Chinese Auto Glass Industry is Growing at Rate of 20 Percent Per
Year, According to Recent Report
May 13, 2010
The Chinese auto glass industry is increasing at an average growth
rate of 20 percent annually, according to a new report. Likewise,
in 2009, the scale of the Chinese auto glass market exceeded 70
million square meters.
However, though Chinese auto glass production is up, the report
says that the global auto market slowed down, in light of a 4.2
percent decrease for the global auto industry.
The report says that Fuyao Group is China's largest auto glass manufacturer
currently, and that Fuyao holds 10 percent of the global auto glass
market share, 60 percent of the Chinese market.
The report was recently released by Research and Markets, a firm
that looks at a variety of industries.
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