The Global Automotive Glass Market was worth US$ 24.16 billion in 2022 and is anticipated to reach a valuation of US$ 31.43 billion by 2028 and is predicted to register a CAGR of 5.40% during 2023-2028.

Automobile glass protects the passengers and the structural integrity of the vehicle by shielding the occupants from external hazards. The factors employed to manufacture a vehicle are expected to be spent more due to the growth in interest in the vehicle market year after year. It is designed with the creation of cutting-edge features such as security against changes in the outside temperature, external commotion, and improved visibility. Numerous propelled designs have resulted from research projects linked to vehicle aerodynamics to increase operating speed, further increasing item appeal.

The manufacture of vehicle glass is anticipated to be driven by the growing emphasis on electric vehicles and new regulations, such as BS VI in India, which would bring Indian engine vehicle norms into compliance with European Union criteria.

Market Drivers and Restraints:

The global automotive glass market is anticipated to grow due to the rise in commercial vehicle production and rising aftermarket product interest, despite the decline in vehicle production in 2018 and 2019. The need for maintenance, repair, and replacement is driven by the rise in accidents and the number of vehicles on the road, which also drives demand for glass. The main factors influencing market development are advancement and innovation. There have been recent developments in the ways that car glass is used.

The glass in vehicles frequently uses laminated glass. The most desired automotive development is laminated side coating. In some of their best-selling models, some European OEMs, like BMW and Mercedes, have normalized the side coating. It provides improved passenger safety in the event that the car flips over in an accident. In 2019, tempered glass dominated the industry. The rapid growth of the commercial vehicle industry in Asia and the Pacific is anticipated to fuel demand for tempered glass during the speculative time period.

The largest and most rapidly expanding smart glass used for vehicles is the sunroof. The client has more control over the vehicle's identifying lighting. The SL and SLK series of Daimler and Mercedes-Benz vehicles use clever glass technology in their sunroofs. The existence of interested industry players, technological advancements, and consumer preference for energy-efficient products all play a key role in the expansion of the sunroof market.

In 2018, the market share will be dominated by passenger vehicles, which accounted for more than 60% of all utilization. Automobile glass is used in passenger automobiles to improve the aesthetic features of the vehicle and to provide protection from the outside environment. Vehicle customization has been furthered by the rise in customer spending power brought on by changing lifestyles. The growing middle class will increase the proportion in developing countries.

The updated security requirements and measurements relating to standard glass thickness will result in notable advancements for heavy commercial vehicles. Increased globalization and expanding cargo transit are both having a noticeable impact on the increasing market for heavy-duty trucks. Buildings, streets, and roads have been built more often as a result of urbanization, which has increased the demand for large commercial vehicles and increased the size of the section.

However, one significant factor that is anticipated to restrain the expansion of the global automotive glass market during the anticipated period of time is fluctuating crude material costs

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The report is segmented as follows:

The Automotive Glass Market is segmented by Product; the Market is segmented by Application; the Market is segmented by End-Use; the Market is segmented by Vehicle:

By Product (Tempered, Laminated, Others)

By Application (Windscreen, Backlite, Sidelite, Sunroof)

By End-use (Original Equipment Manufacturer, Aftermarket Replacement)

By Vehicle (Passenger Car, Light Commercial, Heavy Commercial)

Geographical Segmentation:

The updated security requirements and measurements relating to standard glass thickness will result in notable advancements for heavy commercial vehicles. Increased globalization and expanding cargo transit are both having a noticeable impact on the increasing market for heavy-duty trucks. Buildings, streets, and roads have been built more often as a result of urbanization, which has increased the demand for large commercial vehicles and increased the size of the section.

Similar to China and India, countries in the Asia-Pacific region are thought to have the fastest-growing markets for car glass. Some of the key drivers influencing the market's growth include an increase in passenger vehicle sales in ASEAN countries, expanding premium vehicle sales in countries like China and India, and the growing desire and demand for a sunroof in low-cost cars. Despite its recent economic struggles, China is expected to continue to dominate the industry, with Japan serving as the hub of innovation in the car sector. These are encouraging the growth of the automotive industry's business in the Asia Pacific region.

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Impact of COVID-19 on the Market

The COVID-19 pandemic had a detrimental effect on the market since it caused a delay in car production and the closure of manufacturing facilities. The market is predicted to increase positively throughout the Forecasts period as limits were lifted and automotive production began to pick up speed.

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