# Automotive Glass Market to Witness Sales Slump in Near Term Due to COVID-19; Long-term Outlook Remains Positive Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2021-10-12 Category: Research Reports Category URL: https://financedigest.com/category/research-reports Meta Title: Automotive Glass Market Analysis 2020: Covid-19 Impact and Meta Description: Explore the impact of Covid-19, smart glass technology, and electric vehicles on the automotive glass market. Download the report for industry insights. URL: https://financedigest.com/automotive-glass-market-to-witness-sales-slump-in-near-term-due-to-covid-19-long-term-outlook-remains-positivehtml The global demand for [automotive glass](https://www.futuremarketinsights.com/reports/automotive-glass-market) has declined significantly in 2020, with the Covid-19 pandemic restricting automotive production and reducing new orders in the manufacturing sector. However, long-term prospects remain bullish, with a new report by FMI projecting 4% CAGR through 2030. The report opines that market players will benefit from smart glass technology and the rising popularity of electric vehicles. ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/automotive-glass-market-1736837618770-compressed.jpg) The report opines that volatility in raw material pricing and high capital requirements will hold back market developments. **Visit For Sample>>** [**https://www.futuremarketinsights.com/reports/sample/rep-gb-2262**](https://www.futuremarketinsights.com/reports/sample/rep-gb-2262) The automotive glass industry has witnessed [steady growth in recent](https://www.financedigest.com/german-yields-steady-spreads-tighten-after-recent-repricing.html "German yields steady, spreads tighten after recent repricing") years backed by the massive global automobile production sector, implementation of strict automotive safety standards, and improvements in material and auto tech. Further, [businesses have invested](https://www.financedigest.com/analysis-uk-crisis-forces-off-kilter-businesses-to-halt-investment.html "Analysis-UK crisis forces ‘off kilter’ businesses to halt investment") in smart glass and wider windshield and sunroof designs for their offerings, catering to premium automobile consumer requirements. While [revenue from the automotive](https://www.financedigest.com/tomtom-raises-2023-revenue-outlook-as-automotive-drives-q4-beat.html "TomTom raises 2023 revenue outlook as automotive drives Q4 beat") glass market rises steadily, the fragmented nature of the market limits the potential for revenues. Also, issues in terms of [energy efficiency and raw material fluctuations are problems faced](https://www.financedigest.com/explainer-why-europe-faces-climbing-energy-bills.html "Explainer-Why Europe faces climbing energy bills") by key players. **Key Takeaways** - The [automotive glass market](https://www.financedigest.com/automotive-seating-market-challenges-drivers-outlook-growth-opportunities-analysis-to-2026.html "Automotive Seating Market Challenges, Drivers, Outlook, Growth Opportunities – Analysis to 2026") will reach US$ 16 billion, with demand receding in 2020 - Door glass offerings remain in high demand, with the higher volume of glass required for these products and innovations in material strength and temperature control. - Applications of automotive glass in conventional passenger cars reflect higher growth than LCV, HCV and [electric vehicle](https://www.financedigest.com/bmw-invests-1-7-billion-to-build-electric-vehicles-in-u-s.html "BMW invests .7 billion to build electric vehicles in U.S") applications owing to higher demand and production, driven by higher disposable incomes globally. - East Asia is a [key market for production and sales](https://www.financedigest.com/digital-sales-transformation-is-key-to-faster-higher-revenue.html "Digital sales transformation is key to faster, higher revenue"), supported by the prevalence of numerous regional and international automobile manufacturing plants in the region, supported by lower labour and material costs. **“The growth in production rate of [electric and hybrid vehicles in addition to the integration](https://www.financedigest.com/renault-to-reach-its-goal-on-integrated-electric-vehicles-chain-before-2030-ceo.html "Renault to reach its goal on integrated electric vehicles chain before 2030 -CEO") of varied new technologies for visibility and safety are expected to positively influence the global demand for automotive glass throughout the forecast period till 2030,”** said a lead analyst at Future Market Insights **[Covid-19 Impact on Automotive Glass Market](https://www.financedigest.com/mhealth-m-mobile-to-be-the-buzzword-in-covid-19-saliva-based-screening-market.html "mHealth (m-mobile) to be the buzzword in COVID-19 Saliva-based Screening Market")** The coronavirus pandemic is expected to have a negative effect on the short-term prospects of the automotive glass industry. Lockdown restrictions have limited the production of automobiles and associated materials across North America, Asia, and Europe, which are key markets for auto glass. Also, the demand for new automobiles has fallen sharply, and the uncertainty over the severity and duration of the [pandemic and the impact on the global economy are key factors that could hamper](https://www.financedigest.com/pandemic-restrictions-that-hampered-the-circulation-of-viruses-other-than-covid-19.html "Pandemic restrictions that hampered the circulation of viruses other than COVID-19") market prospects, and delaying the recovery of the industry in the long term. However, the automotive industry will gain traction following the [end of the pandemic](https://www.financedigest.com/uk-house-prices-end-2022-on-a-weaker-note-after-pandemic-boom.html "UK house prices end 2022 on a weaker note after pandemic boom"), with the anticipated growth in demand for electric and autonomous vehicles on a global scale. **Download Methodology of this Report @** [https://www.futuremarketinsights.com/askus/rep-gb-2262](https://www.futuremarketinsights.com/askus/rep-gb-2262) **Who is Winning?