Global light vehicle OE glazing market- forecasts to 2029

April 2015 SAMPLE Usage and copyright statement

A single-user licenced publication is provided for individual use only. Therefore this publication, or any part of it, may not be copied, reproduced, stored in a retrieval system, or be transmitted in any form by any means electronic, mechanical, photocopying, recording or otherwise without the prior written permission of Aroq Limited.

A multi-user licence edition can be freely and legally shared with your colleagues. This agreement includes sharing electronically via your corporate intranet or the making of physical copies for your company library. Excluded from this agreement is sharing any part of this publication with, or transmitting via any means to, anybody outside of your company.

This content is the product of extensive research work. It is protected by copyright under the Copyright, Designs and Patents Act 1988. The authors of Aroq Limited's research are drawn from a wide range of professional and academic disciplines. The facts within this study are believed to be correct at the time of publication but cannot be guaranteed. All information within this study has been reasonably verified to the author’s and publisher’s ability, but neither accept responsibility for loss arising from decisions based on this report.

© 2015 All content copyright Aroq Limited. All rights reserved.

If you would like to find out about our online multi-user services for your team or organisation, please contact:

Mike Chiswell Senior QUBE Business Manager Tel: +44 (0)1527 573 608 Toll free from US: 1-866-545-5878 Email: [email protected] http://wwwS.just-auto.com/qube AMPLE

April 2015 Page 2 This a sample PDF.

This analysis has been curtailed as it is an illustrative sample. The table of contents represent what is present in the full version of this report.

To discuss and ensure your research requirements are met through this or another of just-auto's reports, please contact our experienced team using the details at the end of this sample. SAMPLE

April 2015 Page 3 Table of contents 1: Introduction ...... 9 About this service...... 10 Definitions ...... 0 2: PESTER analysis ...... 11 Political ...... 11 Economic ...... 11 Social...... 0 Technological ...... 0 Environmental ...... 0 Regulatory ...... 0 3: Companies ...... 12 American Products ...... 12 Asahi Glass Co Ltd ...... 12 Central Glass ...... 0 Group ...... 0 Corporation...... 0 Background profile on Guardian Automotive ...... 0 Co., Ltd...... 0 Products ...... 0 Infrastructure ...... 0 NordGlass ...... 0 Glass Works, LLC ...... 0 Saint Gobain (Compagnie de Saint-Gobain SA) ...... 0 Merger and acquisition activity...... 0 Products ...... 0 InfrastructurSe ...... AMPLE 0 Vitro SAB de Cv ...... 0 Holdings ...... 0 Others...... 0 Bayer MaterialScience ...... 0 BSG Auto Glass ...... 0 Corning ...... 0 DuPont ...... 0 Eastman Chemical Co ...... 0 Freeglass GmbH ...... 0 Research Frontiers ...... 0 SABIC ...... 0 Sekisui ...... 0

