Automotive Glass Market (CAGR of 6.3%): Future Prospects, Size and Driver and Forecast to 2027
January 6, 2021 | by admin |
The
automotive glass market was valued at US$ 14.70 Bn in 2018 and expected to reach US$ 25.22 Bn by 2027 at a CAGR of 6.3% throughout the forecast period from 2019 to 2027.
Market Insights
“Evolving need to manage hybrid IT and reduce security risk will spur revenue growth during the forecast period”
Rapid technological advancements in automotive industry coupled with increasing safety focus on customer safety is propelling the growth of the automotive glass market. The combination of factors including rise in the level of income of middle class, increasing young population are drivers fueling the growth of automotive, thus increasing the demand of automotive glass industry across the globe. The industry is facing many changes owing to advancement in technology as well as increasing demand for sun roof is propelling the automotive