The Europe Automotive Glass Market would witness market growth of 6.2% CAGR during the forecast period (2023-2029).
The surged production of heavy-duty vehicles has further supported the growth of the market in the transportation & logistics space. In addition, population growth and increased disposable income have both boosted automotive production and sales. These crucial elements are fuelling the expansion of the market. Furthermore, vehicle glass technology developments enable cost and weight savings while enhancing driver safety and comfort.
Using features like head-up displays to boost driver awareness and improve sunroof applications in mass-market automobiles have focused attention on the need for technological advancement in automotive glass. Moreover, the market trends are being driven by criteria set for windshield retention and roof crush during the rollover. Due to the support and synergy of all these elements, the market is expanding significantly.
Back windows & windshields with aerodynamic style have more pronounced installation angles, making them longer. The increased surface area elevates the aesthetic value of glass on automobiles, driving demand for sunroofs and moonroofs. In addition, reflective coatings lighten the load on the air conditioner, saving fuel and lowering air pollution. Therefore, it is anticipated that improvements in this type of glass will positively affect the market.
The number of automobiles purchased by regional businesses has also increased. Additionally, these vehicles are used to ship online-purchased items. With the growth of e-commerce throughout Europe, a more modern distribution network is becoming more necessary. Germany is a prominent European automotive center, with the Volkswagen Group, the BMW Group, and the Daimler Group among its reputable automakers. It is a major maker of light commercial vehicles in Europe. Germany's light commercial trailer sector also produces more trailers than the nation's requirements. With the expansion of the automotive industry, the regional market is anticipated to present significant development potential.
The Germany market dominated the Europe Automotive Glass Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,703.5 million by 2029. The UK market is anticipated to grow at a CAGR of 5.4% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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