Automotive Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2028

 

Automotive glasses are vehicle aesthetics glass that protects passengers from harsh exterior environments such as rain, sun, and wind. Automotive glasses are designed to add minimal weight to the vehicle, withstand high external forces, and reduce strain on the vehicle. As a result, all of these features increase comfort and aid in protecting passengers from external environmental factors such as dust and wind.

Rapid growth in the transportation and logistics sectors has fueled the production of heavy-duty vehicles. Globally, rising disposable income and population have boosted automobile manufacturing and sales. The Automotive Glass Market's key factors are propelling the automotive glass market forward. Vehicle glass technology advancements enable cost and weight reductions while improving performance.

The increasing emphasis on lightweight cars as a result of rising harmful emissions from vehicles that have a negative impact on the environment drives glass penetration in the automotive industry. Automotive Glass Market production has fallen in the last two years, but it is expected to rise again in the second half of 2020. This expansion is attributed to the development of the automotive manufacturing sector, particularly in countries such as China and India, as a result of increased government initiatives regarding motor vehicle regulations.

The growing adoption of sunroofs/moonroofs in luxury cars in the region, combined with an increase in joint ventures with local and global players, is expected to be a key factor contributing to the growth of the Automotive Glass Market  in these two regions.

Passenger cars are expected to remain a high-volume segment in the automotive glass market, owing to the growing need for personal transportation from one location to another.

Key Players

Fuyao Group Automobile Glass Co., Ltd., Asahi Glass Company Ltd., Saint Gobain S.A., Nippon Sheet Glass Co., Ltd., Magna International, Inc., Xinyi Glass Holdings Ltd., and Gentex Corporation are key players in the global automotive glass market.

 

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