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.
Browse the full report description of “Automotive Glass Market Size, Share & Trends Analysis Report by Glass Type (Laminated Glass, Tempered Glass, Solar Glass, and Heated Glass), by Application (Windshield, Sidelite, Backlite, and Sunroof), and by Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs), and Electric Vehicles (EVs)) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/automotive-glass-market
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.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Glass Type
o By Application
o By Vehicle Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including AGC Inc., Benson Auto Glass, LLC, Carlex Glass America, LLC, Central Glass Co., Ltd. and among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Automotive Glass Market Report Segment
By Glass Type
By Application
By Vehicle Type
Global Automotive Glass Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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