April 2015 Page 4 Shanxi Lihu Glass...... 0 4: Markets...... 13 Trends...... 13 Value Growth - Automotive Glazing ...... 0 Where is the automotive glazing sector heading? ...... 0 Market trends ...... 0 Value Growth - Automotive Glazing ...... 0 Where is the automotive glazing sector heading? ...... 0 Market shares ...... 0 Global manufacturer market shares of the automotive glazing OE and aftermarket, 2010-2014, % of sales volume ...... 0 Global manufacturer shares of the automotive replacement glass market for the independent aftermarket, 2010-2013, % of sales volume...... 0 Europe ...... 0 European manufacturer shares of the automotive glass market (OE and aftermarket), 2010-2013, % of sales volume ...... 0 European manufacturer shares of the automotive replacement glass market for the independent aftermarket, 2010-2013, % of sales volume...... 0 North America...... 0 North American manufacturer shares of the automotive glass market (OE and aftermarket), 2010-2013, % of sales volume ...... 0 South America ...... 0 South American manufacturer shares of the automotive glass market (OE and aftermarket), 2010-2014, % of sales volume ...... 0 Japan...... 0 Japanese manufacturer shares of the automotive glass market (OE and aftermarket), 2010-2013, % of sales volume ...... 0 Asia-Pacific manufacturer shares of the automotive glass market (OE and aftermarket), 2010-2013, % of sales volume ...... 0 ...... 0 Chinese manufacturer shares of the automotive glass market (OE and aftermarket), 2010-2013, % of sales volume...... 0 Emerging markets ...... 0 Bulgaria ...... 0 India...... 0 Mexico...... 0 Peru...... 0 Poland ...... SAMPLE 0 Romania...... 0 Russia ...... 0 Slovakia ...... 0 South Africa ...... 0 5: Technologies...... 14 Defining the elements ...... 14 Basic and value-added automotive glass ...... 0 Acoustic windshields...... 0 Bare-edge glass...... 0 Enamels...... 0 Glass processing...... 0 Head-up display...... 0 April 2015 Page 5 Heated windshields ...... 0 Hydrophilic and hydrophobic coatings...... 0 Integrated antenna...... 0 Laminated side glazing...... 0 Large windshields ...... 0 Autoliv's thin windshield pillar ...... 0 Citroën C3 ...... 0 Large windshield examples: Cadillac CRX, Ford Edge, Astra GTC ...... 0 Windshield sealing system for the Opel Astra GTC ...... 0 Modular glazing ...... 0 Panoramic roofs...... 0 Polycarbonate glazing ...... 0 Recycling initiatives...... 0 Sealing systems...... 0 Shade bands...... 0 Solar controlled glazing ...... 0 Saint-Gobain Sekurit's findings ...... 0 Innovations ...... 0 CARB's Cool cars...... 0 Solar roofs ...... 0 Switchable glazing...... 0 Tempered glazing ...... 0 Technology developments ...... 0 MIT develops fog-free glazing ...... 0 SsangYong Motor frost-free glazing...... 0 6: Forecasts ...... 15 Glazing sets ...... 16 OverviewS...... AMPLE 16 Forecasts...... 0 Market volumes of glazing sets fitted to newly-assembled passenger cars and light vehicles, 2009-2029, ('000s units) ...... 0 Acoustic windshields...... 0 Overview...... 0 Applications ...... 0 Forecasts...... 0 Market fitment/penetration rates of newly-assembled passenger cars and light vehicles fitted with acoustic windshields and sidelites, 2009-2029 (%) ...... 0 Market volumes of newly-assembled passenger cars and light vehicles fitted with acoustic windshields and sidelites, 2009-2029 ('000s units) ...... 0 Head-Up Displays (HUDs) ...... 0 Overview...... 0 Applications ...... 0 Forecasts...... 0

April 2015 Page 6 Market fitment/penetration rates of newly-assembled passenger cars and light vehicles fitted with Head-Up Displays (HUDs), 2009-2029 (%) ...... 0 Market volumes of newly-assembled passenger cars and light vehicles fitted with Head-Up Displays (HUDs), 2009-2029 ('000s units) ...... 0 Infrared reflective glazing...... 0 Overview...... 0 Forecasts...... 0 Market fitment/penetration rates of newly-assembled passenger cars and light vehicles fitted with infrared reflective glazing, 2009-2029 (%)...... 0 Market volumes of newly-assembled passenger cars and light vehicles fitted with infrared reflective glazing, 2009-2029 ('000s units) ...... 0 Laminated sidelites ...... 0 Overview...... 0 Applications ...... 0 Forecasts...... 0 Market fitment/penetration rates of newly-assembled passenger cars and light vehicles fitted with laminated sidelites, 2009-2029 (%) ...... 0 Market volumes of newly-assembled passenger cars and light vehicles fitted with laminated sidelites, 2009-2029 ('000s units)...... 0 Large sunroofs...... 0 Overview...... 0 Applications ...... 0 North America...... 0 Western Europe...... 0 Japan...... 0 Forecasts...... 0 Market fitment/penetration rates of large sunroofs fitted to newly-assembled passenger cars and light vehicles, 2009-2029, (%) ...... 0 Market volumes of large sunroofs fitted to newly-assembled passenger cars and light vehicles, 2009-2029, ('000s units)...... 0 Polycarbonate glazing ...... 0 Overview...... 0 Applications ...... 0 Forecasts...... 0 Market fitment/penetration rates of newly-assembled passenger cars and light vehicles fitted with one or more pieces of polycarbonate glazing, 2009-2029 (%) ...... 0 Market volumes of newly-assembled passenger cars and light vehicles fitted with one or more pieces of polycarbonate glazing, 2009-2029 ('000s units) ...... 0 SwitchableS glazing...... AMPLE 0 Overview...... 0 Applications ...... 0 Forecasts...... 0 Market fitment/penetration rates of newly-assembled passenger cars and light vehicles fitted with switchable roof glazing, 2009-2029 (%) ...... 0 Market volumes of newly-assembled passenger cars and light vehicles fitted with switchable roof glazing, 2009-2029 ('000s units) ...... 0 7: Glossary ...... 17 8: Archive...... 18 Ford's windshield mount technology ...... 0 Magna International...... 0

