Automotive Glass Market size was valued at USD 24.27 Bn in 2023 and is expected to reach USD 35.31 Bn by 2030, at a CAGR of 5.5 %.
Automotive Glass Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Automotive Glass Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Automotive Glass market, with forecasts outspreading to the year 2030.
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Automotive Glass Market Scope and Methodology:
Maximize market research covers competitive landscape, key competitors and their market shares for better understanding of the industry. The report also discusses new product developments and technology trends. The report provides a detailed overview of the Automotive Glass market through both quantitative and qualitative analysis. The report aims to help readers develop business strategies and assess their position in the market by providing a comprehensive analysis of the competitive landscape. The purpose of the report is to provide the necessary information to make an informed decision regarding the Automotive Glass market. In addition, the report delivers information on revenue, sales volume, and average price of the entire market and sub-segments in various segments and regions to assist portable notebook manufacturers, new entrants, and companies involved in the industry chain market.
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Automotive Glass Market Regional Insights:
In a regional analysis, the Automotive Glass market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. These regions are classified as corresponding countries such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia, and South Korea.
Automotive Glass Market Segmentation:
by Glass Type
Laminated
Tempered
In terms of glass type, the automotive glass market share that was most dominant in 2023 was held by the laminated sector. Its substantial portion is ascribed to elements like robustness, high strength, and low cost. This form of glass is more affordable than laminated automobile glass and has a strength that is four to five times more than that of a simple float. It is therefore the most used kind of glass in automobiles, especially for windows and backlights.
by Vehicle
Passenger Car
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles
In 2023, passenger cars overtook trucks as the most popular vehicle category. Over the course of the forecast period, sales of passenger cars are predicted to expand at a CAGR of 4.3%. Numerous factors contribute to this, such as changing consumer preferences, an expanding middle class, and increased environmental concerns regarding the usage of lightweight, low-emission automobiles on the road. The passenger car category is anticipated to lead the market during the forecast period. It is anticipated that rising passenger car sales in China and India would advance this category. The growing need for intra-city trucks and buses along with the growing appeal of crossover SUVs is anticipated to propel the LCV segment's growth in the market.
by Application
Windshield
Sidelite
Backlite
Sunroof
Others
In 2023, the Windshield category had the biggest market share based on application. Because the windshield is so important to a car's design, glass and automotive makers are working together to create new technologies that will improve the windshield's features and appearance. During the course of the forecast period, for example, the introduction of new types of windshields with self-cleaning glass is expected to boost segment growth.
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Automotive Glass Market Key Players:
North America
1. PPG Industries - (USA)
2. Corning - (USA)
3. Gentex Corporation - (USA)
4. LKQ Corporation - (USA)
5. Magna International Inc. - (Canada)
6. Vitro, S.A.B. de C.V. - (Mexico)
7. Guardian Industries Corporation - (USA)
Asia Pacific
8. Asahi Glass Co., Ltd. - (Japan)
9. Fuyao Glass Market Group Co., Ltd. - (China)
10. Nippon Sheet Glass Co., Ltd. - (Japan)
11. Xinyi Glass Holdings Ltd. - (China)
12. Samvardhana Motherson - (India)
13. Shenzhen Benson Automobile Glass Co., Ltd. - (China)
14. Central Glass Co., Ltd. - (Japan)
15. AGC Ltd. - (Japan)
16. NSG Group - (Japan)
Europe
17. Webasto - (Germany)
18. Pilkington Glass - (United Kingdom)
19. Glas Trösch Holding AG - (Switzerland)
20. Saint-Gobain S.A. - (France)
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Key questions answered in the Automotive Glass Market are:
- What is Automotive Glass?
- What was the Automotive Glass market size in 2023?
- What is the growth rate of the Automotive Glass Market?
- What is the CAGR at which the Automotive Glass market will grow during the forecast period?
- What are the different segments of the Automotive Glass Market?
- Which is the fastest-growing region in the Automotive Glass market?
- Which are the factors expected to drive the Automotive Glass market growth?
- What growth strategies are the players considering to increase their presence in Automotive Glass?
- What are the upcoming opportunities and trends for the Automotive Glass Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Glass Market?
- What segments are covered in the Automotive Glass Market?
- Who are the key players in the Automotive Glass market?
- Who are the leading companies and what are their portfolios in Automotive Glass Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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