DUBLIN--(BUSINESS WIRE)--The "Automotive Aftermarket Glass Market Size, Share & Trends Analysis Report By Product (Laminated, Tempered), By Application (Sidelite, Backlite, Windscreen), By Vehicle Type, By Region, And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global automotive aftermarket glass market size is anticipated to reach USD 3.91 billion by 2025, according to this report. 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.
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.
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.
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
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
2.1. Segmental Outlook
2.2. Competitive Insights
3. Automotive Aftermarket Glass Market Variables, Trends & Scope
3.1. Market Outlook
3.2. Penetration and Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
3.3.2. Manufacturing and Technology Trends
3.3.3. Distribution Channel Analysis
3.3.4. Vendor Selection Criteria
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.6. Case Study
3.7. Business Environment Analysis: Automotive Aftermarket Glass Market
3.7.1. Industry Analysis - Porter's
3.7.2. PESTEL Analysis
4. Automotive Aftermarket Glass Market: Product Estimates & Trend Analysis
4.1. Product Movement Analysis & Market Share, 2018 & 2025
5. Automotive Aftermarket Glass Market: Application Estimates & Trend Analysis
5.1. Application Movement Analysis & Market Share, 2018 & 2025
5.5. Other applications
6. Automotive Aftermarket Glass Market: Vehicle Type Estimates & Trend Analysis
6.1. Application Movement Analysis & Market Share, 2018 & 2025
6.2. Passenger Cars
6.3. Light Commercial Vehicles
6.4. Heavy Commercial Vehicles
7. Automotive Aftermarket Glass Market: Regional Estimates & Trend Analysis
7.1. Regional Market Snapshot
7.2. North America
7.4. Asia Pacific
7.5. Central & South America
7.6. Middle East & Africa
8. Competitive Analysis
8.1. Key Global Players & Recent Developments & Their Impact On The Industry
8.1.1. Key Competition/Company Categorization (Key Innovators, Market Leaders, And Emerging Players)
8.2. Vendor Landscape
8.2.1. List of Raw Material Producers & Distributors
8.2.2. List of Potential Customers
8.3. Company Market Position Analysis
8.3.1. SWOT Analysis (Of Three Key Players)
9. Company Profiles
9.1. AGC Inc.
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Central Glass Co. Ltd.
9.3. Corning Incorporated
9.4. Fuyao Glass Industry Group Co., Ltd
9.5. Guardian Industries
9.6. Nippon Sheet Glass Co. Ltd.
9.8. Taiwan Glass Ind Corp
9.10. Xinyi Glass Holdings Co., Ltd.
9.11. iecam Group
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