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Automotive Glass Market Set to Surpass $28.3 Billion by 2031-Exclusive Report by Meticulous Research®

03-08-2024 11:29 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Meticulous Research®

/ PR Agency: Meticulous Research
Automotive Glass Market Set to Surpass $28.3 Billion

Meticulous Research®, a leading provider of market intelligence and consulting services, unveils its latest report, "Global Automotive Glass Market," offering a comprehensive analysis of the industry landscape. The report forecasts the global automotive glass market to reach a valuation of $28.3 billion by 2031, exhibiting a robust CAGR of 8.9% during the forecast period from 2024 to 2031.

Industry Overview:

The automotive glass industry encompasses the production, distribution, and installation of glass components utilized in vehicles. It caters to various applications, including windshields, side windows, rear windows, and sunroofs, providing structural integrity and safety features crucial for vehicle occupants. Automotive glass, primarily made of tempered or laminated safety glass, ensures safety, prevents shattering, and offers additional functionalities such as UV radiation protection and heads-up display integration.

Download Free Sample Report: https://www.meticulousresearch.com/download-sample-report/cp_id=5761

Market Dynamics:

Increasing vehicle production and sales worldwide are driving the demand for automotive glass. Supported by safety regulations, evolving consumer preferences, and technological advancements, the automotive glass market is poised for significant growth.

Market Segmentation:

The report segments the global automotive glass market based on glass type, vehicle type, sales channel, application, and geography, providing comprehensive insights into various industry segments.

Browse in depth @ https://www.meticulousresearch.com/product/automotive-glass-market-5761

Key Findings:

Glass Type Segmentation: Laminated glass is projected to dominate the market share and witness the highest CAGR during the forecast period, driven by increasing safety standards and its extensive use in windshields and side windows.

Vehicle Type Segmentation: Passenger cars are expected to hold the largest market share, while electric vehicles are anticipated to register the highest CAGR, attributed to supportive government policies, rising investments in EV development, and growing environmental concerns.

Request Free Research Report Sample: https://www.meticulousresearch.com/request-sample-report/cp_id=5761

Sales Channel Segmentation: OEMs are projected to account for the larger market share, with the highest CAGR, owing to increasing demand for safety and quality in automotive glass and growing adoption of advanced technologies in vehicles.

Application Segmentation: Windshields are expected to dominate the market share, while the sunroof segment is forecasted to register the highest CAGR, driven by increasing penetration in passenger cars and technological advancements.

Geographical Segmentation: Asia-Pacific is poised to lead the market share and exhibit the highest CAGR, driven by increasing vehicle production, rising demand for electric vehicles, and shifting consumer preferences in countries like China and India.

Key Players:

Leading players in the global automotive glass market include AGC Inc. (Japan), Nippon Sheet Glass Co., Ltd. (Japan), Fuyao Glass Industry Group Co., Ltd. (China), Saint-Gobain (France), and Magna International Inc. (Canada), among others.

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Contact:
Meticulous Market Research Pvt Ltd
Office No-202, 203,204,205,206
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.
Phone: +9102066394988
CIN- U93000PN2013PTC149455

We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition. Through our mixed bag of research offerings - syndicated research, custom research, and analyst engagement - we enable smart decision making to enhance business performance for global organizations. Our focus is also on finding answers to the challenging questions that global business leaders face on a daily basis. Each year, we deliver more than 300 syndicate studies and 60+ consulting projects across eight industry verticals in 20+ geographic markets.

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