Automotive Glass Market by Product, End-Users, Vehicle and Forecast to 2024: A USD 21 Billion Revenue Opportunity

Automotive Glass Market Revenue Generation Will Support by emerging smart glass technologies to improve sunlight protection, enhance visibility, and comfort.

Selbyville, Delaware - February 1, 2019 /MarketersMedia/ —

The Automotive Glass Market driven by inclination towards large windscreen along with growing demand for sunroofs. 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.

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.

Request for Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/1087

Backlite will observe gains around 5% in the coming years. Safe shattering, high impact resistance and superior defrosting properties are the driving factors for industry growth. Sidelite will witness strong growth owing to increasing technological advancement including solar control glass. Original Equipment Manufacturers (OEM) accounted for more than 80% of the overall industry share in 2017. Rising safety norms along with expansion in automotive industry are the factors surging industry growth.

The evolution of automotive designs with changing lifestyle preferences and industry outlooks has led to the augmented use of glass in vehicles. The utilization of vehicles in several capacities & terrains lead them to face potholes, rocks and common fender-benders apart from accidents. In this regard, the laminated glass market has gained substantial traction. In fact, the laminated glass industry held a revenue of USD 7 billion in 2017. The product is further anticipated to record significant growth rate, driven by its durability and ease of installation.

Automotive glass market draws sales from two essential distribution systems – the OEMs and the aftermarket. Driven by the rising concerns about safety, OEMs held more than 80% of automotive glass market share in 2017, emerging as the dominant segment. Automotive glass industry firms are known to establish partnerships with automakers in order to liaison with OEMs to ensure effective automotive assemblies. OEMs, also known to harness the latest technology as it lowers the production costs and improves capital productivity, will thus emerge as a lucrative distribution channel for automotive glass market firms in the years ahead.

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/1087

China has been forecast to be one of the countries across the APAC that would earn substantial revenue from OEMs. As per estimates, China automotive glass market size from OEMs will register a CAGR of 7% over 2018-2024. This growth may be credited to the increasing preference for luxury cars and the subsequently extensive spending on maintaining these vehicles.

Automotive glass market from light commercial vehicles will observe growth around 5% by 2024. 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 product demand.

Passenger vehicles automotive glass market will generate over USD 14 billion by 2024. Upsurge in demand for passenger cars particularly in the emerging countries owing to increased disposable income has stimulated industry growth. Attain fuel efficiency and reduce carbon emissions will trigger the product demand in this segment.

The U.S. automotive glass market from laminated product was worth more than USD 700 million in 2017. Stringent regulations for passenger safety in conjunction with consumer awareness pertaining superior quality glass capable of handling impact and bad weather will drive the regional demand. Shifting trends for supercars and modified cars with increased utilization of tinted products particularly in the U.S. is supporting product innovations. Large presence of the leading automobile manufacturers in Germany and Italy will favor the overall Europe automotive glass market growth.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/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.

Table of Contents (ToC) of the report:

Chapter 4. Automotive Glass Market, By Product
4.1. Global automotive glass market share by product, 2017 & 2024
4.2. Laminated
4.2.1. Global market estimates and forecasts, 2013 – 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3. Tempered
4.3.1. Global market estimates and forecasts, 2013 – 2024
4.3.2. Market estimates and forecast, by region, 2013 – 2024

Chapter 5. Automotive Glass Market, By Application
5.1. Global automotive glass market share by application, 2017 & 2024
5.2. Sidelite
5.2.1. Global market estimates and forecasts, 2013 – 2024
5.2.2. Market estimates and forecast, by region, 2013 – 2024
5.3. Backlite
5.3.1. Global market estimates and forecasts, 2013 – 2024
5.3.2. Market estimates and forecast, by region, 2013 – 2024
5.4. Windscreen
5.4.1. Global market estimates and forecasts, 2013 – 2024
5.4.2. Market estimates and forecast, by region, 2013 – 2024

Browse Complete Table of Content @ https://www.gminsights.com/toc/detail/automotive-glass-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: 4 North Main Street Selbyville, Delaware 19975 USA
Phone: 1-888-689-0688
Website: https://www.gminsights.com/pressrelease/automotive-glass-market

Source URL: https://marketersmedia.com/automotive-glass-market-by-product-end-users-vehicle-and-forecast-to-2024-a-usd-21-billion-revenue-opportunity/478121

Source: MarketersMedia

Release ID: 478121