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7% CAGR growth by 2023 in Automotive Glass Market| Top Players – Asahi Glass, Benson Auto Glass, Carlex Glass, Hitachi Chemical, Magna International, Nippon Sheet Glass, PGW, amongst others

01-16-2019 06:34 PM CET | Logistics & Transport

Press release from: Market Prognosis

Market Analysis:

Asia-Pacific to show Fast Growth in the forecasted period

Asia-Pacific regions, like China and India are forecasted to be the fastest growing automotive glass market. Higher disposable incomes, the booming middle class and high youth population are anticipated to be major reasons for the fast growth of the automotive glass market. North American and European market are still the leaders.

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With the increase in the demand in the automobile sector year after year, the components used to build an automotive are expected to be automatically consumed more. Smart glass is forecasted as the future of the automotive industry. Most of the research has been directed at improving and making the smart glass applicable to the mainstream vehicles. Increasing usage of sunroof glass particularly in high-end vehicles is anticipated to have a positive impact on the market growth. In addition, advancements in vehicle design have led to the increase in the size of the windshield and side windows, thereby leading to industry development. Lightweight properties, along with better security are the key factors stimulating product penetration in the industry.

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Market Segments:
Automotive Glass Market is segmented by:
1. Type: Regular Glass, Smart Glass
2. Application: Sunroof, Side View Mirrors, Windshield (Front and Rear), Side Windows (Front and Rear), Others
3. Vehicle Type: Passenger Vehicles (Four Wheeler, Two Wheeler, Three Wheeler), Commercial Vehicles
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Recent Developments:
March 2018: The merger of J.N. Phillips and Techna Glass results in the second largest automotive glass company

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

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