Automotive Glass Market to Witness Astonishing Growth with Key Players

Comments · 4 Views

Technological advancements in the automotive sector, along with continuous upgradation in vehicle designs, have compelled market players to introduce advanced products for automotive manufacturers.

The global automotive glass market size was valued at USD 30.8 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2030. An increasing emphasis on lightweight cars on account of rising harmful emissions from vehicles that have an adverse effect on the environment is driving glass penetration in the automotive industry. According to the International Organization of Motor Vehicle Manufacturers (OICA), the production of automobiles reached 85.02 million vehicles globally in 2022. The strong production volume is attributed to the development of the automotive manufacturing sector, particularly in countries such as China and India, owing to increasing government initiatives regarding motor vehicle regulations.

 

Technological advancements in the automotive sector, along with continuous upgradation in vehicle designs, have compelled market players to introduce advanced products for automotive manufacturers. For instance, in FY 2018-2019, AIS Glass in India offered its products to various new car models with several innovative changes, including solar green glass and acoustic PVB, for the Toyota Yaris and a 2.8mm backlite for the new Wagon R.

 

Gather more insights about the market drivers, restrains and growth of the Global Automotive Glass Market

 

 

Automotive Glass Market Report Highlights

 

  • The laminated glass segment is expected to grow at the fastest CAGR of 5.3% during the forecast period. This is attributed to advantages such as safety features and its ability to block harmful UV rays.
  • The sidelite segment is expected to advance at a CAGR of 5.4% over the forecast period. Increased utilization of tempered automotive glass in sidelites, particularly in the aftermarket, is anticipated to propel market growth.
  • The OEM segment accounted for a share of about 91.0% in 2022 owing to the growing demand for commercial vehicles and automotive glass market.
  • North America is expected to register a CAGR of 3.4% over the forecast period on account of significant increase in the sale of commercial vehicles.

 

 

Browse through Grand View Research's Specialty Glass, Ceramic Fiber Industry Research Reports.

 

  • The global bioceramics market size was valued at USD 7.67 billion in 2023 and is expected to grow at a CAGR of 7.0% from 2024 to 2030. 
  • The global para-aramid fibers market size was estimated at USD 3.21 billion in 2023 and is anticipated to grow at a CAGR of 7.9% from 2024 to 2030.

 

 

Segments Covered in the Report

 

Grand View Research has segmented the global automotive glass market based on product, vehicle type, application, end-use, and region:

 

 

Automotive Glass Product Outlook (Revenue, USD Million; Volume, Thousand Square Meters, 2018 - 2030)

 

  • Tempered Glass
  • Laminated Glass
  • Others

 

 

Automotive Glass Vehicle Type Outlook (Revenue, USD Million; Volume, Thousand Square Meters, 2018 - 2030)

 

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

 

 

Automotive Glass Application Outlook (Revenue, USD Million; Volume, Thousand Square Meters, 2018 - 2030)

 

  • Windscreen
  • Backlite
  • Sidelite
  • Others

 

 

Automotive Glass End-use Outlook (Revenue, USD Million; Volume, Thousand Square Meters, 2018 - 2030)

 

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

 

 

Automotive Glass Regional Outlook (Revenue, USD Million; Volume, Thousand Square Meters, 2018 - 2030)

 

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Turkey
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Thailand
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Argentina
  • Middle East and Africa
    • South Africa
    • Morocco

 

 

Order a free sample PDF of the Automotive Glass Market Intelligence Study, published by Grand View Research.

 

Comments