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Automotive Glass Market 2026: Top Players are Saint-Gobain Sekurit, Pittsburgh Glass Works, Gentex Corporation, LKQ Corporation, NSG

03-16-2020 04:26 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Automotive Glass Market

Automotive Glass Market

The automotive glass market is also boosted by consistent innovations in glass features and replacement of metal components by glass supports to reduce overall vehicle weight. Automobile features like sunroofs are also increasing in demand and the availability of sunroof is not restricted to luxury vehicles any more, with manufactures installing it in many low and middle-end vehicles as well. Tinted windows allow for reduced glare, security, privacy and enhanced aesthetics for automobiles, but their use is restricted in most countries through government regulations.

The rapidly escalating growth of the automotive sector across the globe is quite overtly, the principal driving force for automotive glass market. With the rising disposable incomes of the growing middle class populace, automobiles are becoming more of a necessity than a luxury, consequently impelling car sales. As the standards of living continue to rise and the requirement for automobiles escalates more than ever before, the demand for highly advanced smart glass technologies to enhance visibility and improve sunlight protection will also witness an upsurge. In consequence, this would have a remunerative impact on automotive glass industry trends.

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The overwhelming casualty rate arising from automobile accidents has highlighted gaps in vehicle safety. With glass being the most delicate part in a vehicle, the automotive glass industry is certain to witness a slew of opportunities in the coming years. With the overall industry promising a 7% CAGR between 2018 and 2024, the United States automotive glass market will show considerable growth owing to safety focused legal amendments such as United Nations Economic Commission for Europe (UNECE or ECE) & Federal Motor Vehicle Safety Standards (FMVSS).

A pivotal pointer to be registered in this case is that regulations governing regarding copyright and patent infringement may act as plausible restraints for automotive glass market growth from the aftermarket. This is because aftermarket products are likely to differ from the original products in terms of certain specifications, on account of the patent and copyright infringement laws. In most cases however, the product is manufactured with exactly the same size and shape as that of the original, though the color and thickness may vary.

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To emphasize the significance of innovations in the automotive glass market, Glass Apps has introduced a leading smart glass technology which applies a Polymer Liquid Crystal film between two layers of glass and layers of conductive interlayers. Such a smart glass can help to alter the visual appearance of the windows as desired by changing the tint color and opacity by using electricity. It also diminishes the air-conditioning requirements as less sun-light enters the vehicle, limiting the carbon emissions.

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