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Automotive Glass Market Size

Report ID: GMI1087
Published Date: May 2021
Report Format: PDF

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Automotive Glass Market Size

Automotive Glass Market size exceeded USD 7.34 billion in 2020 and will grow at a CAGR of 5.7% from 2021 to 2027. The growing demand for automotive and rising sales from the aftermarket will create various opportunities for the automotive glass industry

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The growing automotive production is projected to drive the automotive glass industry. The global automotive production in 2019 was over 92.5 million units, according to the European Automobile Manufacturers Association. Automotive glass has evolved from providing safety to increasing aesthetic looks. Customers are increasingly looking for automotive that can not only protect them from the outside environment but also aid in UV protection, dirt protection, etc. Replacement and repair of automotive glass must be done by following the guidelines set by OEM manufacturers, which help in maintaining the integrity and rigidity of the automotive glass.

Automotive Glass Market Report Attributes
Report Attribute	Details
Base Year:	2020
Automotive Glass Market Size in 2020:	7,343.0 Million (USD)
Forecast Period:	2021 to 2027
Forecast Period 2021 to 2027 CAGR:	5.7%
2027 Value Projection:	11,266.5 Million (USD)
Historical Data for:	2017 to 2020
No. of Pages:	250
Tables, Charts & Figures:	310
Segments covered:	Product, Application, End-Use, Vehicle and Region
Growth Drivers:	Technological advancement in automotive industry for enhanced safety Increasing automotive production Refurbished vehicles industry growth
Pitfalls & Challenges:	Fluctuating prices and raw material demand & supply gap Intensive capital investment and product certification

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Fluctuating costs of raw materials, such as soda ash and limestone, along with bottlenecks in the supply chain networks, such as increased import duty and tariffs, might hinder the market growth.

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

Automotive glass market size had surpassed USD 7.34 billion in 2020 and will witness a CAGR of 5.7% through 2027 owing to increasing demand for automobiles and rising sales from the aftermarket.

Sidelite application segment will register around 6.5% CAGR through 2027 with the ability to protect the automotive occupant from wind, debris, harsh environment, sun rays, U.V. radiation, etc.

Passenger car automotive glass segment will observe a CAGR of above 6% up to 2027 with higher income levels, growing middle-class population, and easy reimbursement of loans in several emerging economies.

Tempered glass segment had held more than 35% of the market share in 2020 owing the material’s high rigid strength, which protects the vehicle occupant during an accident.

Automotive glass market in Asia Pacific had held a global share of over 45% in 2020 on account of the presence of numerous automotive glass manufacturers and growing automotive production.