OCT 30 2020: 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.
To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/automotive-aftermarket-glass-market/request-sample
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.
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
To Browse Full Research Report @:
https://www.radiantinsights.com/research/automotive-aftermarket-glass-market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Research Methodology
1.3. Research Assumption
1.4. Information Procurement
1.4.1. Purchased Database
1.4.2. GVR’s Internal Database
1.4.3. Secondary Sources & Third-Party Perspectives
1.4.4. Primary Research
1.5. Information Analysis
1.5.1. Data Analysis Models
1.6. Market Formulation & Data Visualization
1.7. Data Validation & Publishing
1.8. List of Data Sources
Chapter 2. Executive Summary
2.1. Segmental Outlook
2.2. Competitive Insights
Chapter 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
Continued…………
To See More Reports of This Category by Radiant Insights:
https://latestmarkettrends.news.blog/
About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 201 Spear St #1100, Suite #3036
City: San Francisco
State: California
Country: United States
https://marketsandtrendsreport.blogspot.com/
Comments
Post a Comment