$2.81 billion Growth in automotive glass market size due to increased demand for premium vehicles and sunroofs

NEW YORK, August 29, 2022 /PRNewswire/ — “Automotive glass market “2022-2026 Forecast and Analysis Report” has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth differential for The automotive glass market1 between 2020 and 2026 is $2.81 billion, according to the latest market analysis report from Technavio. Technavio categorizes the global automotive glass market as part of the global automotive components and accessories market within global auto components market. Our report provides extensive information on the value chain analysis for the Automotive Glass market, which vendors can use to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors increase costs and improve customer services during the forecast period. of increased demand for premium vehicles and sunroofs is one of the major factors expected to positively influence the market growth during the forecast period. Except this, the growing popularity of innovative automotive glass is a key trend of the automotive glass market that is expected to have a positive impact in the coming years. However, sharp decline in automobile production and sales will be a major challenge for the automotive glass market during the forecast period.

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Market segment highlights:

The Automotive Glass market report is segmented by Application (Passenger Cars, Light Commercial Vehicles and Medium and Heavy Commercial Vehicles) and Geography (APAC, Europe, North America, South Americaand MEA).

• Regional Opportunities: 62% of the market growth will come from APAC during the forecast period. China, JapanAND India are the leading markets for automotive glass in APAC. Market growth in this region will be faster than market growth in other regions. Economic development across the region has increased spending on infrastructure and industrial development and has also increased disposable income. This will drive the growth of the automotive glass market in APAC during the forecast period.

• Highlights of the revenue generating segment: The growth of the automotive glass market share in the passenger car segment will be significant during the forecast period. The passenger car segment dominates the global automotive glass market due to technological advancements in the market and increasing sunroof penetration in mid-segment passenger cars. There has been a growing demand from end users to improve performance as well as safety features in passenger cars.

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Seller landscape

The automotive glass market is fragmented and vendors are using growth strategies such as increasing their customer base and increasing their R&D investments to meet the growing need for efficient and effective safety features to compete in the market. . This statistical study of the Automotive Glass market includes successful business strategies deployed by leading vendors. Automotive Glass Market Forecast Report provides in-depth insights into the key vendor profiles. The profiles include information on the production, sustainability and prospects of the leading companies. To make the most of the opportunities and recover from the impact of the pandemic, market sellers should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

Some companies mentioned

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