The market is expected to reach market size of 28,135.7 million by the end of forecast period with CAGR 7.73% between 2017 and 2023. Global Automotive Glass Market to grow at highest CAGR during forecast period of four years from 2018. Automotive Glass Market is segmented by type (Tempered glass, Laminated glass), by vehicle type (Passenger car, Light commercial vehicle, Heavy Commercial vehicle), By Application (Windscreen, Sidelite, Backlite, Sunroof) and Region in this report.
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The global Automotive Glass Market is highly competitive. The market players are leveraging various strategies such as acquisitions, partnerships, and investments to stay ahead of the competition in the global Automotive Glass Market. The market participants are trying to come up with advancements in the Automotive Glass. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
Automotive Glass Market Key Players Analysis: The key players of Global Automotive Glass Market report include- 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. Ltd (Tokyo), Saint Global S.A. (Paris), Olimpia Auto Glass Inc.( Turkey), Shatterprufe (South Africa) and others.
The growth of automotive industry leads to the increased demand for automotive glass market. Rising production and sales of vehicles are likely to result in increased usage of the automotive glass. Factors such as the 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. 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.
In spite of these 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.
The scope of global automotive glass market is segmented into three major segments which are explained below:
By Glass Type:
By Vehicle Type:
Light Commercial Vehicle
Heavy Commercial Vehicle
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. 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.
The report for Global Automotive Glass Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance.
List of Tables:
TABLE 1 GLOBAL AUTOMOTIVE GLASS MARKET, BY TYPE , 2015 TO 2023 (USD MILLION)
TABLE 2 GLOBAL AUTOMOTIVE GLASS MARKET, BY VEHICLE TYPE, 2015 TO 2023 (USD MILLION)
TABLE 3 GLOBAL AUTOMOTIVE GLASS MARKET, BY APPLICATION, 2015 TO 2023 (USD MILLION)
TABLE 4 GLOBAL AUTOMOTIVE GLASS MARKET, BY REGION, 2015-2023 (USD MILLION)
TABLE 5 NORTH AMERICA AUTOMOTIVE GLASS MARKET, BY COUNTRY 2015-2023 (USD MILLION)
TABLE 6 NORTH AMERICA AUTOMOTIVE GLASS MARKET, BY TYPE 2015-2023 (USD MILLION)
TABLE 7 NORTH AMERICA AUTOMOTIVE GLASS MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION)
TABLE 8 NORTH AMERICA AUTOMOTIVE GLASS MARKET, BY APPLICATION 2015-2023 (USD MILLION) 45
TABLE 9 US AUTOMOTIVE GLASS MARKET, BY TYPE 2015-2023 (USD MILLION)
TABLE 10 US AUTOMOTIVE GLASS MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION)
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