Press release
Automotive Glass Market to Reach US$ 27.6 Billion 2024-2032, Driven by 5.4% CAGR
Automotive Glass Market
The global automotive glass market size reached US$ 18.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 27.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032.
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Automotive glass is a specialized type of glass specifically designed for use in vehicles. It plays a crucial role in the safety, performance, and aesthetics of automobiles. There are mainly two types of automotive glass, laminated and tempered glass, each serving distinct purposes and possessing unique properties. It's manufactured by bonding two layers of glass with a layer of polyvinyl butyral (PVB) in between. This composition is critical for safety, in the event of an impact, but the pieces remain adhered to the PVB layer, reducing the risk of injury from sharp edges. Additionally, laminated glass is effective in blocking UV rays and soundproofing. Automotive glass is also increasingly featuring advanced technologies. These include heated windshields for defrosting, heads-up displays (HUD) for projecting information onto the windshield, and smart glass capable of adjusting its tint to control light and heat entering the vehicle.
Market Trends:
The rising demand for vehicles, including passenger cars and commercial vehicles, fueled by increasing urbanization and economic growth, is driving the global market. As the automotive industry expands, so does the demand for automotive glass, which is essential for vehicle manufacturing. Moreover, technological advancements play a pivotal role in this market's growth. Innovations in automotive glass, such as smart glass technologies that offer features, such as light control and improved energy efficiency, are increasingly being adopted. These advancements enhance passenger comfort and safety, making them highly desirable in both new and existing vehicles. Additionally, the development of lightweight and durable glass contributes to better fuel efficiency and reduced emissions, aligning with the global push towards environmentally friendly vehicles. Besides, the growing trend of vehicle customization and luxury vehicle sales further fuels the demand for high-quality automotive glass.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/automotive-glass-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
• Asahi Glass
• Corning
• Fuyao Glass
• Gentex
• Hitachi Chemical
• Magna
• Nippon Sheet Glass
• PGW
• Polytronix
• Saint-Gobain
• Samvardhana Motherson
• Webasto
• Xinyi Glass Ltd.
Automotive Glass Market Segmentation:
Our report has categorized the market based on region, glass type, material type, vehicle type, application, end-user and technology.
Breakup by Glass Type:
• Laminated Glass
• Tempered Glass
• Others
Breakup by Material Type:
• IR PVB
• Metal Coated Glass
• Tinted Glass
• Others
Breakup by Vehicle Type:
• Passenger Cars
• Light Commercial Vehicles
• Trucks
• Buses
• Others
Breakup by Application:
• Windshield
• Sidelite
• Backlite
• Rear Quarter Glass
• Sideview Mirror
• Rearview Mirror
• Others
Breakup by End-User:
• OEMs
• Aftermarket Suppliers
Breakup by Technology:
• Active Smart Glass
o Suspended Particle Glass
o Electrochromic Glass
o Liquid Crystal Glass
• Passive Glass
o Thermochromic
o Photochromic
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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