Positive Outlook of Germany Automotive Industry Strengthening Glass Industry Performance: Ken Research

Germany glass industry is expected to be benefited from the recovery in the automobile sector in coming years.

The automotive industry is one of the largest industrial sectors in Germany. The revenue of this industry declined in 2012 contributing only ~% of the total revenue generated by glass industry; which was recorded to be USD ~ million

The Germany Glass Industry is expected to grow further in coming years through international cooperation and government efforts. Various economic reforms in Germany are still underway along with legal, tax and regulatory developments with the market requirements, which would help shape the future of the glass industry in Germany. The growing development and great potential in the Germany glass industry has gained attraction internationally. Germany is viewed as one of the fastest growing European glass market for high-end automobiles, construction and packaging. Overall, the glass manufacturing companies in Germany are quickly adopting strategies to address the increasing demand of glass in various industries catering to specific needs of the customers.

With the advancement in the glass industry and the shifting focus from traditional use of glass for decorative purpose and storage to innovative glass products used for highly specialized industries, the future of Germany glass industry is bright. Flat glass is expected to grow at a fast rate over the coming years at a CAGR of 4.9% from 2013-2017, which would be closely followed by container glass.

The total glass production in terms of volume was recorded to be ~ million tonnes in 2013. Further, 2012 recorded a production value of ~ million tonnes as compared to 10 million tonnes in 2011 witnessing a decline of 5.3%. The decline in 2012 was due to the entry of foreign players in the market. Decrease in sales of the glass products in the country adversely affecting the construction industry, food and beverage industry and the pharmaceutical industry. The demand for automobiles in Germany also declined in the same year thereby, decreasing the demand for glass from the automobile sector. The total revenue generated in 2013 was USD ~ million which recorded a decline of 2.2% as compared to 2012.      

The report titled “Germany Glass Industry Outlook 2018 – Growing Demand for Flat Glass to Foster Growth” provides detailed overview on the Germany Glass Industry and helps readers to identify the ongoing trends in the industry and anticipate growth in the future, depending upon changing industry dynamics in coming years. The report will help industry consultants, glass manufacturers to align their market centric strategies according to ongoing and expected trends in the future.

Source- http://www.kenresearch.com/chemicals-materials/polymers/germany-glass-market-research-report/515-101.html

Contact Person- Ankur Gupta
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