Automotive Glass Market : Shows Increasing Demand To Be
Observed In The Coming Decade
Automotive Glass Market research provides industry analysis by
type, manufacturer, application along with key factors influencing
the growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
Automotive glasses are aesthetics glass of a vehicle that protects passenger from harsh exterior
environment such as rain, sun, and wind. Automotive glasses are designed in such a way that it
contributes minimal weight to the vehicle, withstand high external forces, and minimize the
strain induced on the vehicle. Hence, all these features increase comfort and aid in protecting
passenger from external environmental factors such as dust and wind.
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Rising demand for vehicles is one of the major factors driving growth of the market
Major factors driving growth of the automotive glass market is increasing demand for vehicles,
globally. For instance, according to International Organization of Motor Vehicle Manufacturers
statistics (OICA), the total number of vehicles sold in 2016 were 94 million units and it increased
to 96 million units in 2017, globally. Hence, increasing demand for vehicles is driving OEMs to
manufacture more vehicles to meet consumer demand, which will proportionately increase
demand for automotive glass. For instance, according to the OICA, the total number of vehicles
produced in 2016 was 95 million units and it has grown up to 97million units, globally. Moreover,
increasing per capita income of individuals has proportionally increased the sales of vehicles,