Post Time:Jul 13,2023Classify:Industry NewsView:1051
IMARC Group, a leading market research company, has recently releases report titled, “Automotive Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global automotive glass market growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the automotive glass market?
Report Attributes | Details |
Market Size in 2022 | US$ 17.1 Billion |
Market Forecast in 2028 | US$ 23.8 Billion |
Growth rate (2023 to 2028) | CAGR of 5.7% |
Base Year of the Analysis | 2022 |
Forecast Period | 2023-2028 |
What is automotive glass?
Automotive glass, also known as auto glass or car glass, plays a crucial role in the construction and functionality of vehicles. It is a protective barrier, providing visibility, safety, and structural integrity. It is specially designed to withstand various external factors, including impacts, vibrations, and temperature changes. It is composed of laminated glass, tempered glass, or a combination of both, depending on its location in the vehicle. Windshields, side windows, rear windows, and sunroofs are common automotive glass components. It enhances driver and passenger safety, reduces noise, and improves vehicles' overall aesthetics and aerodynamics.
What are the growth prospects and trends in the automotive glass industry?
The global market is majorly driven by increasing automobile production and sales. In line with this, the rising demand for lightweight vehicles to improve fuel efficiency is significantly contributing to the market. Furthermore, the stringent safety regulations and the requirement for advanced safety features in vehicles are positively influencing the market. Apart from this, the growing consumer preference for enhanced visibility and panoramic views is catalyzing product demand. Moreover, the escalating adoption of smart glass technologies for improved comfort and energy efficiency is propelling the market. Besides, the expansion of the electric vehicle market and the need for specialized glass solutions are bolstering the market. The advancements in glass manufacturing technologies, such as curved and laminated glass, are strengthening the market. Additionally, the rising integration of advanced driver-assistance systems (ADAS) and sensors in automotive glass is providing a boost to the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Glass Type:
Laminated Glass
Tempered Glass
Breakup by Material Type:
IR PVB
Metal Coated Glass
Tinted Glass
Breakup by Vehicle Type:
Passenger Cars
Light Commercial Vehicles
Trucks
Buses
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
Suspended Particle Glass
Electrochromic Glass
Liquid Crystal Glass
Passive Glass
Thermochromic
Photochromic
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
AGC Inc.
Corning Incorporated
Fuyao Glass Industry Group Co., Ltd.
Gentex Corporation
Hitachi Chemical Co., Ltd.
Magna International Inc.
Nippon Sheet Glass Co., Ltd
PGW Auto Glass, LLC
Polytronix, Inc.
Saint-Gobain Group
MothersonSumi INfotech & Designs Ltd (MIND)
Webasto SE
Xinyi Glass Holdings Limited.
Source: https://www.digitaljournal.com/Author: shangyi
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