Automotive Glass Market Research Report – Forecast to 2023, by type (Tempered glass, Laminated glass), by vehicle type (Passenger car, Light commercial vehicle, Heavy Commercial vehicle), By Application (Windscreen, Sidelite, Backlite, Sunroof) and Region – Forecast 2017-2023. Automotive Glass Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends.
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The growth of automotive industry leads to the increased demand for automotive glass market. Rising production and sales of vehicles are likely to result in increased usage of the automotive glass. Factors such as the growing demand for luxury and value added features such as electronically switch abled smart glasses and other are some of the factors driving the automotive glass market. Additionally, benefits such as thermal comfort and noise reduction offered by these will enhance automotive glass market. Moreover, the rising need for weight reduction in cars, is expected to fuel the demand for ultra-thin & tough windshield glasses for sophisticated vehicle models.
In spite of these factors, the auto glass market growth could be restrained by the factors such as higher manufacturing prices of auto glass, fluctuating prices of glass raw materials, and underdeveloped aftermarket services in major countries. Whereas, the major factor that has been a challenge for the automotive glass industry is the government regulations over automotive glass certification. The automotive glass needs to clear all the certification process led by government and transportation department. However, several manufacturers face various difficulties in getting NOC from these departments. Moreover, the manufacturers need to obtain these certificate to sell or export their products to other countries such as US’s DOT, China’s CCC, Brazil’s INMETRO, Japan’s JAS, India’s RTO and among others. Therefore, owing to this factors, the market has faced various challenges that could obstruct the market growth.
Key Players:
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. (Japan), Saint Global S.A. (France), Olimpia Auto Glass Inc. (Turkey) and Shatterprufe (South Africa) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive Glass Market.
Whereas, high cost associated with manufacturers, and lack of awareness about usability & benefits, hamper the growth of the market significantly. The market is expected to reach market size of 28,135.7 million by the end of forecast period with CAGR 7.73% between 2017 and 2023.
List Of Tables:
Table 1 Global Automotive Surround View Systems Market By Region, 2017-2023
Table 2 North America Automotive Surround View Systems Market By Country, 2017-2023
Table 3 Europe Automotive Surround View Systems Market By Country, 2017-2023
Table 4 Asia Pacific Automotive Surround View Systems Market By Country, 2017-2023
Table 5 RoW Automotive Surround View Systems Market By Country, 2017-2023
Continued…
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