Press release
Global Automotive Glass Market Led by Passenger Vehicles with Expected USD 22 Billion by 2024
Automotive Glass Market size will surpass USD 29 billion, or over 1,900 million Sq.M by 2024. Upsurge in demand for passenger cars, particularly in the emerging countries and their dynamic demographics will be key influencers. Fuel efficiency and carbon footprint regulations will remain key industry challenges, while inclination towards large windscreens along with growing demand for automotive sunroof market also play an important role in evolution.The advent of smart technology, to enhance visibility, protection from sunlight and improved comfort will support product penetration, along with the aim to reduce vehicle weight and improve fuel efficiency. Growth outlook for the transportation industry, being correspondingly mirrored in auto production trends will be a critical factor for automotive glass market demand.
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Laminated automotive glass market will generate over USD 9 billion valuation by 2024. Prevention from penetration, easy reparability, sound proofing and clear visibility are the substantial properties encouraging the product consumption. Consistent innovation in features has increased the overall value and complexity of the product delivered to OEMs.
Tempered products are set to witness over 6% growth up to 2024. High strength and toughness due to controlled chemical and thermal treatment are key factor driving product demand. Back-lite will observe gains over 5% in the coming years. Safe shattering, high impact resistance and superior defrosting properties are major industry trends.
Original Equipment Manufacturers accounted for more than 80% of the overall industry share in 2015. With OEMs expanding to new regional frontiers, in terms of production, assembly as well as service stations, this avenue will remain dynamic & challenging. ARG market will witness over 5% growth from 2016 to 2024. Increasing road accident rates along with vehicle damage due to critical weather conditions will propel the ARG market growth.
Automotive glass market from light commercial vehicles will observe over 6.5% growth. Rapid urbanization, high transport rates and rising demand for mini-trucks and vans are the considerable factors of the product development. Increasing accident rates due to heavy traffic in urban areas has positively influenced the demand.
Major companies have been profiled in this research such as Saint-Gobain Sekurit, Asahi Glass Co., Central Glass America, Inc., Shenzhen Benson Automobile Glass Co., Ltd., Nippon Sheet Glass Co., Ltd., PPG Industries, Inc., Xinyi Glass Holdings Ltd., Duratuf Glass Industries (P) Ltd., Corning, Inc., Guardian Glass, Webasto, Magna International Inc., Fuyao Group, Fuso Glass India Pvt. Ltd., Pittsburgh Glass Works, Gentex Corporation, Shatterprufe Windscreens, Vitro, S.A.B. de C.V., LKQ Corporation, Dura Automotive System LLC., Soliver, Glas Trösch Holding AG, Independent Glass Co., Ltd., Paragon Tempered Glass, China Glass Holding Ltd. and Euroglas GmbH.
Request a discount on a copy of Automotive Glass Market Size By Product (Laminated, Tempered), By Application (Sidelite, Backlite, Windscreen), By End-Use (Aftermarket, OEM), By Vehicle (Light Commercial Vehicle, Heavy Commercial Vehicle, Passenger Cars), Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, Australia, Malaysia, Indonesia, South Korea, Brazil, Argentina, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024 research report at https://marketsizeforecasters.com/enquire-for-discount/18736 .
The 2015 U.S. laminated automotive glass market was worth more than USD 800 million; stringent regulations for passenger safety and consumer awareness pertaining to health & safety will drive the regional demand. Shifting trends towards super and modified cars with increased utilization of tinted products will drive the innovation landscape
China automotive glass market from OEM is estimated to witness over 7% growth up to 2024. High consumer spending on vehicles accompanied by inclination towards luxury and super-cars are driving industry trends.
Complete report of Complete report on thin film battery market spread across 266 pages, profiling 26 companies and supported with 279 tables and 19 figures is now available at https://marketsizeforecasters.com/automotive-glass-market
Automotive glass market research report includes in-depth coverage of the industry with estimates & forecast in terms of area in million sq.m and revenue in USD billion from 2013 to 2024, for the following segments:
Automotive Glass Market By Product
• Laminated
• Tempered
Automotive Glass Market By Application
• Sidelite
• Backlite
• Windscreen
Automotive Glass Market By End-Use
• Aftermarket replacement glass (ARG)
• Original equipment manufacturer (OEM)
Automotive Glass Market By Vehicle
• Light commercial vehicle
• Heavy commercial vehicle
• Passenger cars
The above information has been provided for the following regions and countries:
North America
• U.S.
• Canada
• EU
• Germany
• UK
• France
• Italy
• Poland
• Russia
Asia Pacific
• China
• India
• Japan
• Malaysia
• Australia
• Thailand
• South Korea
Latin America (LATAM)
• Brazil
• Argentina
• Mexico
Middle East and Africa
• Saudi Arabia
• UAE
• South Africa
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