Along with the improvement of domestic residents' income level and the better of expressway, etc consumption environment, automobile consumption upgrading will enlarge the automobile glass demand. International automobile manufacturers shift their production capacity to China to decrease the cost, domestic automobile export is larger than the import, and it will grow rapidly. Meanwhile, in order to cut down the cost, the part sourcing of international automobile manufacturers becomes globalized, which provides larger market opportunity for domestic automobile glass enterprises.
Currently, about 29% of the company's revenue is from international market, including Asia-pacific region and North America. Its share in domestic automobile glass equipping market is about 50%, and its share in automobile glass maintenance parts market in North America accounts for 10%, and 5% in the global market, so it has become the fifth largest automobile glass manufacturer in the world.
Automobile Glass Production Cost Structure
Company Revenue Structure
Statistics and Forecast of Automobile Glass Sales Volume