Automotive Glass Market Insights: Expected to Expand at a CAGR of 5.5% Over the Forecast Period

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 is a Business Consultancy Firm that has published a detailed analysis of the Automotive Glass Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Automotive Glass market by thorough analysis, and projections are made up to 2030.

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Automotive Glass Market Scope and Methodology:

The Automotive Glass market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Automotive Glass market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.

Also, the research offers detailed insights into the dynamics of the Automotive Glass market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Automotive Glass market were developed. The study provides a thorough value chain analysis that clarifies the Automotive Glass production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Automotive Glass market on a global and micro level.

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Automotive Glass Market Regional Insights :

The size and trends in the Automotive Glass market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).

Automotive Glass Market Segmentation:

by Glass Type

Laminated
Tempered

In terms of glass type, the automotive glass market share that was most dominant in 2023 was held by the laminated sector. Its substantial portion is ascribed to elements like robustness, high strength, and low cost. This form of glass is more affordable than laminated automobile glass and has a strength that is four to five times more than that of a simple float. It is therefore the most used kind of glass in automobiles, especially for windows and backlights.

by Vehicle

Passenger Car
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles

In 2023, passenger cars overtook trucks as the most popular vehicle category. Over the course of the forecast period, sales of passenger cars are predicted to expand at a CAGR of 4.3%. Numerous factors contribute to this, such as changing consumer preferences, an expanding middle class, and increased environmental concerns regarding the usage of lightweight, low-emission automobiles on the road. The passenger car category is anticipated to lead the market during the forecast period. It is anticipated that rising passenger car sales in China and India would advance this category. The growing need for intra-city trucks and buses along with the growing appeal of crossover SUVs is anticipated to propel the LCV segment's growth in the market.

by Application

Windshield
Sidelite
Backlite
Sunroof
Others

In 2023, the Windshield category had the biggest market share based on application. Because the windshield is so important to a car's design, glass and automotive makers are working together to create new technologies that will improve the windshield's features and appearance. During the course of the forecast period, for example, the introduction of new types of windshields with self-cleaning glass is expected to boost segment growth.

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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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Key questions answered in the Automotive Glass Market are:

What is Automotive Glass?
What was the Automotive Glass market size in 2023?
Which are the factors expected to drive the Automotive Glass market growth?
Who are the leading companies and what are their portfolios in Automotive Glass Market?
What growth strategies are the players considering to increase their presence in Automotive Glass?
What are the upcoming industry applications and trends for the Automotive Glass Market?
What will be the CAGR at which the Automotive Glass market will grow?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Glass Market?
What are the different segments of the Automotive Glass Market?
What is the growth rate of the Automotive Glass Market?
What segments are covered in the Automotive Glass Market?
Who are the key players in the Automotive Glass market?
What are the key challenges and opportunities in the Automotive Glass market?
Which application holds the highest potential in the Automotive Glass market?
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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by different segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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