Press release
Automotive Glass Market To Cross USD 28,135.7 Million By 2023
Automotive Glass Market
The global market of automotive glass is growing rapidly. Focus towards improved efficiency, and technological advancement makes automotive glass popular among manufacturers and consumers. Automotive glass accounts for features such as safety, comfort and thus could conveniently be used in industries. Research and development into automotive glass manufacturers so as to introduce innovative features in automotive glass is a trend. With several driving factors such as the growing demand of passenger vehicles, growing urban population, increasing environment concerns, and rising disposable income of middle class population, the global automotive glass market is poised to grow over USD 28,135.7 million by 2023 at an estimated CAGR of 7.73% through the forecast period.
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Key Players of Automotive Glass Market:
• Nippon Sheet Glass Co. Ltd (Japan)
• Vitro, S.A.B. de C.V. (Mexico)
• Xinyi Glass Holdings Limited (Hong Kong)
• Guardian Industries Corp (U.S.)
• Fuyao Glass Industry Group Co.Ltd (China)
• Asahi Glass Co., Ltd. (Japan)
• Central Glass Co. Ltd (Tokyo)
• Saint Global S.A. (Paris)
• Olimpia Auto Glass Inc.( Turkey)
• Shatterprufe (South Africa)
Market Research Future Analysis:
Market Research Future analysis states that the global market of automotive glass market is estimated to grow at USD 28,135.7 million by the end of year 2022. Windscreen consumes the largest area in automotive vehicles. However, the demand of automotive glass for windscreen is much higher as compared to other application. Windscreen segment dominates the global automotive glass market with a share of 38.7 % in 2016, in terms of value. It is expected to grow at a CAGR of 8.01% during the forecast period. Changing life styles, and urbanization are some of the major factors driving the market of automotive glass. Rising preference for gorilla glass for high end premium vehicles replacing the traditional concepts and is more useful, comfortable, faster and more convenient. The Asia-Pacific market is leading the global automotive glass market whereas the market in North America & Europe is expected to grow rapidly due to increased domestic demand for automotive glass.
Brief TOC:
1 Executive Summary
2 Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.2.1 Increase in Sales of New Vehicles
4.2.2 Increasing Focus on R&D for Automotive Glass
4.2.3 Accelerating urbanization led to growth of automobile industry
4.3 Market Restraints
4.3.1 Higher Cost of Smart Glass
4.3.2 Strict Government regulation for Certification of Automotive Glass
4.4 Market Opportunities
4.4.1 Advanced Automotive Industry Technology
4.4.2 Rising Preference for Gorilla Glass for High End Premium Vehicles
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