The North America Automotive Aftermarket Glass Market would witness market growth of 4.2% CAGR during the forecast period (2019-2025). The automotive sector has experienced massive growth in recent years, which has led to a rise in the number of on-road vehicles.
This would further provide a bigger target market to the aftermarket players. As per the National Highway Traffic Safety Administration, the U.S., the average number of car accidents is six million per year. Sidelite and windshield are the most common parts of a vehicle that need replacement after an accident. The increased number of vehicles on the road and constant accident cases is expected to provide a push to the market growth in the years to come.
The market is projected to experience gradual developments in the coming years. 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Automotive Aftermarket Glass Market in North America is expected to register a CAGR of 4.2% 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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