Automotive Windshield Market will Account for Around US$ 17,000 Mn Revenues by 2022 End

Rockville Pike, United States, 2019-Oct-16 — /EPR Network/ —

Sales of Automotive Glass Triggered by Heightening Demand for SUVs and Heavy Commercial Vehicles, reports Fact.MR Study

Fact.MR has recently published a latest research study highlighting the widespread reach of the automotive glass market detailing the growth expanse across prime regions. This study is titled “Automotive Windshield Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022”, which targets the current trends and new developments set to pick pace across the automotive glass sector and associate historical data with the ongoing market scenario to estimate future projections.

As per this assessment, manufacturers active in the global automotive glass market have showcased higher preference towards gorilla glass that has been recently launched in the automotive space. This factor has surely bolstered the demand for automotive glass made out of durable material which can withstand mishaps. Interestingly, the benefits of higher resistance to chemicals, water and heat delivered by glass windshield is expected to provoke their demand in the following years. Fact.MR predicts that the sales of automotive glass are likely to exceed US$ 17,000 Mn by 2022-end. Moreover, demand for automotive glass is anticipated to surge significantly with 5.2% CAGR in terms of value during the forecast period 2017-2022.

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Technological Advances Encouraging Market Growth

As per report insights, advances in technology across the automotive sector, especially in automotive glass remains instrumental in pushing sales. Moreover, demand for automotive glass is largely inclined by the growing production and sales of trucks, cars, SUVs, as well as other heavy duty commercial vehicles at the global scale. In addition, since Internet of Things (IoT) is establishing a stronger ground in the automotive glass sector, several manufacturers are showcasing enhanced interest towards the development of smart automotive windshield, thereby, motivating growth trends.

Preview Analysis of Global Automotive Windshield Market research report Segmented By Vehicle Type (PC, LCV, HCV), By Material Type (Glass, Polycarbonate), By Sales Channel (Aftermarket, OEM), & By Region (North America, Latin America, Europe, South Asia, Japan, APEJ, MEA)-

Greater Demand for Bullet Proof Cars Set to Boost Automotive Glass Market

Based on report specifics, it has been analyzed that increasing demand for bulletproof cars is surely going to support growth across the global automotive glass market. Since major macroeconomic factors like steady rise in GDP per capita as well as escalating purchasing power parity is gaining prominence, the sales of bulletproof cars is anticipated to pick-up pace. Therefore, the demand for bulletproof automotive glass is expected to swell in the coming years. Furthermore, renowned manufacturers operational in the automotive glass windshield space are investing heavily towards the development of touchscreen bullet proof automotive glass. This advance feature is aimed at increasing safety and working performance of the vehicle.

Competitive Outlook

With the conclusion of the report, readers can access specifics associated to key players active in the automotive glass market. This section carefully analyzes the prime aspects circling around the competitive setup including major manufacturers together with a brief outlook on factors like SWOT analysis, product portfolio, key developments and innovations, key financials and mergers and acquisitions. Some of the vital players mentioned in the report are Saint-Gobain SA, Asahi Glass Co. Ltd., Fuyao Glass Industry Group Co. Ltd., Nippon Sheet Glass Co. Ltd., Guardian Industries, and Safelite Auto Glass.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.