Automotive Glass Market Size Worth $28.93 Billion By 2025: Grand View Research, Inc.
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.
Full
Research Report On Global Automotive Glass Market Analysis:
www.grandviewresearch.com/industry-analysis/automotive-glass-market
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.
View more
reports of this category by Grand View Research at:
www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
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
View press
release of this research report by Grand View Research:
www.grandviewresearch.com/press-release/global-automotive-glass-market
www.grandviewresearch.com/press-release/global-automotive-glass-market
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.
For more
information: www.grandviewresearch.com
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