Global Automotive Glass Market was valued at USD 19.78 billion in 2021 and is expected to reach USD 29.45 billion by 2029, registering a CAGR of 5.10% during the forecast period of 2022-2029.
Automobile windscreens and windows are made of laminated or tempered glass, which is referred to as automotive glass. In order to withstand intense heat and impacts without breaking, laminated glass is made by sandwiching a layer of polyvinyl butyral (PB) between two sheets of glass. The passenger safety is improved by using tempered glass, which is produced as a one-ply product and breaks into non-sharp fragments. In addition, automotive glass offers outstanding aerodynamic properties, water resistance, and defence against ultraviolet (UV) radiation, rain, fog, dust, sun, and outside noises.
This report on the global automotive glass market details recent developments, trade laws, import-export analysis, production analysis, value chain optimisation, market share, the effects of domestic and localised market participants, analyses opportunities in terms of emerging revenue pockets, changes in market laws, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, ge Contact us for more details on the automotive glass industry. Our team will assist you in making an informed market decision to achieve market growth. We Market Research for an Analyst Brief.
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Global Automotive Glass Market – Segmentation
Global automotive glass market is segmented based on product type, application type, end use type and vehicle type.
Based on the vehicle type the market is classified into,
• Tempered
• Laminated
• Others
Based on the Application type the market is classified into,
• Windscreen
• Backlite
• Sidelite
• Sunroof
Based on the End-use type the market is classified into,
• Original Equipment Manufacturer (OEM)
• Aftermarket Replacement (ARG)
Based on the vehicle type the market is classified into,
• Passenger Car
• Light Commercial
• Heavy Commercial
AGC Ltd., Saint-Gobain, Fuyao Glass Industry Group Co., Ltd., and NSG Group are some of the major players that are driving the growth of the market during the forecast period.
Global Automotive Glass Market – Regional Analysis
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.
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One of the main factors influencing the market is the global automobile industry’s rapid rise. The market is expanding rapidly as a result of rising consumer preference for luxury and premium vehicles that are fitted with cutting-edge utility and safety features, like glass sunroofs. Also, a number of technological advancements, such as the creation of smart automotive glass and its integration with in-car entertainment systems, are accelerating market expansion. Smart glass may alter the amount of light, voltage swings, and heat inside the car, which helps to increase overall driving efficiency, passenger comfort, and safety.
While having a similar appearance and feel to the regular glass used on your home windows or any other form of glass, automobile glass is very different. The shape of your car and other safety aspects are taken into consideration when designing and manufacturing automotive glass, which helps to keep passengers as safe as possible. Laminated glass and tempered glass are the two most common types of vehicle glass. The windscreen of the vehicles is made of laminated glass, while the side and rear windows are made of tempered glass. The automotive clever glass market’s fastest-growing generation is called suspended particle tool (SPD).
The market for automotive glass is divided into many categories based on product type, vehicle type, automotive glass by application, technology, smart glass market by application, and regional. Laminates and modifications are covered under type segmentation. It includes buses, trucks, light commercial vehicles, and passenger cars based on segmentation of vehicle types. The automotive glass is segmented by application and includes side and rearview mirrors, backlights, sidelights, and windscreens. It includes both active and passive glass based on technological division. The active glass market is further divided into electrochronic, suspended particle, and liquid crystal/polymer dispersed liquid crystal devices.
Key Benefits For Stakeholders
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the global automotive glass segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global automotive glass trends, key players, market segments, application areas, and market growth strategies.
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