Press release
Automotive Glass Market – Growth Opportunities and Challenges 2017-2024
Expansion in the global automobile industry along with rising collision rates will drive the automotive glass market. Increasing demand for large windscreens and sunroofs to enhance the aesthetic appeal of the automobiles will propel the industry growth.
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Rising safety concerns regarding passenger vehicles along with increased consumer spending will propel industry . Increasing casualty rate due to automobile accidents globally has enhanced the vehicle safety into focus. OEMs following highest safety standards for the product manufacturing will drive the industry growth.
Technological advancement and product innovations to offer optimum fuel efficiency, passenger safety along with lightweight properties are the factors fuelling the product demand. Extensive R&D to improve comfort, visibility and protection from sunlight will further propel the industry growth.
Advanced glass possesses auto dimming and photochromic properties which significantly reduces the intensity of ultraviolet radiation is anticipated to drive the industry growth. Emergence of smart glass has improved the comfort by controlling temperature and natural light. Stringent regulations on the carbon footprint globally is the major restraint of the business growth.
Laminated automotive glass market was valued over USD 4.5 billion in 2016. Easy reparability, clear visibility, sound proofing and prevention from penetration are key features encouraging the product demand.
Tempered products are anticipated to witness gains over 6% by 2024. High durability and strength due to controlled chemical treatment are the key factors fuelling the product scope in several applications. Wide utilization as backlite & sidelite in commercial vehicles along with its high resistance & superior defrosting properties will enhance the automotive glass market trends.
Sidelite will witness growth around 6.5% up to 2024. Side window, commonly referred as sidelite has observed an increase in consumption due to its better visibility features. Windscreen segment is estimated to grow at 6.7% up to 2024. Strict regulations enacted by FMVSS and other legal entity regarding safety concerns will foster the automotive glass market.
Light commercial vehicles will witness growth over 6.5% up to 2024 in automotive glass Evolving smart glass technologies that ensures enhanced visibility, improved comfort and protection from sunlight will support automotive glass market growth.
The U.S. automotive glass market is anticipated to grow at around 4.5% up to 2024 owing to increased demand for original equipment in the region. Stringent regulations by FMVSS will further strengthen the regional industry.
Europe, dominated by Germany is automotive safety, design and innovation hub. High-tech technologies and innovations regarding design, safety and reliability are key factors positively influencing the industry growth.
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Global automotive glass market is consolidated with key industrial players including Saint-Gobain Sekruit, AGC, Nippon, PPG, Corning, Xinyi, Guardian and Duratuf. Mergers & acquisitions, collaborations and joint ventures are the key strategies adopted.
Chapter 4 Automotive Glass Market, By Product
4.1 Global automotive glass market share by product, 2015 & 2024
4.2 Laminated
4.2.1 Laminated automotive glass market estimates and forecast, 2013 – 2024, (Million Sq. Meters) (USD Million)
4.2.2 Laminated automotive glass market estimates and forecast by region, 2013-2024, (Million Sq. Meters) (USD Million)
4.3 Tempered
4.3.1 Tempered automotive glass market estimates and forecast, 2013 – 2024, (Million Sq. Meters) (USD Million)
4.3.2 Tempered automotive glass market estimates and forecast by region, 2013-2024, (Million Sq. Meters) (USD Million)
Chapter 5 Automotive Glass Market, By Application
5.1 Global automotive glass market share by application, 2015 & 2024
5.2 Sidelite
5.2.1 Automotive glass market estimates and forecast from sidelite, 2013 – 2024, (Million Sq. Meters) (USD Million)
5.2.2 Automotive glass market estimates and forecast from sidelite by region, 2013-2024, (Million Sq. Meters) (USD Million)
5.3 Backlite
5.3.1 Automotive glass market estimates and forecast from backlite, 2013 – 2024, (Million Sq. Meters) (USD Million)
5.3.2 Automotive glass market estimates and forecast from backlite by region, 2013-2024, (Million Sq. Meters) (USD Million)
5.4 Windscreen
5.4.1 Automotive glass market estimates and forecast from windscreen, 2013 – 2024, (Million Sq. Meters) (USD Million)
5.4.2 Automotive glass market estimates and forecast from windscreen by region, 2013-2024, (Million Sq. Meters) (USD Million)
Browse Full TOC @ https://www.gminsights.com/toc/detail/automotive-glass-market
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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