The analysis report titled ‘Asia Pacific Automotive Glass Market Forecast 2027 By Application, By Product, By End-use, By Vehicle, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, opines that Asia Pacific automotive glass market is expected to amass a valuation of USD 5823.7 million by 2027.

Growing car sales, increasing government investments, surge in consumer affordability, favorable regulatory framework, and the imperative role of the product in strengthening safety & security of automobiles are the major factors driving Asia Pacific automotive glass market growth.

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Further, constant efforts of government authorities to facilitate cross border industrial ecosystem by promoting free trade reforms are likely to unravel new pathways for market expansion in the forthcoming years.

Notably, the Regional Comprehensive Economic Partnership (RCEP) is a deal involving six APAC governments and 10 ASEAN nations that plans to strengthen the automobile industry within Asia Pacific region.

For the purpose of a comprehensive assessment, Asia Pacific automotive glass industry is segregated on the basis of product type, vehicle, end use, application spectrum, and regional terrain.

Speaking of end user scope, the OEM segment is likely to progress at a CAGR of 7% through the analysis timeframe, attributable to the penetration of vehicles that boast of a superior quality and appealing designs that subsequently require glass shields manufactured by OEMs.

From the perspective of application, the windscreen segment is anticipated to record a y-o-y growth rate of 7% during 2021-2027, owing to various benefits of windscreens which include ensuring the safety of passengers and vehicle simultaneously.

Geographically, China and India are the prominent nations contributing significantly to market development as both these nations are a home to prominent automakers.

The competitive terrain of Asia Pacific automotive glass industry space is majorly influenced by key players such as AGC Inc., Guardian Industries, Compagnie-de-Saint Gobain S.A., Nippon Sheet Glass Co. Ltd., Xinyi Glass Holdings Ltd., Samvardhana Motherson Group, and Fuyao Glass Industry Group Co. Ltd.