Press release
Global Automotive Glass Market: Segmentation, Industry trends and Developments (Dura Automotive Systems LLC, LKQ Corporation, Vitro, Gentex Corporation, Magna International, Webasto, Corning Incorporated, PPG Industries, Saint-Gobain Sekurit) 2018-2024
Automotive Glass Market
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Aftermarket segment will pose approximately 5% growth rate over the study time span. Rising road accident rates and customer preference for low cost products will improve the segment growth. Regulations associated with patent and copyright infringement may negatively impact the industry growth over the study period.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Saint-Gobain Sekurit
2. Asahi Glass Co.
3. Central Glass America, Inc.
4. Shenzhen Benson Automobile Glass Co., Ltd.
5. Nippon Sheet Glass Co., Ltd.
6. PPG Industries, Inc.
7. Xinyi Glass Holdings Ltd.
8. Duratuf Glass Industries (P) Ltd.
9. Corning, Inc.
10. Guardian Glass
11. Webasto
12. Magna International Inc.
13. Fuyao Group
14. Fuso Glass India Pvt. Ltd.
15. Pittsburgh Glass Works
16. Gentex Corporation
17. Shatterprufe Windscreens
18. Vitro, S.A.B. de C.V.
19. LKQ Corporation
20. Dura Automotive System LLC
21. Soliver
22. Windscreens Glas Trosch Holding AG
23. Independent Glass Co., Ltd.
24. Paragon Tempered Glass
25. China Glass Holding Ltd.
26. Euroglas GmbH
27. NSG
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Automotive glass market by product
• Laminated
• Tempered
Automotive glass market by application
• Sidelite
• Backlite
• Windscreen
Automotive glass market by end-use
• Aftermarket replacement glass (ARG)
• Original equipment manufacturer (OEM)
Automotive glass market by vehicle type
• Light commercial vehicle
• Heavy commercial vehicle
• Passenger cars
Backlite will observe gains around 5% in the coming years. Safe shattering, high impact resistance and superior defrosting properties are the driving factors for industry growth. Sidelite will witness strong growth owing to increasing technological advancement including solar control glass. Original Equipment Manufacturers (OEM) accounted for more than 80% of the overall industry share in 2017. Rising safety norms along with expansion in automotive industry are the factors surging industry growth.
OEMs automotive glass segment accounted for more than 80% of the volume share in 2017. Rising safety norms in conjunction with expansion of automobile industry are surging overall industry growth over the forecast time span. Moreover, high quality products and accurate model make are preferred by the customers.
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.
Europe automotive glass industry is predicted to hold approximately 19% of the volume share by 2024. Stringent regulations associated with passenger safety and customers preferring superior quality product capable of handling extreme weather conditions will influence the product demand in region. Increasing production of supercars and luxury cars is supporting product innovation across various countries of the region.
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China automotive glass industry from OEM is anticipated to observe more than 7% CAGR till 2024. Large presence of auto production facilities together with rapid industrialization owing to availability of land and resources at low cost is propelling the product penetration rate. The automotive industry plays a vital role in county’s economy, that has motivated its government to take certain initiatives for further development. It includes Rural Subsidy Program for Vehicle Purchases, Old for New Trade in Auto Program, and New Energy Vehicle Subsidy Policy contributing in vehicle sales across the country.
Global automotive glass market share is consolidated in nature with the presence of key players including Saint Gobain Sekurit, AGC, Nippon, Xinyi, Guardian and Fuyao accounting for major industry share in 2017. Other notable players include Magna International, Inc., Shenzhen Benson, PGW, Gentex Corporation and Webasto.
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