The global automotive
glass market size is expected to reach a market size of USD 28.93
billion by 2025, according to a new report by Grand View Research, Inc. Rapidly
changing consumer demand has led to numerous advancements in the technology
used in manufacturing. Increasing demand for sunroof over the past years has
led to increase in utilization of the product.
The consumers’ high focus towards luxury is expected
to propel innovation in vehicles. The automotive manufacturers now offer either
built-in or optional sunroof systems, especially in mid and premium car
segments. Value-added features and functions including electrically-switchable
smart glass, water-repellant glass, and head-up display (HUD) have been
developed in order to improve the energy efficiency and driving comfort &
safety of the vehicles.
The high price of laminated glass coupled with high
cost associated with the manufacturing of the product is likely to restrain the
entry of new market players, thereby posing a significant challenge for the
market over the forecast period. The majority of the manufacturers setup a
float glass manufacturing facility near the production facility in order to
ensure proper and timely supply of raw material. This increases the
establishment cost for the manufacturers.
Browse full research report on Automotive Glass Market: https://www.grandviewresearch.com/industry-analysis/automotive-glass-market
Further
key findings from the report suggest:
- Laminated glass is anticipated to witness significant growth over
the forecast period as it is also being increasingly used in front side
windows of the vehicles in order to increase the level of safety
- Sidelite segment is expected to witness growth over the forecast
period on account of increasing utilization of laminated glazing on the
side windows particularly in Europe, Asia, and North America
- Asia Pacific dominated the market in 2015 and is expected to
witness the significant growth of over 7% from 2016 to 2024. The presence
of numerous manufacturers including AGC, Fuyao Group, and NSG in the
region is expected to have a positive impact on the market growth over the
forecast period.
- In August 2016, AGC Asahi Glass announced that its subsidiary,
Asahi Automotive Europe, entered into a joint venture with Induver
Holding, Morrocco. This venture led to the setup of company’s first
product base in North Africa, thereby allowing ease in the supply of glass
in the region.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand
View Research has segmented the global automotive glass market on the basis of
product, application, end-use, vehicle type,and region:
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)
- Windscreen
- Sidelite
- Backlite
End-Use
Outlook (Volume, Million Square Meters; Revenue, USD Million;2014 - 2025)
- OEM
- ARG
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
- U.S.
- Europe
- Germany
- Asia Pacific
- China
- Latin America
- Brazil
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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