demand

Automotive Glass Market Gain Impetus due to the Growing Demand over 2020-2030

Future Market Insights has announced the addition of the “2020 Analysis and Review: Automotive Glass Market by Glass Type – Laminated Glass and Tempered Glass for 2020 – 2030” report to their offering.

The  automotive glass market  is likely to surpass US$ 16.8 billion through 2030, according to a new research study by Future Market Insights.

According to the study, high strength and lower price structure drives the adoption rate of the automotive glass but inadequate standardization continue to hinder the market growth prospects.

Car companies are incorporating glass canopies while also fuelling the use of automotive glass in rear view mirrors and electronic sensors,” says the FMI Analyst.

To Get Sample Copy of Report Visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2262

Automotive Glass Market – Key Highlights

Tempered automotive glass accounts for 65% of revenue share.
Electric section will remain lucrative in the automotive glass market during the assessment period.
East Asia

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COVID-19: New car sales lowest for nearly three decades as lockdowns crush demand | Business News

New car sales fell to their lowest level in nearly three decades last year as coronavirus lockdowns crushed demand, according to industry figures.

Just 1.63 million vehicles were registered in 2020, the fewest since 1992, data from the Society of Motor Manufacturers and Traders (SMMT) showed.

It was a 29% fall compared to the previous year – the biggest annual slump since 1943, a time when British industry was repurposed for the war effort.

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Can businesses survive another lockdown?

That represented a loss of £20.4bn in turnover.

The car sector was particularly badly hit in April, the first full month of national lockdown, when sales fell by 97%.

Showrooms gradually reopened in June.

SMMT chief executive Mike Hawes said: “We lost nearly three quarters of a million units over three or four months, which we never got back.”

Dealerships

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