Trends in the global automotive glass industry
With the continuous recovery of the global economy since the 2008 global financial crisis, the global demand for automotive glass increased from 294 million square meters in 2009 to 415 million square meters in 2013, with a compound annual growth rate of 9.0%. It is estimated that from 2013 to 2018, global automotive glass demand will grow at a compound annual growth rate of 4.9%. In 2018, the global demand for automotive glass will reach 528 million square meters.
The historical and forecast data of global automotive glass demand during the period indicated are shown in the figure below.
From 2009 to 2013, the global automotive glass market for new cars grew at a compound annual growth rate of 10.1%. In 2013, the total global automotive glass market for new cars was 331 million square meters, accounting for 79.8% of the global automotive glass market, and the growth rate was higher than the global automotive market in the same period. The main reason for the growth of the global automotive glass market for new cars is the increasing market demand for large windshields and the increasing popularity of automotive sunroofs. It is estimated that from 2013 to 2018, the global automotive glass market for new cars will grow at a compound annual growth rate of 5.0%. In 2018, the total global automotive glass market for new cars will reach 423 million square meters. From 2009 to 2013, the global after-sales parts auto glass market grew at a compound annual growth rate of 5.0%. In 2013, the global after-sales parts auto glass market totaled 84 million square meters. It is estimated that from 2013 to 2018, the global after-sales accessories auto glass market will grow at a compound annual growth rate of 4.6%. In 2018, the total global after-sales auto glass market will reach 105 million square meters.
Global automotive glass sales increased from 10.7 billion US dollars in 2009 to 14.2 billion US dollars in 2013, with a compound annual growth rate of 7.6%. The market price of automotive glass depends on a number of factors, including raw material costs and market supply and demand. The average price of automotive glass dropped from US$36.30/m2 in 2009 to US$34.10/m2 in 2010, mainly due to the 2008 global financial crisis. Since 2010, the average price of auto glass has stabilized at US$34 per square meter, mainly due to the gradual recovery of the global auto market and the closure of some loss-making auto glass production lines.
The global automotive glass market is highly concentrated, and the sales of the top four manufacturers in 2013 accounted for approximately 77% of the total global automotive glass sales. The market share of the world's leading automotive glass manufacturers is shown in the chart below.
Trends in the global automotive glass industry
The penetration rate of car sunroofs has increased. Driven by consumer demand for driving experience, the demand for automotive sunroofs is expected to continue to increase.
The use of automotive glass increased. The use of automotive glass per vehicle has grown at a compound annual growth rate of 1.4% in the past ten years and is expected to continue to grow in the future, mainly due to the increase in the inclination of the front windshield to expand the field of view and the increase in demand for automotive sunroofs.
Improvement of the characteristics and functions of automotive glass. Smart glass products (such as electrically-switchable smart glass), water-repellent glass and other value-added features and functions that save energy, improve driving comfort and safety Screen display windshield (HUD) will be widely used in the automotive industry.
Increased modular production of automotive glass. In order to reduce production costs, optimize the supply chain, and strengthen quality control, the world's leading automakers are increasingly demanding modular production of automobiles. It is expected that this will push auto glass manufacturers to further integrate value-added production processes such as pre-assembly and injection molding edging, and increase the added value of auto glass products.
Time of issue: : 2020-06-22
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