According to a new report, published by KBV research, The Global Automotive Glass Market size is expected to reach $27.4 billion by 2029, rising at a market growth of 6.9% CAGR during the forecast period.
The Tempered segment is showcasing a CAGR of 7.6% during (2023 - 2029). Strong demand for sideline & backlight combined with a more cost-effective manufacturing procedure is anticipated to fuel this segment's growth. The material is more durable and cost-effective than laminated automotive glass, holding four to five times more strength than a standard float. Therefore, its use in automobiles is most common, particularly for windows and backlights.
The Passenger Cars segment acquired maximum revenue share in the Global Automotive Glass Market by Vehicle Type in 2022 thereby, achieving a market value of $17.1 billion by 2029. This is due to various factors, including shifting consumer habits, an escalating middle-class population, and rising environmental worries about using lightweight, low-emission automobiles on the roads. In addition, as people’s spending power increases, the demand for passenger cars is rising, leading to the segment’s growth.
The Aftermarket segment has shown the growth rate of 8.7% during (2023 - 2029). Low installation costs compared to OEM, improper installation, increased accidents, and temperature variations are some of the causes that have contributed to the segment's expansion. Further, the market is being surged due to rising cases of vehicle collisions.
The Windshield segment is leading the Global Automotive Glass Market by Application in 2022 thereby, achieving a market value of $9.8 billion by 2029. Because of the essential role that the windscreen plays in a vehicle's design, both glass & automotive manufacturers are working to improve the functions and aesthetics of their products. For instance, over the projected period, the market growth is anticipated to be driven by the emergence of new types of windshields with self-cleaning function glass.
The Asia Pacific market dominated the Global Automotive Glass Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $11.2 billion by 2029. The Europe market is exhibiting a CAGR of 6.2% during (2023 - 2029). Additionally, The North America market would showcase a CAGR of 6.4% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/automotive-glass-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of AGC, Inc., Corning Incorporated, Saint-Gobain Group, Magna International, Inc., Nippon Sheet Glass Co., Ltd., Xinyi Glass Holdings Limited, Fuyao Glass Industry Group Co., Ltd., Guardian Industries Corporation (Koch Industries), Webasto Group and Taiwan Glass Ind. Corp.
By Type
By Vehicle Type
By End User
By Application
By Geography
Companies Profiled
Unique Offerings 
