On the contrary, Asia Pacific automotive glass market is projected to record extensive growth in the coming years. Growing presence of automobile industries across nations like Indonesia, China, India, Japan, Taiwan, and Malaysia may boost product demand. Abundant availability of economic resources that aid in assembling and manufacturing of automobiles may foster regional industry outlook in the forthcoming years.
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On the other hand, defogger glasses are slated as an essential accessory for vehicles travelling through extreme weather conditions. It allows drivers to have a clear sight of vision as it helps remove ice and condensation from a vehicle’s backlite.
A sizeable growth in automotive glass market is anticipated from the aftermarket replacement glass industry. Rise in insurance claims following accidents would increase product penetration. However, aftermarket glass are required to compile with government set safety regulations. For instance, U.S. regulations restrict the use of substandard glass in major components like rear windows, side windows, and windshields in SUVs, vans and cars.
The automotive glass market is expected to reach USD 14.9 billion by 2026. Growing preference towards lightweight vehicle components is projected to drive automotive glass demand. Lightweight components play a major role in improving a vehicle’s performance efficiency. The automotive glass industry is focused on providing more lightweight and safe glasses to vehicle manufacturers.
Benefits like enhanced fuel efficiency and potential weight savings abilities will massively aid industry expansion. Increasing quality control measures as well as attempts to reduce production costs may further encourage product integration.
Long term supply contracts with raw material vendors is anticipated to foster inventory management and consistent production. Presence of multiple raw material suppliers in the industry will favor manufacturers in the automotive glass market. Moreover, surging production and sales of electric vehicles that incorporate high-end automotive glasses may generate new growth prospects in the overall automotive glasses industry over the projected timeframe.
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Some Point Form TOC:
Chapter 6. Automotive Glass Market, By Application
6.1. Global automotive glass industry share by application, 2019 & 2026
6.2.1. Global market estimates and forecasts, 2016-2026
6.2.2. Market estimates and forecast, by region, 2016-2026
6.3.1. Global market estimates and forecasts, 2016-2026
6.3.2. Market estimates and forecast, by region, 2016-2026
6.4.1. Global market estimates and forecasts, 2016-2026
6.4.2. Market estimates and forecast, by region, 2016-2026
Chapter 7. Automotive Glass Market, By Vehicle
7.1. Global automotive glass industry share by vehicle, 2019 & 2026
7.2. Passenger cars
7.2.1. Global market estimates and forecasts, 2016-2026
7.2.2. Market estimates and forecast, by region, 2016-2026
7.3.1. Global market estimates and forecasts, 2016-2026
7.3.2. Market estimates and forecast, by region, 2016-2026
7.4.1. Global market estimates and forecasts, 2016-2026
7.4.2. Market estimates and forecast, by region, 2016-2026
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