Title: Automotive Glass Market Analysis Report, Share, Growth, Trend, and Forecast, 2024: Global Market Insights Inc.
1Automotive Glass Market expected to grow
significantly
2Global Market Scenario of Automotive Glass Market
- Global automotive glass market share is
consolidated in nature with the presence of key
players including Saint Gobain Sekurit, AGC,
Nippon, Xinyi, Guardian and Fuyao accounting for
major industry share in 2017. Other notable
players include Magna International, Inc.,
Shenzhen Benson, PGW, Gentex Corporation and
Webasto. - Automotive Glass Market size is estimated to
surpass USD 21 billion by 2024 according to a
new research report by Global Market Insights,
Inc. - Rising automotive production across the globe in
conjunction with area of vehicle covered with
glass will drive the industry growth. Increasing
automotive glass consumption per vehicle due to
the change in car models has enhanced the
business growth. Inclination towards large
windscreen along with growing demand for sunroofs
will drive the automotive glass market size.
3Continue.....
Emerging technological advancements including
smart glass that ensures enhanced visibility,
protection from sunlight and improved comfort
will support the product penetration. Increasing
product usage with an aim to reduce weight and
improve fuel efficiency has positively influenced
industry growth. Transportation industry
expansion coupled with increasing production
capacity will fuel the product demand. Laminated
automotive glass market is estimated to generate
revenue over USD 11 billion by 2024. Prevention
from penetration, easy reparability, sound
proofing and clear visibility are the substantial
properties encouraging the product consumption.
Tempered product is 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.
4U.S. Automotive Glass Market, By Vehicle, 2017
2024, (USD Million)
5360 Analysis
Application Analysis Global sidelite automotive
glass market revenue share is predicted to hold
more than 63 over the study time span. Sidelite,
commonly referred as side window has witnessed
increasing consumption owing to the better
visibility property. Windscreen market is
predicted to exhibit CAGR of over 7 between 2018
and 2024. Stringent regulations by various
government authorities such as UNECE regulating
the standard for safety concerns, is boosting the
market share. The regulations include approval
process and standards to ensure the passenger
safety. Regional Analysis U.S. automotive
glass market size will grow at approx. 4 during
the forecast period. Rising demand from original
equipment is the key factor in light vehicles.
Stringent regulations regarding safety is
expected to drive the industry demand. OE along
with aftermarket industry adhering to the FMVSS
regulations including safety measures, strength,
and crash resistance. Competitive Market
Share Global automotive glass market share is
consolidated with the major industry players
including AGC, Saint Gobain Sekurit, Fuyao, NSG,
Nippon, and Guardian. Mergers and acquisitions
are the major strategies adopted by these
industry players.
6 Latest Research Report On Automotive Glass Market
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