China Automotive Glass Market Size Essay
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 OH (Original Equipment) market and AGAR 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 asses (one weight case equals to keg).
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
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Although there are there relatively large-scale enterprises, their performances are hard to compete with the former two. As a leading enterprise in China’s automotive glass industry, Puffy Group is the biggest automotive glass manufacturer in China, taking up 10% of the global share and having a lion’s share (60%) in China’s OH (Original Equipment) market.