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Automotive Glass Market Outlook, Leading Companies Share, Industry Size, Growth Analysis, Report 2023-2028

Post Time:Jul 13,2023Classify:Industry NewsView:1036

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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