Automotive Glass Market:
Glass plays a central role invarious parts of an automotive such as windows, windscreen, and roof. Theglobal automotive glass market report by Market Research Future (MRFR) coversdrivers, challenges, opportunities, and bottlenecks to be faced by glassmanufacturers for the period of 2019 to 2025 (forecast period). The COVID-19pandemic and its implications are explored in the industry report.
Get Free Sample Report in PDF Format @https://www.marketresearchfuture.com/sample_request/2045
Market Scope
The global automotive glassmarket is expected to grow with an estimated CAGR of 7.28% during the forecastperiod. Development of new iterations of glass designs and procurement oflatest vehicles annually can drive market demand. Incorporation of asymmetricdesigns and focus on exterior aesthetics can bode well for the market. Hugestrides in glass manufacturing and capacity to increase the strength and qualityof glass has led to innovations such as tinted glass and acoustic glass.
Badges and hood ornamentsendorsing the brand logo of the company have been made using glass. They aremade from a combination of inorganic and non-toxic oxide and silicatecompounds. The development of hood ornaments on luxury and ultra-luxury carscan drive the market growth. Introduction of new financial schemes andavailable loans for cars can facilitate growthin the global automotive glass market.
Segmentation
Based on type, the global markethas been bifurcated into tempered and laminated glass. In 2018, the laminatedglass segment was projected to witness significant growth in terms of value duringthe forecast period. Laminated glass is soundproof, easy to install, anddurable. Hence, the demand for laminated glass is gradually increasing amongauto glass manufacturers. In addition, its resistance to shattering duringaccidents and protecting passengers can drive the segment demand in the globalautomotive glass market.
New Business Strategies, Challenges & Policies arementioned in Table of Content, Inquire Now (Kindly Use Your Business/CorporateEmail Id) @https://www.marketresearchfuture.com/enquiry/2045
On the basis of vehicle type, theglobal market has been segmented into passenger car, light commercial vehicle,and heavy commercial vehicle. The passenger car segment accounted for thelargest market share of global automotive glass market during the forecastperiod. This is attributed by the rising demand for passenger cars, increasingper capita income in emerging countries, and growing use of glass inautomotive. Passenger cars employ glass for protecting passenger fromenvironmental elements such as dust, wind, sunlight, etc.
Based on application, the globalmarket has been segregated into windscreen, sidelight, backlite, and sunroof.The windscreen segment is expected to witness substantial growth owing to itsincreasing consumption in the automotive industry. On the other hand, thesidelight segment is deemed to capture a significant market share owing to itsinstallation on door frames.
Regional Analysis
Among these regions, Europe isexpected to witness significant growth in the global automotive glass marketdue to the presence of well-established automotive players and the growingdemand for passenger vehicles. In Europe, Germany accounted for the largestmarket share, followed by the U.K. and France.
The automotive glass market inNorth America is being dominated by the U.S. and followed by Canada. NorthAmerica is one of the major producers of automotive glass due to the presenceof established players in the automotive glass market. Moreover, the risingdemand for passenger cars has resulted in increasing demand for automotiveglass has augmented the North American market.
Competitive Outlook
Fuyao Glass Industry Group Co.Ltd, Central Glass Co. Ltd, Vitro, S.A.B. de C.V., Xinyi Glass HoldingsLimited, Olimpia Auto Glass Inc., Saint Global S.A., Guardian Industries Corp,Shatterprufe, Asahi Glass Co., Ltd, and Nippon Sheet Glass Co. Ltd are notableplayers of the global automotive glass market. Development of 3D decorativecover glass for letting users experience AR and VR can bode well for themarket. Recently, Corning Incorporated announced tie-ups with variousautomotive manufacturers for Aion LX, an interior glass component made from itspatented technology. Rise of in-car solutions due to the rapid integration oflatest technologies can favor the glass manufacturer.
Don't miss out on business opportunities in Market. BuyNow and gain crucial industry insights that will help your business grow @https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=2045
About Market Research Future:
Market Research Future (MRFR) isa global market research firm that takes great pleasure in its services,providing a detailed and reliable study of diverse industries and consumersworldwide. MRFR's methodology integrates proprietary information with differentdata sources to provide the client with a comprehensive understanding of thecurrent key trends, upcoming events, and the steps to be taken based on thoseaspects.
Our rapidly expanding marketresearch company is assisted by a competent team of research analysts whoprovide useful analytics and data on technological and economic developments.Our deemed analysts make industrial visits and collect valuable informationfrom influential market players. Our main goal is to keep our clients informedof new opportunities and challenges in various markets. We offer step-by-stepassistance to our valued clients through strategic and consulting services toreach managerial and actionable decisions.
Contact Us:
Market Research Future
Office No. 524/528, AmanoraChambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
