The Asia Pacific Automotive Glass Market would witness market growth of 7.2% CAGR during the forecast period (2023-2029).
The size of automotive glass products is expanding, with some automakers even experimenting with entire glass canopies. Efficiency performance becomes crucial in terms of safety & comfort due to these developments. The market is in extremely high demand due to increasing primary safety from accidents and rising customer preferences for applying glass in passenger cars. Incorporating cameras, electronic sensors, and rear-view mirrors into vehicle glass is anticipated to increase.
Glass is used more often due to consumers' preference for sunroofs in automobiles. As a result, manufacturers of automobiles like Honda and Toyota have expanded sunroof use to other categories in addition to the luxury cars. Additionally, improvements in vehicle design have increased the size of the side windows and windshields, contributing to the market's overall growth.
A promising development for the market is the increasing production of commercial cars. Additionally, it is anticipated that a significant increase in the production of electric vehicles will create a lucrative opportunity for the market. Furthermore, technological breakthroughs are also being seen in the case of glass, like the dimmable and display glass technology, along with advancements in automobiles, such as the switch from fuel-based to electric as well as from manual to automatic.
The market in this region will grow due to emerging economies and the substantial manufacturing presence in China, India, and Japan. In addition, increased potential in the automotive glass industry will result from quick regulatory adjustments to make transportation more technologically advanced and from the region's continuously growing population. China ranks amongst the world's largest automotive manufacturers. The region's contribution to the growth of the market includes the presence of established glass manufacturing players, expanding R&D capabilities, and several new production facilities in China to fulfil the increasing demand for electric vehicles. These elements are predicted to support market expansion.
The China market dominated the Asia Pacific Automotive Glass Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $3,195.7 million by 2029. The Japan market is estimated to grow a CAGR of 6.6% during (2023 - 2029). Additionally, The India market would display a CAGR of 7.9% during (2023 - 2029).
Based on Type, the market is segmented into Laminated and Tempered. Based on Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. Based on End User, the market is segmented into Original Equipment Manufacturer and Aftermarket. Based on Application, the market is segmented into Windshield, Sidelite, Sunroof and Backlite. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Automotive Glass Market is Projected to reach USD 27.4 Billion by 2029, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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 Country
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