Demand for Automotive Glass Products Remains Weak
Rob Houglum ZIPGlassNetwork.com Wednesday, April 25, 2012
The glass product producing industry in the U.S. Is guessed to grow two % 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 car glass products has been puny, as the volume of U.S. Automobile production went down at an average rate of 18.4 p.c per year between 2007 and 2010.
According to the report, the automobile glass industry is answerable for 15 % of glass demand and the industry has seen more glass in autos due to leading edge technology and designs. Expectancies for 2012 include a two pc rise in consumer expenditure towards a variety of products like automobiles. The report does still state that there is feeble demand for automotive 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, money is anticipated to go down a mean of 1.6 % over time 2007-2012. In 2012, the glass product manufacturing industry in the U.S, encompassing 1,739 companies, is expected to post $22.7 bill in money and $2.1 bn. in profits.
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