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Automotive Glazing Market Report 2024 - Automotive Glazing Market Size And Growth

10-31-2024 10:15 AM CET | Industry, Real Estate & Construction

Press release from: The Business research company

Automotive Glazing Market

Automotive Glazing Market

"The Business Research Company recently released a comprehensive report on the Global Automotive Glazing Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=16605&type=smp

According to The Business Research Company's, The automotive glazing market size has grown strongly in recent years. It will grow from $20.08 billion in 2023 to $21.46 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to emphasis on reducing vehicle weight to improve fuel efficiency, increasing consumer demand for vehicles, the rising importance of acoustic comfort in vehicles, increased awareness of the harmful effects of UV radiation, and growing environmental consciousness.

The automotive glazing market size is expected to see strong growth in the next few years. It will grow to $28.14 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to rapid urbanization, expansion of the automotive aftermarket, rising demand for luxury and premium vehicles, globalization of automotive production, and growth of electric and hybrid vehicles. Major trends in the forecast period include the implementation of stringent safety standards and regulations, the development of advanced glazing technologies, advancements in smart glass technologies, infrastructure development, and advancements in manufacturing techniques.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/automotive-glazing-global-market-report

Market Drivers and Trends:
The increasing vehicle production is expected to propel the growth of the automotive glazing market going forward. Vehicle production is rising due to increasing investment in vehicle technology driven by environmental regulations and consumer demand for sustainable transportation options. Automotive glazing improves vehicle safety, comfort, and aesthetics by using advanced glass technologies. It enhances visibility, reduces noise, and provides UV protection. For instance, in May 2023, according to the European Automobile Manufacturers Association (ACEA), a Belgium-based lobbying and standards group of the automobile industry in the European Union, in 2022, 85.4 million motor vehicles were manufactured globally, marking a 5.7% increase from 2021. Therefore, the increasing vehicle production is driving the growth of the automotive glazing market.

Major companies operating in the automotive glazing market are focusing on developing advanced products, such as integrated solar power generation capabilities, to gain a competitive edge in the market. Automotive glass with integrated solar power generation capability incorporates photovoltaic cells within the glass to convert sunlight into electricity. This innovation allows vehicles to harness solar energy, potentially powering various systems or extending the range of electric vehicles. For instance, in March 2024, AGC Automotive Europe S.A., a Belgium-based automotive glass manufacturing company, introduced a photovoltaic panoramic sunroof for passenger vehicles, including sedans, SUVs, and minivans. This sunroof, constructed with glass-glass technology, can generate between 170 W and 380 W of power, depending on the surface area available for solar cells. It incorporates high-efficiency solar cells with an efficiency greater than 25%, such as n-type monocrystalline silicon tunnel oxide passivated (TOPCon), heterojunction (HJT), or n-type back contact (xBC) solar cells.

Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:
Compagnie de Saint-Gobain S.A., Saudi Basic Industries Corporation, Magna International Inc., Evonik Industries AG, Bayer MaterialScience, PPG Industries Inc., Asahi Glass Corporation, Corning Incorporated, Teijin Limited, Sisecam Automotive Bulgaria EAD, Trinseo PLC, Nippon Sheet Glass Co. Ltd, Fuyao Glass Industry Group Co. Ltd, Guardian Industries, Webasto Thermo & Comfort, Xinyi Glass Holdings Limited, Gentex Corporation, Pilkington Brothers Limited, Vitro SAB de CV, Glaston Corporation, Chi Mei Corporation, Dongguan Benson Automobile Glass Co, KRD Sicherheitstechnik GmbH

Automotive Glazing Market 2024 Key Insights:
• The automotive glazing market size is expected to see strong growth in the next few years. It will grow to $28.14 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
• Increasing Vehicle Production Fuels Growth In The Automotive Glazing Market
• Innovative Solar Power Integration In Automotive Glazing Market
• Asia-Pacific was the largest region in the automotive glazing market in 2023

We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=16605&type=smp

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

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