The Latin America, Middle East and Africa Automotive Aftermarket Glass Market would witness market growth of 4.6% CAGR during the forecast period (2019-2025).
Automotive glass is made of laminated glass and tempered glass. Laminated glass is used for windshields, while the tampered glass is used for side and back windows. The main aim of automotive glass is better visibility, protection from outdoor weather, such as fog, rain, and sunlight. It also acts as a barrier to external noise and provides better aerodynamics. Strong government rules and regulations on the safety of passengers drive the production of automotive glass. In addition, the increase in the number of people with disposable incomes and technological advances in developing countries is accelerating market growth.
The market is projected to experience gradual developments in the coming years. The demand for vehicle up-gradation and adoption of replacement glass has increased due to weather and accidental scenarios, which will eventually raise the aftermarket segment. However, there are certain challenges like inventory management and extensive digitization, which may obstruct the growth of the market to some extent. The availability of various car models globally makes it difficult for the vendors in the market to manage inventory according to the customers' requirements. Additionally, an increase in consumer awareness about product prices and existing options resulting from digitization is projected to lead to diminished margins for vendors.
Based on Type, the market is segmented into Tempered, Laminated and Others. Based on Application, the market is segmented into Windscreen, Sidelite, Backlite and Others. Based on Vehicle Type, the market is segmented into Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Automotive Aftermarket Glass Market in LAMEA is expected to register a CAGR of 4.6% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Corning, Inc., Saint-Gobain Group, Magna International, Inc., Gentex Corporation, and Fuyao Glass Industry Group Co., Ltd., Guardian Industries Corporation (Koch Industries), Nippon Sheet Glass Co., Ltd., Xinyi Glass Holdings Limited, AGC, Inc., and Webasto Group.
Market Segmentation:
By Type
By Application
By Vehicle Type
By Country
Companies Profiled
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