing to this, the demand for auto glass from the auto manufacturers have put a pressure on the OEMs to increasing the glass production to meet the market demand. Moreover, the vehicle manufacturers along with auto glass OEMs are working together to make the auto glass much safer and stiffer. Additionally, the OEMs are focusing more on expansion of new plants in various countries to meet the demand. The other reason behind the increasing growth of auto glass is the rising number accidents. As per the data of National Highway Traffic Safety Administration of the United States, in 2015, the number of car accidents have reached 6.29 million. As a result, the demand for auto glass has increased at the time vehicle repair.

In spite of these factors, the auto glass market growth could be restrained by the factors such as higher manufacturing prices of auto glass, fluctuating prices of glass raw materials, and underdeveloped aftermarket services in major countries. Whereas, the major factor that has been a challenge for the automotive glass industry is the government regulations over automotive glass certification. The automotive glass needs to clear all the certification process led by government and transportation department. However, several manufacturers face various difficulties in getting NOC from these departments. Moreover, the manufacturers need to obtain these certificates to sell or export their products to other countries such as US’s DOT, China’s CCC, Brazil’s INMETRO, Japan’s JAS, India’s RTO and among others. Therefore, owing to this factor, the market has faced various challenges that could obstruct the market growth.

Regional Analysis:

Geographically, Asia-Pacific is a major revenue generator of the global automotive glass market, where China, Japan and India are considered the prominent countries for the market, owing to the growing population, huge exports, rapid urbanization and technological advancements. Moreover, the rising preference for gorilla glass for high end premium vehicles, will create an opportunity for the specialized automotive market to meet the standard for the glass.

North America is the second leading market of automotive glass market and is estimated to grow at a CAGR of 7.19% during the forecast period.

Industry Segmentation:

For the better understanding of the report, Glass has been segmented By type (Tempered glass, Laminated glass), By vehicle type (Passenger car, Light commercial vehicle, Heavy Commercial vehicle), By Application (Windscreen, Sidelite, Backlite, Sunroof) and Region

Industry News:

In January 2016 – The prominent auto glass manufacturer Saint-Gobain planned to invest USD 10 billion in the next two years in its Sriperumbudur plant in Tamil Nadu, India. The major reason behind this huge investment was growing demand for auto glass from the auto manufacturers. Additionally, this investment is expected to add a substantial manufacturing capacity and capabilities to the World Glass Complex. This development is projected to create an ample opportunity that can boost up the automotive glass market in India and other Asia Pacific countries.

In July 2017 – Recently, the leading vehicle glass service company and owner of Safelite AutoGlass closed the agreement to acquire all vehicle glass repair and replacement asset from Perfection Auto Glass of Muncie. This acquisition made a clear position of Safelite Autoglass to be the leader in the region. Moreover, this acquisition was expected create a positive impact on the auto glass aftermarket services. This development helped the global automotive glass manufacturers to stable the aftermarket services in the regions where its requirement is most.

In May 2017 – Recently, Asahi India Glass Limited announced to invest USD 5,000 million in ‘Greenfield Automotive Glass Plant’ near Mehsana in Gujarat. The reason behind this investment was to primarily meet the automotive glass requirements of Maruti Suzuki India Limited at its newly-established Gujarat plant. Moreover, this investment is in line with the Make in India initiative taken by the Indian Government. This investment shows that the India has become one of the major hubs for the automotive components manufacturers as well as vehicle manufacturer. This will result in growing the market for auto glass in India and will also create a lucrative opportunity in Asia Pacific.

List of Tables:

TABLE 1 GLOBAL AUTOMOTIVE GLASS MARKET, BY TYPE , 2015 TO 2023 (USD MILLION)

TABLE 2 GLOBAL AUTOMOTIVE GLASS MARKET, BY VEHICLE TYPE, 2015 TO 2023 (USD MILLION)

TABLE 3 GLOBAL AUTOMOTIVE GLASS MARKET, BY APPLICATION, 2015 TO 2023 (USD MILLION)

TABLE 4 GLOBAL AUTOMOTIVE GLASS MARKET, BY REGION, 2015-2023 (USD MILLION)

TABLE 5 NORTH AMERICA AUTOMOTIVE GLASS MARKET, BY COUNTRY 2015-2023 (USD MILLION)

Continued...

Browse more details on “Glass Industry Research Report – Forecast to 2023” at: https://www.marketresearchfuture.com/reports/automotive-glass-market-2045

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Us:

Amanora Chambers,

Magarpatta Road, Hadapsar

Pune - 411028

Maharashtra, India+1 646 845 9312

sales@marketresearchfuture.com

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