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The Global Automotive Aftermarket Glass Market size is expected to reach $4.4 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.
Global Automotive Aftermarket Glass Market Size
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 North American and European markets are the leading regions and are coining on the technology in the automotive glass sector, like smart glass. Smart glass products feature value-added functions like improving driving comfort, efficiency, and safety through head-up displays (HUDs). These factors are also driving the market. Some of the key players in the market include Fuyao, Asahi Glass, Saint-Gobain, Benson Auto Glass, and others.
Automotive Aftermarket Glass Market Share
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. Installing sunroof is not only limited to the luxury car segment but has also been introduced to other segments by car manufacturers like Toyota and Honda. Additionally, innovations in vehicle designs have increased the size of the windshield and side windows, thereby leading to the overall industry development.
Based on Type, the market is segmented into Tempered, Laminated and Others. Based on Application, the market is segmented into Windscreen, Sidelite, Backlite and Others. Based on Vehicle Type, the market is segmented into Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
Free Valuable Insights: Global Automotive Aftermarket Glass Market to reach a market size of $4.4 billion by 2025
Automotive Aftermarket Glass Market Cardinal Matrix
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. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Corning, Inc., Saint-Gobain Group, Magna International, Inc., Gentex Corporation, and Fuyao Glass Industry Group Co., Ltd., Guardian Industries Corporation (Koch Industries), Nippon Sheet Glass Co., Ltd., Xinyi Glass Holdings Limited, AGC, Inc., and Webasto Group.
» Partnerships, Collaborations, and Agreements:
» Acquisition and Mergers:
» Product Launches and Product Expansions:
By Vehicle Type
According to a new report published by KBV Research, The global automotive aftermarket glass market size is expected to reach $4.4 billion by 2025.
The major factors that are anticipated to drive the automotive aftermarket glass industry include increasing cases of road traffic accidents across the world, passenger cars to dominate automotive glass market demand, high vehicle production.
Some of the key industry players are Corning, Inc., Saint-Gobain Group, Magna International, Inc., Gentex Corporation, and Fuyao Glass Industry Group Co., Ltd., Guardian Industries Corporation (Koch Industries), Nippon Sheet Glass Co., Ltd., Xinyi Glass Holdings Limited, AGC, Inc., and Webasto Group.
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