South Africa Automotive Glass Market Outlook (2018 to 2032)
Synopsis
The above chart is South Africa Automotive Glass Market Outlook (2018 to 2032)
Market Dynamics
the automotive glass market in south africa is in a period of positive transformation, with technological advances, innovative products, and new regulatory initiatives that could drive growth over the coming years. innovations in glass type, film deposition, sound and heat insulation, and vision enhancement are driving the future of the south african automotive glass market. in recent years, a number of entry-level vehicle manufacturers have entered the south african market, driving up demand for automotive glass. in addition, vehicles such as sports cars and coupes have been increasingly popular with south african buyers, driving the need for higher performing glass. at the same time, the demand for driver-assistance systems and safety technologies is growing rapidly. this includes advanced driver-assistance systems (adas) such as rear-view cameras, lane-departure warning, adaptive cruise control and blind spot monitoring. in line with this trend, constant has recently launched a driver-assistance system that can detect hazardous objects before the driver does. the system automatically applies brakes if an obstacle is detected. the increasing demand for automotive glass – driven by growth of the local economy, vehicle penetration, and technological advancements – is expected to remain steady. the outlook for south african automotive glass is positive, with sourcing and manufacturing opportunities becoming available. government regulations continue to have a considerable influence on the automotive glass market. in 2021, the south african competition commission approved a proposal that consolidates companies that make glass for vehicles in the country. this will enable the government to ensure safety regulations and strengthen intellectual property rights. in addition, the government's fuel efficiency standards are expected to drive the demand for automotive glass. the aim is to regulate the fuel efficiency levels of vehicles in the country and from 2022, all vehicles must adhere to the new, more stringent standards. the implementation of the standards will likely drive the demand for lightweight materials, including automotive glass. in conclusion, south africa has seen positive market trends over the past few years that will drive the growth of the automotive glass market in the long term. the expected entry of global players, increased demand for driver-assistance systems, and favorable government regulations will further improve the outlook for the south african automotive glass market over the years 2021 to 2032.