April 2015 Page 7 Tables

Value Growth - Automotive Glazing ...... 0 Global manufacturer market shares of the automotive glazing OE and aftermarket, 2010-2014, % of sales volume ...... 0 Global manufacturer shares of the automotive replacement glass market for the independent aftermarket, 2010-2013, % of sales volume...... 0 European manufacturer shares of the automotive glass market (OE and aftermarket), 2010-2013, % of sales volume ...... 0 European manufacturer shares of the automotive replacement glass market for the independent aftermarket, 2010-2013, % of sales volume...... 0 North American manufacturer shares of the automotive glass market (OE and aftermarket), 2010-2013, % of sales volume ...... 0 South American manufacturer shares of the automotive glass market (OE and aftermarket), 2010-2014, % of sales volume ...... 0 Japanese manufacturer shares of the automotive glass market (OE and aftermarket), 2010-2013, % of sales volume...... 0 Asia-Pacific manufacturer shares of the automotive glass market (OE and aftermarket), 2010-2013, % of sales volume ...... 0 Chinese manufacturer shares of the automotive glass market (OE and aftermarket), 2010-2013, % of sales volume...... 0 Basic and value-added automotive glass...... 0 Market volumes of glazing sets fitted to newly-assembled passenger cars and light vehicles, 2009-2029, ('000s units) ...... 0 Market fitment/penetration rates of newly-assembled passenger cars and light vehicles fitted with acoustic windshields and sidelites, 2009-2029 (%) ...... 0 Market volumes of newly-assembled passenger cars and light vehicles fitted with acoustic windshields and sidelites, 2009-2029 ('000s units) ...... 0 Market fitment/penetration rates of newly-assembled passenger cars and light vehicles fitted with Head-Up Displays (HUDs), 2009-2029 (%) ...... 0 Market volumes of newly-assembled passenger cars and light vehicles fitted with Head-Up Displays (HUDs), 2009-2029 ('000s units) ...... 0 Market fitment/penetration rates of newly-assembled passenger cars and light vehicles fitted with infrared reflective glazing, 2009-2029 (%)...... 0 Market volumes of newly-assembled passenger cars and light vehicles fitted with infrared reflective glazing, 2009-2029 ('000s units) ...... 0 Market fitment/penetration rates of newly-assembled passenger cars and light vehicles fitted with laminated sidelites, 2009-2029 (%) ...... 0 Market volumes of newly-assembled passenger cars and light vehicles fitted with laminated sidelites, 2009-2029 ('000s units)...... 0 Market fitment/penetration rates of large sunroofs fitted to newly-assembled passenger cars and light vehicles, 2009-2029, (%) ...... 0 Market volumes of large sunroofs fitted to newly-assembled passenger cars and light vehicles, 2009-2029, ('000s units)...... 0 Market fitment/penetration rates of newly-assembled passenger cars and light vehicles fitted with one or more pieces of polycarbonate glazing, 2009-2029 (%) ...... 0 Market volumes of newly-assembled passenger cars and light vehicles fitted with one or more pieces of polycarbonate glazing, 2009-2029 ('000s units) ...... 0 Market fitment/penetration rates of newly-assembled passenger cars and light vehicles fitted with switchable roof glazing, 2009-2029 (%)...... 0 Market volumesS of newly-assembled passengerAMPLE cars and light vehicles fitted with switchable roof glazing, 2009-2029 ('000s units) ...... 19

April 2015 Page 8 Introduction

As glazing plays an increasing role in the overall design of a vehicle, vehicle makers are looking for ways to use glass on other areas of the body. This has led to increased research into how sunroofs can be used more effectively as a design feature. The sunroof has subsequently emerged as a key styling feature and can in some cases replace the majority of the roof panel.

Higher and wider windshields have also led to the quantity of glass used in vehicle manufacture to gradually increase. The trends in MPVs, for instance, have seen bulky A-pillars become obtrusive for forward vision. Consequently, some car designers are focusing more and more on windshields that wrap around at the sides pushing the A-pillar back towards the front door. This style of windshield is known as ‘panoramic’.

