Indonesia Automotive Glass Market Outlook

indonesia’s automotive glass market is expected to experience a significant surge in demand over the coming years due to increasing economic activity and population growth. auto glass demand in the country is heavily driven by domestic vehicle production for commercial purposes, passenger cars and two-wheeler sales. the outlook for the indonesian automotive glass market is positive given advances in technology and rising consumer spending. in indonesia, the market is predominantly concentrated around the production of automotive glass as local manufacturers strive to meet the rising demand. small and medium-sized enterprises account for the majority of the production. as a result, prices of automotive glass are kept relatively low, making it highly affordable for customers. key players in the automotive glass market in indonesia include glass pro indonesia, euroglas, nippon, and sekurit, among others. rising disposable incomes among consumers and the increasing number of vehicles on the road have increased the use of automotive glass. this has further driven demand for glass used as decorative accessories and those for the windshield, which is made out of polycarbonate and laminated glass. in addition, rapid adoption of advanced technologies for automotive glass production such as printing directly on skewers, laminated glasses, and polycarbonate glasses has contributed to the market growth. government policies such as the automotive industry development program (aidp) has encouraged the use of automotive glass, as it provides an incentive of 100% import duty exemption (idx) and a 50% corporate income tax deduction (cit) for investments in the automotive glass sector. this has further fuelled the market growth significantly. major automotive companies are entering the indonesian automotive glass market and investing heavily in research and development, which is likely to increase the production of automotive glass in the country. it is estimated that the global market for automotive glass is expected to grow by 6.5 percent annually over the forecast period of 2018 to 2032, driven by increasing demand for light weight and efficient vehicles. underpinning the growth of indonesia’s automotive glass market is the switch to safer and environment friendly materials, which has increased the usage of automotive glass significantly. strict government regulations on environmental standards and the implementation of safety standards have made automotive glass a mandatory material in vehicles. at the same time, increasing innovation and improved production technologies have increased the advantages of using automotive glass. furthermore, rising competition among players to offer superior quality and technologically advanced automotive glass has also been instrumental in driving the growth of the indonesian automotive glass market.