The
global automotive aftermarket glass market size is
anticipated to reach USD 3.91 billion by 2025, according to a new report by
Grand View Research, Inc. It is projected to exhibit a CAGR of 3.8% over the
forecast period. Rising demand for sidelites in the vehicles on account of
increasing number of accidents is projected to fuel the growth.
Tempered
and laminated are the majorly used glass types in the automotive aftermarket.
Tempered glass is used on account of its strength and low-cost and is largely
utilized in sidelite and backlites. Sidelite held the largest market share in
terms of volume, in 2018. The rising cases of road accidents are projected to
drive the demand for automotive aftermarket glass in near future. Asia Pacific
is anticipated to lead market growth on account of increasing number of
vehicles and high frequency of road accidents, leading to increased demand for
glass replacement. In July 2019, as per a survey conducted by the Thailand
Health Promotion Foundation, in 2018; 20,169 deaths in the country were caused
by road accidents. Out of all deaths, motorcycles accounted for 70% of the
fatal crashes, cars for 14%, and remaining pedestrians.
The
top global automotive aftermarket glass market players, such as AGC, Inc.;
Nippon Sheet Glass Co., Ltd; Fuyao Glass Industry Group Co., Ltd.; and
Saint-Gobain are characterized by integration across the value chain from
supplying raw materials to functioning as retailers or service providers.
Companies such as AGC, Inc. and Saint-Gobain are the key manufacturers and
suppliers of automotive glass globally.
Growing
utilization of glass in the automotive industry is compelling the Original
Equipment Manufacturers (OEMs) and aftermarket suppliers to increase their
production capacities to sustain their market share. For instance, in 2019,
Saint-Gobain opened three glass facilities across the globe, the third one
being in India, with an investment of ₹1,200 crores.
For Full Research Report On Automotive Aftermarket Glass Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/automotive-aftermarket-glass-market
Further key
findings from the report suggest:
- Tempered glass segment is
anticipated to register a CAGR of 3.2% in terms of volume over the
forecast period, owing to incorporation of the product in the sidelite and
backlite due to its high strength and characteristic of breaking into
small pieces rather than large pieces
- Sidelite emerged as the
largest application segment with a volume share of 34.2% in 2018
- Light Commercial Vehicles
(LCV) is anticipated to register the fastest CAGR of 4.1%, in terms of
volume, over the forecast period, due to its increasing production across
the globe, especially in Asia Pacific
- Asia Pacific was the largest
regional segment, accounting for a revenue share of 53.3% in 2018, on
account of increasing number of vehicles on roads with growing automotive
aftermarket glass market for car rental services
- In July 2019, Corning
Incorporated launched its new automotive glass solutions facility in
China. The facility will be able to deliver the AutoGrade gorilla glass
parts for automotive interiors directly to the automakers across the world
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https://www.grandviewresearch.com/industry-analysis/automotive-aftermarket-glass-market/request/rs1
Grand View Research has segmented
the global automotive aftermarket glass market on the basis of product,
application, vehicle type, and region:
Automotive
Aftermarket Glass Product Outlook (Volume, Thousand Square Meters; Revenue, USD
Million, 2014 - 2025)
- Tempered
- Laminated
- Others
Automotive
Aftermarket Glass Application Outlook (Volume, Thousand Square Meters; Revenue,
USD Million, 2014 - 2025)
- Windscreen
- Backlite
- Sidelite
- Others
Automotive
Aftermarket Glass Vehicle Type Outlook (Volume, Thousand Square Meters;
Revenue, USD Million, 2014 - 2025)
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Automotive
Aftermarket Glass Regional Outlook (Volume, Thousand Square Meters; Revenue,
USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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