Automotive Glass Market Top Key Players - Saint Gobain France, Webasto Germany, Nippon Sheet Group Japan, Xinyi Glass Holdings Hongkong, Fuyao Group China China, Asahi Glass Co., Ltd Japan, Corning US, Gentex Corporation US

The automotive Glass Market was worth $XX Billion in the year 2020, the market was expected to grow at $XX billion by 2026 with a CAGR of ~XX% for the period of 5 years. Additional features in windshields rain sensors, acoustic interlays and heads up display (HUD) are positively affecting the automotive glass market.

Automotive glass Market is an important component of a vehicle that drives frequent innovation and growth. This market is thriving, especially in cheap luxury car applications. The new glasses offer our customers a higher level of comfort with superior security, temperature control and privacy features.

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AUTOMOTIVE GLASS MARKET DYNAMICS

Factors such as increasing use of automotive glass, increasing demand for smart glass, and increasing consumer preference for vehicle safety are driving the glass market to a larger scale. In particular, the increasing use of sunroofs in luxury cars is energizing the glass market. Currently, sunroofs are installed not only in luxury cars, but also in other segments. In addition, the increase in the size of windshields and side windows is helping the overall development of the automotive glass market.

AUTOMOTIVE GLASS MARKET SEGMENTATION

By Type
• Tempered
• Laminated

By Vehicle Type
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By Application
• Windshield
• Side Windows
• Back Windows
• Sunroof

By Geography
• US
• Europe
• China
• ASEAN
• India
• Japan
• South Korea
• South America
• ROW

By End Use
• OEM
• Aftermarket

RECENT PARTNERSHIPS IN AUTOMOTIVE GLASS MARKET

• In April 2021, RoboSense, a China-based automotive and smart LiDAR system provider, teamed up with Webasto to develop an automotive grade MEMS LiDAR RSLiDARM1 and an integrated smart roof module sensor for level 3-5 driving vehicles.

• As of May 2020, Saint Gobain has acquired a 50% stake in the JJG Group, which is mainly based in China, for the production of flat glass with a capacity of 160,000 metric tons per year.

• The first manufacturing plant in China was introduced, where a joint venture was established between Volkswagen and SAIC. The manufacturing unit is set to start production with an annual production capacity of 300,000 units.

• AGC has agreed with Moroccan glass maker Induver Holding to establish a JV for automobile glass manufacturing in Europe and North Africa.

COVID-19 IMPACT ON AUTOMOTIVE GLASS MARKET

The COVID19 pandemic has led to the closure and closure of automotive businesses around the world, reducing even the small outlook for the automotive glass industry.

However, as demand in the electric vehicle market increases, this sector will recover at a steady rate. Innovations in this area have emerged today with tempered glass that uses better chemicals than existing glass, with a focus primarily on increasing the strength of the product. Sales of glass roofs, windshields, windows and mirrors are increasing as the manufacturing industry in the automotive sector grows.

COMPETITIVE LANDSCAPE

• It is an integrated global market. The top players in the market are China's Gobang (France), Webasto (Germany), Japanese Plate Glass (Japan), Asahi (Japan), Sinuiju, and Huyao. There have been constant mergers and acquisitions with manufacturers in the region that are shaping the automotive glass market.

• Webasto has introduced a visually advanced smart sunroof. This is the sliding panoramic sunroof supplied to Mercedes deploying on the new Mercedes-Benz SClass models.

COMPANY PROFILE
• Saint Gobain France
• Webasto Germany
• Nippon Sheet Group Japan
• Xinyi Glass Holdings Hongkong
• Fuyao Group China China
• Asahi Glass Co., Ltd Japan
• Corning US
• Gentex Corporation US

Read More Information: https://mobilityforesights.com/product/automotive-glass-market/

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This release was published on openPR.