The Europe Automotive Aftermarket Glass Market would witness market growth of 3.9% CAGR during the forecast period (2019-2025). Europe is anticipated to see substantial growth in the global automotive glass market due to the existence of well-established automotive players and the increased demand for passenger vehicles has boosted the automotive glass market in Europe.
Germany accounted for the largest market share in Europe, followed by the United Kingdom and France. The adoption of glass in the automotive industry is expected to raise due to the increased incidents of road traffic accidents across the globe. These incidents have also raised vehicle production. The new fleet owners have heightened the maintenance standards of vehicles which are boosting the popularity of car rental services; thereby, propelling the growth of the aftermarket. Such growing factors have prompted the glass suppliers to develop dedicated offerings for the fleet owners including tailored solutions.
The demand for vehicle up-gradation and adoption of replacement glass has increased due to weather and accidental scenarios, which will eventually raise the aftermarket segment. Product availability that has a similar shape but different thicknesses, durability as well as color combination, would ramp up the product penetration. Furthermore, the shifts in consumer preferences towards using cost-effective products with better quality will lead to higher gains. Smart glass is projected to be the future of the automotive industry. Most of the work was aimed at improving and making smart glass accessible to mainstream automobiles. This can be used to offer a head-up display in automobiles, like a helicopter's glass cockpit. This makes it much more comfortable for all controls to be accessible, and also improves the atmosphere of the vehicle. Manufacturers, including Mercedes and Volvo, are putting a lot of effort into making this a reality in automobiles.
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 countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Automotive Aftermarket Glass Market in Europe is expected to register a CAGR of 3.9% during the forecast period (2019-2025)
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.
Market Segmentation:
By Type
By Application
By Vehicle Type
By Country
Companies Profiled
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