Meticulous Research®, a globally recognized market research firm, has recently published a detailed report titled, “Automotive Glass Market by Glass Type (Laminated Glass, Tempered Glass), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Electric Vehicles), Sales Channel, Application (Sidelight, Windshield, Sunroof), and Geography—Forecast to 2031.”

This latest report from Meticulous Research® indicates that the global automotive glass market is expected to grow to $28.3 billion by 2031, with a robust CAGR of 8.9% throughout the forecast period.

The market's growth is primarily attributed to the increasing demand for electric and hybrid vehicles, rising vehicle sales, and a surge in the adoption of sunroofs in passenger cars. However, the market faces constraints such as high setup costs for automotive glass plants and price volatility in raw materials.

The report also highlights that the increasing adoption of smart glass technology in vehicles presents substantial growth opportunities. Nonetheless, concerns about the safety of laminated glass could pose a challenge to market expansion.

Meticulous Research® has carefully segmented the market by glass type, vehicle type, sales channel, application, and geography to provide an in-depth analysis. Additionally, the report evaluates the competitive landscape and analyzes market trends at regional and country levels.

Based on glass type, the global automotive glass market is categorized into laminated glass, tempered glass, and other types. The laminated glass segment is expected to account for the largest share in 2024, driven by rising consumer safety concerns and its extensive use in windshields and side windows. Furthermore, this segment is projected to grow at the highest CAGR over the forecast period.

When analyzed by vehicle type, the market includes passenger cars, light commercial vehicles, heavy commercial vehicles, electric vehicles, and other categories. The passenger car segment is forecasted to lead the market in 2024, due to increasing sales driven by rising disposable incomes and evolving consumer preferences. Meanwhile, the electric vehicle segment is anticipated to grow at the fastest pace, supported by favorable government policies, increased investment in EV development by major automotive manufacturers, and growing environmental concerns.

The market is further divided into OEMs and aftermarket by sales channel. The OEMs segment is expected to hold the largest market share in 2024, driven by the increasing demand for safety and quality in automotive glass, the adoption of advanced vehicle technologies, and consumer preference for OEM glass due to the warranty and reliability it offers. This segment is also projected to experience the highest CAGR during the forecast period.

Regarding applications, the market is segmented into sidelight, windshield, sunroof, rear window, taillight, and other uses. Windshields are expected to command the largest market share in 2024, driven by the demand for safety features, soundproofing, and UV protection in vehicles. On the other hand, the sunroof segment is anticipated to grow at the highest rate, fueled by the rising adoption of sunroofs in passenger cars, technological advancements in the automotive sector, and shifting consumer preferences.

Geographically, the global automotive glass market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is predicted to dominate the market in 2024, supported by increasing vehicle production, rising demand for electric vehicles, and growing government focus on vehicle safety in the region. This region is also expected to register the highest CAGR during the forecast period.

Key Players:

The key players operating in the global automotive glass market are AGC Inc. (Japan), Nippon Sheet Glass Co., Ltd. (Japan), Fuyao Glass Industry Group Co., Ltd. (China), Xinyi Glass Holdings Limited. (Hong Kong), Saint-Gobain (France), Webasto Group (Germany), Magna International Inc. (Canada), Corning Incorporated (U.S.), Guardian Industries (U.S.), Gentex Corporation (U.S.), TAIWAN GLASS IND. CORP. (Taiwan), Central Glass Co., Ltd. (Japan), Motherson Group (India), Schott AG (Germany), Vitro (Mexico), and Sisecam Otomotiv A.S. (Turkey).

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Key questions answered in the report:

• Which are the high-growth market segments in terms of glass type, vehicle type, sales channel, application, and geography?
• What is the historical market for automotive glass?
• What are the market forecasts and estimates for the period 2024–2031?
• What are the major drivers, restraints, and opportunities in the global automotive glass market?
• Who are the major players in the global automotive glass market, and what are their market shares?
• What is the competitive landscape like?
• What are the recent developments in the global automotive glass market?
• How do major players adopt the different strategies in this market?
• What are the geographic trends and high-growth regions in the market?
• Who are the emerging players in the global automotive glass market, and how do they compete with the other players?

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