Global Automotive Glass Market size is expected to reach a market size of USD 28.93 billion by 2025, according to a new report by Grand View Research, Inc. Rapidly changing consumer demand has led to numerous advancements in the technology used in manufacturing. Increasing demand for sunroof over the past years has led to increase in utilization of the product.
The consumers’ high focus towards luxury is expected to propel innovation in vehicles. The automotive manufacturers now offer either built-in or optional sunroof systems, especially in mid and premium car segments. Value-added features and functions including electrically-switchable smart glass, water-repellent glass, and head-up display (HUD) have been developed in order to improve the energy efficiency and driving comfort & safety of the vehicles.
The high price of laminated glass coupled with high cost associated with the manufacturing of the product is likely to restrain the entry of new market players, thereby posing a significant challenge for the market over the forecast period. The majority of the manufacturers setup a float glass manufacturing facility near the production facility in order to ensure proper and timely supply of raw material. This increases the establishment cost for the manufacturers.
Access for full Detail of Report and Complete TOC: http://www.grandviewresearch.com/industry-analysis/automotive-glass-market
Further key findings from the report suggest:
View Blog on Automotive Glass Market by Grand View Research: http://www.grandviewresearch.com/research-insights/automotive-glass-market-insights-size-share
Grand View Research has segmented the global automotive glass market on the basis of product, application, end-use, vehicle type, and region:
Product Outlook (Volume, Million Square Meters; Revenue, USD Million;2014 – 2025)
Application Outlook (Volume, Million Square Meters; Revenue, USD Million;2014 – 2025)
End-Use Outlook (Volume, Million Square Meters; Revenue, USD Million;2014 – 2025)
Vehicle Type Outlook (Volume, Million Square Meters; Revenue, USD Million;2014 – 2025)
Regional Outlook (Volume, Million Square Meters; Revenue, USD Million;2014 – 2025)
Middle East & Africa
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