Global Glazing for Automotive Market, By Off-Highway Vehicle (Construction Equipment, Agricultural Tractors), Electric Vehicle (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV)), Type (Single Glazing, Double Glazing, Triple Low-E Glazing), Application (Windscreen, Sidelite, Backlite, Rear Quarter Glass, Sunroof, Front Lighting, Rear Lighting, Front Windshield, Rear Windshield), Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Truck, Bus), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029.
Market Analysis and Insights of Glazing for Automotive Market
Data Bridge Market Research analyses that the glazing for automotive market would exhibit a CAGR of 7.85% for the forecast period of 2022-2029. Growing adoption of sunroof and rear quarter glass-equipped premium vehicles such as sedan especially in the developing economies, increased adoption of advanced automotive manufacturing technologies, growth and expansion of automotive industry especially in the developing economies and rising level of investment by the major market players for more innovation are the major factors attributable to the growth of glazing for automotive market. Therefore, the market value would stand tall by USD 3.62 billion by 2029.
Automotive glazing is the application of laminated and tampered polycarbonate glass on the rear and front wind shield to enable greater visibility to the driver. It further helps in providing wind and sound resistance while driving.
Growth in the level of investments for research and development activities, growing demand of light as well as heavy commercial vehicles and upsurge in the public and private partnership for the development of automotive infrastructure will foster in growth in the market value. Rising need safety, security, and comfort while driving, growing prevalence of product with superior appearance and high performance and surging investment for the development of improved infrastructure will also create lucrative growth opportunities for the market. Growing use of polycarbonate glazing due to its lightweight properties and increasing passenger population will also foster the market growth.
However, lack of technological expertise in the developing and underdeveloped economies and volatile and high cost of polycarbonate market will pose a major challenge to the market growth rate. High costs involved with technological innovations and research and development proficiencies, increasing need of high capital investment and dearth of required advanced infrastructural facilities in the underdeveloped regions will hamper the market growth rate. Further, scratch prone property and low visibility of polycarbonate material over automotive glass will also restrict the scope of growth for the market.
This global glazing for automotive market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on glazing for automotive market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Glazing for Automotive Market Scope and Market Size
The global glazing for automotive market is segmented on the basis of off-highway vehicle, electric vehicle, type, application and vehicle type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- The glazing for automotive market on the basis of off-highway vehicle has been segmented as construction equipment, and agricultural tractors.
- Based on electric vehicle, the glazing for automotive market has been segmented into battery electric vehicle (BEV), hybrid electric vehicle (HEV), and plug-in hybrid electric vehicle (PHEV).
- On the basis of type, the glazing for automotive market has been segmented into single glazing, double glazing, and triple low-e glazing.
- On the basis of application, the glazing for automotive market has been segmented into windscreen, sidelite, backlite, rear quarter glass, sunroof, front lighting, rear lighting, front windshield, and rear windshield.
- Automotive glazing has also been segmented on the basis of vehicle type into passenger car, light commercial vehicle (LCV), truck, and bus.
Glazing for Automotive Market Country Level Analysis
The global glazing for automotive market is segmented on the basis of off-highway vehicle, electric vehicle, type, application and vehicle type.
The countries covered in the glazing for automotive market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa.
Asia-Pacific region dominates the glazing for automotive market and will continue to flourish its trend of dominance during the forecast period owing to the surging demand for passenger vehicles, growing investment by the government for the development of transport infrastructure, rising disposable income of the people in India and China, growing urbanization and industrialisation and growth and expansion of automotive industry in this region.
The country section of the glazing for automotive market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Glazing for Automotive Market Share Analysis
The glazing for automotive market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to glazing for automotive market.
Some of the major players operating in glazing for automotive market are Covestro AG, freeglass, SABIC, Webasto Thermo & Comfort, Trinseo., TEIJIN LIMITED., Xinyi Glass Holdings Limited., AGC Inc, Guardian Industries Holdings Site., Nippon Sheet Glass Co., Ltd, fuyaogroup, Saint-Gobain, Sumitomo Corporation, Evonik Industries AG, Corning Incorporated, Dongguan Benson Automobile Glass Co., Ltd, Sisecam, Vitro, PPG Industries, Inc., and Magna International Inc., among others.
SKU-