** In this report, Future Market Insights has studied the various [strategies being used by major businesses](https://www.financedigest.com/food-flavour-enhancer-market-outlook-cover-new-business-strategy-with-upcoming-opportunity-2022-to-2032.html "Food Flavour Enhancer Market Outlook Cover New Business Strategy with Upcoming Opportunity 2022 to 2032") in the automotive glass market. Top players in the [industry are making use of multi-pronged strategies including pushing](https://www.financedigest.com/eu-recovers-appetite-for-trade-in-green-industry-push.html "EU recovers appetite for trade in green industry push") for product research and development and capacity expansions in line with growing international demand. Some of the leading players in the [market include Dura Automotive Systems](https://www.financedigest.com/dynamic-positioning-system-market-notable-developments-geographical-outlook.html "Dynamic Positioning System Market: Notable Developments & Geographical Outlook"), Saint-Gobain S.A., Asahi Glass Co. Ltd., Fuyao Glass Industry Group Co. Ltd., Nippon Sheet Glass Co. Ltd., Xinyi Glass Holdings Ltd., Central Glass Co. Ltd., Glas Trosch Holding AG, Gentex Corporation, and Magna International Inc. among others. **About the Report:** The research [report analyzes the total sales](https://www.financedigest.com/manchester-united-tanks-on-report-glazers-may-avoid-sale-with-new-investment.html "Manchester United tanks on report Glazers may avoid sale with new investment") of automotive glass on the basis of volume (Mn Units) and value (US$ Mn). The market is projected on the basis of factors such as the growth of the transportation industry, [global automobile sales, global economy](https://www.financedigest.com/floods-other-water-related-disasters-could-cost-global-economy-5-6-trillion-by-2050-report.html "Floods, other water-related disasters could cost global economy .6 trillion by 2050 -report"), glass materials, and vehicle types. The scope of the research report [includes new sales](https://www.financedigest.com/stanchart-weighing-options-including-sale-of-aircraft-lessor-unit.html "StanChart weighing options, including sale, of aircraft lessor unit") of automotive glass for OEM and aftermarket applications as well. **Automotive Glass Industry Report: Scope** **Attribute****Details**Forecast Period2020-2030Historical Data Available for2015-2019[Market Analysis](https://www.financedigest.com/fumed-silica-in-paints-and-coating-market-analysis-status-business-outlook-2022-2027.html "Fumed Silica In Paints And Coating Market Analysis, Status, Business Outlook 2022-2027")USD Million for value, Million Units for VolumeKey Regions CoveredNorth America, Latin America, Europe, South Asia & Pacific, East Asia, Middle East & AfricaKey Countries CoveredUS, Canada, Brazil, Mexico, Germany, Italy, France, U.K., Spain, BENELUX, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, Turkey, South AfricaKey Segments CoveredApplication, Glass Type, Sales Channel, Vehicle Type, and RegionKey Companies ProfiledDura Automotive Systems, Saint-Gobain S.A., Asahi Glass Co. Ltd., Fuyao Glass Industry Group Co. Ltd., Nippon Sheet Glass Co. Ltd., Xinyi Glass Holdings Ltd., Central Glass Co. Ltd., Glas Trosch Holding AG, Gentex Corporation, Magna International Inc., Vitro S.A.B. de C.V., and Guardian Industries CorporationReport Coverage[Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges](https://www.financedigest.com/challenging-orthodoxy-kwarteng-clings-on-after-uk-market-rout.html "Challenging ‘orthodoxy,’ Kwarteng clings on after UK market rout"), Strategic Growth Initiatives[Customization & Pricing](https://www.financedigest.com/shell-energy-to-pay-for-overcharging-price-cap-customers-ofgem.html "Shell Energy to pay for overcharging price cap customers -Ofgem")[Available upon Request](https://www.futuremarketinsights.com/customization-available/rep-gb-2262) **Key Questions Answered by the Report** **What is the size of the** [automotive glass market?](https://www.financedigest.com/automotive-gudgeon-pin-market-is-projected-to-observe-a-significant-cagr-of-5-0-by-value-during-the-period-of-2022-and-2027.html "Automotive Gudgeon Pin Market is projected to observe a significant CAGR of 5.0% by value during the period of 2022 and 2027") The global automotive glass market [share is estimated to reach a valuation of over US$ 16.8 billion](https://www.financedigest.com/novartis-launches-new-11-billion-share-buyback.html "Novartis launches new billion share buyback") in 2020. The [market is likely to grow at a 4% CAGR](https://www.financedigest.com/specialty-fats-and-oils-market-foreseen-to-witness-6-6-cagr-during-2018-2026-tmr.html "Specialty Fats and Oils Market Foreseen to Witness 6.6% CAGR during 2018 – 2026 | TMR") between 2020 and 2030. **Which is the largest market for automotive glass?** East Asia is the largest market for automotive glass. [Growth in the electric vehicles segment is a key](https://www.financedigest.com/leading-payment-platform-appoints-new-key-positions-to-help-with-growth.html "Leading Payment Platform Appoints New Key Positions to Help With Growth") driver The post [Automotive Glass Market to Witness Sales Slump in Near Term Due to COVID-19; Long-term Outlook Remains Positive](https://industrynewsanalysis.com/automotive-glass-market-to-witness-sales-slump-in-near-term-due-to-covid-19-long-term-outlook-remains-positive/) appeared first on [Industry News Analsis](https://industrynewsanalysis.com). --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---