It is clear that glazing continues to play an important part in vehicle design, providing a combination of aesthetic, functional and structural properties. The need for improved passenger comfort, increased functionality and lower vehicle manufacturer assembly costs means that glazing systems with infra-red and ultra-violet-inhibiting properties, integrated antennas, de-misting and de-icing capabilities, and ease of fitting are increasingly required by the OEMs. SLK MagicS Sky Control roof inAMPLE the clear state

April 2015 Page 9 About this service

This service on glazing includes market trends, shares and forecasts as well as a technical round-up of various technologies and brief company profiles. Our manufacturer market share estimates for glazing cover global (OE and aftermarket combined; and replacement glass for the independent aftermarket), Europe (OE and aftermarket combined; and replacement glass for the independent aftermarket), North America (OE and aftermarket combined), South America (OE and aftermarket combined), Japan (OE and aftermarket combined), Asia-Pacific (OE and aftermarket combined) and China (OE and aftermarket combined). SAMPLE

April 2015 Page 10 PESTER analysis Political

• Interest in the use of hybrid and electric vehicles has grown over the past decade, mainly due to the quest for improved fuel efficiency and lower emissions.

Converging market drivers such as congestion charging; oil pricing; energy security; vehicle maintenance costs; and punitive legislative measures on vehicle emissions, are now applicable to a global marketplace. There can be no doubt that the ‘green’ credentials of hybrids have proven attractive to consumers, national and state governments, and manufacturers. To help improve fuel economy of such vehicles, polycarbonate glazing is being used on certain hybrid vehicles. For example, GM’s Chevrolet Volt relies heavily on resins and composite materials from GE Plastics to reduce its mass, allowing lower fuel consumption, fewer carbon dioxide emissions and improved overall performance. GE fuel-saving technologies on the Chevy Volt include roof, rear deck lid and fixed side glazing made with Lexan GLX resins and Exatec coating technology.

• Although advanced driver assistance systems are increasingly fitted to new cars as drivers request them, Euro NCAP’s tightened safety requirements will boost such installed equipment rates over the next few years.

For instance, it is said that from 2014, it will be ‘practically impossible’ for new vehicles to receive a five star EuroNCAP rating if they are not fitted with an Autonomous Emergency Braking (AEB) system. Such technologies will lift demand for ADAS cameras on glazing due to their ability to not only detect and classify objects as pedestrians but for their capability to do the same with partially obscured pedestrians as required by the rating schemes.

Economic • The sizeS of the automotive OEAMPLE glazing market is determined by three main factors: number of vehicles produced; dimension of the glass, i.

April 2015 Page 11 Companies

Three glass makers currently dominate the automotive glazing market, namely Asahi Glass, Saint-Gobain Sekurit and Nippon Sheet Glass (which includes ). Other automotive glass makers include Pittsburgh Glass Works (formerly PPG Industries’ automotive glass business), Central Glass (which includes Carlite) and China’s largest glass supplier, Fuyao. There are also a small number of automotive glass processors serving the aftermarket.

American Glass Products

Headquartered in Bogota, Columbia, American Glass Products (SGP) develops and manufactures glazing for a number of applications, including automotive OEM and aftermarket replacement glass (tempered and laminated), bullet resistant glass (OEM, retrofit, military, marine and architectural) and specialty glass (architectural, furniture, refrigeration, and marine).

For aftermarket replacement glass applications, AGP has tooling for windshields, sidelities and backlites ranging from 1940's models to current day vehicles for Mercedes, Ford, Fiat, Volkswagen and Renault. In particular, AGP supplies the windshield for the Astra GTC. A defining element of the Opel Astra GTC’s frontal design is the latest version of Opel's panoramic windshield concept. Opel engineers filed XX patents in the development of this element of the new Astra GTC. The windshield extends from the bonnet line up into the roof-line as far back as the 'B' pillar. Apart from the new Astra GTC, the panoramic windshield is also available in the Zafira ourT er

AGP's plants have the capability of producing large and small volume runs of both laminated and tempered safety glass in the following colours: clear, green, bronze, grey and blue. AsahiS Glass Co LtdAMPLE AGC's automotive glass business designs and manufactures laminated and for vehicles.

April 2015 Page 12 Markets Trends

Vehicle production may have decreased during the global economic recession yet there is still a lot of development work being undertaken in the automotive glazing industry. The main drivers of growth in the automotive glass market relate to product complexity (curvature and surface tolerance), solar control, security and the complete glazing system. These trends presents various challenges such as creating new shapes in glass to follow styling trends, keeping weight down as glass areas increase and addressing overheating problems resulting from so much light entering the cabin.

