Press release
What’s driving the automotive glass market trends? | Leading Key Players are Magna International, Webasto Group, Corning Incorporated, Saint-Gobain Sekurit, Dura Automotive System
Automotive Glass Market
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.
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Light commercial vehicles segment in the automotive glass market size 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.
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
China automotive glass market 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.
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.
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Major players operating in the automotive glass market are 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.
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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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