Meticulous Research®, a renowned global market research firm, has unveiled its latest report titled, “Automotive Glass Market by Glass Type (Laminated Glass, Tempered Glass), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Electric Vehicles), Sales Channel, Application (Sidelight, Windshield, Sunroof), and Geography—Forecast to 2031.”
According to the findings from Meticulous Research®, the worldwide automotive glass market is on track to reach $28.3 billion by 2031, with an anticipated CAGR of 8.9% throughout the forecast period.
Key drivers of this market growth include the rising demand for electric and hybrid vehicles, a surge in vehicle sales, and the increasing adoption of sunroofs in passenger vehicles. However, the market's expansion is hindered by the high initial and setup costs associated with automotive glass manufacturing and volatile raw material prices.
The report also highlights significant growth opportunities driven by the increasing application of smart glass in the automotive industry. Nonetheless, safety concerns related to laminated glass present a challenge to market growth.
To provide a comprehensive analysis, Meticulous Research® has segmented the market by glass type, vehicle type, sales channel, application, and geography. The report also includes an in-depth analysis of the competitive landscape and examines market dynamics at both regional and country levels.
In terms of glass type, the market is divided into laminated glass, tempered glass, and other types. Laminated glass is expected to dominate the market in 2024, thanks to rising consumer demand for safety features and its extensive use in windshields and side windows. This segment is also projected to exhibit the highest growth rate during the forecast period.
When segmented by vehicle type, the market includes passenger cars, light commercial vehicles, heavy commercial vehicles, electric vehicles, and other types. Passenger cars are projected to hold the largest market share in 2024, driven by increasing consumer disposable income and shifting preferences. The electric vehicle segment, however, is expected to experience the fastest growth, fueled by supportive government policies, increased investment in EV technology by major automakers, and growing environmental concerns.
The market is also segmented by sales channel into OEMs and aftermarket. The OEM segment is poised to capture the largest share of the market in 2024, driven by the rising demand for high-quality automotive glass, advancements in vehicle technology, and a strong consumer preference for OEM glass due to its warranty and reliability. This segment is also anticipated to grow at the highest CAGR during the forecast period.
In the application segment, the market is categorized into sidelight, windshield, sunroof, rear window, taillight, and other applications. Windshields are expected to capture the largest market share in 2024, propelled by the demand for safety, soundproofing, and UV protection in vehicles. Conversely, the sunroof segment is projected to grow at the highest CAGR, driven by increased sunroof adoption in passenger vehicles, technological advancements, and changing consumer tastes.
Geographically, the report divides the market into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is forecasted to lead the global automotive glass market in 2024, with growth driven by increasing vehicle production, rising demand for electric vehicles, and heightened government focus on vehicle safety in the region. This region is also expected to post the highest CAGR over the forecast period.
Key Players:
The key players operating in the global automotive glass market are AGC Inc. (Japan), Nippon Sheet Glass Co., Ltd. (Japan), Fuyao Glass Industry Group Co., Ltd. (China), Xinyi Glass Holdings Limited. (Hong Kong), Saint-Gobain (France), Webasto Group (Germany), Magna International Inc. (Canada), Corning Incorporated (U.S.), Guardian Industries (U.S.), Gentex Corporation (U.S.), TAIWAN GLASS IND. CORP. (Taiwan), Central Glass Co., Ltd. (Japan), Motherson Group (India), Schott AG (Germany), Vitro (Mexico), and Sisecam Otomotiv A.S. (Turkey).
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5761
Key questions answered in the report:
- Which are the high-growth market segments in terms of glass type, vehicle type, sales channel, application, and geography?
- What is the historical market for automotive glass?
- What are the market forecasts and estimates for the period 2024–2031?
- What are the major drivers, restraints, and opportunities in the global automotive glass market?
- Who are the major players in the global automotive glass market, and what are their market shares?
- What is the competitive landscape like?
- What are the recent developments in the global automotive glass market?
- How do major players adopt the different strategies in this market?
- What are the geographic trends and high-growth regions in the market?
- Who are the emerging players in the global automotive glass market, and how do they compete with the other players?
