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View Report Summary𝐆𝐥𝐨𝐛𝐚𝐥 𝐚𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐠𝐥𝐚𝐳𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐚𝐭 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟖.𝟓𝟓% 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝟐𝟎𝟐𝟔 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐔𝐒𝐃 𝟐𝟒𝟑𝟓𝟑.𝟐𝟗 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟐𝟔. The demand for automotive glazing is largely proportional to the demand for vehicles, thus, the increasing production of automobiles is the most important factor driving the growth of the automotive glazing market across the world. Apart from this, rising safety concerns for the vehicles is another major factor for growth of the market. The automotive glazing is used as safety shield for the vehicles which at the time of collision, will restrain from causing severe injuries to the passengers.
Thus, most players in the market are investing heavily on research and development activities to produce safer, flexible and more durable automotive glazing for installing in the vehicles. All such factors are driving the demand and pricing for automotive glazing across the world.
Global automotive glazing market is segmented based on product, application, vehicle type and region. Based on the vehicle type, market can be segmented into passenger car, light commercial vehicle and medium & heavy commercial vehicle. Passenger car segment accounted for 79.99% share in 2020 and the segment is forecast to witness growth in the upcoming years as well. Among them, there is a significant shift towards purchase of luxury/premium cars witnessed globally, which are equipped with high quality automotive glazing. This trend has a positive impact on the automotive glazing market. Also, increasing road accidents have escalated the utilization of automotive glazing in passenger cars, which is conclusively influencing the market.