Meticulous Research®—a leading global market research company, published a research 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’.
The Automotive Glass Market is Projected to Reach $28.3 billion by 2031, at a CAGR of 8.9% from 2024 to 2031. The growth of the automotive glass market is attributed to the growing demand for electric and hybrid vehicles, increasing sales of vehicles, and increasing penetration of sunroof in passenger cars. However, the high initial and set-up costs of automotive glass plants and fluctuations in raw material prices restrain the market’s growth.
Increaing using of smart Glass in the Auotmative industry offer Growth of the Global Automative Glass Market:
With the growing automotive industry, the demand for automotive glass, including windshields, windows, and sunroofs, tends to correspondingly increase. Automakers continuously seek innovative ways to make their vehicles stand apart from their competitor products. Integrating smart glass technology offers a unique selling proposition, attracting consumers seeking cutting-edge features. OEMs are rapidly adopting smart glass technology to offer various applications that include adjustable transparency, improved privacy, reduced glare, and enhanced comfort for passengers. For instance, in September 2021, BMW AG (Germany) and LG Electronics (South Korea) launched the BMWi Vision Circular, an electric vehicle with smart glass technology developed by Gauzy Ltd (Israel).
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In 2024, the Laminated Glass Segment is Expected to Dominate the Global Automotive Glass Market
Based on glass type, the global automotive glass market is segmented into laminated glass, tempered glass, and other glass types. In 2024, the laminated glass segment is expected to account for the largest share of the global automotive glass market. The large market share of this segment is attributed to the increasing consumer preferences for safety standards and increasing use of laminated glass in windshields and side windows of vehicles.
The Electric Vehicles Segment to Register the Highest CAGR During the Forecast Period
Based on vehicle type, the electric vehicle segment is projected to register the highest CAGR during the forecast period. The growth of this segment can be attributed to supportive government policies and regulations, increasing investments in EV development by leading automotive OEMs, rising environmental concerns, and increasing consumer demand for electric vehicles.
In 2024, the OEMs Segment is Expected to Dominate the Global Automotive Glass Market
Based on sales channel, the global automotive glass market is segmented into OEMs and aftermarket. In 2024, the OEMs segment is expected to account for the larger share of the global automotive glass market. The large market share of this segment is attributed to the increasing demand for safety and quality in automotive glass, growing adoption of advanced technologies in vehicles, and increasing consumer preference for OEM glass as it offers a warranty, providing consumers with added assurance and protection.
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The Sunroof Segment to Register the Highest CAGR During the Forecast Period
Based on application, the fully autonomous segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing penetration of sunroofs in passenger cars, technological advancements in the automotive industry, and changing consumer preferences to enhance the driving experience.
In 2023, Asia-Pacific is Expected to Dominate the Global Automotive Glass Market
Based on geography, the global automotive glass market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the global automotive glass market. Factors such as increasing vehicle production in the region, increasing demand for electric vehicles in the Asia-Pacific region, increasing consumer preferences for SUVs in China and India, and increasing government focus on vehicle safety are expected to drive the growth of the automotive glass market in this region.
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Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by major market players in the last three to four years. The key players profiled in the global automotive glass market study 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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