Automotive Glass Market Is Likely to Experience a Tremendous Growth by 2029

The global automotive glass market is anticipated to grow at a CAGR of 4.0% during the forecast period (2023-2030). Demand for automobile glass is on the rise owing to factors such as the increasing production of SUVs, rising demand for safety features, and the widespread implementation of smart glass technology in premium luxury vehicles. In March 2023, Automotive Glass Experts (AGE) announced a collaboration with Xinyi Glass (XYG) to create an exclusive range of glass for the AGE network, focusing on safety and high quality. This collaboration reflected in the automotive glass which bears the AGE logo, signifies that the glass has been produced to the highest standards and has undergone testing to ensure its quality thus guaranteeing safety and performance following a replacement service. In addition, the market is also expected to benefit from the growing demand for smart glass technologies, coupled with the presence of the major players operating in the automotive glass market that include Dura Automotive Systems, Saint-Gobain S.A., Asahi Glass Co. Ltd., Fuyao Glass Industry Group Co. Ltd., Nippon Sheet Glass Co. Ltd., and others.  

Increasing sales of automotive vehicles, along with funding offered by key manufacturers is another factor that boosts the market growth. For instance, in April 2022, Fuyao Glass America Inc. invested $34.5 million in its Greenville County operations. The funding expands the manufacturing footprint in Greenville County and the Upstate, a key region for the automotive industry. This expansion strengthens the company’s relationship with customers and accommodates increased demand for automotive glass products. Moreover, according to the European Automobile Manufacturers Association, in 2022, Europe accounts for 19.5% of global passenger car sales, coming third after Asia which accounted for 51.6%, and the Americas 23.7%. As per the same source, in April 2023, the EU car market saw a significant increase in passenger car registrations, with 803,188 units sold, marking a 17.2% growth from 2022. All the EU’s major markets grew solidly last month, with Italy at 29.2%, and France at 21.9%, leading the way.

To Request a Sample of our Report on Automotive Glass Market:  https://www.omrglobal.com/request-sample/automotive-glass-market

Market Coverage

•                 The market number available for – 2022-2030

•                 Base year- 2022

•                 Forecast period- 2023-2030

Segment Covered- 

·                  By Glass Type 

·                  By Application

·                  By Vehicle Type 

Regions Covered-

·                  North America

·                  Europe

·                  Asia-Pacific

·                  Rest of the World

•                 Competitive Landscape- including AGC Inc., Benson Auto Glass, LLC, Carlex Glass America, LLC, Central Glass Co., Ltd. and among others.

Automotive Glass Market Report Segment

By Glass Type 

•                 Laminated Glass 

•                 Tempered Glass

•                 Solar Glass

•                 Heated Glass

By Application

•                 Windshield

•                 Sidelite

•                 Backlite

•                 Sunroof

By Vehicle Type 

•                 Passenger Cars

•                 Light Commercial Vehicles

•                 Heavy Commercial Vehicles

•                 Electric Vehicles

 

A full Report of Automotive Glass Market is Available @  https://www.omrglobal.com/industry-reports/automotive-glass-market

Automotive Glass Market Report Segment by Region

North America                                                                                                                                                                            

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles 

•                 AGC Group

•                 Benson Auto Glass, LLC

•                 Carlex Glass America, LLC  

•                 Corning Inc. 

•                 Fuyao Glass Industry Group Co., Ltd. 

•                 Gentex Corp. 

•                 Koch Industries, Inc. (Guardian Industries Holdings, LLC)

•                 Magna International Inc.

•                 Motherson Group

•                 Saint-Gobain Sekurit/ Saint Gobain

•                 SCHOTT AG

•                 Vitro, S.A.B. de C.V. (Vitro)

•                 Webasto Group

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/automotive-glass-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

Comments

Post a Comment

Popular posts from this blog

European Data Backup and Recovery Market Size, Share, Analysis, Industry Report and Forecast 2019-2025

  European Data Backup and Recovery Market are expected to reach $5.7 billion in 2027, growing at a CAGR of 9.5% during the forecast period (2021-2027). Factors responsible for the growth of the market in Europe are well-developed telecommunication infrastructure, high internet penetration, high adoption of cloud-based devices among people and organization. Regulations regarding the data localization such as GDPR by the European Union and countries own data localization and protection act are providing growth to the market. Major economies which are expected to hold a considerable market are UK, Germany, France, Italy, and Spain. These economies are part of the European Union, which covers most of the continent. The aim of the European Union was to increase economic cooperation and encourage free trade among countries. To Request a Sample of our Report on European Data Backup and Recovery Market :   https://www.omrglobal.com/request-sample/european-data-backup-recovery-...
Read more

Insect Repellent Market Is Likely to Experience a Tremendous Growth by 2031

This informative Insect Repellent Market report provides new method and covers foremost regions such as Latin America, Middle East, North America, Europe, Africa and Asia Pacific. Making most out of the consumer insights and market opportunities, market players can boost up the revenue rate of their business. It also permits key organizations to make communication with customers and know their demands for making right investment in the product development. By increasing the product portfolio by referring the important market data provided in this Insect Repellent Market research report, key players can grow and expand their business forward. Continuously developing customer demands are also described in this global report to help new entrants make required changes in the final product launch and then bring into the market. It becomes easy for key players to prioritize the demands and requirements of target audience and have complete understanding of end-user experience with the help o...
Read more

Asia-Pacific Urban Air Mobility Market Growth, Size, Share, Industry Report and Forecast 2019-2025

The Asia-Pacific urban air mobility market is estimated to grow at a CAGR of 12.6% during the forecast period. The Asia-Pacific urban air mobility market is segmented on the basis of component and operation. Based on the component, the market is further segmented into infrastructure and platform. The infrastructure segment is further segmented into charging stations, traffic management, and others whereas, the platform segment is further classified into air taxi, personal air vehicle, air ambulance, and others. The platform segment dominated the global urban air mobility market. To Request a Sample of our Report on Asia-Pacific Urban Air Mobility Market :   https://www.omrglobal.com/request-sample/asia-pacific-urban-air-mobility-market Asia-Pacific is home to several emerging economies and is seen as the potential market for the UAM owing to growing urbanization coupled with increasing traffic congestion and increasing high-income groups in the region. The growth of the As...
Read more