Europe automotive glass market 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.
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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With ever increasing demand for automobiles worldwide, the automotive glass market is expected to be a perpetual industry underlined with numerous innovations and regulations supporting its development. The rising disposable income especially in the developing economies will push the automobile production and create a favorable environment for the consumption of automotive glass. Designed and produced with safety in mind, glass is used in windshields, sidelites & backlites, parking lights, headlights and other sections of a vehicle. A USD 12 billion market in 2017, higher awareness regarding passenger safety and constant technological improvements in vehicle manufacturing will further propel the automotive glass market.
The evolution of automotive designs with changing lifestyle preferences and industry outlooks has led to the augmented use of glass in vehicles. The utilization of vehicles in several capacities & terrains lead them to face potholes, rocks and common fender-benders apart from accidents. In this regard, the laminated glass market has gained substantial traction. In fact, the laminated glass industry held a revenue of USD 7 billion in 2017. The product is further anticipated to record significant growth rate, driven by its durability and ease of installation.
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 automotive glass market share in Europe.
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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 Table of Content: –
Chapter 2. Executive Summary
2.1. Automotive glass market 3600 synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. Vehicle trends
2.1.5. End-use trends
2.1.6. Regional trends
Chapter 3. Automotive Glass Market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material supplier
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
18.104.22.168. Product portfolio
3.4. Technology landscape
3.4.1. Float glass technology
3.4.2. Computerized process control
3.4.3. Vertically fired furnaces
3.4.4. Acoustic windshield for cars
3.4.5. Water repellent glass for side windows
3.5. Automotive production, by region, 2013 – 2017
3.5.1. North America
3.6. Pricing analysis
3.6.1. Regional pricing
22.214.171.124. North America
3.6.2. Cost structure analysis
3.7. Regulatory landscape
3.7.1. North America
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