Automotive Glass Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
Albany, NY -- (SBWIRE) -- 02/18/2016 -- A new market research report by Transparency Market Research provides an in-depth analysis of the global automotive glass market focusing on the market's overview, challenges and opportunities, market drivers and restraints, product portfolio, geographical segmentation, and competitive landscape. The research report, titled "Automotive Glass Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023," offers valued inputs and recommendations from industry experts to guide the new as well as existing players in the global automotive glass market.
Automotive glass refers to different types of glass used in various automotive design elements such as side and rear windows, windscreens, and glass panel roofs. The global automotive glass market has been broadly classified into two key segments, namely original equipment manufacturer glass (OEM) and aftersales replacement glass (ARG). The demand from the ARG segment comprises 15% to 20% of the overall automotive glass demand. The introduction of smart glass across the globe has generated several opportunities for players in the global automotive glass market and is expected to gain traction throughout the forecast period. The major application segments of the automotive glass market include buses, trucks, LCVs, and passenger cars. The market estimates and shares of the application segments have been further discussed in the research report.
By geography, the global market for automotive glass has been classified into North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Among these regions, presently, Europe leads the overall market, holding more than one-third of the global automotive glass market. Europe is followed by North America and Asia Pacific. The North America automotive glass market is anticipated to grow rapidly, exhibiting a 5.60% CAGR between 2015 and 2023. In this region, there is a huge demand for light commercial vehicles, the production of which has grown rapidly and is expected to register a 9.70% CAGR from 2015 to 2023. The high growth rate of the demand for light commercial vehicles is boosting the demand from the automotive glass market throughout the forecast period. South Korea, Japan, China, North America, and the European Union collectively hold a share of 93% in the overall automotive glass market. Moreover, the China market accounts for a share of 10% in the global market.
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Further, the research report provides in-depth analysis of the competitive landscape of the global automotive glass market, including the company profile, financial overview, mergers and acquisitions, business strategies, and recent developments of the major players operating in the market. Some of the prominent players mentioned in the research report are Gentex Corporation, Nippon Sheet Glass Co., Ltd., Fuyao Group Automobile Glass Co., Xinyi Glass, Magna International, Saint-Gobain, and Asahi Glass Company.
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