The global automotive glass market is growing at a high rate due to the growing sales of cars in the world

Automotive Glass Market Forecast : Market Will Boom In Near Future

𝗥𝗲𝗽𝗼𝗿𝘁 𝗣𝗮𝗴𝗲𝘀: [130 Pages]

Market Overview:

Automotive glass has different parts such as bumpers, side windows, windscreens, and windshields. The windscreen is usually made of laminated windscreens that are sandwiched between two sheet glass panels, while the window is made of toughened safety glass with an anti-ultraviolet (UV) layer. Both the windscreen and window are usually split into two pieces by a thin airfoil and a thick laminated sheet. Side windows are either raised or lowered and tilted by a hinge or by pressing a button or press with a hand Hydraulic glass panels are usually used on sedans and pick-up trucks. Automotive glass repair service providers are well-versed with all the types of glass available for vehicles, such as automotive glass for windows and windshields, auto glass for bumpers and tailgates, and automotive glass for headlights and grilles. They also deal with repaired windshields as well as replace damaged ones.

𝗚𝗼 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗱𝗲𝘁𝗮𝗶𝗹 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗯𝗼𝘂𝘁 𝗔𝘂𝘁𝗼𝗺𝗼𝘁𝗶𝘃𝗲 𝗚𝗹𝗮𝘀𝘀 𝗠𝗮𝗿𝗸𝗲𝘁
https://www.coherentmarketinsights.com/ongoing-insight/global-automotive-glass-market-1817

Competitive Landscape:

𝐌𝐚𝐣𝐨𝐫 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐚𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐠𝐥𝐚𝐬𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞 Magna International, Corning, Gentex Corporation, Nippon Sheet Glass, Xinyi Glass, Webasto, Samvardhana Motherson, Fuyao Glass, Asahi Glass, and Saint-Gobain.

Key Market Drivers:

Increasing sales of automobiles in the world is the main factor that is expected to drive the growth of the global automotive glass market. For instance, according to the International Organization of Motor Vehicle Manufacturers, in 2020 around 63.8 million cars were sold in the world. For large automotive glass repairs, users should call and ask for the services of a reputable glass company because they do not want to risk further damage to the automobile or even death if the damage is too severe. When repairing the windshields, users should make sure that they use the latest technology and methodologies to ensure that they get the best results. The technicians are trained to handle any kind of glass repair, be it a minor chip or a large shattered window. If users have a wrecked vehicle, they may want to consider having the body repaired instead of replacing the glass because of the complexities in making the body match the glass. In this way, the damage done to the vehicle's body may not be as bad as the windshield damage. Increasing product and service launches by key market players are estimated to boost the growth of the global automotive glass market.

Covid-19 Impact Analysis:

During the ongoing pandemic, several key market players have faced various challenges, owing to increasing lockdown measures and travel restrictions. However, they have continued to introduce new products in the market and this has affected the growth of the global automotive glass market. For instance, in January 2020, BMW launched an intelligent glass control for the iNextits electric SUV model.

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Key Takeaways:

The size of the global automotive glass market is estimated to increase at a CAGR of 4.80% and is projected to reach around US$ 23.59 billion by 2025, owing to increasing product launches by key market players. For instance, in February 2020, Citrine Informatics, Inc and AGC Glass Europe collaborated in order to develop a new glass technology by using artificial intelligence.

The Asia Pacific is expected to hold a major share of the global automotive glass market, owing to the increasing rate of disposable income in the developing nations of the region. For instance, according to Financial Express, India now earns 30% more currently than 6 years ago.

North America is estimated to witness high growth in the global automotive glass market, owing to the increasing prevalence of key market players in the region. For instance, in July 2021, Jeep’s Performance Parts division (JPP) launched Gorilla Glass windshields for the Gladiator and Wrangler SUV.

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This release was published on openPR.