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Automotive Glass Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2029

10-27-2023 06:56 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Automotive Glass Market Comprehensive Insight by Growth Rate,

The global automotive glass market is anticipated to grow at a CAGR of 4.0% during the forecast period (2023-2030). Demand for automobile glass is on the rise owing to factors such as the increasing production of SUVs, rising demand for safety features, and the widespread implementation of smart glass technology in premium luxury vehicles. In March 2023, Automotive Glass Experts (AGE) announced a collaboration with Xinyi Glass (XYG) to create an exclusive range of glass for the AGE network, focusing on safety and high quality. This collaboration reflected in the automotive glass which bears the AGE logo, signifies that the glass has been produced to the highest standards and has undergone testing to ensure its quality thus guaranteeing safety and performance following a replacement service. In addition, the market is also expected to benefit from the growing demand for smart glass technologies, coupled with the presence of the major players operating in the automotive glass market that include Dura Automotive Systems, Saint-Gobain S.A., Asahi Glass Co. Ltd., Fuyao Glass Industry Group Co. Ltd., Nippon Sheet Glass Co. Ltd., and others.

Increasing sales of automotive vehicles, along with funding offered by key manufacturers is another factor that boosts the market growth. For instance, in April 2022, Fuyao Glass America Inc. invested $34.5 million in its Greenville County operations. The funding expands the manufacturing footprint in Greenville County and the Upstate, a key region for the automotive industry. This expansion strengthens the company's relationship with customers and accommodates increased demand for automotive glass products. Moreover, according to the European Automobile Manufacturers Association, in 2022, Europe accounts for 19.5% of global passenger car sales, coming third after Asia which accounted for 51.6%, and the Americas 23.7%. As per the same source, in April 2023, the EU car market saw a significant increase in passenger car registrations, with 803,188 units sold, marking a 17.2% growth from 2022. All the EU's major markets grew solidly last month, with Italy at 29.2%, and France at 21.9%, leading the way.

To Request a Sample of our Report on Automotive Glass Market: https://www.omrglobal.com/request-sample/automotive-glass-market

Market Coverage

• The market number available for - 2022-2030

• Base year- 2022

• Forecast period- 2023-2030

Segment Covered-

· By Glass Type

· By Application

· By Vehicle Type

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

• Competitive Landscape- including AGC Inc., Benson Auto Glass, LLC, Carlex Glass America, LLC, Central Glass Co., Ltd. and among others.

Automotive Glass Market Report Segment

By Glass Type

• Laminated Glass

• Tempered Glass

• Solar Glass

• Heated Glass

By Application

• Windshield

• Sidelite

• Backlite

• Sunroof

By Vehicle Type

• Passenger Cars

• Light Commercial Vehicles

• Heavy Commercial Vehicles

• Electric Vehicles



A full Report of Automotive Glass Market is Available @ https://www.omrglobal.com/industry-reports/automotive-glass-market

Automotive Glass Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

• AGC Group

• Benson Auto Glass, LLC

• Carlex Glass America, LLC

• Corning Inc.

• Fuyao Glass Industry Group Co., Ltd.

• Gentex Corp.

• Koch Industries, Inc. (Guardian Industries Holdings, LLC)

• Magna International Inc.

• Motherson Group

• Saint-Gobain Sekurit/ Saint Gobain

• SCHOTT AG

• Vitro, S.A.B. de C.V. (Vitro)

• Webasto Group

Reasons to buy from us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/automotive-glass-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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