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This report comprises comprehensive information on Automotive Glass Market Forecast data up to 2023, with historic and current market information. Automotive Glass Industry analysis done by type (Tempered glass, Laminated glass), vehicle type (Passenger car, Light commercial vehicle, Heavy Commercial vehicle), Application (Windscreen, Sidelite, Backlite, Sunroof) and Region.Global Automotive Glass Market Highlights:
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. The automotive manufacturers have seen a drastic rise in the sales of new vehicles in the last few years, which has resulted in increasing vehicles production. Owing to this, the demand for auto glass from the auto manufacturers have put a pressure on the OEMs to increasing the glass production to meet the market demand. Moreover, the vehicle manufacturers along with auto glass OEMs are working together to make the auto glass much safer and stiffer.
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Automotive Glass Key Companies Studied in this report are: 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) and others.
As per the market study conducted by Market Research Future, the global market for Automotive Glass Market seems very broad and is expected to create lucrative opportunities in the forecast period. Many auto glass manufactures have come up with various technological advancements and key development which have pushed the market to an upper level. This market is majorly benefiting from the various driving factors such as continuously increasing sales of passenger cars, rising number of accidents, increasing research & development spending, government’s initiatives, on-going developments by the prominent auto glass manufacturers.
Additionally, the OEMs are focusing more on expansion of new plants in various countries to meet the demand. The other reason behind the increasing growth of auto glass is the rising number accidents. As per the data of National Highway Traffic Safety Administration of the United States, in 2015, the number of car accidents have reached 6.29 million. As a result, the demand for auto glass has increased at the time vehicle repair.
Automotive Glass Market Segments Analysis:
The scope of global Market is segmented into three major segments which are explained below:
By Glass Type:
Tempered Glass
Laminated Glass
By Vehicle Type:
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Application:
Windscreen
Sidelite
Backlite
Sunroof
By Region:
Asia-Pacific is a major revenue generator of the global Automotive Glass Market, where China, Japan and India are considered the prominent countries for the market, owing to the growing population, huge exports, rapid urbanization and technological advancements. Moreover, the rising preference for gorilla glass for high end premium vehicles, will create an opportunity for the specialized automotive market to meet the standard for the glass. North America is the second leading market of Automotive Glass and is estimated to grow at a CAGR of 7.19% during the forecast period.
Automotive Glass Market Research Methodology:
Market Research Future (MRFR) employs innovative statistical algorithms for gathering impactful market insights that can drive business decisions. An in-depth analysis of constantly evolving market trends combined with a study of historical data is leveraged for providing accurate competitive intelligence. The statistical observations made in our reports are backed by data procured through extensive primary and secondary research which include interviews with stakeholders, SEC filings, whitepaper references, annual reports of key players, etc. Top-down and bottom-up approaches are employed for authenticating the credibility of the market foresight delivered. A multi-layer verification process reaffirms the market size and revenue estimation. MRFR strives to provide reliable and transparent information that helps clients in developing growth strategies.
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4.1 Introduction
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
Continued…
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Organization: Market Research Future
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Website: https://www.marketresearchfuture.com/reports/automotive-glass-market-2045
Release ID: 457626
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