Automotive Glazing Market worth $2.7 billion by 2025

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MarketsandMarkets Presents

Automotive Glazing Market worth 2.7 billion by
2025
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uto-glazing-market-133207870.html
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The report "Automotive Glazing Market by
Polycarbonate-Application (Windscreen, Sidelite,
Backlite, Sunroof, Quarter Glass, Front Rear
Lighting), Advanced Applications, Vehicle Type
(On-Highway, Off-Highway, Electric Hybrid), and
Region - Global Forecast to 2025" The automotive
glazing market is estimated to be USD 1.4 billion
in 2018 and is projected to reach USD 2.7 billion
by 2025, at a CAGR of 10.13. The market will be
driven primarily because of the increase in
demand for vehicle weight reduction owing to
stringent emission norms. Polycarbonate weighs
50 less than glass and provides 20 times more
strength which is estimated to drive the
automotive glazing market for polycarbonate. Get
The PDF Brochure For This Report
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asp?id133207870 Browse 94 market data Tables
and 47 Figures spread through 181 Pages and
in-depth TOC on "Automotive Glazing Market
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uto-glazing-market-133207870.html
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Passenger car to be the largest market for
automotive glazing, by vehicle type Passenger
cars include vehicles such as hatchback, SUVs,
and sedans. According to OICA, the production of
passenger cars accounted for the maximum share of
the total global vehicle production for all the
regions including in 2018 and is expected to
dominate during the forecast period. Due to the
better adaptability to complex design and glass
like transparency, nearly all vehicles are
equipped with polycarbonate front and rear
lightings. Applications such as sunroof and rear
quarter glass, which are used mainly in passenger
cars, are estimated to have high potential for
polycarbonate installation. With the increasing
installation of sunroof and rear quarter glass
applications in passenger cars and usage of
polycarbonate for these applications, passenger
car is estimated to be the largest segment by
vehicle type. Request Sample of the
report https//www.marketsandmarkets.com/requests
ampleNew.asp?id133207870 BEV is anticipated to
be the fastest growing component market for
electric vehicle automotive glazing Vehicle
weight reduction is the predominant criteria in
BEVs. As polycarbonate usage in glazing will
reduce the vehicle weight by 2025 kg, it will
have a huge impact on the BEV range.
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Additionally, a majority of BEVs such as Tesla
Model X, Model S, Model 3, and BMW i3 fall under
the premium vehicle category Premium vehicles are
equipped with sunroof and rear quarter glass.
These applications are estimated to garner high
potential for polycarbonate glazing. Increasing
sales of BEVs coupled with the increasing
penetration of polycarbonate glazing applications
will result in BEV being the fastest growing
segment. Asia Oceania expected to be the
largest automotive glazing market Asia Oceania
is the largest automotive glazing market and is
expected to retain its position during the
forecast period. Asia Oceania has emerged as a
hub for automotive production in recent years
owing to increasing population and urbanization.
According to OICA, Asia Oceania accounted for
46 of the global vehicle production in 2018
because of the presence of OEMs such as SAIC,
Hyundai, Toyota, Suzuki, Tata, and Honda.
Manufacturers in this region are focused on
developing specific solutions that address fuel
efficiency mandates. As consumers in the region
are showing an increased inclination toward
convenience and safety, the region has witnessed
higher growth than the matured markets of Europe
and North America. Because of high vehicle
production, the total market size is greater than
North American and Europe because of which Asia
Oceania is estimated to be the largest automotive
glazing market. Dont miss out on business
opportunities in Automotive Glazing Market. Speak
to our analyst and gain crucial industry insights
that will help your business grow.
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The key players in the automotive glazing market
are SABIC (Suadi Arabia), Covestro (Germany),
Teijin (Japan) Webasto (Germany), and Freeglass
(Germany). https//www.marketsan
dmarkets.com/Market-Reports/auto-glazing-market-13
3207870.html
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