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Automotive Glass Market Astonishing Growth | Top Key Player - Magna International, Inc., Gentex Corporation, PGW, Shenzhen Benson, AGC, Nippon, Guardian, Saint Gobain Sekurit, Xinyi

04-30-2019 06:41 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: marketstudyreport.com

Automotive Glass Market Astonishing Growth | Top Key Player -

Automotive Glass Market, Automotive Glass Market Size, Automotive Glass Market Forecast, Automotive Glass Industry, Automotive Glass Industry Size
MarketStudyReport.com Adds New Automotive Glass Market 2018- 2024 research report providing information and By Product, By End-Use, By Vehicle, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 266 Pages with table and figures in it.

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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Global automotive glass market is predicted to be valued more than USD 21 billion by 2024. Increasing vehicle sales across the globe together with increasing surface area of automobiles covered with glass is primarily driving the industry. Rising product consumption per vehicle owing to changes in car designs is enhancing the business. Inclination towards large windscreens is driving the automotive glass industry over the projected period.

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.

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.

Light commercial vehicles segment in the automotive glass market will perceive growth of approximately 5% over the study period. Rising transportation network, rapid urbanization, and rising demand for vans and minitrucks are considerably accelerating the segment growth. Increasing accident rates in urban areas and highways has influenced the aftermarket product sales.

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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 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. Methodology and Scope
Chapter 2. 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. Company Profiles

More Details on this Report At: https://bit.ly/2wZbETl

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https://www.marketstudyreport.com/reports/asia-pacific-automotive-glass-fiber-reinforced-polyurethane-market-report-2018/?utm_source=RR-PSR

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