Research and Markets has announced the addition of the “Research Report on Auto Glass Industry in China, 2011-2020” report to their offering.
The annual growth rate of China’s auto glass market demand is expected to remain above 10% in 2016-2020.
As an important component of the vehicle body, auto glass is mainly used in automobile manufacturing and repair. So the demand for auto glass is closely related to the production and reserve of automobiles. China has been the largest automobile manufacturer and seller of new automobiles for 7 years since 2009.
In 2015, the sales volume of new vehicles exceeded 25 million, and automobile reserves reached 172 million. Increasing production and reserve of automobiles bring huge growth potential for China’s auto glass market. Global auto glass market is highly monopolized. Leading enterprises of auto glass, such as Asahi Glass Co., Ltd. and Saint-Gobain, occupy most of the global market shares. In China, FUYAO GLASS Corporation accounts for half of the auto glass market share.
With the rapid development of China’s automobile industry in recent years, market demand in China’s auto glass industry increases at an average annual rate of above 10%. The demand for auto glass in China exceeded 150 million square meters in 2015.
Fuyao Glass is the largest manufacturer of auto glass in China, which accounts for more than 50% of China’s auto glass market share. Meanwhile, Fuyao Glass is expanding into overseas market.
By the end of 2015, the average automobile reserve is 125 vehicles per 1,000 people in China, which is far lower than that of 600-900 vehicles per 1,000 people in developed countries. With the sustainable development of Chinese economy, China’s automobile market has huge development potential.
The annual growth rate of China’s auto glass market demand is expected to remain above 10% in 2016-2020. Problems still exist in China’s auto glass industry. Most enterprises are small-scale with low-quality products except a few large-scale enterprises. The medium and small enterprises are expected to be eliminated while market space will be seized by leading enterprises.
Companies Mentioned
– Asahi Auto Glass (China) Co., Ltd.
– BSG Auto Glass Co., Ltd.
– Changchun Pilkington Safety Glass Co., Ltd.
– Changzhou Changjiang Glass Co., Ltd.
– FUYAO GLASS Corporation
– Guangzhou Dongxu Automobile Glass Co., Ltd.
– Guilin Pilkington Safety Glass Co., Ltd.
– Hebei Tongyong Glass Industrial Co., Ltd.
– Jiangsu Tiemao Glass Co., Ltd.
– Shanghai Yaohua Pilkington Glass Group Co., Ltd.
– Shanxi Lihu Glass (Group) Co., Ltd.
– Wendeng Mingchi Safety Glass Co., Ltd.
– Wuhan Wuyao Safety Glass Co., Ltd.
– Xinyi Automobile Glass (ShenZhen) Co., Ltd.
For more information visit http://www.researchandmarkets.com/research/bsqnfq/research_report.