Market Share of Automotive Glass Industry
The automotive glass market is a consolidated one. The top global players account for almost 75% of the total market share. The major companies in the automotive glass market include Asahi Glass Co., Fuyao, Nippon Sheet Glass, Saint-Gobain, and Xinyi. Mergers and acquisitions and partnerships with regional automobile manufacturers are some of the dynamics that are shaping the competitive landscape of this market. For instance:
- Guardian Glass invested in the modernization of float glass lines at its European production plants. The United Kingdom plant will be upgraded and modernized, as the existing furnace is coming to the end of its lifecycle.
Automotive glass manufacturers are focusing increasingly on product development and launch strategies in a fairly fragmented global market. In addition, manufacturers are also investing in capacity and geographic expansions to keep up with international demand in the auto production sector. For instance:
- Asahi Glass Co. Ltd announced the development of a new float glass plant in Taloja, India, aimed toward glass production for the automotive and construction sectors, with a capacity of 550 metric ton per day. The company has also introduced a new dark green UV cut glass aimed toward application in passenger cars in India as an alternative to the illegal use of conventional tinted glass in the country.
- Fuyao Glass Industry Group Co. Ltd announced an expansion worth USD 45 million for a new automotive glass plant in Montgomery, Ohio, which will include equipment purchases and research and development investment.
Automotive Glass Market Leaders
Asahi Glass
Fuyao Group
Nippon Sheet Glass
Saint Gobain
Xinyi Glass
*Disclaimer: Major Players sorted in no particular order
