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Automotive Glass Market | Industry Forecast & Key Companies - Dura Automotive System, LKQ Corporation, Vitro, Gentex Corporation, Fuyao Group, Magna International, Webasto Group, Corning Incorporated, Saint-Gobain Sekurit
Automotive Glass Market
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Laminated automotive glass market is estimated to generate revenue over USD 11 billion by 2024. Prevention from penetration, easy reparability, sound proofing and clear visibility are the substantial properties encouraging the product consumption. Tempered product is set to witness over 6% growth up to 2024. High strength and toughness due to controlled chemical and thermal treatment are key factor driving product demand.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Asahi Glass Co.
2. Central Glass America, Inc.
3. Shenzhen Benson Automobile Glass Co., Ltd.
4. Nippon Sheet Glass Co., Ltd.
5. PPG Industries, Inc.
6. Xinyi Glass Holdings Ltd.
7. Duratuf Glass Industries (P) Ltd.
8. Corning, Inc.
9. Guardian Glass
10. Webasto
11. Magna International Inc.
12. Fuyao Group
13. Fuso Glass India Pvt. Ltd.
14. Pittsburgh Glass Works
15. Gentex Corporation
16. Shatterprufe Windscreens
17. Vitro, S.A.B. de C.V.
18. LKQ Corporation
19. Dura Automotive System LLC
20. Soliver
21. Windscreens Glas Trosch Holding AG
22. Paragon Tempered Glass
23. China Glass Holding Ltd.
24. Euroglas GmbH
25. NSG
26. Saint-Gobain Sekurit
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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.
ARG market will witness around 5% growth from 2018 to 2024. Increasing road accident rates along with vehicle damage due to critical weather conditions will propel the ARG market growth. Aftermarket products may differ in certain specifications, owing to the patent and copyright infringement laws.
Passenger vehicles automotive glass market will generate over USD 14 billion by 2024. Upsurge in demand for passenger cars particularly in the emerging countries owing to increased disposable income has stimulated industry growth. Attain fuel efficiency and reduce carbon emissions will trigger the product demand in this segment.
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.
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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.
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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