Automotive Glass Market for Tempered segment to seize 45% volume size by 2024 By Companies Profile Saint-Gobain Sekurit, Corning Incorporated, Webasto Group, Magna International, Fuyao Group, Gentex Corporation, Dura Automotive Systems
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According to a new research report by Global Market Insights, Inc., the Automotive Glass Market size is estimated to surpass USD 21 billion by 2024.
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.
Automotive glass market from light commercial vehicles will observe growth around 5% by 2024. Rapid urbanization, high transport rates and rising demand for mini-trucks and vans are the considerable factors of the product development. Increasing accident rates due to heavy traffic in urban areas has positively influenced the product demand.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Saint-Gobain Sekurit
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
11. Magna International Inc.
12. Fuyao Group
13. Pittsburgh Glass Works
14. Gentex Corporation
15. Shatterprufe Windscreens
16. Vitro, S.A.B. de C.V.
17. LKQ Corporation
18. Dura Automotive System LLC
19. Paragon Tempered Glass
20. China Glass Holding Ltd.
21. Euroglas GmbH
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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.
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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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.
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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