Automotive Glass Market

The Global Automotive Glass Market is expected to grow at a CAGR of 7.13% and reach a market size of $X.XX billion by the year 2020. The Automotive Glass market has been undergoing a lot of research and development recently. Most of the research has been directed at improving and making the smart glass applicable to the mainstream vehicles. It can be used to provide a head up display in the automobiles just like in a glass cockpit of a helicopter. This makes accessibility of all controls much easier, and also takes the ambience of the vehicle to a new level. Currently, use of smart glass is restricted to a few high-end vehicles, but with the gradual development of technology, even entry-level vehicles and commercial vehicles will adopt the smart glass, which will significantly increase the value of the market.

The high casualty rate in automobile accidents globally has put focus on automobile safety in recent times. This has emerged as a driver for the automotive glass market as automobile manufacturers are pushing the OEMs to manufacture glass of highest safety standards, for all automobile segments.

The major drivers in Europe and North America are the stringent regulations put in place by the Federal Motor Vehicle Safety Standards in the United States and by the European Union. The domestic automobile market in Mexico and other nations such as Cuba are expected to achieve significant rate of growth, which will also boost the glass market in the region.

Asia Pacific region will be the fastest growing market for Automotive Glass Market in the global scenario. Major reasons for the fast growth will be rising disposable income and the booming middle class. The middle class accounts for the bulk of the market share in any segment all over the world, and growth in any market is dependent on this segment. The fastest rising markets in the region are likely to be India, Vietnam, Indonesia and Philippines. China, despite a struggling economy will continue to be the driver of the market.

Saint Gobain, Nippon Sheet Glass, Asahi Glass are some of the important players in the Automotive Glass Market. The market has been segmented by type (Regular glass, smart glass), by application (sunroof, side view mirrors, windshield, sidelights, others), by vehicle type (passenger vehicles, commercial vehicles) and by Geography (North America, South America, Europe, Middle East & Africa and Asia Pacific).

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