Press release
Automotive Glass Market Detail Analysis focusing on Key Players Guardian, Magna International, AGC, Saint Gobain Sekurit, Fuyao, NSG, Nippon, Gentex Corporation, PGW, Shenzhen Benson, Webasto
Automotive Glass Market, Global Automotive Glass Market Size, Automotive Glass Industry, Automotive Glass Market Trends
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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The global automotive glass market is predicted to depict rapid growth in the forthcoming years, attributed to the accelerating demand for automobiles in the developing nations, which is chiefly driven by rising disposable incomes. Furthermore, burgeoning passenger safety concerns would also facilitate product penetration across the globe. In a recent turn of events, Automotive Glass Europe®, an automotive glass repair and replacement company, has declared a seamless service spanning 20 European nations for windscreen-fitted camera recalibrations utilized in ADAS or Advanced Driver Assistance Systems. This ADAS camera recalibration is needed after windscreen replacement to make sure that the vehicle safety systems are working as intended, thereby eluding probable on-board safety concerns. In the coming years, the development in automotive safety technology would thus add a positive momentum to global automotive glass market growth.
Laminated automotive glass market will be worth over USD 11 billion over the projected time frame. Ease of repairing, prevention from penetration, clear visibility, and acoustic advantages are essential characteristics offered by this product. Tempered segment will exhibit over 6% CAGR during the study period. High robustness and strength owing to thermal and chemical treatment are boosting the product demand.
Backlite segment will experience gains of above 5% between 2018 and 2024. High impact resistance, superior defrosting, and safe shattering properties are accountable for this growth rate. Sidelite segment size is set to observe sturdy growth rate due to rising technological advancements such as solar control, head-up display, water repellant, gorilla, etc. In addition, rising disposable income leads to increase in passenger car sales thereby supporting its penetration across the globe.
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.
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Passenger cars segment is estimated to generate more than USD 14 billion by 2024. Rising disposable income is creating demand for passenger cars especially in developing nations. Enhancing fuel efficiency and minimizing carbon footprint is stimulating the product demand in the segment.
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.
Global automotive glass market participants are AGC, Nippon, Guardian, Saint Gobain Sekurit, Xinyi, and Fuyao accounting for major industry share in 2017. Other notable players of the industry include Magna International, Inc., Gentex Corporation, PGW, Shenzhen Benson, and Webasto. Major players adopt merger and acquisition strategy such as in October 2016, Saint-Gobain acquired France Pare-Brise, comprising huge franchise network in automotive glass repair and replacement market in France. On similar lines, in April 2015, AGC acquired NordGlass, which is an ARG manufacturer located in Poland to strengthen its market share in Europe.
Table of Content:
Chapter 1. Automotive Glass Market Methodology and Scope
Chapter 2. Automotive Glass Market Executive Summary
Chapter 3. Automotive Glass Industry Insights
Chapter 4. Automotive Glass Market, By Product
Chapter 5. Automotive Glass Market, By Application
Chapter 6. Automotive Glass Market, By Vehicle
Chapter 7. Automotive Glass Market, By End-use
Chapter 8. Automotive Glass Market, By Region
Chapter 9. Automotive Glass Market Company Profiles
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Related Report:
United States Automotive Glass Market Report 2017
In this report, the United States Automotive Glass market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
https://www.marketstudyreport.com/reports/united-states-automotive-glass-market-report-2017?utm_source=RR-SP
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