Global Automotive Glass Market is anticipated to witness an exponential growth in the forecast period. Automotive glasses are aesthetically driven parts of a vehicle that shield the passengers against harsh exterior environment such as sun, wind, and rain. Automotive glasses are created in such a way that they provide minimal weight to the vehicle, resist high external forces, and minimalize the strain induced on the vehicle.
The factors that propel the growth of the Automotive Glass Market include rise in the sales and production of the vehicle, augmented demand for progressive glass technologies such as smart embedded glass &glass device, government regulations for vehicle security, and rising disposable income. On the other hand, there are factors that may hamper the growth of the market including high investment cost required to setup a glass plant. Automotive Glass Industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
To download the sample PDF of “Automotive Glass Market Report” please click here: https://www.millioninsights.com/industry-reports/automotive-glass-market/request-sample
The latest trend gaining attraction in the market is the exponential increase in the acceptance of solar control glasses for vehicles. The key advantage linked to the use of solar control glasses is that it supports in improving the fuel efficiency. The usage of solar control glass helps in keeping the vehicle cooler inside; eventually reducing the need of an air conditioner and making the car fuel effective.
Automotive Glass Industry may be explored by vehicle type, sale channel, glass type, application, and geography. The market may be explored by vehicle type as Heavy Commercial Vehicles, Passenger Vehicles, and Light Commercial Vehicles. The “Passenger Vehicles” segment accounted for major market share of the automotive glass in 2017. The key factor that may attributed to the growth of market includes rise in the disposable income of the consumers.
The Automotive Glass Market could be explored based on sale channel as Aftermarket and Original Equipment Manufacturer (OEM). The “Original Equipment Manufacturers (OEM)” segment accounted for major market share of the automotive glass in 2015. The key factor that may attributed to the growth of market includes rapid developments in the vehicle safety features from the industrial end.
The industry may be analyzed by glass type as Tempered Glass and Laminated Glass. Based on application, the market may be classified as Back Glass, Windshield, Door Glass (Side Window) may further explored as (Vent Glass and Quarter Glass), Moon Roof and Back Glass. The “Windshield” segment led the Automotive Glass Industry in 2015 and is anticipated to maintain its dominance by 2025.
Asia-Pacific accounted for the major share of the Automotive Glass Market in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth include availability of cheap & skilled labor and low cost. Asia-Pacific is followed by the North American region owing to surge in the manufacturing of commercial vehicles in the region.
Some of the key players that fuel the growth of the Automotive Glass Industry comprise Fuyao Glass Industry Group Co., Ltd., Asahi Glass Co., Ltd., Dura Automotive Systems, Xinyi Glass Holdings Ltd., Nippon Sheet Glass Co., Ltd., Central Glass Co., Ltd., Shenzhen Benson Automobile Glass Co., Ltd., LKQ Corporation, Saint-Gobain S.A., Glass Trosch Holding AG, Magna International Inc., Gentex Corporation, Guardian Industries Corporation and Vitro, S.A.B. de C.V. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
To browse report summary & detailed TOC, please click the link below:
Product Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)
• Tempered Automotive Glass
• Laminated Automotive Glass
• Other Automotive Glass
Application Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)
End-Use Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)
Vehicle Type Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)
• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle
Regional Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Explore the Latest Market Research Reports by Million Insights:
• Pea Protein Market: With reference to the report published, the global pea protein market was prized by USD 213.1 million in 2020. It is estimated to witness 12.7% CAGR from 2021 to 2028. The expansion of the market for pea protein, is impelled by the increasing demand for the product, due to rising wakefulness of the customer about the expenditure of a nourishing diet and most important, a dynamic everyday life.
• Antibiotics Market: With reference to the report published, the global antibiotics market size was prized by USD 40.7 billion in 2020. It is estimated to witness 4.5% CAGR from 2021 to 2028. The increasing occurrences of infectious sicknesses and sympathetic legislation by the government are the most important stimulators of the market for antibiotics.
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar