Automotive Glass Market - Global Opportunity Analysis And Industry Forecast (2024-2031)
Meticulous Research ® —a leading global market research company, published a research report titled , ‘ Automotive Glass Market by Glass Type (Laminated Glass, Tempered Glass), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Electric Vehicles), Sales Channel, Application (Sidelight, Windshield, Sunroof), and Geography—Forecast to 2031’ According to this latest publication from Meticulous Research ® , the global automotive glass market is projected to reach $28.3 billion by 2031 , at a CAGR of 8.9% during the forecast period. The growth of the automotive glass market is attributed to the growing demand for electric and hybrid vehicles, increasing sales of vehicles, and increasing penetration of sunroofs in passenger cars. However, the high initial and set-up costs of automotive glass plants and fluctuations in raw material prices restrain the market’s growth. Moreover, the increasing use of smart glass in the automotive industry offers significa...