Dublin, Aug. 01, 2024 (GLOBE NEWSWIRE) -- The "Automotive Glass - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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.
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 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 $8.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ 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.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 198 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $31.9 Billion |
| Forecasted Market Value (USD) by 2030 | $42.1 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Automotive Glass - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Focus on Safety Drives Demand for High-Strength Automotive Glass
- Consumer Demand for Aesthetic and Comfort Features Strengthens Market for Tinted and Privacy Glass
- Technological Innovations in Smart Glass Propel Market Growth
- Environmental Concerns Bolster Development of Eco-Friendly Automotive Glass
- Growth in Luxury Vehicle Sales Expands Addressable Market for High-Quality Automotive Glass
- Expansion of Electric Vehicles (EVs) Drives Adoption of Lightweight Glass
- Innovations in Glass Recycling Techniques Sustain Growth in the Automotive Glass Sector
- Surge in Demand for Sunroof and Panoramic Roof Systems Enhances Market Opportunities
- Adoption of HUD Technology Throws the Spotlight On Advanced Windshield Designs
- Global Expansion of Automotive Production Bodes Well for Glass Manufacturers
- Enhancements in Glass Coating Technology Strengthen Market Competitiveness
- Integration of Sensors in Automotive Glass Sets the Stage for Growth in Smart Vehicle Technologies
FOCUS ON SELECT PLAYERS(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.
For more information about this report visit https://www.researchandmarkets.com/r/4an8xm
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