Frequently Asked Questions
The global automotive glass market was valued at USD 23.1 Billion in 2022.
The automotive glass market is expected to grow at a CAGR of 5.80% between 2023 and 2030, reaching USD 34.2 Billion in 2030.
Tempered automotive glass dominated the product market in 2022, accounting for 59.3% of the volume share.
Electric vehicle segment also contribute to the demand for automotive glass.
Sunroof is expected to have the highest CAGR during the projection period.
In 2022, the Asia-Pacific region held the biggest market share, accounting for 47%.
The top players include Saint Gobain Sekurit, Fuyao Glass Industry Group Co. Ltd , AGC Inc. And Xinyi Glass Holdings Limited. Other major players include Magna International Inc, Guardian Glass LLC, Webasto Group and Corning Incorporated.
Demand for high-end vehicles with sunroofs has increased, and the government has imposed strict safety standards, as well as increased interest in electric and hybrid vehicles are the major market drivers.
High costs, considerable capital expenditure, and fluctuating raw material prices are the major market restraints.
Smart Glasses are gaining popularity, as is interest in advanced driver assistance systems and the use of lightweight materials are the major opportunities in the automotive glass industry.