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Meticulous Research®, a renowned global market research firm, has unveiled its latest report titled, “ Automotive Glass Market by Glass Type (Laminated Glass, Tempered Glass), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Electric Vehicles), Sales Channel, Application (Sidelight, Windshield, Sunroof), and Geography—Forecast to 2031.”
According to the findings from Meticulous Research®, the worldwide automotive glass market is on track to reach $28.3 billion by 2031, with an anticipated CAGR of 8.9% throughout the forecast period.
Key drivers of this market growth include the rising demand for electric and hybrid vehicles, a surge in vehicle sales, and the increasing adoption of sunroofs in passenger vehicles. However, the market's expansion is hindered by the high initial and setup costs associated with automotive glass manufacturing and volatile raw material prices.
The report also highlights significant growth opportunities driven by the increasing application of smart glass in the automotive industry. Nonetheless, safety concerns related to laminated glass present a challenge to market growth.
To provide a comprehensive analysis, Meticulous Research® has segmented the market by glass type, vehicle type, sales channel, application, and geography. The report also includes an in-depth analysis of the competitive landscape and examines market dynamics at both regional and country levels.
In terms of glass type, the market is divided into laminated glass, tempered glass, and other types. Laminated glass is expected to dominate the market in 2024, thanks to rising consumer demand for safety features and its extensive use in windshields and side windows. This segment is also projected to exhibit the highest growth rate during the forecast period.
When segmented by vehicle type, the market includes passenger cars, light commercial vehicles, heavy commercial vehicles, electric vehicles, and other types. Passenger cars are projected to hold the largest market share in 2024, driven by increasing consumer disposable income and shifting preferences. The electric vehicle segment, however, is expected to experience the fastest growth, fueled by supportive government policies, increased investment in EV technology by major automakers, and growing environmental concerns.
The market is also segmented by sales channel into OEMs and aftermarket. The OEM segment is poised to capture the largest share of the market in 2024, driven by the rising demand for high-quality automotive glass, advancements in vehicle technology, and a strong consumer preference for OEM glass due to its warranty and reliability. This segment is also anticipated to grow at the highest CAGR during the forecast period.
In the application segment, the market is categorized into sidelight, windshield, sunroof, rear window, taillight, and other applications. Windshields are expected to capture the largest market share in 2024, propelled by the demand for safety, soundproofing, and UV protection in vehicles. Conversely, the sunroof segment is projected to grow at the highest CAGR, driven by increased sunroof adoption in passenger vehicles, technological advancements, and changing consumer tastes.
Geographically, the report divides the market into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is forecasted to lead the global automotive glass market in 2024, with growth driven by increasing vehicle production, rising demand for electric vehicles, and heightened government focus on vehicle safety in the region. This region is also expected to post the highest CAGR over the forecast period.
Key Players:
The key players operating in the global automotive glass market are AGC Inc. (Japan), Nippon Sheet Glass Co., Ltd. (Japan), Fuyao Glass Industry Group Co., Ltd. (China), Xinyi Glass Holdings Limited. (Hong Kong), Saint-Gobain (France), Webasto Group (Germany), Magna International Inc. (Canada), Corning Incorporated (U.S.), Guardian Industries (U.S.), Gentex Corporation (U.S.), TAIWAN GLASS IND. CORP. (Taiwan), Central Glass Co., Ltd. (Japan), Motherson Group (India), Schott AG (Germany), Vitro (Mexico), and Sisecam Otomotiv A.S. (Turkey).
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5761
Key questions answered in the report:
- Which are the high-growth market segments in terms of glass type, vehicle type, sales channel, application, and geography?
- What is the historical market for automotive glass?
- What are the market forecasts and estimates for the period 2024–2031?
- What are the major drivers, restraints, and opportunities in the global automotive glass market?
- Who are the major players in the global automotive glass market, and what are their market shares?
- What is the competitive landscape like?
- What are the recent developments in the global automotive glass market?
- How do major players adopt the different strategies in this market?
- What are the geographic trends and high-growth regions in the market?
- Who are the emerging players in the global automotive glass market, and how do they compete with the other players?
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
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