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Automobile glass is produced by aftermarket glass manufacturers who are not affiliated with the automobile manufacturers as original equipment manufacturers (OEM). They duplicate the original product without consulting the vehicle’s original manufacturers. These products will have the same fit and shape, but the final product may differ in terms of durability, thickness, UV protection, or tint color. Compared to an OEM product, aftermarket glass for automobiles is usually the least expensive option
Global Automotive Aftermarket Glass Market was valued at USD 7.83 billion in 2021 and is expected to reach USD 13.11 billion by 2029, registering a CAGR of 6.66% in 2022 2029. The “tempered glass” accounts for the largest type segment in the automotive aftermarket glass market owing to its high rigid strength, which protects the vehicle occupant during an accident. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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The automotive industry has experienced phenomenal growth in recent years, resulting in a rapid increase in the number of vehicles on the road, providing aftermarket players with a larger target market. According to the National Highway Traffic Safety Administration, six million car accidents occur in the United States (U.S.). The most common vehicle parts that require replacement after an accident are the sidelite and windshield. As a result, the market is anticipated to have an accelerated growth over the forecast period due to an increase in the number of vehicles on the road and the number of accidents.
Automotive Aftermarket Glass market document recognizes and analyses the emerging trends along with major driving factors, challenges and opportunities in the market for this industry. This market analysis report covers detailed market analysis with inputs from industry experts. Transparency in research method and use of excellent tools and techniques makes this market research report an outstanding. A thorough market report truly acts as a backbone for the success of any business. A winning Automotive Aftermarket Glass market report focuses on important aspects of the market that include but are not limited to historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the industry.
Competitive Landscape and Automotive Aftermarket Glass Market Share Analysis
The automotive aftermarket glass market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive aftermarket glass market.
Some of the major players operating in the automotive aftermarket glass market are
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COVID-19 Impact on Automotive Aftermarket Glass Market
The recent outbreak of coronavirus had a negative impact on the automotive aftermarket glass market. Following the announcement of lockdowns, social distancing, and work from home and the remote working trends, this market has suffered from decreased demand, severe disruptions in various manufacturing, supply-chain operations, and factory closures. The temporary closure of automotive businesses worldwide has harmed the prospects of automotive glass producers, lowering market expectations. Furthermore, consumer demand has decreased as people are now more focused on removing non-essential expenses from their budgets since the general economic situation of most people has been badly impacted by the outbreak.
On the plus side, demand from the rapidly growing but still nascent electric vehicle sector is likely to help the economy recover quickly even during the forecasted period. Moreover, the suspended and cancelled operations will continue owing to the loosening up of restrictions by the individual regulatory bodies and as a result the market is estimated to expand. Over the forecast period, this is likely to boost market revenue.
Global Automotive Aftermarket Glass Market Scope
The automotive aftermarket glass market is segmented on the basis of type, application, vehicle type and material. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Automotive Aftermarket Glass Market Regional Analysis/Insights
The automotive aftermarket glass market is analyzed and market size insights and trends are provided by country, type, application, vehicle type and material as referenced above.
The countries covered in the automotive aftermarket glass market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the automotive aftermarket glass market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the presence of established glass manufacturing players and the increasing research and development capacities.
On the other hand, North America is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increasing production and sale of commercial cars coupled with the rise in the demand for automotive OEMS in the region.
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