Automotive Glass Market size was valued at USD 24.27 Bn in 2023 and is expected to reach USD 35.31 Bn by 2030, at a CAGR of 5.5 %.
Automotive Glass Market Overview:
Maximize Market Research provides a comprehensive description of Automotive Glass Market which helps to understand its feature in an optimized way. The projected statistics, significant advancements and income are all included in detail in the Automotive Glass research paper.
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Automotive Glass Market Scope:
The report encompasses both qualitative and quantitative assessments of the Automotive Glass Market, utilizing segmentation that takes into account economic and non-economic factors. It conducts a comprehensive exploration of the Automotive Glass industry from diverse angles, employing Porter's five forces analysis. Furthermore, the report sheds light on the Automotive Glass Market by tracing its journey through the value chain. Historical data and forward-looking revenue growth forecasts are presented at the country, regional, and global levels, accompanied by an analysis of market trends within each sub-segment and region.
Within the report's competitive landscape, intricate details about Automotive Glass competitors are provided. This includes a company overview, financials, revenue generation, market potential, research and development investments, new market ventures, global presence, production sites and facilities, production capacities, strengths and weaknesses, product launches, product range, application dominance, and more. The assessment of the global and regional Automotive Glass Market size was conducted using a bottom-up approach.
Automotive Glass Market Key Players:
North America
1. PPG Industries - (USA)
2. Corning - (USA)
3. Gentex Corporation - (USA)
4. LKQ Corporation - (USA)
5. Magna International Inc. - (Canada)
6. Vitro, S.A.B. de C.V. - (Mexico)
7. Guardian Industries Corporation - (USA)
Asia Pacific
8. Asahi Glass Co., Ltd. - (Japan)
9. Fuyao Glass Market Group Co., Ltd. - (China)
10. Nippon Sheet Glass Co., Ltd. - (Japan)
11. Xinyi Glass Holdings Ltd. - (China)
12. Samvardhana Motherson - (India)
13. Shenzhen Benson Automobile Glass Co., Ltd. - (China)
14. Central Glass Co., Ltd. - (Japan)
15. AGC Ltd. - (Japan)
16. NSG Group - (Japan)
Europe
17. Webasto - (Germany)
18. Pilkington Glass - (United Kingdom)
19. Glas Trösch Holding AG - (Switzerland)
20. Saint-Gobain S.A. - (France)
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Automotive Glass Market Segmentation:
by Glass Type
Laminated
Tempered
Based on the glass type, the laminated segment held the largest Automotive Glass Market share in 2023. Its large share is attributed to factors including low cost, high strength, and robustness. The glass type has a strength that is 4-5 times greater than a basic float and is more cost-effective than laminated automotive glass. As a result, it is the most preferred type of glass in automotive, particularly for windows and backlights.
by Vehicle
Passenger Car
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles
Passenger cars surpassed trucks as the most popular vehicle type in 2023 and are expected to grow at a CAGR of 4.3% in terms of sales over the forecasted period. This is due to a variety of factors, including shifting consumer preferences, a growing middle-class population, and growing environmental concerns about the use of low-emission and lightweight vehicles on the road. Over the forecast period, the passenger car category is expected to dominate the market. Increased passenger car sales in China and India are expected to propel this category forward. Because of the expanding popularity of crossover SUVs and the high need for intra-city trucks and buses, the LCV segment is expected to rise steadily in the market. Because of the early adoption of technology such as head-up displays and smart glass for the panoramic sunroof, the EV segment is expected to rise significantly in this market.
by Application
Windshield
Sidelite
Backlite
Sunroof
Others
Based on application, the Windshield segment held the largest market share in 2023. Windscreen carries significant importance in a vehicle structure, this both automotive and glass manufacturers are engaged in developing new technologies for enhancing its appearance and features. For instance, the introduction of new types of windshields with self-cleaning glass is anticipated to drive segment growth over the forecast period.
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Regional Analysis:
Each regional Automotive Glass market sector is thoroughly investigated to determine its current and future growth prospects. This helps clients to grow their businesses. The Automotive Glass market report covers all five regions and their country-wise distribution. Their market size and trends are also included in the Automotive Glass report.
Key Questions answered in the Automotive Glass Market Report are:
- What was the Automotive Glass market size in 2024?
- What are the global trends in the Automotive Glass Market?
- What are the upcoming industry applications and trends for the Automotive Glass Market?
- What are the factors contributing to the final price of Automotive Glass ?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Automotive Glass Market?
- How is the intervention from regulatory authority shaping the Automotive Glass Market?
- What growth strategies are the players considering to increase their presence in Automotive Glass ?
- Who are the leading players in Automotive Glass Market?
- What are the major challenges that the Automotive Glass Market could face in the future?
- Which region held the largest Automotive Glass market share?
Key Offerings:
- A detailed Analysis of the Market Overview
- Market Share, Size Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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