NSG/Pilkington believes that, in addition to vehicle build growth, there are three other drivers of the automotive glazing industry, the first two of which directly impact the OE market, both in terms of volume and value. “The first of these additional drivers is the growth in the amount of glass used per vehicle. Key to understanding this trend is recognition of the change in vehicle styling and features as a result of technology advances and public opinion. Generally, larger vehicles for replacement models, taller vehicles, new vehicle apertures and new market segments have brought about an increase in the amount of glazing used…The second additional driver is the value-added content now being delivered by the leading suppliers to the OE industry. Value-added features would include: advanced acoustic control; solar control properties reducing solar heat gain; de-icing and de-misting capabilities; integrated antennae for radio, TV, cell phone, navigation, etc; integrated rain and light sensors for automatic wiper and headlight activation; hydrophobic and hydrophilic coatings for improved visibility; to name but some…The third area is the replacement market. Here, market demand is determined by the number of vehicles in use and a replacement rate, which in itself will vary from one geographic market to another, dependingS on the combinationAMPLE of a range of factors.

April 2015 Page 13 Technologies Defining the elements

‘Raw ’ is the trade term for perfectly flat, clear glass. Float glass is produced by floating a continuous stream of molten glass onto a bath of molten tin. The molten glass spreads onto the surface of the metal and produces a high quality, consistently level sheet of glass that is later heat polished. The glass has no wave or distortion. Float glass is used mainly by the construction and automotive industries, with the remainder of the market being used in the manufacture of furniture and white goods.

Float glass is produced in varying thicknesses according to its application. Float glass can be modified during the production process through body tinting and on-line coatings. Tinting technology imparts a colour to the clear float glass, typically green or bronze, and is an increasingly important factor for vehicle makers when deciding where to place new business. On-line coating modifies some or all of the solar energy transmission, colour and thermal insulation properties of the float glass. A float glass plant is highly capital-intensive, costing in the region of EURXXX-1XXm depending on the facility’s size, location and product complexity. Once operational, it is designed to operate continuously, 3XX days per year, for its useful life, i.e. ten to XX years. A typical XXX tonne per day float facility equirr es about ten hectares including buildings, rail and plant auxiliary systems.

The processed glass that is supplied to vehicle makers is called safety glass. This is because it does not shatter into sharp pieces on impact. Two techniques are used in producing safety glass for vehicles, lamination and tempering.

◦ Laminated glass is made by sandwiching an inner plastic laminate layer (polyvinyl butyral or PVB) between two glass pieces to form laminated glass.S When broken, the glassAMPLE remains in place by sticking to the vinyl interlayer and is therefore less likely to cause injury.

April 2015 Page 14 Forecasts

This section sets out our estimates and forecasts of glazing sets and certain added-value glazing applications fitted to newly-assembled passenger cars and light vehicles across XX of the world’s largest light vehicle markets - which collectively account for more than XX percent of world light vehicle production. Our forecasts range is from 2009 through to 2019 with spot forecasts for 2024 and 2029.

Here, our forecasts are divided into the following eight groups:

▪ Glazing sets ▪ Acoustic windshields ▪ Head-up displays ▪ Infrared reflective glazing ▪ Laminated sidelites ▪ Large sunroofs ▪ Polycarbonate glazing ▪ Switchable glazing

Each forecast group sets out first the market fitment/penetration percentage rates followed by market volumes (‘XXXs).

Our forecasts are not extrapolative but dependent on the underlying drivers of supply and demand.

Each forecast is based on vehicle data prepared by our partner, LMC Automotive. The vehicle data (passenger cars and light commercial vehicles) includes: ▪ NorthS America - US, CanadaAMPLE and Mexico; ▪ Mercosur – Brazil and Argentina; ▪ Western Europe - Germany, Italy, France, UK, Spain, Portugal, Netherlands, Belgium, Sweden, Austria, Finland and Morocco; ▪ Central Europe - Turkey, Bulgaria, Czech Republic, Poland, Slovakia, Hungary, Romania, Serbia and Slovenia; ▪ Russia; ▪ Japan; ▪ China; ▪ India; ▪ Korea; ▪ Thailand; ▪ Other Asia – Indonesia, Malaysia, Taiwan and Philippines; ▪ Iran; ▪ South Africa;

April 2015 Page 15 ▪ Australia.

