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Demand for Automotive Glass Products Remains Weak

Post Time:May 03,2012Classify:Industry NewsView:174

The glass product manufacturing industry in the U.S. Is predicted to grow 2 % in 2012-2017, according to a report titled Glass Product Manufacturing in the U.S. From IBISWorld in Santa Monica, Calif. Nonetheless the clamor for auto glass products has been feeble, as the volume of U.S. Automobile production went down at an average rate of 18.4 percent per year between 2007 and 2010.
According to the report, the automotive glass industry is answerable for fifteen p.c of glass demand and the industry has seen more glass in vehicles due to advanced technology and designs. Expectancies for 2012 include a two percentage rise in consumer spending towards a range of products like autos. The report does still state that there's puny requirement for car glass products and with product substitution and import penetration, industry expansion will be restrained.
Glass industry sales have decreased since the late 1990s, but increased in the mid-2000s. Hence, revenue is anticipated to go down an average of 1.6 % over the years 2007-2012. In 2012, the glass product producing industry in the U.S, encompassing 1,739 companies, is expected to post $22.7 bill in income and $2.1 bln in profits.

Source: http://www.glassonweb.com/news/index/15746/Author:

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