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Automotive glass market to witness strong growth till 2024, United States to be the major regional revenue driver

Author : Rahul Varpe | Published Date : 2019-08-06 

Global Market Insights add New Global Automotive Glass Market report provides in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, industry landscape, size and forecast, analysis, Key leading countries/Region.


The United States automotive glass market will show considerable growth owing to safety focused legal amendments such as United Nations Economic Commission for Europe (UNECE or ECE) & Federal Motor Vehicle Safety Standards (FMVSS). These amendments are intended to ensure that the maximum fuel efficiency and safety features are given to the customers, leading manufactures to invest greatly in R&D. Another source of fuel for the segment is the unmatched production of vehicles in Asia-Pacific resulting from higher demand and tremendous FDIs supporting the industry. A significant amount of revenue is expected to be apportioned from light and heavy commercial segment owing to the rapid urbanization and the need for logistics in emerging economies.

Get a Sample Copy of this [email protected] https://www.gminsights.com/request-sample/detail/1087

A pivotal pointer to be registered in this case is that regulations governing regarding copyright and patent infringement may act as plausible restraints for automotive glass market growth from the aftermarket. This is because aftermarket products are likely to differ from the original products in terms of certain specifications, on account of the patent and copyright infringement laws. In most cases however, the product is manufactured with exactly the same size and shape as that of the original, though the color and thickness may vary.

As per authentic statistics, the overall sale of vehicles cars across the globe as on 2017 was around 97 million units. The number if expected to increase steadily in the years to come, welcoming alongside a whole lot of changes in automobile design, production, and fuel source. As hybrid and electric vehicles take more precedence than diesel cars, the demand for specialized glass will observe an even greater incline, pertaining to a stringent regulatory framework regarding user and vehicle safety. With the appreciable contribution of renowned companies such as Saint-Gobain, Nippon, & Guardian, striving to bring forth a slew of advanced products into the mainstream automotive arena, in conjunction with the changing consumer preference toward glazed glass incorporated with impact and scratch resistance, automotive glass market is likely to chart out a lucrative growth path in the years ahead.

To emphasize the significance of innovations in the automotive glass market, Glass Apps has introduced a leading smart glass technology which applies a Polymer Liquid Crystal film between two layers of glass and layers of conductive interlayers. Such a smart glass can help to alter the visual appearance of the windows as desired by changing the tint color and opacity by using electricity. It also diminishes the air-conditioning requirements as less sun-light enters the vehicle, limiting the carbon emissions. With the advent of smart technologies and consciousness of customers towards safer, more fuel-efficient vehicles has driven the research and development efforts globally and will provide an impetus to the automotive glass market. In terms of commercialization, the global renumeration portfolio is anticipated to cross USD 21 billion by 2024.

Browse key industry insights spread across 266 pages with 279 market data tables & 19 figures & charts from the report, “Automotive Glass Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-glass-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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