Global Automotive Aftermarket Glass Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Automotive Aftermarket Glass Market” is an upcoming report by MarketResearch.biz. The global automotive aftermarket glass market segmentation allows for deeper understanding and thought, to decisively assess, analyze, and study. Besides revenues for segments, global, regional, and country-wise, market revenue segmentation will be compiled in a fastidious manner for clear flow and understanding. The analysis will be conducted using expert opinions and inputs, as well as comprehensive primary and secondary research efforts to determine various aspects of the automotive aftermarket glass market. The global automotive aftermarket glass market report will be segmented on the basis of product, application, vehicle type, and region.
Aftermarket glass for automobiles is manufactured by glass manufacturers that don’t have an original equipment manufacturer (OEM) relationship with the automobile makers. They create copies of the original product without consulting the original manufacturers of the vehicle. The fit and shape of these products will be the same, however, the final product may vary in terms of durability, thickness, UV protection or tint color. Aftermarket glass for automobiles usually tends to be the least expensive option available when compared to an OEM product.
High vehicle production coupled with the rising number of road accidents on a global level is expected to surge consumption levels in the automotive aftermarket glass market over the coming years. Factors such as rising fuel costs, depreciation, and the availability of car rental services that are affordable have led to the expansion of services like vehicle leasing. This, in turn, will aid in boosting the global automotive aftermarket glass market.
In recent years the automotive industry has grown phenomenally, resulting in an expeditious increase in the number of vehicles on the road. This has resulted in the opening-up of a wider consumer base to automotive aftermarket glass manufacturers. Increased awareness among consumers regarding product prices owing to rapid digitization and the sheer number of vehicle models have made the entire sales process more cumbersome for vendors and manufacturers alike.
The automotive aftermarket glass market is segmented into laminated, tempered, and other types of glass. The tempered glass segment accounted for a majority of the revenue share in 2018, owing to its low-cost, and exceptional characteristics like robustness and strength when compared to laminated glass. That being said, the laminated glass segment is projected to index the fastest levels of growth during the forecast period. Increasing consumer awareness regarding safety concerns is projected to surge the demand for laminated glass in the restoration market.
On the basis of vehicle type, the market is categorized as – passenger vehicles, light commercial vehicles (LCV) and heavy commercial vehicles (HCV). The passenger vehicle segment accounted for the majority revenue share in 2018 as they constitute over 70% of the global vehicle production.
In terms of application, the market is segmented into – sidelite, windshield, backlite, and others. Backlite and windshields accounted for the majority revenue share in 2018. These products are generally manufactured using tempered glass. The implementation of technological developments along with an increasing number of road accidents and car component thefts is expected to boost the global automotive aftermarket glass market. Another factor that is projected to augment the demand for quality glass products that are affordable is the requirement for accessories like sunroofs.
The Asia Pacific market emerged as the most prominent market due to an increase e in the number of road accidents, general capacity expansion, and increasing investments in rental car companies. In this region, China leads the market in the automotive aftermarket glass market with over 340 million motor fleet units in operation as of 2018.
Global Market Segmentation:
Global market segmentation, by Product:
Global market segmentation, by Application:
Global market segmentation, by Vehicle type:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Global market segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Panasonic Corporation
- AGC, Inc.
- Fuyao Glass Industry Group Co. Ltd.
- Nippon Sheet Glass Co. Ltd.
- Xinyi Glass Holdings Co. Ltd.
- Taiwan Glass Ind. Corp.
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