The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The automotive glazing market has seen significant growth in recent years, and this trend is expected to continue. With advancements in technology and growing consumer demand, the market is set to evolve rapidly.

Strong Growth in Recent Years

• Market Size Growth: The automotive glazing market grew from $20.08 billion in 2023 to $21.46 billion in 2024, with a compound annual growth rate (CAGR) of 6.9%.
• Key Drivers:
  • Emphasis on reducing vehicle weight to improve fuel efficiency.
  • Rising consumer demand for vehicles.
  • Increased importance of acoustic comfort and UV protection.
  • Growing environmental awareness.

Future Outlook: Continued Expansion

• Projected Growth: The market is expected to reach $28.14 billion by 2028, with a CAGR of 7.0%.
• Growth Factors:
  • Rapid urbanization and the expansion of the automotive aftermarket.
  • Increasing demand for luxury and premium vehicles.
  • Globalization of automotive production.
  • Growth in electric and hybrid vehicles.
• Emerging Trends:
  • Implementation of stringent safety standards and regulations.
  • Development of advanced glazing technologies and smart glass.
  • Advancements in manufacturing techniques.

Increasing Vehicle Production Drives Market Growth

• Rising Vehicle Production: Vehicle production is expected to continue growing, driven by investments in new technologies and demand for sustainable transportation.
• Benefits of Automotive Glazing:
  • Enhances vehicle safety, comfort, and aesthetics.
  • Improves visibility, reduces noise, and offers UV protection.
• Industry Data: In 2022, 85.4 million motor vehicles were manufactured globally, marking a 5.7% increase from 2021.

View More On The Automotive Glazing Market Report 2024 – https://www.thebusinessresearchcompany.com/report/automotive-glazing-global-market-report

Key Players in the Market

• Major Companies:
  • Compagnie de Saint-Gobain S.A.
  • Magna International Inc.
  • Evonik Industries AG
  • Asahi Glass Corporation
  • Fuyao Glass Industry Group Co. Ltd.
  • Others.

These companies are leading the way in innovation and sustainability, offering advanced automotive glazing solutions.

Innovative Solar Power Integration

• Solar Power Integration: Companies are developing automotive glass with integrated solar power generation capabilities.
• Recent Example:
  • AGC Automotive Europe S.A. introduced a photovoltaic panoramic sunroof in March 2024, capable of generating between 170 W and 380 W of power, depending on the surface area available for solar cells.
  • High-efficiency solar cells like n-type monocrystalline silicon tunnel oxide passivated (TOPCon) are used.

Sustainable Automotive Glass Solutions

• Industry Collaboration:
  • In September 2021, BASF SE partnered with Fuyao Glass Industry Group Co. Ltd. to develop high-quality sealed glass and functional encapsulated glass.
  • Focused on creating innovative and sustainable automotive glass materials.

Market Segmentation

• By Type: Single Glazing, Double Glazing, Triple Low-E Glazing.
• By Material: Laminated, Tempered, Polycarbonate (PB).
• By Technology: Sun Control Glazing, Hydrophobic Glazing, Switchable Glazing, Conventional.
• By Application: Windscreen, Sidelight, Bakelite.
• By Sales Channel: Original Equipment Manufacturers (OEM), Aftermarket.

Regional Insights

• Asia-Pacific Dominance: Asia-Pacific was the largest region in the automotive glazing market in 2023, driven by rapid industrialization and growing automotive production in the region.

Conclusion

The automotive glazing market is on a robust growth trajectory, driven by technological advancements, sustainability efforts, and increasing vehicle production. With continued innovation and expansion, the market is poised to reach new heights, offering enhanced safety, comfort, and energy efficiency in vehicles globally.

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The Automotive Glazing Global Market Report 2024  provides an in-depth analysis on the automotive glazing market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the automotive glazing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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