Automotive Glass Market Forecasted at $28.3 Billion by 2031

July 12, 2024

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Meticulous Research®, a leading global market research company, has released a 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 latest publication from Meticulous Research®, the global automotive glass market is anticipated to achieve $28.3 billion by 2031, expanding at a CAGR of 8.9% during the forecast period. Growth in this market is driven by increasing demand for electric and hybrid vehicles, rising vehicle sales, and greater adoption of sunroofs in passenger cars. However, growth is hindered by high initial setup costs for automotive glass plants and fluctuations in raw material prices.

The report highlights the growing use of smart glass in the automotive sector as a significant opportunity, while safety concerns related to laminated glass present challenges.

For further insights and a comprehensive understanding, you can access the sample report here:https://www.meticulousresearch.com/download-sample-report/cp_id=5761

Market Segmentation and Insights:

1. By Glass Type:

· Laminated Glass: Expected to lead by 2024 due to safety preferences and extensive use in windshields and side windows, with the highest projected CAGR.

· Tempered Glass

· Other Glass Types

2. By Vehicle Type:

· Passenger Cars: Projected to dominate in 2024, driven by increasing disposable incomes and evolving consumer preferences.

· Electric Vehicles (EVs): Anticipated to register the highest CAGR, supported by government policies, investments, and environmental concerns.

· Light Commercial Vehicles

· Heavy Commercial Vehicles

· Other Vehicle Types

3. By Sales Channel:

· OEMs (Original Equipment Manufacturers): Expected to hold a larger market share by 2024, driven by demand for safety, quality, and advanced technologies.

· Aftermarket

4. By Application:

· Windshield: Expected to hold the largest share by 2024, driven by safety requirements and advanced features like sound insulation and UV protection.

· Sunroof: Projected to grow the fastest, supported by increased penetration in passenger vehicles and technological advancements.

· Sidelight

· Rear Window

· Taillight

· Other Applications

5. By Geography:

· Asia-Pacific: Expected to lead by 2024, fueled by growing vehicle production, EV demand, consumer preference for SUVs in China and India, and government focus on vehicle safety. This region also anticipates the highest CAGR.

· North America

· Europe

· Latin America

· Middle East & Africa

Key Players:

Major players in the global automotive glass market include AGC Inc., Nippon Sheet Glass Co., Ltd., Fuyao Glass Industry Group Co., Ltd., Xinyi Glass Holdings Limited, Saint-Gobain, Webasto Group, Magna International Inc., Corning Incorporated, Guardian Industries, Gentex Corporation, TAIWAN GLASS IND. CORP., Central Glass Co., Ltd., Motherson Group, Schott AG, Vitro, and Sisecam Otomotiv A.S.

DOWNLOAD FREE SAMPLE PDF : :https://www.meticulousresearch.com/download-sample-report/cp_id=5761

Key Questions Addressed in the Report:

· Identification of high-growth market segments by glass type, vehicle type, sales channel, application, and geography.

· Historical analysis of the automotive glass market.

· Forecasts and estimates for 2024–2031.

· Major drivers, restraints, and opportunities in the global market.

· Analysis of key players and their market shares.

· Competitive landscape and recent developments.

· Strategies adopted by major players.

· Geographic trends and high-growth regions.

To purchase the full report, click here : https://www.meticulousresearch.com/Checkout/73407003

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