Automotive Glass Market Is Expected To Reach 65.82 Billion by 2020


Posted October 21, 2015 by mayurmnmemp

Global automotive glass market is projected to grow at a promising CAGR of 5.74% during the forecast period, to reach $65.82 Billion by 2020.

 
The report “Automotive Glass Market by Vehicle & Glass Type (Tempered, Laminated, & Other), Smart Glass Market by Technology (Active and Passive), Application (Sunroof, Windshield, Sidelites /Backlites, & Side View/Rearview Mirrors), & by Region - Forecast to 2020” defines and classifies the glass market for the automotive industry in terms of volume and value. The report projects the potential growth and covers the drivers, restraints, opportunities, market dynamics, competitive landscape, and other key aspects of the automotive glass market. It also includes profiles of key players operating in the market.

Browse 78 tables and 68 figures spread through 191 Pages and in-depth TOC on "Automotive Glass Market by Vehicle & Glass Type (Tempered, Laminated, & Other), Smart Glass Market by Technology (Active and Passive), Application (Sunroof, Windshield, Sidelites /Backlites, & Side View/Rearview Mirrors), & by Region - Forecast to 2020"

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Glass: The market size for glass in automotive industry is projected to grow at a CAGR of 5.74%, to reach USD 65.82 Billion by 2020.

North America: Highest-growing market for automotive glass
The North American automotive industry is potentially poised for growth and profitability. The North American automotive industry is considered one of the fastest-growing industries from all regions with a vehicle production growth rate of 5.6% from 2013 to 2014. The North American market includes the U.S., Canada, and Mexico and is dominated by domestic OEMs such as Ford Motors Co. (U.S.), General Motors Co. (U.S.), and Fiat-Chrysler Automotive (U.S.), along with established European and Japanese OEMs. Domestic demand has increased, which has led to a rise in production levels. The production of light commercial vehicles has also grown rapidly in the North American region, at a rate of 9.7% from 2013 to 2014. The market is estimated to grow during the forecast period, which will consequently fuel the demand for automotive glass.
Companies such as Gentex Corporation (U.S.) and Magna International (Canada) are other leading manufacturers of automotive smart glass.

Automotive smart glass – a market with major opportunities
The smart glass in automotive industry is used to reduce heating/cooling load, lighting load, and optimize natural light. Smart glass with auto dimming properties has drawn the attention of the automotive industry.
Automatic glazing adjustment is one of the properties of the automotive smart glass, which helps enhance driver safety and provides a clear view while driving at night. Electrochromic and Suspended Particle Device (SPD) glass are projected to have huge demand in the next five years (2015 to 2020) as the degree of customization is highest in these two technologies and the cost of these technologies is expected to decrease in the future, considering advancements in technology & increasing demand due to a rise in awareness among the end-users.

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Issued By mayurmnmemp
Website Automotive Glass Market worth 65.82 Billion USD by 2020
Phone 18886006441
Business Address Markets and Markets, UNIT no 802, Tower no. 7, SEZ Magarpatta city, Pune, Maharashtra 411013, India
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Categories Automotive , Business , Reports
Tags automotive glass market
Last Updated October 21, 2015