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What Factors Will Drive Automotive Glass Market Outlook Through 2026?

05-03-2021 05:04 PM CET | Logistics & Transport

Press release from: Global Market Insights Inc.

Automotive Glass Market

Automotive Glass Market

Automotive glass market is poised for stellar growth on the back of burgeoning production and sales of next-generation electric vehicles. Changing user lifestyle and preferences for long journeys have led to the development of advanced vehicular features. To further improve passenger comfort, automakers are utilizing acoustic windshields that aid noiseless travel experiences. Use of lightweight automotive glasses are also known to offer improved fuel efficiency.

Inclining preference for lightweight vehicle components to yield improved fuel efficiencies with potential savings has augmented the industry outlook. As per reports, the global automotive glass market size is estimated to reach USD 14.9 billion by 2026. Some of the trends augmenting the industry forecast are as below.

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How will increasing demand for fuel-efficient vehicles drive automotive glass market size?
Long-distance road journeys have prompted the development of enhanced car features. The gradually shifting preferences for laminated side glazing in vehicles are expected to drive product development activities with OEMs working towards standardizing side glazing in the automobile production. The automotive glass market value is anticipated to gain traction with the increasing vehicle production in the Asia Pacific countries of Indonesia, India, Japan, Malaysia, China and Taiwan post the COVID-19 related economic and industrial impact.

Why are laminated automotive glasses witnessing increased demand?

Laminated automotive glass offer numerous features like improved scratch and impact-resistant, higher durability and UV resistance. Depending on its use, laminated glasses is designed to meet specific user requirements. For instance, acoustic glasses help to reduce traffic noise by adding sound insulation properties in laminated glasses. Meanwhile, defogger glasses help in removing ice and condensation from the backlite electrically through outlines to offer clear visibility in all weather conditions.
Smart glasses with electronically tintable characteristics suspended particles in the thin film within the glass to offer heat insulation. Encapsulated glass, insulating, and basic float glass are other value-added glasses that are designed to make passenger journey more comfortable.

What are the key factors driving automotive replacement glass sales?

Aftermarket replacement glass has emerged as a preferred choice for damaged vehicles. Insurance claims offered after vehicle damage may act as a key factor supporting product sales. However, it is mandatory for aftermarket glasses to meet government regulations that focus on promoting passenger safety. For instance, strict regulations in the United States restricts the use of substandard glass for components like rear windows, side windows in vans, SUVs, and cars.

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What are the key strategies adopted by companies in the automotive glass market?

For efficient production of automotive glasses, manufactures are signing long term supply contracts with raw materials suppliers. Availability of suppliers would favor the negotiating power of automotive glass manufacturers. Apart from this, automotive glass manufacturers are leveraging quality control measures and reducing production costs to facilitate market presence.

Table of Contents (ToC) of the report:

Chapter 4. Market, By Product
4.1. Global automotive glass market share by product, 2019 & 2026
4.2. Laminated
4.2.1. Global market estimates and forecasts, 2016-2026
4.2.2. Market estimates and forecast, by region, 2016-2026
4.3. Tempered
4.3.1. Global market estimates and forecasts, 2016-2026
4.3.2. Market estimates and forecast, by region, 2016-2026

Chapter 5. Market, By Distribution Channel
5.1. Global automotive glass market share by distribution channel, 2019 & 2026
5.2. Aftermarket replacement glass (ARG)
5.2.1. Global market estimates and forecasts, 2016-2026
5.2.2. Market estimates and forecast, by region, 2016-2026
5.3. OEM
5.3.1. Global market estimates and forecasts, 2016-2026
5.3.2. Market estimates and forecast, by region, 2016-2026

Chapter 6. Market, By Application
6.1. Global automotive glass market share by application, 2019 & 2026
6.2. Sidelite
6.2.1. Global market estimates and forecasts, 2016-2026
6.2.2. Market estimates and forecast, by region, 2016-2026
6.3. Backlite
6.3.1. Global market estimates and forecasts, 2016-2026
6.3.2. Market estimates and forecast, by region, 2016-2026
6.4. Windscreen
6.4.1. Global market estimates and forecasts, 2016-2026
6.4.2. Market estimates and forecast, by region, 2016-2026

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Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

About Global Market Insights, Inc.
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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