The automotive glazing global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automotive Glazing Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automotive glazing market size has grown strongly in recent years. It will grow from $20.08 billion in 2023 to $21.46 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to emphasis on reducing vehicle weight to improve fuel efficiency, increasing consumer demand for vehicles, the rising importance of acoustic comfort in vehicles, increased awareness of the harmful effects of UV radiation, and growing environmental consciousness.
The automotive glazing market size is expected to see strong growth in the next few years. It will grow to $28.14 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to rapid urbanization, expansion of the automotive aftermarket, rising demand for luxury and premium vehicles, globalization of automotive production, and growth of electric and hybrid vehicles. Major trends in the forecast period include the implementation of stringent safety standards and regulations, the development of advanced glazing technologies, advancements in smart glass technologies, infrastructure development, and advancements in manufacturing techniques.
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Scope Of Automotive Glazing Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automotive Glazing Market Overview
Market Drivers –
The increasing vehicle production is expected to propel the growth of the automotive glazing market going forward. Vehicle production is rising due to increasing investment in vehicle technology driven by environmental regulations and consumer demand for sustainable transportation options. Automotive glazing improves vehicle safety, comfort, and aesthetics by using advanced glass technologies. It enhances visibility, reduces noise, and provides UV protection. For instance, in May 2023, according to the European Automobile Manufacturers Association (ACEA), a Belgium-based lobbying and standards group of the automobile industry in the European Union, in 2022, 85.4 million motor vehicles were manufactured globally, marking a 5.7% increase from 2021. Therefore, the increasing vehicle production is driving the growth of the automotive glazing market.
Market Trends –
Major companies operating in the automotive glazing market are focusing on developing advanced products, such as integrated solar power generation capabilities, to gain a competitive edge in the market. Automotive glass with integrated solar power generation capability incorporates photovoltaic cells within the glass to convert sunlight into electricity. This innovation allows vehicles to harness solar energy, potentially powering various systems or extending the range of electric vehicles. For instance, in March 2024, AGC Automotive Europe S.A., a Belgium-based automotive glass manufacturing company, introduced a photovoltaic panoramic sunroof for passenger vehicles, including sedans, SUVs, and minivans. This sunroof, constructed with glass-glass technology, can generate between 170 W and 380 W of power, depending on the surface area available for solar cells. It incorporates high-efficiency solar cells with an efficiency greater than 25%, such as n-type monocrystalline silicon tunnel oxide passivated (TOPCon), heterojunction (HJT), or n-type back contact (xBC) solar cells.
The automotive glazing market covered in this report is segmented –
1) By Type: Single Glazing, Double Glazing, Triple Low-E glazing
2) By Material: Laminated, Tempered, Polycarbonate (PB)
3) By Technology: Sun Control Glazing, Hydrophobic Glazing, Switchable Glazing, Conventional
4) By Application: Windscreen, Sidelight, Bakelite
5) By Sales Channel: Original Equipment Manufacturers (OEM), Aftermarket
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Regional Insights –
Asia-Pacific was the largest region in the automotive glazing market in 2023. The regions covered in the automotive glazing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the automotive glazing market are Compagnie de Saint-Gobain S.A., Saudi Basic Industries Corporation, Magna International Inc., Evonik Industries AG, Bayer MaterialScience, PPG Industries Inc., Asahi Glass Corporation, Corning Incorporated, Teijin Limited, Sisecam Automotive Bulgaria EAD, Trinseo PLC, Nippon Sheet Glass Co. Ltd, Fuyao Glass Industry Group Co. Ltd, Guardian Industries, Webasto Thermo & Comfort, Xinyi Glass Holdings Limited, Gentex Corporation, Pilkington Brothers Limited, Vitro SAB de CV, Glaston Corporation, Chi Mei Corporation, Dongguan Benson Automobile Glass Co, KRD Sicherheitstechnik GmbH
Table of Contents
1. Executive Summary
2. Automotive Glazing Market Report Structure
3. Automotive Glazing Market Trends And Strategies
4. Automotive Glazing Market – Macro Economic Scenario
5. Automotive Glazing Market Size And Growth
…..
27. Automotive Glazing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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