San Francisco 25 April 2019 The Report Automotive Glass Market Size, Share & Trends Analysis Report By Product
(Laminated, Tempered), By Application (Windscreen, Sunroof), By End Use (OEM,
ARG), By Vehicle Type (Passenger Car, LCV), And Segment Forecasts, 2019 - 2025
The global automotive glass market size is anticipated to reach USD 21.72 billion by 2025
expanding at a CAGR of 5.7%, according to a new report by Grand View Research,
Inc. Increasing automobile production across the globe on account of
technological advancements and rising disposable income levels, especially in
emerging countries like China, India, and Japan, will augment the product
demand over the forecast period.
China, in particular, is the largest market
due to its significant vehicle production, which was estimated at approximately
29 million units in 2017. As a result, Asia Pacific region is anticipated to
hold the largest share of the global automotive glassmarket over the forecast
period. Moreover, rising investments by international OEMs in the region due to
factors like land and raw material availability, high domestic demand, and
cheap labor cost will drive the regional market further. The passenger car
segment is likely to have a high growth on account of development of advanced
automotive glass products with high-end features.
In addition, consumers’ willingness to pay
extra for premium passenger cars to get better quality and durability are
likely to have a positive impact on the product demand. Laminated glasses are
widely used in vehicle backlites as they offer lower visual distortion than
other products, resulting in enhanced road safety. Furthermore, they can be
easily repaired after damage unlike the tempered glass, which needs to be
replaced completely.
Access Research Report of Automotive Glass Market @ https://www.grandviewresearch.com/industry-analysis/automotive-glass-market
Further key findings from the study suggest:
· Laminated glass segment held the highest
revenue share of 55.1% in 2018 owing to various safety and value added features
provided by the product
· Sunroof is anticipated to be the
fastest-growing application segment over the forecast period due to increasing
integration of sunroof systems in mid-segment cars
· OEM was the largest end-use segment in 2018
and is projected to maintain the dominance throughout the forecast years due to
rising demand for passenger cars
· Central & South America is forecasted
to register the fastest CAGR of 7.4% from 2019 to 2025 due to increasing
vehicle production in the region. Passenger car production in CSA grew by 21.4%
in 2017 in comparison to 2016
· Compagnie de Saint-Gobain S.A.; Asahi Glass
Co. Ltd.; Fuyao Glass Industry Group Co., Ltd.; Nippon Sheet Glass Company,
Ltd. (NSG); and Corning Inc. are some of the key companies in the market
Browse more reports of this category by Grand View
Research at: https://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:
Automotive Glass Product Outlook
(Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)
·
Tempered
·
Laminated
·
Others
Automotive Glass Application Outlook
(Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)
·
Windscreen
·
Backlite
·
Sidelite
·
Sunroof
Automotive Glass End Use Outlook
(Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)
·
Original Equipment Manufacturer (OEM)
·
Aftermarket Replacement (ARG)
Automotive Glass Vehicle Type Outlook
(Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)
·
Passenger Car
·
Light Commercial Vehicles (LCVs)
·
Heavy Commercial Vehicles (HCVs)
Automotive Glass Regional Outlook
(Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Automotive Glass Market@ https://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.
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