Demand for Automotive Glass Products Remains Weak
Rob Houglum ZIPGlassNetwork.com Wednesday, April 25, 2012
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 automotive glass products has been weak, 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. Expectations for 2012 include a two percentage rise in consumer spending toward a range of products like autos. The report does still state that there's weak 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. Accordingly, money is predicted to go down an average of 1.6 % over time 2007-2012. In 2012, the glass product manufacturing industry in the U.S, including 1,739 businesses, is anticipated to post $22.7 bln in money and $2.1 bln in profits.
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