These forecasts are updated quarterly or as and when major changes require assumptions to be amended. Full revision history for all of our forecast pages within this section allow you to see what has changed and when.

Glazing sets

Overview

The size of the OE market is determined by three main factors. SAMPLE

April 2015 Page 16 Glossary

Backlite – means the rear window of a vehicle, whether composed of glass or some other transparent or translucent material.

Deletion windows – are areas on a vehicle’s glazing specifically designed to facilitate transmission of electromagnetic signals into and out of the vehicle.

Direct solar reflectance (RDS) – means the ratio of reflected solar flux to the incident solar flux, i.e., the ratio of the solar energy that is reflected outward by a paint or glazing system to the amount of solar energy impacting the paint or glazing system, usually expressed as a percentage. RDS includes ultraviolet, visible and infrared reflectance.

Glazing – means all transparent or translucent portions of the vehicle body designed to allow occupants to see outside of the vehicle or others to see in, whether made of glass or some other material.

Infrared reflectance – means the ratio of infrared solar energy which is reflected outward by the glazing system to the amount of infrared solar energy impacting the glazing system, usually expressed as a percent. The infrared wavelengths are considered to be those falling between XXX-2XXX nanometres (nm).

Privacy glass – is glazing that is rear of the B-pillar in a vehicle that has less than XX% visible light transmittance.

Rooflite – means all transparent or translucent materials, whether fixed or not, on the top surface, or roof, of a vehicle.

Sidelites – means all windows, whether fixed or not, on the sides of the vehicle, composed of glass or any other transparent or translucent material.SAMPLE Solar absorptance – means the amount of solar energy that is absorbed by the glazing system, expressed as percent.

Total solar transmittance (TTS) – means the ratio of the transmitted solar flux to the incident solar flux, i.

April 2015 Page 17 Archive

This section of the intelligence service contains archived pages of significant interest, but which no longer require updating.

Researchers at the Fraunhofer Institute for Reliability and Microintegration IZM in Berlin, Germany have developed an optical sensor for the windshield that can tell the difference between fog and darkness thereby helping to prevent accidents. As part of an EU-sponsored project, known as ADOSE, the researchers worked with Centro Ricerche Fiat and the chip manufacturer STMicroelectronics. The system consists of a camera, two sensors equipped with Fresnel lenses to detect light signals, and an infrared LED. “Because fog and darkness can exhibit optically identical spectra, it is difficult to distinguish between these two light phenomena. That’s why the infrared LED emits light waves that are scattered back in fog but not in conditions of darkness,” said IZM group manager Henning Schroeder. “It is particularly difficult to capture the light signal from a broad aperture angle, to bundle the signal and pass it along the circuit board to the four corners of the camera chip. Because the middle of the chip is reserved for recording the camera image.”

In October 2011, Atuglas International, a unit of France’s Arkema, launched a new nano-structured acrylic sheet that is meshed and structured at the scale of a billionth of a meter to maximize its properties. Atuglas calls it ShieldUp acrylic sheet that is said to retain its strength and clarity in all temperatures and is ideal for use in aeronautics, automotive, photovoltaic and safety glass applications. Atoglas claims the acrylic is naturally resistant to UV and the material is the most scratch resistant polymer available. The material can be thermoformed into complex shapes offering designers more versatility over glass. SaintS Gobain’s Solar GardAMPLE has developed a new window film to protect drivers from UV rays.

April 2015 Page 18 Market volumes of newly-assembled passenger cars and light vehicles fitted with switchable roof glazing, 2XXX-2XXX ('XXXs units) Market 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2024 2029

North America X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX

Mercosur X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX XX.XX

Western Europe X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX

Central Europe X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX

Russia X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX

Japan X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX XX.XX XX.XX

China X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX XX.XX XX.XX XX.XX XX.XX

India X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX XX.XX

Korea X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX

Thailand X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX XX.XX

Other Asia X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX

Iran X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX SouthS Africa X.XX X.XXAMPLEX.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX Australia X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX

Total XX markets X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX XX.XX XX.XX XX.XX XX.XX XXX.XX

Source: just-auto, LMC Automotive and industry sources

April 2015 Page 19 © 2015 All content copyright Aroq Limited. All rights reserved.

If you would like to find out about our online multi-user services for your team or organisation, please contact:

Mike Chiswell Senior QUBE Business Manager Tel: +44 (0)1527 573 608 Toll free from US: 1-866-545-5878 Email: [email protected] http://www.just-auto.com/qube SAMPLE

April 2015 Page 20