Automotive Glass Market Expected to Jump 65.82 Billion USD by 2020

The report Automotive Glass Market - Forecast to 2020” defines and classifies the glass market for the automotive industry in terms of volume and value. The report projects the potential growth and covers the drivers, restraints, opportunities, market dynamics, competitive landscape, and other key aspects of the automotive glass market. It also includes profiles of key players operating in the market.

Browse 78 tables and 79 figures spread through 180 Pages and in-depth TOC on "Automotive Glass Market - Forecast to 2020"

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Glass: The market size for glass in automotive industry is projected to grow at a CAGR of 5.74%, to reach USD 65.82 Billion by 2020.

North America: Highest-growing market for automotive glass

The North American automotive industry is potentially poised for growth and profitability. The North American automotive industry is considered one of the fastest-growing industries from all regions with a vehicle production growth rate of 5.6% from 2013 to 2014. The North American market includes the U.S., Canada, and Mexico and is dominated by domestic OEMs such as Ford Motors Co. (U.S.), General Motors Co. (U.S.), and Fiat-Chrysler Automotive (U.S.), along with established European and Japanese OEMs. Domestic demand has increased, which has led to a rise in production levels. The production of light commercial vehicles has also grown rapidly in the North American region, at a rate of 9.7% from 2013 to 2014. The market is estimated to grow during the forecast period, which will consequently fuel the demand for automotive glass.
Companies such as Gentex Corporation (U.S.) and Magna International (Canada) are other leading manufacturers of automotive smart glass.

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Automotive smart glass – a market with major opportunities

The smart glass in automotive industry is used to reduce heating/cooling load, lighting load, and optimize natural light. Smart glass with auto dimming properties has drawn the attention of the automotive industry. Automatic glazing adjustment is one of the properties of the automotive smart glass, which helps enhance driver safety and provides a clear view while driving at night. Electrochromic and Suspended Particle Device (SPD) glass are projected to have huge demand in the next five years (2015 to 2020) as the degree of customization is highest in these two technologies and the cost of these technologies is expected to decrease in the future, considering advancements in technology & increasing demand due to a rise in awareness among the end-users.

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