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Automotive Glass Demand
OREGAON, PORTLAND, UNITED STATES, May 31, 2023/EINPresswire.com/ — According to the report published by Allied Market Research, the global automotive glass industry was estimated at in 2021 and is expected to hit $31.2 billion by 2031, registering a CAGR of 6.8% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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Based on type, the laminated segment accounted for the highest share in 2021, generating more than three-fifths of the global automotive glass market revenue and is projected to rule the roost in terms of revenue by 2031. However, the tempered segment is expected to register the highest CAGR of 8.0% from 2022 to 2031.
On the basis of vehicle type, the passenger cars segment held the major share in 2021, garnering around two-thirds of the global automotive glass market revenue and is projected to maintain its dominance by 2031. However, the commercial vehicles segment would display the fastest CAGR of 8.4% during the forecast period.
Based on end user, the original equipment manufacturer segment accounted for the highest share in 2021, generating nearly four-fifths of the global automotive glass market revenue and is projected to rule the roost by 2031. The aftermarket segment, on the other hand, is expected to manifest the fastest CAGR of 8.8% during the forecast period.
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By region, Asia-Pacific held the major share in 2021, garnering nearly three-fifths of the global automotive glass market revenue and is projected to rule the roost by 2031. However, the North America region would showcase the fastest CAGR of 9.8% during the forecast period.
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On the basis of type, the Tempered segment is anticipated to exhibit significant growth in the near future.
On the basis of application, the Sunroof segment is anticipated to exhibit significant growth in the near future.
On the basis of vehicle type, the Commercial Vehicles segment is anticipated to exhibit significant growth in the near future.
On the basis of end-user, the Aftermarket segment is anticipated to exhibit significant growth in the near future.
On the basis of region, North America is anticipated to register the highest CAGR during the forecast period.
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Leading market players of the global automotive glass market analyzed in the research include Corning Incorporated, Fuyao Group, Webasto Group, Magna International, Inc., Nippon Sheet Glass Co., Ltd., Xinyi Glass Holdings Limited., Taiwan Glass Industry Corporation, Saint Gobain, Guardian Industries, and AGC Inc.
David Correa
Allied Analytics LLP
+ 1-800-792-5285
email us here
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