America, Japan, China and South Korea has respectively taken up 34%, 26%, 19%, 9% and 5% of the world market, and together accounted for 93%.
Albany, New York (PRWEB) August 27, 2014
Research on Automotive Glass Market in China, 2014-2018 mainly analyzes China's automotive glass industry in the aspects of current market status, supply & demand, competition landscape, and business performance of major enterprises both home and abroad, meanwhile offers suggestions concerning the industry, so as to make entrepreneurs get a better understanding of this industry and make a wiser decision with the help of the business references.
Automotive glass is an important component of automobile, accounting for about 3% of the total weight of automobile. It is mainly supplied by OE (Original Equipment) market and AGR aftermarket and therefore, the demand of automotive glass has a close relationship with the output, sales volume and ownership of automobile. As China's automobile industry enters into high-speed development era, the demand of automotive glass in China has increased at an average speed of 20% every year. Now, China has become the world biggest automotive glass manufacturing country, with over 200 automotive glass enterprises and the output of automotive glass has reached about 83 million weight cases (one weight case equals to 50kg).
In terms of the major automotive glass consumption markets in the world, European Union, North America, Japan, China and South Korea has respectively taken up 34%, 26%, 19%, 9% and 5% of the world market, and together accounted for 93%.
At present, apart from several automotive glass enterprises that have a large scale in China, many enterprises are relatively small in scale and have low product quality. Fuyao Group and Xinyi Glass Holdings Limited are large scale enterprises, leading the industry in China. Although there are other relatively large-scale enterprises, their performances are hard to compete with the former two. As a leading enterprise in Chinas automotive glass industry, Fuyao Group is the biggest automotive glass manufacturer in China, taking up 10% of the global share and having a lions share (60%) in Chinas OE (Original Equipment) market.
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