Meticulous Research®, a globally recognized market research firm, has released a new 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 report, the global automotive glass market is expected to grow to $28.3 billion by 2031, with a projected CAGR of 8.9% over the forecast period.
The market's growth is primarily driven by the rising demand for electric and hybrid vehicles, increasing vehicle sales, and the growing popularity of sunroofs in passenger cars. However, the market faces constraints such as high setup costs for automotive glass plants and the volatility of raw material prices.
The report also highlights the increasing adoption of smart glass technology in vehicles as a significant growth opportunity. However, challenges related to the safety of laminated glass may impede market growth.
For a comprehensive analysis, Meticulous Research® has segmented the market by glass type, vehicle type, sales channel, application, and geographical region. The report also provides a competitive analysis and evaluates market dynamics at regional and national levels.
The automotive glass market is segmented by glass type into laminated glass, tempered glass, and other types. Laminated glass is expected to hold the largest market share in 2024, driven by rising consumer demand for safety features and its widespread use in windshields and side windows. This segment is also projected to register 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 others. The passenger car segment is anticipated to dominate the market in 2024, driven by increasing vehicle sales due to rising disposable incomes and changing consumer preferences. On the other hand, the electric vehicle segment is expected to grow at the fastest rate, supported by favorable government policies, increased investment in EV development by major automotive manufacturers, and growing environmental awareness.
Regarding sales channels, the market is divided into OEMs and aftermarket. The OEM segment is expected to capture the largest share of the market in 2024, driven by the increasing demand for high-quality automotive glass, the adoption of advanced vehicle technologies, and consumer preference for OEM glass due to its warranty and reliability. This segment is also projected to grow at the highest CAGR during the forecast period.
The application segment divides the market into sidelight, windshield, sunroof, rear window, taillight, and other uses. Windshields are expected to command the largest market share in 2024, driven by the demand for safety features, soundproofing, and UV protection in vehicles. Meanwhile, the sunroof segment is anticipated to grow at the highest rate, fueled by increasing sunroof adoption, technological advancements, and evolving consumer preferences.
Geographically, the global automotive glass market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is forecasted to lead the market in 2024, supported by increasing vehicle production, rising demand for electric vehicles, and growing government emphasis on vehicle safety in the region. This region is also projected to register the highest growth rate during 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).
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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?
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