In terms of revenue, the Global Automotive Glass Market is expected to reach USD 31.2 Billion by 2028, growing at a CAGR (Compound Annual Growth Rate) of 5.1% from 2022 to 2028.
Customers in the recent times desire cars that are resistant to water and wind, as well as protected from the sun, rain, dust, fog, and other environmental hazards. Automotive Glass is a vital part of a vehicle with such innovations, facilitating the market growth. Another major element fueling the expansion of the worldwide Automotive Glass industry is the rising preference of consumers for high-end automobiles with advanced convenience and safety features, such as glass sunroofs.
Key Highlights from Report:
● Among Glass Type segment, the Tempered Glass segment is anticipated to dominate the Automotive Glass Market. This is due to the factors such as high strength, robustness, and low cost.
● The Moon/Sun Roof segment, of the Application segment, accounted for the largest market share. It supplies more control to the user for managing natural light in the vehicle. This segment will likely prosper owing to the integration of sunroofs in affordable cars.
● Asia Pacific held the Automotive Glass Market share and is anticipated to be the most lucrative market during the forecast period. This surge is because of several Automotive Glass manufacturers and mounting automotive production in this region.
The growth of the Global Automotive Glass Market can be attributable to significant factors such as the increase in consumer inclination toward luxury and premium cars equipped with superior utility and safety features. In addition, the growing purchasing power of consumers, the rapid urbanization in emerging countries, and the high adoption of electric and hybrid vehicles worldwide are other vital aspects that will likely propel the demand and boost the Automotive Glass production. Moreover, the rising variety of technological innovations, including the growth of innovative Automotive Glass and its integration with in-vehicle entertainment systems, will also fuel the development of this market.
Furthermore, the market is highly strengthened due to the emergence of fresh market entrants, and a rise in automotive production is expected. Also, the existing vital participants form joint ventures and strategic partnerships to increase their geographical existence, which will impact the market development.
Asia Pacific Automotive Glass Market is anticipated to dominate the market with the highest CAGR (Compound Annual Growth Rate) and continue its dominance in the coming years. The region’s market growth can be attributable to the increase in population and the improving economic conditions leading to the surge in vehicle production. In addition, the emerging countries and the powerful presence of manufacturers in China, India, and Japan are expected to propel regional market growth. Moreover, the increase in consumer preferences towards vehicle safety, comforts, and style is driving the market growth in this region. Besides, the rapid changes in regulations to make transportation more advanced on the technology front and the high population base in this region will create more opportunities in the Automotive Glass Market.
The Global Automotive Glass Market is Segmented as follows:
- Glass Type
- Laminated Glass
- Tempered Glass
- Back Glass
- Door Glass
- Quarter Glass
- Vent Glass
- Moon/Sun Roof
- Vehicle Type
- Passenger Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Electric Vehicles
- Sales Channel
- Original Equipment Manufacturers (OEM)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
List of the Key Players of the Global Automotive Glass Market is:
Dura Automotive Systems, Saint-Gobain S.A., Asahi Glass Co. Ltd., Fuyao Glass Industry Group Co. Ltd., Nippon Sheet Glass Co. Ltd., Xinyi Glass Holding Ltd., Central Glass Co. Ltd., Glas Trosch Holding AG, Gentex Corporation, Magna International Inc., Vitro S.A.B de C.V., Guardian Industries Corporation
The Global Automotive Glass Market Scope can be Tabulated as below:
|Market Size Provided for Years||2016-2028|
|Regions & Counties Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|