Automotive Glass Market Is Driving Business Growth With Various Emerging Technology Till 2027
Category: #business  By Rahul Varpe  Date: 2022-08-03
  • share
  • Twitter
  • Facebook
  • LinkedIn
Automotive Glass Market Is Driving Business Growth With Various Emerging Technology Till 2027

The automotive glass market is projected to witness substantial growth by 2027, registering a notable CAGR through the forecast period. Increasing market adoption, especially in regions with adverse climate conditions, is expected to drive industry growth in the coming years.

Get a free sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1087

Automotive glass is crucial in vehicles to offer the driver a clear and undistorted view of the road and any other hurdles in their surroundings. It is especially beneficial for driving in adverse weather conditions.

Extreme weather conditions like rain, sun, dust, and fog can disrupt the driver's ability to drive safely. Therefore, in such cases, automotive glasses are vital.

For instance, in foggy weather, defogger automotive glasses help drivers drive safely and securely. Defogger glasses offer clear visibility to drivers by removing ice and condensation from the backlite. These glasses collect snow to allow the wiper to move freely, making it easy to drive after a snowfall.

Similarly, high temperatures, strong winds, and sun glare can also affect the driver's ability to see the road clearly. Driving towards the sun can lead to distorted road visibility.

In such cases, specialized glasses have superior heat absorption properties that keep the temperature inside the car cooler. This reduces the load on the car's AC unit and improves the vehicle's fuel efficiency.

Thus, vehicle owners opt for automotive glasses that can help them view the road clearly and minimize the risk of accidents, which is projected to boost market adoption over the projected timeframe.

The automotive glass market has been segmented based on product, application, end-use, vehicle, and region.

In terms of application, the market has been divided into sidelite, backlite, and windscreen. The backlite sub-segment is anticipated to observe significant growth in the assessment period owing to increasing initiatives taken by industry players to enhance visibility in all weather conditions.

On the basis of end-use, the market has been bifurcated into OEM, aftermarket, and passenger cars. The passenger cars sub-segment is expected to witness robust growth through the forecast period due to surging product demand in developing economies.

Escalating vehicle adoption driven by rising disposable income, especially in emerging nations, is expected to boost passenger cars penetration in the automotive glass market over the analysis timeframe.

From the regional perspective, the Latin America market is slated to observe sizable growth at a CAGR of 6.0% over the projected timeframe. Growing middle class population in the region, coupled with rising income levels, is expected to foster automotive glass market outlook in the following years.

On the other hand, the Middle East & Africa market is expected to witness robust growth at a 5.0% CAGR through the analysis timeframe.

Request for Customization@ https://www.gminsights.com/roc/1087

Increasing investment, supported by favorable government policies in the region to reduce the dependence on an oil-based economy, is projected to propel industry growth through the analysis period.

Report Content

Chapter 1   Methodology and Scope

1.1    Market definition

1.2    Base estimation & working

1.2.1    North America

1.2.2    Europe

1.2.3    Asia Pacific

1.2.4    Latin America

1.2.5    Middle East & Africa

1.3    Forecast calculation

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid sources

1.4.2.2    Public sources

Chapter 2   Executive Summary

2.1    Automotive glass industry 3600 synopsis, 2017 - 2027

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Application trends

2.1.4    End-use trends

2.1.5    Vehicle trends

2.1.6    Regional trends

Chapter 3   Automotive Glass Industry Insights

3.1    Industry segmentation

3.2    COVID-19 impact on industry landscape

3.3    Industry ecosystem analysis

3.3.1    Raw material suppliers

3.3.2    Manufacturers

3.3.3    Profit margin analysis

3.3.4    End-use analysis

3.3.4.1    OEM

3.3.4.2    Aftermarket

3.3.4.3    E-commerce

3.3.5    Value chain disruption due to COVID-19

3.3.6    Vendor matrix

3.4    Technology landscape

3.4.1    Float glass technology

3.4.2    Computerized process control

3.4.3    Vertically fired furnaces

3.4.4    Acoustic windshield for cars

3.4.5    Water repellent glass for side windows

3.5    Automotive production, by region

3.5.1    North America

3.5.2    Europe

3.5.3    APAC

3.5.4    LATAM

3.5.5    MEA

3.6    Pricing analysis (including COVID-19 impact)

3.6.1    Regional pricing

3.6.1.1    North America

3.6.1.2    Europe

3.6.1.3    APAC

3.6.1.4    LATAM

3.6.1.5    MEA

3.7    COVID-19 impact on automotive industry

3.8    Regulatory landscape

3.9    Industry impact forces

3.9.1    Growth drivers

3.9.1.1    Technological advancement in automotive industry for enhanced safety

3.9.1.2    Increasing automotive production

3.9.1.3    Refurbished vehicles industry growth

3.9.2    Industry pitfalls & challenges

3.9.2.1    Fluctuating prices and raw material demand & supply gap

3.9.2.2    Intensive capital investment and product certification

3.10    Innovation and sustainability

3.10.1    Smart glass technology

3.10.2    Gorilla glass technology

3.11    Growth potential analysis

3.12    Porter's analysis

3.12.1    Buyer power

3.12.2    Supplier power

3.12.3    Industry rivalry

3.12.4    Threat of substitutes

3.12.5    Threat of new entrants

3.13    Competitive landscape, 2020

3.13.1    Company market share, 2020

3.13.2    Key stake holders

3.13.3    Strategy dashboard

3.14    PESTEL analysis

Get Complete Synopsis of the Report @ https://www.gminsights.com/toc/detail/automotive-glass-market
 

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

Read More >>

More News By Rahul Varpe

Construction Site Preparation Equipment Market : Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast
Construction Site Preparation Equipment Market : Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast
By Rahul Varpe

The construction site preparation equipment market is expected to grow substantially by 2028 on account of rising number of public infrastructure development projects worldwide. In addition, increasing investments towards R&D activities from manu...

Concrete Chain Saw Market Global Industry Analysis, By System, Growth Potential, Share, Top Key Players, Trends & Forecast
Concrete Chain Saw Market Global Industry Analysis, By System, Growth Potential, Share, Top Key Players, Trends & Forecast
By Rahul Varpe

The concrete chain saw market is slated to witness exponential growth by 2028 on account of the booming construction and building maintenance sector around the world. In addition, growing awareness regarding the benefits of using a concrete chainsaw ...

Stand Tile Saw Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast
Stand Tile Saw Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast
By Rahul Varpe

The stand tile saw market is poised to expand substantially by 2028 on account of burgeoning number of construction activities around the globe. In addition, rapid urbanization and rising consumer spending across key regions are likely to further pro...