The global market for Automotive Glass is estimated at US$31.9 Billion in 2023 and is projected to reach US$42.1 Billion by 2030, growing at a CAGR of 4.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the automotive glass market is driven by several factors, key among them being advancements in automotive design and manufacturing, increased vehicle production and sales globally, and rising consumer demand for enhanced safety features and comfort. The ongoing trend towards more fuel-efficient vehicles is prompting automakers to incorporate advanced automotive glass that contributes to better aerodynamics and reduced vehicle weight. Moreover, the increase in electric vehicle production, which emphasizes weight reduction for extended battery life, further boosts the demand for innovative glass solutions.
Consumer preferences are also shifting towards vehicles equipped with advanced driving assistance systems (ADAS) and other smart technologies that require sophisticated display integration on glass surfaces. Additionally, the aftermarket for automotive glass is expanding, supported by the aging vehicle fleet and the frequent need to replace glass due to accidents and wear. These factors collectively sustain the dynamic growth and technological advancement within the automotive glass industry, responding to both regulatory pressures and market demands.
The growth in the automotive glass market is driven by several factors, key among them being advancements in automotive design and manufacturing, increased vehicle production and sales globally, and rising consumer demand for enhanced safety features and comfort. The ongoing trend towards more fuel-efficient vehicles is prompting automakers to incorporate advanced automotive glass that contributes to better aerodynamics and reduced vehicle weight. Moreover, the increase in electric vehicle production, which emphasizes weight reduction for extended battery life, further boosts the demand for innovative glass solutions.
Consumer preferences are also shifting towards vehicles equipped with advanced driving assistance systems (ADAS) and other smart technologies that require sophisticated display integration on glass surfaces. Additionally, the aftermarket for automotive glass is expanding, supported by the aging vehicle fleet and the frequent need to replace glass due to accidents and wear. These factors collectively sustain the dynamic growth and technological advancement within the automotive glass industry, responding to both regulatory pressures and market demands.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Tempered Glass segment, which is expected to reach US$24.6 Billion by 2030 with a CAGR of a 3.8%. The Laminated Glass segment is also set to grow at 5.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $8.6 Billion in 2023, and China, forecasted to grow at an impressive 6.7% CAGR to reach $8.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Automotive Glass Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Automotive Glass Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Automotive Glass Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AGC Chemicals, Central Glass Co., Ltd., Corning, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 13 Featured):
- AGC Chemicals
- Central Glass Co., Ltd.
- Corning, Inc.
- Duratuf Glass Industries Pvt., Ltd.
- Fuyao Glass Industry Group Co., Ltd. (Fuyao Group)
- Guardian Industries
- Nippon Sheet Glass Co., Ltd.
- Saint-Gobain Sekurit
- Shenzhen Benson Automobile Glass Co., Ltd.
- Taiwan Glass Industry Corporation
- Xinyi Glass Holdings Ltd.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- AGC Chemicals
- Central Glass Co., Ltd.
- Corning, Inc.
- Duratuf Glass Industries Pvt., Ltd.
- Fuyao Glass Industry Group Co., Ltd. (Fuyao Group)
- Guardian Industries
- Nippon Sheet Glass Co., Ltd.
- Saint-Gobain Sekurit
- Shenzhen Benson Automobile Glass Co., Ltd.
- Taiwan Glass Industry Corporation
- Xinyi Glass Holdings Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 198 |
Published | November 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 31.9 Billion |
Forecasted Market Value ( USD | $ 42.1 Billion |
Compound Annual Growth Rate | 4.0% |
Regions Covered | Global |
No. of Companies Mentioned | 11 |