Press release
Automotive Glass Market: Technological Advancements and Future Opportunities and Current Industry Trends
The market is driven by increasing vehicle production & sales, demand for advanced glass technologies such as smart glass device & embedded glass, and government regulations for vehicle safety.
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“Asia Oceania: Largest Automotive Glass Market”
Asia Oceania is estimated to be the largest automotive glass market and is also projected to grow at the highest CAGR from 2017 to 2025. This growth can be due to the rising GDP, increasing per capita income, and growing demand for passenger vehicles especially for compact SUVs in this region. Additionally, shifting consumer preference for SUV especially in countries such as India and China are driving the automotive glass market. The average volume of glass required in SUV is significantly more than that in sedans and other passenger cars. Saint-Gobain has expanded its facility in Chennai, India, with an investment of USD 300 million to develop high-end glass for the automotive market. Asahi Glass has also expanded its facility in Indonesia to manufacture float glass for the automotive industry. These expansions help the companies to increase their market share in the growing automotive glass market in the region.
Demand-Side Analysis-
1 Increasing Vehicle PARC and Sales Driving the Demand for Automotive Glass Aftermarket
2 Increasing Production of SUVs and Luxury Passenger Cars Driving the Automotive Glass Market (OE)
3 Growing Demand for Advanced Materials for Automotive Glass Manufacturing
Supply-Side Analysis-
1 Technological Advancements
2 Increasing Demand for IR-PVB Glass Material
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The major players in the automotive glass market are Saint-Gobain (France), Asahi Glass (Japan), Fuyao Glass (China), Samvardhana Motherson (India), Webasto (Germany), Xinyi Glass (China), Nippon Sheet Glass (Japan), Gentex Corporation(US), Corning (US), and Magna International (Canada)
Laminated glass is the fastest growing segment globally. Laminated glass has a major application in the vehicle windshield. Laminated side glazing in automobiles is one of the most desired automotive technologies. Some European OEMs such as BMW and Mercedes have standardized side glazing in some of their top selling models. It provides enhanced safety to passengers in case of the vehicle rolls over in an accident.
Rearview mirror is the largest segment of the device embedded automotive glass market. Rearview mirror is among the first applications of device embedded glass in passenger cars. It not only provides important information to the driver when parking the vehicle but also warns about any obstacle approaching the vehicle from behind. Technological advancements by Gentex (US) and Samvardhana Motherson (India) have ensured that device embedded rearview mirrors are available at an economical price point.
Passenger Car is the largest and the fastest growing automotive glass aftermarket. Various factors such as stringent and regionally varying regulations, accident rates, technological advancements such as smart glass and demand for privacy glass will influence the demand of automotive glass aftermarket. The regional and local players also play an important role in the automotive glass aftermarket.
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Target Audience:
Automotive glass manufacturers
Automotive smart glass manufacturers
Device embedded glass manufacturers
Suppliers of raw material for automotive glass
Experts from the automotive smart glass industry
Dealers and distributors of automotive glass
Automotive Original Equipment Manufacturers (OEMs)
Automobile industry and related end-user industries
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
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