Automotive glass is mainly utilized for providing undistorted as well as clear view of the road and the surrounding. It is a transparent screen which mainly protects vehicle passengers from temperature changes, safety as well as for better aerodynamics. Additionally, automotive glass is treated glass to provide protection and safety to the passengers. In order to safeguard the driver and enables smooth driving, various type of glasses is being used in automobiles.
Global Automotive Glass Market: Key Players
The research study includes profiles of leading companies operating in the global automotive glass market. Key players profiled in the report include: Dura Automotive Systems, Asahi Glass Co., Ltd., Fuyao Glass Industry Group Co., Ltd., Nippon Sheet Glass Co., Ltd., Xinyi Glass Holdings Ltd., Samvardhana Motherson, Webasto, Gentex Corporation, Pilkington Glass, PPG Industries, Shenzhen Benson Automobile Glass Co., Ltd., Saint-Gobain S.A. and Corning.
Drivers for the Global Automotive Glass Market:
According to current market condition, driving factors of automotive glass market are rising demand and production of vehicles. Also, rise in demand and sales of commercial vehicles, government stringent emission norms, and improved vehicle performance, trending smart glass, bullet proof glass, eco-friendly and embedded glass. Moreover, increasing demand for commercial transportation services like buses and taxicabs are anticipated to boost the demand for light commercial vehicles. In addition, rapid urbanization, improved road infrastructure, and supportive regulatory policies are expected to boost the demand for LCVs, thereby resulting in market growth.
Opportunities for the Global Automotive Glass Market:
Ongoing trend observed in the target market is increasing adoption of solar control glasses for vehicles in order to improve fuel efficiency, this trend is expected to support growth of the target market over the forecast period. Along with that, rising primary safety from accidents and rising consumer preferences in application of glass in passenger’s cars have created huge opportunity in market for automotive glass market.
Restrains for the Global Automotive Glass Market:
However, high capital cost required to setup a glass plant and huge cost of smart glass can hamper the growth of automotive glass market. Apart from that, the windshield replacement is quite complicated and requires enormous precision. As the minimum difference in the replacement can hamper the performance of the windshield. Also, it needs the expertise for the replacement process which is costly. Thus, such factors can strangle the market.
Region Wise, Global Automotive Glass Market Analysis:
On the basis of region, global automotive glass market includes North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Geographically, Asia Pacific is expected to grow at the highest CAGR during the forecast period. Emerging economics and strong presence of manufacturers in Japan, China, and India will boost the market in this region. Rise in disposal income, rapid changes in regulations to make transportation more advancing on the technology front and ever-increasing population of this region will create more opportunity in automotive glass market. Asia Pacific region is followed by North America and Europe.
Global Automotive Glass Market: Product analysis
Global Automotive Glass Market: Application analysis
Global Automotive Glass Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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