Press release
Automotive Glass Market Set for Continued Growth | 2018 Key Players are Saint-Gobain Sekurit, Central Glass America, Nippon Sheet Glass, PPG Industries, Xinyi Glass, Corning, Guardian Glass, Webasto, Magna International, Fuyao, Euroglas, Paragon Tempered
Automotive Glass Market
Automotive Glass Market to reach USD 21 billion by 2024; according to a new research report by Global Market Insights, Inc.
Rising automotive production across the globe in conjunction with area of vehicle covered with glass will drive the industry growth. Increasing automotive glass consumption per vehicle due to the change in car models has enhanced the business growth. Inclination towards large windscreen along with growing demand for sunroofs will drive the automotive glass market size.
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The installation of glass for windows, roofs, doors, vents, and windshields to reduce this weight will thus, positively influence global automotive glass industry. For the sake of user safety however, manufacturers prefer to install windshields with laminated glass, for the sole reason that they provide high UV resistance and durability. As per estimates, laminated automotive glass market size was worth USD 7 billion in 2017. Pertaining to the excellent features of this product, such as minimization of obstacle penetration through fragment scattering avoidance, the demand for this glass has been surging by the day. In order to adhere to regulatory norms regrading safety standards in vehicles, automakers have been using this product extensively in vehicle manufacturing, impelling laminated automotive glass market size, slated to register a CAGR of 7% over 2018-2024.
Top Key Players:-
• Saint-Gobain Sekurit (Paris)
• Asahi Glass Co. (Japan)
• Central Glass America, Inc. (United States)
• Shenzhen Benson Automobile Glass Co., Ltd. (China)
• Nippon Sheet Glass Co., Ltd. (Japan)
• PPG Industries, Inc. (Japan)
• Xinyi Glass Holdings Ltd. (China)
• Duratuf Glass Industries (P) Ltd. ()
• Corning, Inc. (United States)
• Guardian Glass (United States)
• Webasto (United States)
• Magna International Inc. (Canada)
• Fuyao Group (China)
• Fuso Glass India Pvt. Ltd. (India)
• Pittsburgh Glass Works (United States)
• Gentex Corporation (United States)
• Shatterprufe Windscreens (Port Elizabeth)
• Vitro, S.A.B. de C.V. (Mexico)
• LKQ Corporation (United States)
• Dura Automotive System LLC (United States)
• Soliver (Germany)
• Windscreens Glas Trosch Holding AG
• Independent Glass Co., Ltd.
• Paragon Tempered Glass (Michigan)
• China Glass Holding Ltd. (China)
• Euroglas GmbH (Germany)
Regional Segmentations:-
The U.S. automotive glass market from laminated product was worth more than USD 700 million in 2017. Stringent regulations for passenger safety in conjunction with consumer awareness pertaining superior quality glass capable of handling impact and bad weather will drive the regional demand. Shifting trends for supercars and modified cars with increased utilization of tinted products particularly in the U.S. is supporting product innovations. Large presence of the leading automobile manufacturers in Germany and Italy will favor the overall Europe automotive glass market growth.
China automotive glass market from OEM is estimated to witness over 7% growth up to 2024. High consumer spending on vehicles accompanied by inclination towards luxury and supercars are the factors driving industry demand. Large presence of manufacturing facilities coupled with rapid industrialization mainly in China and India will propel the product growth.
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Major Points of Table Of Content:-
3. Automotive Glass Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material supplier
3.3.2. Manufacturers
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.3.4.1. OEM
3.3.4.2. Aftermarket
3.3.4.3. E-commerce
3.3.5. Vendor matrix
3.3.5.1. Role
3.3.5.2. Presence
3.3.5.3. Product portfolio
3.4. Technology landscape
3.4.1. Float glass technology
3.4.2. Computerized process control
3.4.3. Vertically fired furnaces
3.4.4. Acoustic windshield for cars
3.4.5. Water repellent glass for side windows
3.5. Automotive production, by region, 2013 - 2017
3.5.1. North America
3.5.2. Europe
3.5.3. APAC
3.5.4. LATAM
3.5.5. MEA
3.6. Pricing analysis
3.6.1. Regional pricing
3.6.1.1. North America
3.6.1.2. Europe
3.6.1.3. APAC
3.6.1.4. LATAM
3.6.1.5. MEA
3.6.2. Cost structure analysis
3.7. Regulatory landscape
3.7.1. North America
3.7.2. Europe
3.7.3. APAC
3.7.4. LATAM
3.7.5. MEA
3.8. Industry impact forces
3.8.1. Growth drivers, by region
3.8.1.1. NA
3.8.1.2. Europe
3.8.1.3. APAC
3.8.1.4. LATAM
3.8.1.5. MEA
3.8.2. Industry pitfalls & challenges
3.8.2.1. Raw materials demand and supply gap
3.8.2.2. Intensive capital investment
3.9. Innovation and sustainability
3.9.1. Smart glass technology
3.9.2. Gorilla glass windshields
3.10. Growth potential analysis
3.11. Porter's analysis
3.12. Competitive landscape, 2017
3.12.1. Company market share analysis, 2017
3.12.2. Key stake holders
3.12.3. Strategy dashboard
3.13. PESTEL analysis
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Automotive glass market draws sales from two essential distribution systems – the OEMs and the aftermarket. Driven by the rising concerns about safety, OEMs held more than 80% of automotive glass market share in 2017, emerging as the dominant segment. Automotive glass industry firms are known to establish partnerships with automakers in order to liaison with OEMs to ensure effective automotive assemblies. OEMs, also known to harness the latest technology as it lowers the production costs and improves capital productivity, will thus emerge as a lucrative distribution channel for automotive glass market firms in the years ahead.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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