Automotive Glass Market to Register Enticing CAGR of 10.5% till 2028; AGC Inc. Presents Curved-large Cover Glass; Set to Mark Progress

The global automotive glass market size was USD 14.48 billion in 2020. The market is slated to grow from USD 15.48 billion in 2021 to USD 31.16 billion in 2028 at a CAGR of 10.5% in the 2021-2028 period.

This information is presented by our expert analysts at Fortune Business Insights™, in the report, titled “Automotive Glass Market Size, Share, and COVID-19 Impact Analysis, By Glass Type (Tempered, Laminated), By Application (Windshield, Sidelite, Backlite, Sunroof), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles), and Regional Forecast, 2021-2028.”

As per our researchers, the technological progressions in automotive type of glass are empowering cost and weight cutbacks while refining driver cosiness and security.

COVID-19 Impact

Provisional Lessening in Demand for Auto Glass owing to COVID-19 Pandemic

Ever since the COVID-19 virus outbreak, the infection has accomplished to spread to each region across the world, therefore the World Health Organization (WHO) declared it as a public health emergency. The global impacts of the coronavirus disease were perceived by nearly every sector in the first half of the year 2020.

The pandemic-brought lockdown directed to an adversative drop in automobile production, especially in the first half of 2020.

New 2021 Cadillac Escalade Car-mounted Displays to feature Curved-Large Cover Glass by AGC be used in

AGC declared that its Curved-large cover glass for car-mounted displays has been utilized in Cadillac's Luxury SUV, novel 2021 Escalade. 

Moreover, new 2021 Cadillac Escalade portrays the prime curved P-OLED display in a production automotive. This inventive-created display is encompassed of three separate screens, which display several type of information for drivers such as navigation content, meter cluster information, as well as infotainment. 

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/automotive-glass-market-102579

Strict Protective Rules Inflicted by Government to Fuel Market Growth

The steadiness regarding costs of materials such as lime, soda ash, oxides of magnesium, potassium, as well as aluminum, and plummeting fuel costs have elevated the growth of cost-effective glass for cars.

Moreover, growing demand for automobiles in the transportation and logistics sector, coupled with an emphasis on refining vehicle aerodynamics owing to protection guidelines, is fueling the automotive glass market growth.

Competitive Landscape

Collaborations among Companies to Reinforce Their Brand Values in Global Market

Prominent players in the market are continuously rooting for efficient strategies to endorse their products and establish their positions in the market. One such tactic is to launch novel products by partnering up with other corporations to encompass their reach to end-users.

Industry Development

• September 2020: AGC Inc. presented Curved-large cover glass for car-mounted displays has been installed in Cadillac's Luxury SUV, new 2021 Escalade. It has been utilized as the securing surface glass for the industry’s prime curved P-OLED (Plastic OLED) display supplied by LG Display and LG Electronics.

List of Key Players Covered in the Market Report

• Saint Gobain Sekurit (Herzogenrath, Germany)


• Fuyao Glass Industry Group Co. Ltd (Fuzhou, China)


• AGC Inc. (Tokyo, Japan)


• Xinyi Glass Holdings Limited (Hong Kong, China)


• Nippon Sheet Glass Co. Ltd (NSG) (Tokyo, Japan)


• Magna International Inc. (Aurora, Canada)


• Guardian Glass LLC (Michigan, U.S.)


• Webasto Group (Stockdorf, Germany)


• Corning Incorporated (New York, U.S.)


• Schott AG (Mainz, Germany)

Further Findings

Asia Pacific holds the largest automotive glass market share and is valued at USD 7.72 billion in 2020.

Based on vehicle type, the market is segmented into passenger cars, light commercial vehicles, heavy commercial vehicles, and electric vehicles (EV). The passenger car segment is anticipated to dominate the market over the forecast period.

Table of Segmentation