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By 2030, it is expected that the worldwide automotive glass market share will generate US$ 5.2 Billion in total revenue. According to estimates, the market would grow at a steady 4% CAGR to reach US$ 5.2 billion in 2030.

Key Takeaways

The automotive glass market will reach US$ 16 billion, with demand receding in 2020
Door glass offerings remain in high demand, with the higher volume of glass required for these products and innovations in material strength and temperature control.
Applications of automotive glass in conventional passenger cars reflect higher growth than LCV, HCV and electric vehicle applications owing to higher demand and production, driven by higher disposable incomes globally.
East Asia is a key market for production and sales, supported by the prevalence of numerous regional and international automobile manufacturing plants in the region, supported by lower labour and material costs.
“The growth in production rate of electric and hybrid vehicles in addition to the integration of varied new technologies for visibility and safety are expected to positively influence the global demand for automotive glass throughout the forecast period till 2030,” said a lead analyst at Future Market Insights

For more information: https://www.futuremarketinsigh....ts.com/reports/autom

Automotive glass, also known as car glass or auto glass, refers to the glass components used in vehicles. This includes the windshield, side windows, rear window, and other glass panels found on cars, trucks, buses, and other types of vehicles.

The report opines that market players will benefit from smart glass technology and the rising popularity of electric vehicles. The report opines that volatility in raw material pricing and high capital requirements will hold back market developments.

The automotive glass industry has witnessed steady growth in recent years backed by the massive global automobile production sector, implementation of strict automotive safety standards, and improvements in material and auto tech. Further, businesses have invested in smart glass and wider windshield and sunroof designs for their offerings, catering to premium automobile consumer requirements.

While revenue from the automotive glass market rises steadily, the fragmented nature of the market limits the potential for revenues. Also, issues in terms of energy efficiency and raw material fluctuations are problems faced by key players.

Some of the leading players in the market include Dura Automotive Systems, Saint-Gobain S.A., Asahi Glass Co. Ltd., Fuyao Glass Industry Group Co. Ltd., Nippon Sheet Glass Co. Ltd., Xinyi Glass Holdings Ltd., Central Glass Co. Ltd., Glas Trosch Holding AG, Gentex Corporation, and Magna International Inc. among others.

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