Middle East & Africa Automotive Aftermarket Glass Market - Segmented By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Glass Type (Laminated Glass, Tempered Glass), and By Application (Windshield, Sidelite, Backlite, Others) - Growth, Trends and Forecast (2018 - 2023)
Middle East & Africa Automotive Aftermarket Glass Market
The Middle East & Africa automotive aftermarket glass market was valued at USD 670.65 million in 2017, and is expected to register a CAGR of 4.38%, during the forecast period 2018-2023.
The factors, such as growing used car sales, recovering automotive vehicles sales in the region, are expected to propel the growth of the market studied. However, high dependence on imports in countries, such as Saudi Arabia, may hinder the growth of the domestic market.
Demand for aftermarket replacement glass is dominated by passenger cars with 74% followed by commercial vehicles with 26% in 2017. The repair and replacement of automotive glass is more for windshields followed by Side lite and back lite category. Apart from conventional automotive glass replacement service, mobile service is becoming popular in the Middle East & African region. Companies, like Veltrio and PG Group have come up with this service to increase its market presence, thereby retaining customer’s unique selling proportion.
Apart from cars, growing commercial vehicle sales and average age in the Middle East & African regions are further driving the market for automotive aftermarket glass market. In commercial vehicles, the market size for laminated glass replacement through aftermarket channel captures more than 95% of that captured by side lite glasses. Regulations have been imposed by federal motor vehicle standards for production of automotive replacement glass. National Windscreen Replacement Association, Federal Motor Vehicle safety Standards, Repair of Laminated Auto Glass Standards etc., (ROLAGS) are some of the safety authorities that provide guidelines for replacement and repair of auto glass in aftermarket.
Increasing Demand for Used Car Sales
The region has been witnessing rising demand for used cars, owing to factors, such as lower vehicle price inflation, people leaving the country, financials issues being faced by consumers, and disposing of pre-owned vehicles. In the United Arab Emirates, in 2018, ~15% of consumers sold their cars for financial reasons, a number that increased by 63% from 2016. The number of people planning to purchase another car after selling the one they own, dropped by 18%. In South Africa, better economic conditions, political stability, lower interest rates, and reducing petrol prices are expected to increase the demand for used cars in the country.
The rise in demand for sales of used cars is expected to boost the demand for aftermarket glass market in the automotive industry. Owing to extreme heat and high temperature, the demand for laminated glass may increase.
The Middle East automotive aftermarket glass market is consolidated with major players, like Nippon Sheet Glass, Guardian Glass, Asahi Glass Corporation, Saint-Gobain, Fuyao, PG Group, and others.
Other players include Independent Aftermarket Players, like Auto Glass Middle East LLC, National Auto Glass, BSG, Veltiro, etc.
August 2018: Saint-Gobain has acquired the German company HKO. The acquisition allows Saint-Gobain to expand its range of high value-added solutions, by entering into the very high temperature thermal insulation area and becoming a leader of the European market
December 2017: AGC and maker of maker of Halio smart-tinting glass, announced the creation of three joint venture companies that will sell, distribute, and service Halio to the global market.
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