Global Automotive Aftermarket Glass Industry Forecast 2025Posted by vidhyanigam98 on March 4th, 2020 Bharat Book Bureau Provides the Trending Market Research Report on “Global Automotive Aftermarket Glass Market (2019-2025)”under Automotive Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
The Global Automotive Aftermarket Glass Market size is expected to reach .4 billion by 2025, rising at a market growth of 4.5% CAGR during the forecast period. Automotive glass protects the passengers as well as the structure of a vehicle by keeping them safe from external obstacles. It is engineered with emerging innovative features such as protection from external temperature changes, better visibility, and external noise.
Research activities that involve vehicle aerodynamics are meant to improve the operating speed and these have led to several advanced designs. It helps to further enhance the product demand. Constant innovations in automotive glass features have enhanced the overall value and operational optimization.
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Technological innovations in the automotive industry help attain maximum fuel effectiveness and passenger safety. This has compelled the manufacturers to get involved in thorough R&D, which is projected to fuel the automotive aftermarket glass growth. Lightweight properties and improved security are prominent factors that are increasing product penetration in the industry.
The rapid adoption of sunroof glass, specifically in high-end vehicles, is expected to cause a positive impact on the growth of the automotive glass market. Presently, consumers have shown their preference toward a sunroof in the car, which has increased the adoption rate of glass.
The major strategies followed by the market participants are Expansions and Partnerships, Collaborations, and Agreements. Based on the Analysis presented in the Cardinal matrix, Magna International, Inc., Corning, Inc., Fuyao Glass Industry Group Co., Ltd., Saint-Gobain Group, and AGC, Inc. are some of the forerunners in the Automotive Aftermarket Glass Market.
Expansions:
Dec-2019: Guardian Glass expanded its geographical footprints to the Asia Pacific by opening a new facility in Bangkok. The new facility allows the company to serve its regional customers more efficiently and effectively. It also offers the customers with more integrated experience by providing a single customer service team rather than communicating directly with individual Guardian Glass plants.
Jan-2019: Saint-Gobain opened a new flat glass production facility in Sriperumbudur, near Chennai, India. This facility was marked as its fifth plant in India. The facility manufactures clear, tinted and solar-control reflective glass and serves the domestic demand.
Jul-2018: Corning made an investment in its existing production facility in China for its automotive glass solutions business. The facility is located at Hefei Xinzhan Hi-Tech Industrial Development Zone in the Anhui Province of China and it started producing the gorilla glass for automotive interiors.
May-2018: Nippon Glass Sheet invested in its production capacity of online TCO (transparent conductive oxide) coated glass for supporting the solar market. The expansion was aimed at accelerating the shift in the portfolio of the company.
Scope of the Study
By Type
By Application
By Vehicle Type
By Geography
• Europe
Rest of Europe
• LAMEA
Companies Profiled
Unique Offerings from Report Research
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