Overview and ScopeAutomotive glass generally encompasses all the glass components used in vehicles for both functional and aesthetic purposes. It includes specialized glass used for panoramic roofs and rearview mirrors. These components enhance the vehicle's design and contribute to safety, visibility, and overall comfort for passengers.
Sizing and ForecastThe automotive glass market size has grown strongly in recent years. It will grow from $20.13 billion in 2023 to $21.49 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to advancements in safety regulations, innovations in glass technology, increasing vehicle production, rising consumer demand for comfort and aesthetics, growth in the automotive aftermarket, the proliferation of electric vehicles, and economic development in emerging markets.
The automotive glass market size is expected to see strong growth in the next few years. It will grow to $28.12 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to advancements in vehicle design, rising demand for electric and autonomous vehicles, increased emphasis on safety and advanced driver-assistance systems (ADAS), growing automotive production, stringent regulations on vehicle emissions and safety, expanding automotive aftermarket services, and technological innovations in smart glass and lightweight materials. Major trends in the forecast period include the integration of smart glass technology, increasing adoption of lightweight and eco-friendly materials, enhanced use of solar control glass, growth in panoramic sunroof installations, advancements in augmented reality windshield displays, rising demand for acoustic glazing, and the incorporation of advanced driver-assistance systems (ADAS) compatible glass.
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Segmentation & Regional InsightsThe automotive glass market covered in this report is segmented –
1) By Product: Tempered Glass, Laminated Glass, Other Products2) By Vehicles Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles3) By Application: Windshield, Sidelite, Sunroof, Backlite4) By End-Use: Original Equipment Manufacturer (OEM), Aftermarket
Asia-Pacific was the largest region in the automotive glass market in 2023. The regions covered in the automotive glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market GrowthThe increasing demand for passenger and commercial vehicles is expected to propel the growth of the automotive glass market going forward. Passenger vehicles refer to cars and other vehicles designed primarily for transporting passengers, while commercial vehicles include vans, trucks, and buses used for business and transportation purposes. The demand for passenger and commercial vehicles is rising due to economic growth, increasing urbanization, and improved consumer confidence, driving transportation needs. Automotive glass is used in passenger and commercial vehicles primarily for providing visibility, protection from external elements, and structural support. For instance, in February 2023, according to the International Energy Agency, a France-based intergovernmental organization for energy policies, the sale of electric passenger cars in emerging and advanced economies rose from 1.3 million and 2.2 million to 1.5 million and 3.8 million, respectively. Additionally, in April 2024, according to the European Automobile Manufacturers' Association (ACEA), a Belgium-based lobby of Europe's 15 major car, truck, van, and bus makers, new commercial vehicle registrations saw notable growth in 2023, with vans increasing by 14.6%, trucks by 16.3%, and buses by 19.4%. Therefore, the increasing demand for passenger and commercial vehicles will drive the automotive glass market.
Key Industry PlayersMajor companies operating in the automotive glass market are Saint-Gobain S.A., Magna International Inc., Asahi Glass Co Ltd, Corning Incorporated, Samvardhana Motherson, Nippon Sheet Glass Co. Ltd, Webasto Group, Guardian Industries Corp, Fuyao Glass Industry Group Co. Ltd., Xinyi Glass Holdings Limited, Türkiye Şişe ve Cam Fabrikaları, Gentex Corporation, Vitro S.A.B. de C.V., Taiwan Glass Ind Corp., Central Glass Co. Ltd., Pittsburgh Glass Works Auto Glass LLC, Carlex Glass America LLC, Shenzhen Benson Automobile Glass Co. Ltd., Suyog Glass Industries, Magnum Tuff India Pvt Ltd
The automotive glass market report table of contents includes:
1. Executive Summary
2. Automotive Glass Market Characteristics
3. Automotive Glass Market Trends And Strategies
4. Automotive Glass Market - Macro Economic Scenario
5. Global Automotive Glass Market Size and Growth
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32. Global Automotive Glass Market Competitive Benchmarking
33. Global Automotive Glass Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Glass Market
35. Automotive Glass Market Future Outlook and Potential Analysis
36. Appendix
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The Automotive glass Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the automotive glass market include Saint-Gobain, Asahi Glass, Fuyao Glass, Samvardhana Motherson, Webasto, Xinyi Glass, Nippon Sheet Glass, Gentex Corporation, Corning and Magna International.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Automotive glass Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/automotive-glass-market/download-sampleMarket DynamicsRising demand for vehicles is one of the key factors driving growth of automotive glass market.
Continuous stable innovation in vehicle design and rising demand for lightweight vehicles along with reducing production cost are the driving factors of vehicle modularization.
Shifting consumer trends towards superior comfort vehicle and increasing use of tele-communication in vehicles drive the market for automotive glass.
