The North America Automotive Glass Market would witness market growth of 6.4% CAGR during the forecast period (2023-2029).
The glass used in automobiles, such as cars, trucks, and buses, is called automotive glass. Typically, laminated or tempered glass is used for this glass, which is extremely impact- and shatter-resistant. It is used for the side windows, front and back windshields, and windshield wipers to protect passengers from the elements, road debris, and other hazards. Additionally, automotive glass may have specialized elements like heating, coatings, or tinting to reduce glare or improve visibility. To guarantee a vehicle's structural integrity & safety, high-quality automotive glass must be used.
The rising usage of laminated glass, the surge in demand for lighter-weight glass, and safety regulations for occupant crash protection by various governments are some drivers driving the market. Along with the continued expansion of the regional automotive industry, demand for the market is also anticipated to increase. As a result, manufacturers now have an opportunity to make investments in new production facilities and increase their market share. Additionally, some automakers are experimenting with augmented reality windshields that show current information like weather, speed, and navigation directions. The information is displayed on these windshields using projectors and specific coatings, improving the driving experience and decreasing the need to look off the road.
Fleet management's increasing desire for long-distance operations is what led to this. Local governments are also enacting a lot of regulations related to carbon emissions. Regional manufacturers are now incorporating the same technology into buses & commercial vehicles to reduce carbon emissions. For instance, lengthy duty cycles or fuel efficiency optimization have previously been used for long-haul cars. The region's demand for automobiles also changes frequently due to rising commodity and resource trade, increased internationalization of value chains, developments in motor technology, and CO2 emissions. As a result, the demand is estimated to rise, hence, supporting the North America’s growth.
The US market dominated the North America Automotive Glass Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $5,083 million by 2029. The Canada market is poised to grow at a CAGR of 8.5% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 8.2% 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 U.S., Mexico, Canada, and Rest of North America.
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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