Automotive Glass Industry 2018 Global Market Forecast By Size, Trends, Share, And Key Companies To 2023 - Nippon Sheet Glass Co. Ltd (Japan), Vitro, S.A.B. de C.V. (Mexico), Xinyi Glass Holdings Limited (Hong Kong)

Automotive Glass Market Prognosticated to Escalate With a Staggering CAGR; MRFR Unleashes Industry Insights Up To 2023. Global Automotive Glass Market, 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 - Forecast 2017-2023.

The key players in the global automotive ABS markets include:

The major players operating in the market of global automotive glass 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. Ltd (Tokyo), Saint Global S.A. (Paris), Olimpia Auto Glass Inc.(Turkey), Shatterprufe (South Africa) and others.

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The growth of automotive industry leads to the increased demand for automotive glass market. Rising production and sales of vehicles are likely to result in increased usage of the automotive glass. Factors such as the growing demand for luxury and value added features such as electronically switch abled smart glasses and other are some of the factors driving the automotive glass market. Additionally, benefits such as thermal comfort and noise reduction offered by these will enhance automotive glass market. Moreover, the rising need for weight reduction in cars, is expected to fuel the demand for ultra-thin & tough windshield glasses for sophisticated vehicle models.

Whereas, high cost associated with manufacturers, and lack of awareness about usability & benefits, hamper the growth of the market significantly. The market is expected to reach market size of 28,135.7 million by the end of forecast period with CAGR 7.73% between 2017 and 2023.

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 certificate 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 factors, the market has faced various challenges that could obstruct the market growth.

Table of Content:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Bargaining Power Of Suppliers

3.1.4 Threat Of Substitutes

3.1.5 Segment Rivalry

3.2 Value Chain/Supply Chain Analysis

Continued…

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