Automotive Glass Market to Garner $31.1 Billion by 2028 at 5.1% CAGR: Markets N research

The Automotive Glass market is projected to grow from USD 23.1 billion in 2021 and is projected to reach USD 31.1 billion by 2028; it is expected to grow at a CAGR of 5.1% from 2021 to 2028. Sales of automotive glass is anticipated to rise as the global automobile market expands and SUV sales rise. A further factor anticipated to increase demand is the release of smart glass and embedded connective technology devices. Manufacturers are compelled to provide novel automotive glass products by the industry's technological breakthroughs and the growing emphasis on vehicle aesthetics and design. During the assessment, such innovations are anticipated to accelerate market expansion.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 @ https://marketsnresearch.com/sample/1556

𝐓𝐡𝐞 𝐭𝐞𝐦𝐩𝐞𝐫𝐞𝐝 𝐠𝐥𝐚𝐬𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐚𝐭 𝐚 𝐡𝐢𝐠𝐡 𝐂𝐀𝐆𝐑 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟐 𝐭𝐨 𝟐𝟎𝟐𝟖

The tempered glass market is predicted to expand rapidly over the forecast period. Tempered glass is well-known for its high rigidity, which protects vehicle occupants in an accident. Tempered glass is commonly used in passenger car windows, while laminated glass is utilized in windshields. Increased safety restrictions on automotive glass and increased passenger vehicle sales will aid in penetrating tempered glass in automobile manufacturing.

𝐓𝐡𝐞 𝐬𝐢𝐝𝐞𝐥𝐢𝐭𝐞𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐚𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐠𝐥𝐚𝐬𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐛𝐞 𝐭𝐡𝐞 𝐟𝐚𝐬𝐭𝐞𝐬𝐭-𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐧𝐨𝐝𝐞 𝐬𝐢𝐳𝐞 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝

The sidelites segment revenue is anticipated to increase significantly. The sidelites automotive glass shields the driver and passengers from UV rays, wind, debris, and harsh weather. Automotive glass producers are also developing sidelites glass that can maintain a cool interior regardless of the outside temperature. The demand for sidelites glass, which not only offers protection but also improves the aesthetic appeal of the automobile, is fuelled further by the production of electric vehicles.

𝐒𝐮𝐧𝐫𝐨𝐨𝐟 𝐜𝐚𝐭𝐞𝐠𝐨𝐫𝐲 𝐨𝐟 𝐚𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐠𝐥𝐚𝐬𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐭𝐨 𝐫𝐞𝐜𝐨𝐫𝐝 𝐡𝐢𝐠𝐡𝐞𝐬𝐭 𝐂𝐀𝐆𝐑 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟐 𝐓𝐎 𝟐𝟎𝟐𝟖

The sunroof sector is expected to grow significantly in the automotive glass market. A sunroof gives more control over how much light can enter the car. Market expansion in this sector is probably driven by rising investments by new market entrants and the demand for energy-efficient products. Additionally, several governments, particularly those in developing nations, actively promote environmentally friendly automobiles to comply with ever-stricter emission standards. For instance, Panasonic created a 180-W solar photovoltaic car roof for the Toyota Prius plug-in hybrid electric vehicle (PHEV), which is predicted to boost vehicle economy by up to 10%. Hence, numerous investments by market players and government financing have spurred the progress of solar sunroof technology, likely to fuel the sunroof segment expansion.

𝐑𝐞𝐚𝐝 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://marketsnresearch.com/report/1556/global-automotive-glass-market

𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐭𝐨 𝐡𝐨𝐥𝐝 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐚𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐠𝐥𝐚𝐬𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐡𝐚𝐫𝐞 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟐 𝐭𝐨 𝟐𝟎𝟐𝟖

The Asia Pacific to hold the largest automotive glass market share from 2022 to 2028 due to the region's rapid increase in vehicle manufacturing. The strong economic expansion, increasing disposable income, and consequent rise in the region's need for commercial cars all contribute to the growth. The region's automotive glass market is expanding due to increased investments in the automotive sector. Furthermore, the world's largest auto manufacturer in China. The region's automotive glass market is expanding as a result of the large economic resources available for the assembly and production of automotive parts in China and India, the presence of well-established glass manufacturing companies, expanding R&D capabilities, and the construction of several new production facilities in China to meet the expanding demand for electric vehicles. For instance, in November 2019, a joint venture agreement was signed between SAIC and Volkswagen to establish its first manufacturing facility in Anting, China. Production started there in October 2020 with a 300,000-unit capacity per year.

Key players in the automotive glass market include AGC Inc., Corning Incorporated, Central Glass Co. Ltd., Fuyao Glass Industry Group Co., Ltd., Saint-Gobain, Taiwan Glass Ind Corp, Xinyi Glass Holdings Co., Ltd. Guardian Industries, Nippon Sheet Glass Co. Ltd., and ÅžiÅŸecam Group are among a few emerging companies in the automotive glass market.

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