The significant players of the global automotive glass market are listed as Nippon Sheet Glass Co. Ltd (Japan), Vitro, S.A.B. de C.V. (Mexico), Xinyi Glass Holdings Limited (Hong Kong), Guardian Industries Corp (US), 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), and Shatterprufe (South Africa).
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Automotive glass market is gaining momentum owing to its rising demand across the world. Market Research Future has revealed that global automotive glass market is touted to grow at a CAGR of 7.28% during the forecast period from 2018 to 2025.
The automotive glass mainly contributes to the safety notions of the vehicle and includes various components such as windscreen, side and rear windows, and roof of the vehicle.
Market Drivers & Trends:
Drivers that play a significant role in the progress of the market are rising demand for passenger vehicles, growing urban population, increasing environment concerns and rising per capita disposable income of middle-class population. These are contributing in larger ways for the market’s expansion over the years and will continue to remain on the same position during the assessment period.
The expansion of automotive industry has also encouraged the market for automotive glass market to expand remarkably. Moreover, the rising for passenger car has also resulted in the increasing demand for the automotive glass over the years. The development of the market is ushering new possibilities for the manufacturers and businesses to invest more and bring some innovative automotive glass materials to save vehicles. Such factors have ushered the market to gain much traction in its prospects in the future.
The global automotive glass market has been spilled into type, vehicle type, and application.
In terms of type, the global market has been bifurcated as tempered and laminated glass. The laminated glass segment, in 2018 was expected to witness considerable growth in terms of value during the forecast period. Laminated glasses are soundproof, easy to install, and durable. Therefore, the demand for laminated glass is progressively increasing among auto glass manufacturers.
In terms of vehicle type, the global market is segmented into passenger car, light commercial vehicle, and heavy commercial vehicle. The passenger car segment has the largest market share of during the forecast period and is primarily driven by the mounting demand for passenger cars, increasing per capita income in emerging countries, and the growing use of glass in automotive.
In terms of application, the global market is segregated into windscreen, sidelight, backlite, and sunroof. The windscreen segment is anticipated to observe extensive growth owing to its growing consumption in the automotive industry.
The global automotive glass market was led by Asia-Pacific followed by Europe and North America. Among these regions, Europe is expected to witness significant growth in the global automotive glass market due to the presence of well-established automotive players and the growing demand for passenger vehicles has pushed the market for automotive glass in Europe. In Europe, Germany accounted for the largest market share, followed by the UK and France.
List of tables:
TABLE 1 GLOBAL AUTOMOTIVE GLASS MARKET, BY TYPE, 2017–2025 (USD MILLION) 31
TABLE 2 GLOBAL AUTOMOTIVE GLASS MARKET, BY VEHICLE TYPE, 2017–2025 (USD MILLION) 34
TABLE 3 GLOBAL AUTOMOTIVE GLASS MARKET, BY APPLICATION, 2017–2025 (USD MILLION) 38
TABLE 4 GLOBAL AUTOMOTIVE GLASS MARKET, BY REGION, 2017–2025 (USD MILLION) 42
TABLE 5 NORTH AMERICA AUTOMOTIVE GLASS MARKET, BY COUNTRY 2017–2025 (USD MILLION) 44
TABLE 6 NORTH AMERICA AUTOMOTIVE GLASS MARKET, BY TYPE 2017–2025 (USD MILLION) 44
TABLE 7 NORTH AMERICA AUTOMOTIVE GLASS MARKET, BY VEHICLE TYPE 2017–2025 (USD MILLION) 45
TABLE 8 NORTH AMERICA AUTOMOTIVE GLASS MARKET, BY APPLICATION 2017–2025 (USD MILLION) 45
TABLE 9 US AUTOMOTIVE GLASS MARKET, BY TYPE 2017–2025 (USD MILLION) 46
TABLE 10 US AUTOMOTIVE GLASS MARKET, BY VEHICLE TYPE 2017–2025 (USD MILLION) 46
List of Figures:
FIGURE 1 RESEARCH PROCESS OF MRFR 16
FIGURE 2 TOP-DOWN AND BOTTOM-UP APPROACH 18
FIGURE 3 MARKET DYNAMICS 20
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS 21
FIGURE 5 SALES OF NEW VEHICLES, 2011–2014 21
FIGURE 6 TOTAL AUTOMOTIVE R&D SPEND (DOMESTIC & IMPORTED) (USD BILLION) 22
FIGURE 7 IMPACT ANALYSIS: MARKET RESTRAINTS 23
FIGURE 8 IMPACT ANALYSIS: OPPORTUNITIES 24
FIGURE 9 FIVE FORCES ANALYSIS 25
FIGURE 10 VALUE CHAIN ANALYSIS 27
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