Owing to the benefits offered by laminated glass, the consumers are demanding laminated glass from automakers. Additionally, the market is expected to increase due to electrical and autonomous vehicles. Moreover, there has been exponential increase in aftermarket installation of laminated glass as tempered glass were used in vehicles historically. Also, laminated glass offers better visibility than tempered glass and hence the sales of laminated glass has increased in recent years.
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Key Market Players
- SAINT-GOBAIN
- Asahi India Glass Limited
- Fuyao Glass America
- Motherson Group
- Webasto Group
- GENTEX CORPORATION
- Magna International Inc.
- Xinyi Glass
- Corning Incorporated
- Hitachi Chemical Co.,
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COVID-19 scenario analysis:
- The COVID-19 is a spreading at a rapid rate and is having a widespread effect along with unique set of challenges to automotive manufacturers.
- With production shutdowns taking effect, automotive companies need to remain focused and nimble to better navigate this crisis.
- Although, the sales of vehicles will grow with the reduction in use of public transport. This, in turn, would increase the sales of automotive laminated glass market. However, the sales of high-end vehicle would remain affected due to the pandemic.
- Additionally, the significant increase in number of daily commuters is anticipated to increase due the pandemic. As laminated glass have an advantage of temperature control and better strength, the preference of daily commuters would shift towards laminated glass, which in turn, would increase its demand.
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Major driving factor of automotive laminated glass market is safety as it has more resistance to breakage in a crash. Additionally, as the laminated glass remains intact even when broken, the risk of damage to airbags is reduced and plays a vital role in human safety in case of accident. Likewise, automotive laminated glass provides security to passengers from attacks from outside as it has very high strengths. Moreover, it has better resistance to noise which is proliferating the market growth. However, high cost associated with laminated glass could hamper the market. Further, it lowers the temperature in the inside of car due to its resistance to ultraviolet rays and also increase the life of upholstery in vehicle.
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Key benefits of the report:
- This study presents the analytical depiction of the automotive laminated glass industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed automotive laminated glass market analysis based on competitive intensity and how the competition will take shape in coming years.
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