India Automotive Glass Market to Grow at 5.5% During 2022-2027, Impelled by Significant Growth in Automotive Sector

The latest report by IMARC Group, titled "India Automotive Glass Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on the Indian Automotive Glass Market Research Report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The India automotive glass market is expected to exhibit a CAGR of 5.5% during 2022-2027.

Automotive glass is generally utilized in the manufacturing of automobiles in order to provide protection to vehicles and their occupants during accidents and avoid debris from entering the enclosed space. Besides this, it also provides a clear and undistorted view of surroundings and roads during adverse weather conditions while safeguarding the automobile from ultraviolet (UV) rays. This glass is fabricated by mixing sodium carbonate, silica, lime and cullet with water that is widely utilized in various forms, such as integrated glass antennas, privacy glass, patterned glazing, module assembly glass, heated wire and coated windshields, head-up display and light control glass.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

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Market Trends:

The market in India is primarily driven by significant growth in the automotive sector. Coupled with the increasing manufacturing and selling of vehicles, along with the rising adoption of automobiles owing to the inflating disposable income levels of the masses, this is impacting the market growth favorably. Moreover, continual technological advancements and the widespread utilization of instant defrosting windshields in order to improve driver's visibility are creating a positive market outlook. In addition to this, the introduction of electric vehicles (EVs) due to the growing environmental concerns across the country is creating a boost to the demand for automotive glasses. Other factors, including rapid urbanization, the growing initiatives undertaken by the government of India for connecting rural and urban locations, continuous developments in the logistics infrastructure that have propelled the production of heavy-duty automobiles, continual up-gradation in vehicle designs, and extensive research and development (R&D) activities conducted by key player, are also influencing the market across India.

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Key Market Segmentation:

Breakup by Glass Type:

• Laminated Glass
• Tempered Glass
• Others

Breakup by Material Type:

• IR PVB
• Metal Coated Glass
• Tinted Glass
• Others

Breakup by Vehicle Type:

• Passenger Cars
• Light Commercial Vehicles
• Trucks
• Buses
• Others

Breakup by Application:

• Windshield
• Sidelite
• Backlite
• Rear Quarter Glass
• Sideview Mirror
• Rearview Mirror
• Others

Breakup by End User:

• OEMs
• Aftermarket Suppliers

Breakup by Technology:

• Active Smart Glass

o Suspended Particle Glass
o Electrochromic Glass
o Liquid Crystal Glass

• Passive Glass

o Thermochromic
o Photochromic

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.