The Automotive Glass Market is being driven by Increased demand for premium vehicles and sunroofs
The Automotive Glass Market is expected to grow at a CAGR of 3.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4218.4 million. In the automotive industry, solar reflective glass is gaining significant traction over conventional glass due to its numerous benefits. This advanced glass technology absorbs infrared rays, thereby reducing the amount of heat that enters vehicles, ensuring greater comfort for passengers. Additionally, it minimizes the impact of ultraviolet radiation on interior trims, preserving their condition. From an aesthetic standpoint, solar reflective glass enhances a vehicle's appearance, catering to consumer preferences. Notable manufacturers like Pilkington, a subsidiary of Nippon Sheet Glass, produce optimized solar-absorbing glass products such as Optikool and EZ-KOOL. These glass offerings deliver a 20% reduction in solar energy penetration compared to standard tinted glass, maintaining a cooler cabin temperature.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
228 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.3% |
Market growth 2025-2029 |
USD 4218.4 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
3.2 |
Key countries |
China, US, Japan, India, Germany, South Korea, UK, France, Canada, Italy, US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, and KSA |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Automotive Glass Market encompasses various aspects of glass production and application in the automotive industry. These include glass composition analysis for optimal strength and light transmission, toughened glass types for safety, shatterproof glass designs for improved security, and infrared reflection for heat insulation. Other factors include glass standards for windshield wiper systems, edge finishing, rear window defrosters, and surface tension. Glass bending technology, smart glass, windshield aerodynamics, and processing equipment are also crucial. Glass cleaning techniques, cutting tools, inspection methods, thickness variation, heat treatment, and strength testing ensure quality. Vehicle glass assembly, material selection, bonding process, acoustic insulation, color variations, coating adhesion, surface roughness, production line, impact absorption analysis, water repellency, side window regulators, and repair are additional considerations for the automotive glass market. Durability factors, such as resistance to extreme temperatures and UV rays, are also essential.
The automotive glass market is a significant segment of the global automotive parts and equipment industry, encompassing companies that manufacture glass components for passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. The market's growth is driven by several factors, including the rise in demand for advanced glass technologies such as laminated glass and tempered glass. Laminated glass, known for its safety and durability, is increasingly preferred due to its ability to prevent passenger ejection during accidents. Tempered glass, renowned for its strength and shatter resistance, is another popular choice for automotive applications. Moreover, the adoption of advanced glass coatings, which enhance breakage resistance and provide additional features like UV protection and anti-reflective properties, is on the rise. These trends are expected to fuel the growth of the automotive glass market in the coming years.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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