Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the automotive glazing market provides an in-depth analysis of segments and
sub-segments in the global as well as regional automotive glazing market. The
study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional automotive glazing market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global automotive glazing market. According to
the report, the global automotive glazing market is projected to grow at a CAGR
of 7.9% over the forecast period of 2019-2025.
Automotive glazing is considered as an
important safety element in motor vehicles. Glazing requires specialized
machinery, high-end processing, and advanced coating technologies for effective
outcomes. auto-glazing is spawning new design concepts that offer better
visibility and wide areas of applications such as sun roof top system,
transparent body panels as well as fixed side windows, front and rear windows,
rear-door fixed window sections. Additionally, the current concern over the
spread of coronavirus infection is expected to have a major impact on the
automotive glazing market owing to extended lockdowns and temporary production
halt in several manufacturing companies. The companies are facing supply chain
disruptions and demand fluctuations as manufacturers are slowing or halting
production, resourcing products, and re-evaluating revenue.
Consequently, coronavirus pandemic will have a
direct impact on 2020 revenues of automotive and related companies. The
companies are facing short-term operational issues due to supply chain
constraints and lack of site access due to the COVID-19 outbreak and it is seen
that around 78 percent of companies do not have enough workforce to run a full
production line. Further adoption of digitization in sales processes to enhance
online sales along with a focus on increasing attractiveness of customer loyalty
programs may sustain the market growth.
Moreover, increasing focus on lightweight
auto components for enhancing overall performance and improving efficiency of a vehicle with enhancing aesthetic view are the key driving factors for the
growth of the automotive glazing market. Increase in adoption of automotive glazing
owing to its favorable properties such as heat resistance and wear and tear
resistance increases its preferences over other conventional options available.
In addition, rapidly growing automobile production and widespread availability
of product range fuel the market growth. rising demand for better aesthetics
by consumers and change in fashioning trends in passenger cars are the
contributing factors for the growth of automotive glazing. However, stringent
government regulations on the use of polycarbonate may hamper the demand of the automotive glazing market. Furthermore, key players are majorly focusing on
strategic collaboration with OEMs to increase customer reach and improve
customer base, which will offer opportunities in the forecast period.
The global automotive glazing market has been
regionally segmented into the geographies of North America, Europe, Asia
Pacific, and RoW. From a regional perspective, the Asia Pacific region is
expected to dominate the market, attributed to the rapid growing automotive industry,
rapid technological advancement along with rising demand for comfortable
driving experience. Further, these applications were also concentrated in
Europe whereas several manufacturers are finding opportunities by focusing on
Tier One automotive suppliers in Asia and the U.S. Additionally, North America
will witness a rapid stable in the forecast period owing to increasing demand
for enhanced visibility coupled with improved and customized aesthetic
appearance.
The report on the global automotive glazing market covers segments
such as technology, application, sales channel, vehicle, and glazing type. On the
basis of technology, the sub-markets include sun control glazing, hydrophobic
glazing, switchable glazing, and conventional. On the basis of application, the
sub-markets include front windshield, backlite, sidelite, quarter glass, and
panoramic sunroof/ roof modules. On the basis of the sales channel, the sub-markets
include OEMs, and aftermarket. On the basis of vehicle, the sub-markets include
passenger vehicles, light commercial vehicles, and heavy commercial vehicles.
On the basis of glazing type, the sub-markets include tempered, laminated, and
polycarbonate.
The report provides profiles of the companies in the market
such as SABIC, Covestro, Teijin, Webasto, Free Glass GmbH
& Co. KG, Mitsubishi, Saint-Gobain, and Idemitsu.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the automotive
glazing market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.
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