Global Automotive Aftermarket Glass Market Size study, by Product (Tempered, Laminated and Others), by Application (Windscreen, Backlite, Sidelite and Others), by Vehicle Type (Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle), and Reg

Global Automotive Aftermarket Glass Market Size study, by Product (Tempered, Laminated and Others), by Application (Windscreen, Backlite, Sidelite and Others), by Vehicle Type (Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle), and Regional Forecasts 2021-2027

Global Automotive Aftermarket Glass Market is valued approximately at USD 3.25 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3.8% over the forecast period 2021-2027. Automotive aftermarket glass is produced by manufacturer other than vehicle company’s authorized manufacturer and it may differ in quality as compared to glass that come with brand new vehicle. Growing trend of purchasing electronic vehicles is fueling the demand in the market. Rising number of road accidents, growing sales of automobiles worldwide, and increasing investment by market players in terms of expansion, mergers, acquisition and others are boosting the demand in the market. For instance, according to National Highway Traffic Safety Administration (NHTSA), in United States 38,680 people died in 2020 in motor vehicle traffic crashes, which was 7.2% increased as compared to 2019, when 36,096 fatalities were recorded. Additionally, in 2019, Saint-Gobain opened three glass facilities across the globe, the third one being in India, with an investment of USD 160 million (INR 1200 crore). Furthermore, government initiatives for encouraging adoption of electronic vehicles and growing adoption of glass in vehicles such as sunroof are expected to boost the demand in coming years. For example, government of United Kingdom is providing maximum grant of USD 3534 (2500 pound) on purchase of electric vehicles, falls under cars, motorcycles, mopeds, small vans, large vans, taxis and trucks. However, inventory challenges due to growing models of cars may hamper the market growth during forecast period.

Among Asia Pacific, North America, Europe, Latin America, and Rest of the World, North America is the leading region across the world in terms of market share due to rising car registrations and growing number of road accidents in the region. Whereas Asia Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to rising investment in car rental services and growing number of manufacturing facilities in the region.
Major market player included in this report are:

AGC Inc.
Central Glass Co. Ltd.
Corning Incorporated
Fuyao Glass Industry Group Co., Ltd
Guardian Industries
Nippon Sheet Glass Co. Ltd.
Saint-Gobain
Taiwan Glass Ind Corp
Vitro
Xinyi Glass Holdings Co., Ltd

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Tempered
Laminated
Others
By Application:
Windscreen
Backlite
Sidelite
Others
By Vehicle Type:
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle


By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Automotive Aftermarket Glass Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

AGC Inc.
Central Glass Co. Ltd.
Corning Incorporated
Fuyao Glass Industry Group Co., Ltd
Guardian Industries
Nippon Sheet Glass Co. Ltd.
Saint-Gobain
Taiwan Glass Ind Corp
Vitro
Xinyi Glass Holdings Co., Ltd