The latest report by IMARC Group, titled “Automotive Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” offers a comprehensive analysis of the industry, which comprises insights on the global automotive glass market size. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global automotive glass market size reached US$ 17.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.
Automotive Glass Market Overview:
Automotive glass, a critical component of vehicles, includes windshields, side windows, and rear windows. Designed to provide visibility, protection, and structural support, it ensures driver safety and enhances the overall driving experience. Modern automotive glass is laminated, consisting of layers that prevent shattering upon impact, promoting passenger safety. Additionally, some automotive glass features tinting to reduce glare and UV rays, enhancing comfort. Smart glass with adjustable transparency is becoming popular as technology advances, offering improved aesthetics and functionality. From safety to aesthetics, automotive glass is essential in vehicle design, performance, and occupant well-being.
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Global Automotive Glass Market Trends:
The global market is majorly driven by the increasing production of automobiles. In line with this, the stringent safety regulations requiring high-quality glass for enhanced occupant protection drive market growth. Furthermore, the rising integration of advanced features like heads-up displays and sensors in glass fuels the demand for specialized automotive glass. Apart from this, the growing electric vehicle market requires specific glass solutions to meet design and efficiency needs, catalyzing product adoption.
Moreover, the expanding urban areas and infrastructure development stimulate vehicle demand, boosting automotive glass sales. Besides, the consumer preference for personalized vehicle aesthetics drives the demand for specialty and tinted glass options. Additionally, the development of smart glass with adjustable transparency and augmented reality capabilities contributes to market expansion.
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Global Automotive Glass Market 2023-2028 Analysis and Segmentation:
Competitive Landscape with Key Players:
- AGC Inc.
- Corning Incorporated
- Fuyao Glass Industry Group Co., Ltd.
- Gentex Corporation
- Hitachi Chemical Co., Ltd.
- Magna International Inc.
- Nippon Sheet Glass Co., Ltd
- PGW Auto Glass, LLC
- Polytronix, Inc.
- Saint-Gobain Group
- MothersonSumi INfotech & Designs Ltd (MIND)
- Webasto SE
- Xinyi Glass Holdings Limited.
Breakup by Glass Type:
- Laminated Glass
- Tempered Glass
Breakup by Material Type:
- IR PVB
- Metal Coated Glass
- Tinted Glass
Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Trucks
- Buses
Breakup by Application:
- Windshield
- Sidelite
- Backlite
- Rear Quarter Glass
- Sideview Mirror
- Rearview Mirror
- Others
Breakup by End-User:
- OEMs
- Aftermarket Suppliers
Breakup by Technology:
- Active Smart Glass
- Suspended Particle Glass
- Electrochromic Glass
- Liquid Crystal Glass
- Passive Glass
- Thermochromic
- Photochromic
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.
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