Press release
Driving Forces Behind the Growth of the Automotive Glass Market: A Key Factor Shaping the Future of the Automotive Glass Market in 2025
Automotive Glass Market Size
In recent years, the size of the automotive glass market has seen robust expansion. Its size is projected to increase from $21.49 billion in 2024 to $23.02 billion in 2025, a compound annual growth rate (CAGR) of 7.1%. Reasons for this growth during the historical period include improvements in safety regulations, breakthroughs in glass technology, an uptick in vehicle production, heightened consumer preference for comfort and aesthetics, an expansion of the automotive aftermarket, the burgeoning of the electric vehicle sector, and economic growth in emerging markets.
Expectations for the automotive glass market size point towards robust growth in the forthcoming years, with predictions of reaching $30.03 billion by 2029. This equates to a compound annual growth rate (CAGR) of 6.9%. This predicted growth during the forecast period can be ascribed to ongoing developments in vehicle design, heightened demand for electric and autonomous vehicles, increased focus on safety features and advanced driver-assistance systems (ADAS), rising automobile production, tight emission and safety regulations for vehicles, growing automotive aftermarket services, as well as continuous technological innovations in smart glass and lightweight material. Major projected trends for the forecast period include increased incorporation of smart glass technology, rising acceptance of lightweight and environmentally friendly materials, increased use of solar control glass, a rise in panoramic sunroof installations, emerging improvements in augmented reality windshield displays, increasing demand for acoustic glazing, and the integration of advanced driver-assistance systems (ADAS) compatible glass.
What Is Contributing to the Growth of the Automotive Glass Market?
The growth of the automotive glass market is set to be spurred on by the escalating demand for both passenger and commercial vehicles. Passenger vehicles, typified by cars intended for personal transport, and commercial vehicles such as vans, trucks, and buses used for business operations, represent crucial destinations for automotive glass. The glass fulfills the crucial roles of offering visibility, protection against natural elements, and providing necessary structural strength. With rising economic growth, increased urbanization and a boost in consumer confidence, the need for transportation services is on the upswing. To illustrate, metadata from the International Energy Agency, a France-based energy policy coordinating intergovernmental organization, showed that as of February 2023, sales of electric passenger cars in emerging and advanced economies spiked from 1.3 million and 2.2 million units to 1.5 million and 3.8 million units, respectively. Similarly, the European Automobile Manufacturers' Association (ACEA), a prominent representative of Europe's 15 major automobile manufacturers specializing in cars, trucks, vans, and buses, recorded considerable growth in new commercial vehicle registrations in 2023. Vans specifically saw a 14.6% increase, while trucks rose by 16.3%, and buses saw an impressive 19.4% spike. This upsurge in demand for both passenger and commercial vehicles is set to fuel the progress of the automotive glass market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16604&type=smp
Which Businesses Are at the Forefront of Automotive Glass Market Development?
Major companies operating in the automotive glass market are 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
What Are the Latest Innovations in the Automotive Glass Market?
Leading businesses in the automotive glass sector are prioritizing advancements such as smart glass technologies to outshine their competitors. These dynamic materials, which leverage processes like electrochromic and photochromic methods, can modulate their transparency, tint, or opacity as required, and find use in windows and vehicle glass to augment privacy, curtail glare, and boost energy efficiency. For example, in January 2023, Magna International, Inc., a company based in Canada that specializes in glass manufacturing, introduced the ClearView vision technology for Ram 2500 and 3500 Heavy Duty trucks. This state-of-the-art system unites real-time video with traditional mirrors, providing an expanded view range and heightening safety in tricky driving scenarios. ClearView is aimed at making heavy-duty vehicles more intelligent and safe, assisting in complicated maneuvers, and heightening situational awareness.
How Is the Automotive Glass Market Segmented?
The automotive glass market covered in this report is segmented -
1) By Product: Tempered Glass, Laminated Glass, Other Products
2) By Vehicles Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles
3) By Application: Windshield, Sidelite, Sunroof, Backlite
4) By End-Use: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Tempered Glass: Side Windows Glass, Rear Windows Glass, Door Glass, Sunroofs And Roof Panels, Quarter Windows Glass
2) By Laminated Glass: Windshields (Front And Rear), Acoustic Laminated Glass, Uv-Protective Laminated Glass, Heated Laminated Glass
3) By Other Products: Plastic Automotive Glazing (Polycarbonate, Acrylic), Smart Glass (Electrochromic Glass), Bulletproof Or Armored Glass, Privacy Glass (Tinted Or Privacy Films), Head-Up Display (HUD) Glass
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/automotive-glass-global-market-report
Where Is the Automotive Glass Market Growth Most Prominent?
Asia-Pacific was the largest region in the automotive glass market in 2024. The regions covered in the automotive glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Automotive Glass Global Market Report?
- Market Size Analysis: Analyze the Automotive Glass Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Glass Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Glass Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Glass Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16604
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Driving Forces Behind the Growth of the Automotive Glass Market: A Key Factor Shaping the Future of the Automotive Glass Market in 2025 here
News-ID: 3856589 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
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…
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…
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…
Global Low-E Glass Market: Xinyi Glass, Taiwan Glass, Zhongli Holding, Yaohua Pi …
Global Market Study Evaluate on Low-E Glass Industry by Type, Manufacturers, Application, Type, and Regions, Forecast up to 2022
The scope of the global Low-E Glass market report is:
This report offers a comprehensive evaluation of the Low-E Glass market. It does so by in-depth qualitative insights, historical Low-E Glass market data, and verifiable projections about global Low-E Glass market size. The projections featured in the Low-E Glass market report have been…
Global Ground Glass Sales Market 2017 - XINYI Glass, JINJING Glass, SYP Glass, Y …
The study Global Ground Glass Sales Industry 2017 is a detailed report scrutinizing statistical data related to the Global Ground Glass Sales industry. Historical data available in the report elaborates on the development of the Ground Glass Sales market on a Global and national level. The report compares this data with the current state of the market and thus elaborates upon the trends that have brought the market shifts.
Download Sample…
