Press release
Automotive Glass Market Size, Growth Analysis, Share, Key Trends And Forecast To 2033
Automotive Glass Market Size
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=16604&type=smp
According to The Business Research Company's, The automotive glass market size has grown strongly in recent years. It will grow from $20.13 billion in 2023 to $21.49 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to advancements in safety regulations, innovations in glass technology, increasing vehicle production, rising consumer demand for comfort and aesthetics, growth in the automotive aftermarket, the proliferation of electric vehicles, and economic development in emerging markets.
The automotive glass market size is expected to see strong growth in the next few years. It will grow to $28.12 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to advancements in vehicle design, rising demand for electric and autonomous vehicles, increased emphasis on safety and advanced driver-assistance systems (ADAS), growing automotive production, stringent regulations on vehicle emissions and safety, expanding automotive aftermarket services, and technological innovations in smart glass and lightweight materials. Major trends in the forecast period include the integration of smart glass technology, increasing adoption of lightweight and eco-friendly materials, enhanced use of solar control glass, growth in panoramic sunroof installations, advancements in augmented reality windshield displays, rising demand for acoustic glazing, and the incorporation of advanced driver-assistance systems (ADAS) compatible glass.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/automotive-glass-global-market-report
Market Drivers and Trends:
The increasing demand for passenger and commercial vehicles is expected to propel the growth of the automotive glass market going forward. Passenger vehicles refer to cars and other vehicles designed primarily for transporting passengers, while commercial vehicles include vans, trucks, and buses used for business and transportation purposes. The demand for passenger and commercial vehicles is rising due to economic growth, increasing urbanization, and improved consumer confidence, driving transportation needs. Automotive glass is used in passenger and commercial vehicles primarily for providing visibility, protection from external elements, and structural support. For instance, in February 2023, according to the International Energy Agency, a France-based intergovernmental organization for energy policies, the sale of electric passenger cars in emerging and advanced economies rose from 1.3 million and 2.2 million to 1.5 million and 3.8 million, respectively. Additionally, in April 2024, according to the European Automobile Manufacturers' Association (ACEA), a Belgium-based lobby of Europe's 15 major car, truck, van, and bus makers, new commercial vehicle registrations saw notable growth in 2023, with vans increasing by 14.6%, trucks by 16.3%, and buses by 19.4%. Therefore, the increasing demand for passenger and commercial vehicles will drive the automotive glass market.
Major companies operating in the automotive glass market are adopting a strategic partnership approach to provide advanced automotive immersive displays to enhance the driver experience and vehicle safety. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in July 2021, Corning Inc., a US-based automotive glass technology company, partnered with Hyundai Motor Group, a South Korea-based automotive manufacturer, to launch automotive glass solutions in a new augmented reality head-up display. This partnership aims to enable immersive and interactive driving experiences through advanced augmented reality (AR) technology integrated into vehicles.
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:
Saint-Gobain S.A., Magna International Inc., Asahi Glass Co Ltd, Corning Incorporated, Samvardhana Motherson, Nippon Sheet Glass Co. Ltd, Webasto Group, Guardian Industries Corp, Fuyao Glass Industry Group Co. Ltd., Xinyi Glass Holdings Limited, Türkiye Sise ve Cam Fabrikalari, Gentex Corporation, Vitro S.A.B. de C.V., Taiwan Glass Ind Corp., Central Glass Co. Ltd., Pittsburgh Glass Works Auto Glass LLC, Carlex Glass America LLC, Shenzhen Benson Automobile Glass Co. Ltd., Suyog Glass Industries, Magnum Tuff India Pvt Ltd
Automotive Glass Market 2024 Key Insights:
• The automotive glass market size is expected to see strong growth in the next few years. It will grow to $28.12 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
• Driving Forces Behind the Growth of the Automotive Glass Market
• Strategic Partnerships Drive Innovation In Automotive Glass Market
• Asia-Pacific was the largest region in the automotive glass market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=16604&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Glass Market Size, Growth Analysis, Share, Key Trends And Forecast To 2033 here
News-ID: 3718074 • Views: …
More Releases from The Business Research Company
Rail Transit Protective Coating Market Overview: Major Segments, Strategic Devel …
The rail transit protective coating sector is positioned for significant expansion in the coming years, driven by technological advancements and increasing infrastructure investments. This market is evolving rapidly as stakeholders prioritize durability, sustainability, and efficiency in rail transit systems. Let's explore the market's valuation projections, leading companies, emerging trends, and detailed segment analysis to get a clearer understanding of its future trajectory.
