Different types of glasses are used to manufacture a car, such as windshields, glass roofs, side windows and rear windows, are collectively called automotive glass. With the increase in world population and the increase in disposable income, the automotive industry is booming. It is also expected that the highest concentration in the development of solid and light products for vehicles will open new opportunities for the market during the forecast period.
Automotive Glass Market Size and Growth Rate:
Automotive Glass Market was valued at USD 10220 Million in 2016 and expected to grow at a CAGR of 2.04% during the forecast period 2016 to 2022.
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Automotive Glass Market Growth Drivers and Restraints:
It is also expected that the highest concentration in the development of solid and light products for vehicles will open new opportunities for the market during the forecast period.
Automotive Glass Market Application insights:
Windshields accounted for the largest market share of more than 40% in 2015. The windshield is made of laminated glass, which is expensive compared to the hardened type. New technologies are being developed to improve the vehicle experience for customers, which should improve the use of glass in windshields over the next nine years.
Geographical Overview of Automotive Glass Market:
North America is expected to experience rapid growth in demand as a result of the increase in commercial vehicle manufacturing in the region. In addition, the demand for vehicles in the region has also grown rapidly in recent years, increasing growth for automotive glass market.
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Key Players of Automotive Glass Market:
Some of the leading market players of Automotive Glass Market are NSG, AGC, SAINT-GOBAIN, GUARDIAN, PGW, FUYAO, XINYI, Shanghai Yaohua, D.X.G, D.K.G and others.
Automotive Glass Market Segmentation:
By Product:
- Tempered Glass
- Laminated Safety Glass
By Application:
- Auto mobile
- Truck
- Motor car
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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