Automotive Glass Market 2019 Global Industry Analysis By Growth, Size, Trends, Share, Leading Companies, Opportunities, Regional And Key Country Forecast To 2023

Automotive Glass Market To Witness Evolutionary Growth Rate Of 7.73% and expected to reach market size of 28,135.7 Million From 2019 To 2023. The key factors that drive the growth of Global Automotive Glass Market are growing demand for luxury and value-added features.

Pune, India - January 4, 2019 /MarketersMedia/ —

Automotive Glass Market To Witness Evolutionary Growth Rate Of 7.73% and expected to reach market size of 28,135.7 Million From 2019 To 2023. The key factors that drive the growth of Global Automotive Glass Market are growing demand for luxury and value-added features such as electronically switch abled smart glasses and other are some of the factors. Additionally, this investment is expected to add a substantial manufacturing capacity and capabilities to the World Glass Complex. This development is projected to create an ample opportunity that can boost up the automotive glass market in India and other Asia Pacific countries.

Whereas, high cost associated with manufacturers, and lack of awareness about usability & benefits, hamper the growth of the market significantly.

The foremost companies in the Automotive Glass market consist of Nippon Sheet Glass Co. Ltd (Japan), Vitro, S.A.B. de C.V. (Mexico), Xinyi Glass Holdings Limited (Hong Kong), Guardian Industries Corp. (U.S.), Fuyao Glass Industry Group Co.Ltd (China), Asahi Glass Co., Ltd. (Japan), Central Glass Co. (Japan), Saint Global S.A. (France), Olimpia Auto Glass Inc. (Turkey) and Shatterprufe (South Africa) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive Glass Market.

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Automotive glass is the component of vehicle that contributes to the safety and stiffness. Automotive glass includes different components such as windscreen, side and rear windows, and roof of the vehicle with glass panel. The main property of automotive glass is to provide a clear vision of the road and the nearby objects. Mainly two types of automotive glasses are used in automobile that includes tempered safety glass and laminated safety glass.

As per the market study conducted by Market Research Future, the global market for automotive glass seems very broad and is expected to create lucrative opportunities in the forecast period. Many auto glass manufactures have come up with various technological advancements and key development which have pushed the market to an upper level. This market is majorly benefiting from the various driving factors such as continuously increasing sales of passenger cars, rising number of accidents, increasing research & development spending, government’s initiatives, on-going developments by the prominent auto glass manufacturers.

In spite of some factors, the auto glass market growth could be restrained by the factors such as higher manufacturing prices of auto glass, fluctuating prices of glass raw materials, and underdeveloped aftermarket services in major countries. Whereas, the major factor that has been a challenge for the automotive glass industry is the government regulations over automotive glass certification. The automotive glass needs to clear all the certification process led by government and transportation department. However, several manufacturers face various difficulties in getting NOC from these departments. Moreover, the manufacturers need to obtain these certificate to sell or export their products to other countries such as US’s DOT, China’s CCC, Brazil’s INMETRO, Japan’s JAS, India’s RTO and among others. Therefore, owing to this factors, the market has faced various challenges that could obstruct the market growth.

Segment Analysis:

The scope of global automotive glass market is segmented into three major segments which are explained below:

By Glass Type:

·        Tempered Glass

·        Laminated Glass

By Vehicle Type:

·        Passenger Car

·        Light Commercial Vehicle

·        Heavy Commercial Vehicle

By Application:

·        Windscreen

·        Sidelite

·        Backlite

·        Sunroof

Detailed 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.

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Table Of Content:

1. REPORT PROLOGUE

2. INTRODUCTION

2.1. DEFINITION

2.2. SCOPE OF THE STUDY

2.2.1. RESEARCH OBJECTIVE

2.2.2. ASSUMPTIONS

2.2.3. LIMITATIONS

2.3. MARKET STRUCTURE

2.4. MARKET SEGMENTATION

Continued…

LIST OF TABLES:

Table 1 Global Automotive Glass Market: By Type, 2014-2022 (USD Billion)

Table 2: Automotive Glass Global Market, By Region, 2014-2022 (USD Billion)

Table 3 Automotive Glass Global Market, By Region, 2014-2022 (USD Billion)

Table 4 Automotive Glass Global Market, By Region, 2014-2022 (USD Billion)

Continued…

LIST OF FIGURES:

FIGURE 1 Automotive Global Glass Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis Of Automotive Global Glass Market

FIGURE 4 Value Chain Of Automotive Global Glass Market

Continued…

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