The Automotive Glass Replacement Global Market Report 2023 by The Business Research Company, provides automotive glass replacement market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032
According to The Business Research Company’s Automotive Glass Replacement Global Market Report 2023, the market size is expected to grow from .79 billion in 2022 to .19 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive glass replacement market size is expected to reach .33 billion in 2027 at a CAGR of 9.4%.
The increased automotive production is expected to propel the growth of the automotive glass replacement market going forward. Automotive production refers to the process of mass manufacturing identical models and offering them for sale to the public. If there is an increase in the production of vehicles, there will be an increase in automotive glass production and replacement as well, due to wear and tear, safety regulations, and others.
The automotive glass replacement market is segmented:
1) By Product: Tempered, Laminated 2) By Vehicle Type: Passenger Car, Heavy Commercial 3) By Application: Windscreen, Backlite, Sidelite, Sunroof, Other Applications 4) By End Use: Original Equipment Manufacturer (OEM), Aftermarket Replacement (ARG)
Technological advancements are a key trend gaining popularity in the automotive glass replacement market. Major companies operating in automotive glass replacement are focused on developing innovative solutions to strengthen their position in the market. For instance, in July 2021, Jeep Performance Parts (Mopar), a Netherlands-based automotive manufacturer, introduced a new, industry-leading Gorilla Glass replacement Windshield for the latest Jeep Wrangler and Gladiator models. This windscreen is made with Corning Gorilla Glass, which uses the same chemical-strengthening technology as cell phone screens. This is an ultra-thin piece of gorilla glass with a fifty-two percent thicker outer ply, making this windscreen lightweight and durable. Additionally, it offers superior resistance to chips, cracks, and fractures from stones
Top 5 Major Key Players Are: AGC Inc Corning Incorporated Fuyao Glass Industry Group Co. Ltd Nippon Sheet Glass Co. Ltd Saint-Gobain S.A
Table Of Contents 1. Executive Summary 2. Alternative Fuel Vehicles Market Characteristics 3. Alternative Fuel Vehicles Market Trends And Strategies 4. Alternative Fuel Vehicles Market – Macro Economic Scenario 5. Alternative Fuel Vehicles Market Size And Growth ....... 26. Africa Alternative Fuel Vehicles Market 27. Alternative Fuel Vehicles Market Competitive Landscape And Company Profiles 28. Key Mergers And Acquisitions In The Alternative Fuel Vehicles Market 29. Alternative Fuel Vehicles Market Future Outlook and Potential Analysis 30. Appendix
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