Automotive Glass Market to grow at 7.73% CAGR and reach USD 28,135.7 Mn market value during 2019 and 2023 due to growing demand for luxury and value added features such as electronically switch abled smart glasses and other are some of the factors driving the automotive glass market.
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Key Players:
Xinyi Glass Holdings Limited (Hong Kong), Vitro, S.A.B. de C.V. (Mexico), Olimpia Auto Glass Inc. (Turkey), Asahi Glass Co., Ltd. (Japan), Guardian Industries Corp (U.S.), Saint Global S.A. (Paris), Shatterprufe (South Africa), Fuyao Glass Industry Gro, p Co. Ltd (China), Nippon Sheet Glass Co. Ltd (Japan), Central Glass Co. Ltd (Tokyo), and others have been included in MRFR’s assessment of competitors participating in the global automotive glass market.
Global Automotive Glass Market Analysis:
Automotive glass refers to all glass products used in the production of automotive vehicles. Most commonly observed in windows, and windshields, automotive glass is often also used on dashboards and other automotive features. Automotive glass is normally made from laminated glass and tempered glass. Some types of automotive glass may contain heating coils or antennae depending on the vehicles. Additionally, benefits such as thermal comfort and noise reduction offered by these will enhance automotive glass market. Moreover, the rising need for weight reduction in cars, is expected to fuel the demand for ultra-thin & tough windshield glasses for sophisticated vehicle models.
Market Segmentation:
The global automotive glass market has been segmented on the basis of vital factors such as type, vehicle type, application, and region. Types of automotive glass have been segmented into tempered glass and laminated glass. Both are used for varying purposes and are essential to the production of a vehicle.
Vehicle type has been segmented into light commercial vehicle, heavy commercial vehicle, and passenger car.
Applications of automotive glass have been segmented into windscreen, sidelite, backlite, and sunroof.
Regional Analysis:
Geographically, Asia-Pacific is a major revenue generator of the global automotive glass market, where China, Japan and India are considered the prominent countries for the market, owing to the growing population, huge exports, rapid urbanization and technological advancements. Moreover, the rising preference for gorilla glass for high end premium vehicles, will create an opportunity for the specialized automotive market to meet the standard for the glass.
North America is the second leading market of automotive glass market and is estimated to grow at a CAGR of 7.19% during the forecast period.
Moreover, with rapid urbanizations, exports and technological advancements, the region has witnessed an increase in personal disposable income. Luxury vehicles are witnessing increased growth in this region, and the APAC market is expected to thrive over the forecast period. Meanwhile, the North American market closely followed the APAC market and is expected to grow at a CAGR of 7.19% during the review period.
Industry News:
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porters Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Automotive Glass Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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