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Automotive Glass Market May Witness Rapid Growth Till 2025 As Novel & Advanced Products Are Developed To Meet Consumer Demand: Grand View Research, Inc.

Automotive Glass Market May Witness Rapid Growth Till 2025 As Novel & Advanced Products Are Developed To Meet Consumer Demand: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to new report by Grand View Research, The global automotive glass market size was estimated at USD 15.79 billion in 2015 and is expected to reach USD 28.93 billion by 2025, increasing demand for value-added features and luxurious functionalities are expected to propel growth.

The global automotive glass market size is expected to reach a market size of USD 28.93 billion by 2025, according to a new report by Grand View Research, Inc. Rapidly changing consumer demand has led to numerous advancements in the technology used in manufacturing. Increasing demand for sunroof over the past years has led to increase in utilization of the product.

The consumers’ high focus towards luxury is expected to propel innovation in vehicles. The automotive manufacturers now offer either built-in or optional sunroof systems, especially in mid and premium car segments. Value-added features and functions including electrically-switchable smart glass, water-repellant glass, and head-up display (HUD) have been developed in order to improve the energy efficiency and driving comfort & safety of the vehicles.

The high price of laminated glass coupled with high cost associated with the manufacturing of the product is likely to restrain the entry of new market players, thereby posing a significant challenge for the market over the forecast period. The majority of the manufacturers setup a float glass manufacturing facility near the production facility in order to ensure proper and timely supply of raw material. This increases the establishment cost for the manufacturers.

Full research report on analysis: http://www.grandviewresearch.com/industry-analysis/automotive-glass-market

Further key findings from the report suggest:

  • Laminated glass is anticipated to witness significant growth over the forecast period as it is also being increasingly used in front side windows of the vehicles in order to increase the level of safety

  • Sidelite segment is expected to witness growth over the forecast period on account of increasing utilization of laminated glazing on the side windows particularly in Europe, Asia, and North America

  • Asia Pacific dominated the market in 2015 and is expected to witness the significant growth of over 7% from 2016 to 2024. The presence of numerous manufacturers including AGC, Fuyao Group, and NSG in the region is expected to have a positive impact on the market growth over the forecast period.

  • In August 2016, AGC Asahi Glass announced that its subsidiary, Asahi Automotive Europe, entered into a joint venture with Induver Holding, Morrocco. This venture led to the setup of company’s first product base in North Africa, thereby allowing ease in the supply of glass in the region.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber

Grand View Research has segmented the global automotive glass market on the basis of product, application, end-use, vehicle type,and region:

Product Outlook (Volume, Million Square Meters; Revenue, USD Million;2014 – 2025)

  • Tempered Automotive Glass

  • Laminated Automotive Glass

  • Other Automotive Glass

Application Outlook (Volume, Million Square Meters; Revenue, USD Million;2014 – 2025)

  • Windscreen

  • Sidelite

  • Backlite

End-Use Outlook (Volume, Million Square Meters; Revenue, USD Million;2014 – 2025)

  • OEM

  • ARG

Vehicle Type Outlook (Volume, Million Square Meters; Revenue, USD Million;2014 – 2025)

  • Passenger Car

  • Light Commercial Vehicle

  • Heavy Commercial Vehicle

Regional Outlook (Volume, Million Square Meters; Revenue, USD Million;2014 – 2025)

  • North America

    • U.S.

  • Europe

    • Germany

  • Asia Pacific

    • China

  • Latin America

    • Brazil

  • Middle East & Africa

Read Our Blog: http://www.grandviewresearch.com/blogs/advanced-materials

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Website: http://www.grandviewresearch.com/industry-analysis/automotive-glass-market

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