Expected Market Size and Growth Outlook for Rail Transit…
Analysis of Segments and Major Growth Areas in the Product Implementation Servic …
The product implementation services sector is on the verge of significant expansion, driven by evolving technology needs and increasing enterprise adoption of sophisticated systems. Understanding the current market size, key contributors, emerging trends, and segment breakdowns offers valuable insights into what lies ahead for this dynamic industry.
Market Size and Expected Growth Trajectory in the Product Implementation Services Market
The product implementation services market is projected to experience strong growth…
Key Strategic Developments and Emerging Changes Shaping the Polyvinylidene Fluor …
The polyvinylidene fluoride (PVDF) resin market is on track for significant expansion over the coming years. Driven by various technological advances and rising demands across multiple industries, this sector is expected to evolve rapidly. Let's explore the anticipated market growth, influential players, key trends, and detailed segmentation shaping the future of PVDF resin.
Projected Growth and Market Size of the Polyvinylidene Fluoride Resin Market
The PVDF resin market is forecasted…
Leading Companies Fueling Innovation and Growth in the Partyline Intercom System …
The partyline intercom systems market is gearing up for significant expansion as communication needs evolve across various industries. With increasing demand for more versatile and efficient communication tools, this sector is set to witness rapid advancements and growing adoption over the coming years. Let's explore the market size projections, key drivers, major players, emerging trends, and important segments shaping this dynamic industry.
Projected Market Size and Growth Trajectory of the Partyline…
More Releases for Glass
Depression Glass Market 2023- Industry Revenue and Price | Hazel-Atlas Glass Com …
The Depression Glass market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status with development…
Auto Glass Market Is Booming Worldwide | Fuyao Glass, Webasto, Xinyi Glass, Asah …
Advance Market Analytics published a new research publication on "Auto Glass Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Auto Glass market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled…
Recycled Glass Market 2023 Business Strategies - Cap Glass, Glass Recycled Surfa …
Newly added by Fior Markets study on Global Recycled Glass Market 2023 contains a detailed analysis of data through industrial dynamics which has a major impact on the growth of the market. The report categorizes the global Recycled Glass market by segmented top key players, type, application, marketing channel, and regions. The report provides a complete understanding of the market in the coming years. It looks over the market with…
Glass Easy-clean Glass Market 2019| Pilkington Glass, PPG Industries, Ravensby W …
The global market status for Easy-clean Glass is precisely examined through a smart research report added to the broad database managed by Market Research Hub (MRH). This study is titled “Global Easy-clean Glass Market” Research Report 2019, which tends to deliver in-depth knowledge associated to the Easy-clean Glass market for the present and forecasted period until 2025. Furthermore, the report examines the target market based on market size, revenue and…
Insulated Glass Market Analysis: Top Companies Includes (Cardinal Glass Industri …
Insulated glass refers to two or more lites of glass sealed around the edges with an air space between, to form a single unit.
Insulating glass is a very effective way to reduce air-to-heat transfer through the glazing. When used in conjunction with low-E and/or reflective coatings, IG units perform even better for conserving energy and complying with local codes. The most common configuration of IG units for commercial building is…
Global Ground Glass Market 2017- CSG, XINYI Glass, JINJING Glass, SYP Glass, Yao …
The market research report by QY Research provides detailed study on the overall Ground Glass market size, its financial positions, its unique selling points, key products, and key developments. This research report has segmented the Ground Glass market based on the segments covering all the domains in terms of type, country, region, forecasting revenues, and market share, along with analysis of latest trends in every sub-segment.
CLICK HERE to Request Sample…
