With Production of Automotives on the Rise, the Automotive Glass Market to Flourish!
An increase in the production of vehicles, especially the growing demand for luxury vehicles all over, would be driving the automotive glass market, as stated by Persistence Market Research.
Automotive Glass Market Dynamics
The global automotive glass market, by application, spans windshields, back glass, door glass, quarter glass, vent glass, and moon/sunroofs. By type of glass, it’s tempered glass and laminated glass. By sales channel, it’s OEM (Original Equipment Manufacturers), OES (Original Equipment Suppliers), and the independent aftermarket. By type of vehicle, it’s passenger vehicles (compact, mid-size, luxury, and SUV), light commercial vehicles (LCV), heavy commercial vehicles (HCV), and electric vehicles (battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles). Persistence Market Research has highlighted these facts with prospects in its latest market study entitled “Automotive Glass Market”.
Region-wise Analysis
The Asia-Pacific is the highest contributor to the automotive glass market in terms of revenue. India and China are the torchbearers. These two countries are witnessing an increased production of vehicles and their spare parts. This, in turn, asks for a greater volume of glass, especially for SUVs. Europe stands second. This could be reasoned with stern regulations regarding vehicular safety. North America is going steady in the automotive glass market and the scenario is expected to remain the same even in the forecast period. This could be attributed to the earlier adoption of advanced techniques for glass gazing. Persistence Market Research has etched these facts with insights in its latest market study entitled “Automotive Glass Market”.the
Competitive Glass
Persistence Market Research has profiled the key players in the automotive glass market as Saint Gobain Sekurit, Fuyao Glass Industry Group Co. Ltd., AGC Inc., Xinyi Glass Holdings Ltd., Nippon Sheet Glass Co. Ltd., Magna International Inc., Guardian Glass LLC, Webasto Group, Corning Inc., and Schott AG.
Persistence Market Research has also mentioned the latest developments on this count. For instance – Wideye, in May 2021, did announce the creation of Wideye Rhino, which was inclined towards the development of sensor protection glass solutions for various non-automotive applications. NSG Group, in October 2020, tabled its windshield HUD (Head-Up Display) technology to be installed in GM’s new-fangled, full-size SUVs, namely the 2021 Cadillac Escalade/Escalade ESV, 2021 Chevrolet Tahoe and Suburban, and the 2021 GMC Yukon/Yukon XL models. AGC Inc., in September 2020, did launch Curved-large cover glass for the car-mounted displays in Cadillac’s Luxury SUV, the novel 2021 Escalade. It’s being used as protecting surface glass for the very first curved P-OLED (Plastic OLED) display that has been supplied by LG Electronics and LG Display. AGC Inc., in June 2020, came up with light control glass called “WONDERLITETM Dx”. It has been implemented for Toyota’s new Harrier’s panoramic sunroof. It has been on sale since June 17, 2020.
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