Automotive Glass Market Trends, Size, Segments, Emerging Technologies and Industry Growth by Forecast to 2030 | MRFR
Research Reports
Oct 19, 2023
Automotive Glass Market Scope
As per an Extensive Research Report by Market Research Future (MRFR), Automotive Glass Market Information By Type, Vehicle Type, Application, and Region – Forecast till 2030” the automotive glass market is bound to take a huge leap from USD 17.57 billion in 2022 to a massive USD 36.54 billion by 2030, at a 9.58% rate from 2022 to 2030.
The term “automotive glass market” describes the specially made glass used in cars, trucks, and buses. Typically, laminated or tempered glass is used for this glass, which is extremely impact- and shatter-resistant. Automotive glass is used for the side windows, front and rear windscreens and windscreen wipers in order to protect passengers from the elements, road debris and other dangers. Additionally, to minimize glare or improve visibility, the vehicle glass may have specialized elements like coatings, heating elements, or tinting. To guarantee a vehicle’s structural integrity and safety, high-quality automotive glass must be used.
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Automotive Glass Market Competitive Landscape:
- Shatterprufe
- Olimpia Auto Glass Inc.
- Saint S.A.
- Central Glass Co. Ltd
- Asahi Glass Co. Ltd
- Fuyao Glass Industry Group Co. Ltd
- Guardian Industries Corp
- Xinyi Glass Holdings Limited
- Vitro
- A.B. de C.V.
- Nippon Sheet Glass Co. Ltd.
Automotive Glass Market USP Covered:
Automotive Glass Market Drivers:
Due to a focus on pollution control and stringent environmental regulations, the development of hybrid and electric vehicles is developing, boosting market expansion. Consumers and manufacturers are expected to look for more environmentally friendly automobiles in order to comply with government laws, which benefits the industry by pushing hybrid and electric vehicles.
The stabilization of the prices of materials like soda ash, lime, oxides of magnesium, potassium, and aluminum as well as the rising cost of fuel have contributed to the creation of affordable automotive glass market. The market is growing as a result of rising vehicle demand in the logistics and transportation sector as well as an emphasis on improving vehicle aerodynamics due to safety rules.
The enhancement of sunroof applications in mass-market vehicles and the introduction of technologies like head-up displays to increase driver awareness have brought attention to the need for technological advancement in automotive glass market. In order to enhance the safety features of cars, standards for windscreen retention and roof crush during rollover have been created. These requirements are driving market improvements. The market is growing rapidly as a result of all these factors working together to support one another.
Aerodynamically designed back windows and windscreens feature longer, more pronounced installation angles. Due to the increased surface area providing the look of glass on automobiles greater relevance, there is a rising demand for sunroofs and moonroofs. The strain on the air conditioner is reduced by reflective coatings, which also reduces air pollution and saves fuel. As a result, it is projected that the market will benefit from the environmental benefits of this type of glass’s advancement.
Automotive Glass Market Restraints:
Laminated glass is far more expensive than tempered glass, and because it is not widely used in developing nations, its use is severely constrained. Additionally, R&D and the creation of thin laminated glass for side windows come at a considerable capital expense. The expansion of this market is expected to be constrained by this investment as well as a focus on lowering manufacturing costs and consumer costs.
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Automotive Glass Market Segmentation
The type-based market segmentation for automotive glass includes laminated and tempered glass. The Laminated Glass category controlled the majority of the market for car window sales.
Depending on the type of vehicle, passenger cars, light commercial vehicles, and heavy commercial vehicles are all included in the market segmentation for automotive glass.
According to the application, some market categories for automotive glass include windscreens, sidelights, backlights, and sunroofs. The windscreen market segment was in first place in 2021 and is expected to continue to hold the top spot going future due to its vital role in guaranteeing visibility and protection for automobile occupants.
Automotive Glass Market Regional Insights
Over the projection period, the APAC will rule the global market. The region’s market is expanding as a result of the abundance of economic resources available to assemble and produce automotive parts in China and India, the presence of well-established glass manufacturing companies, expanding R&D capabilities, and the opening of several new production facilities in China to meet the region’s expanding demand for electric vehicles.
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