SAN FRANCISCO, December 13, 2016 /PRNewswire/ --
The 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.
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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-repellant 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.
Browse full research report with TOC on "Automotive Glass Market Analysis By Product (Tempered, Laminated), By Application (Windscreen, Sidelite), By End-Use (OEM, ARG), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), And Segment Forecasts, 2014-2025" at: http://www.grandviewresearch.com/industry-analysis/automotive-glass-market
Further key findings from the report suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the global automotive glass market on the basis of product, application, end-use, vehicle type, and region:
Read Our Research Insight - http://www.grandviewresearch.com/research-insights/automotive-glass-market-insights-size-share
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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