Apr 5, 2018   SOURCE: BusinessWire

Global Automotive Glass Market Analysis & Forecasts 2018-2025 - Increasing Applications of Glass & Penetration of Smart Glass are Driving the Market - ResearchAndMarkets.com

The "Automotive Glass Market by Type, Application, Material, ICE & EV, Aftermarket, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The value of the automotive glass market projected to grow at a CAGR of 4.8% from 2017 to 2025, growing from USD 16.21 Billion in 2017 to reach a market size of USD 23.59 Billion by 2025.

Increasing vehicle production, especially the SUV segment, and increasing glass applications as well as average area per car are some of the key factors fueling the glass demand in the automotive industry. Additionally, safety regulations related to glass, demand for light weight glass, upcoming smart glass technologies that enhance visibility and provide protection from UV rays are few other factors influencing the demand of glass in the automotive industry.

Laminated glass is the fastest growing segment globally. Laminated glass has major application in the vehicle windshield. Laminated side glazing in automobiles is one of the most desired automotive technologies. Some European OEMs such as BMW and Mercedes have standardized side glazing in some of their top selling models. It provides enhanced safety to passengers in case the vehicle rolls over in an accident.

Asia Oceania is estimated to be largest automotive glass market and is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the improving socio-economic conditions in emerging countries such as China and India. China, Japan, and India are among the top five passenger vehicle manufacturers in the world.

The automotive glass market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the market are Saint-Gobain (France), Asahi Glass (Japan), Fuyao Glass (China), Samvardhana Motherson (India), Webasto (Germany) and Nippon Sheet Glass (Japan).

Market Dynamics

Drivers

  • Increasing Applications of Glass & Penetration of Smart Glass are Driving the Global Automotive Glass Market
  • OE Fitted Laminated Side Glazing to Fuel the Market for Laminated Glazing

Restraints

  • High Initial Capital Cost Required for Setting Up Automotive Glass Plant Restricts Geographic Expansion
  • Polycarbonate Glazing as an Alternative to Glass

Opportunities

  • Smart Glass: Lightweight & Energy Efficient
  • Device Embedded Glass

Challenges

  • Low Cost of Glass in Independent Aftermarket (IAM)
  • Optimum Thickness and Strength

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Automotive Glass Market, by Glass Type

7 Automotive Glass Market, by Application

8 Automotive Glass Market, by Vehicle Type

9 Electric & Hybrid Vehicle Glass Market, by Region

10 Automotive Glass Market, by Material Type

11 Automotive Smart Glass Market, by Technology

12 Automotive Smart Glass Market, by Application

13 Device Embedded Glass Market, by Application

14 Automotive Glass Aftermarket, by Vehicle Type

15 Automotive Glass Market, by Region

16 Competitive Landscape

17 Company Profile

  • Asahi Glass
  • Corning
  • Fuyao Glass
  • Gentex
  • Magna
  • NSG
  • Saint-Gobain
  • Samvardhana Motherson
  • Webasto
  • Xinyi Glass

For more information about this report visit https://www.researchandmarkets.com/research/b9f43d/global_automotive?w=4