Automotive Glass Market size is expected to reach USD 46.39 billion by 2030
The global automotive glass market size was valued at USD 30.8 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2030. An increasing emphasis on lightweight cars on account of rising harmful emissions from vehicles that have an adverse effect on the environment is driving glass penetration in the automotive industry. According to the International Organization of Motor Vehicle Manufacturers (OICA), the production of automobiles reached 85.02 million vehicles globally in 2022. The strong production volume is attributed to the development of the automotive manufacturing sector, particularly in countries such as China and India, owing to increasing government initiatives regarding motor vehicle regulations. Technological advancements in the automotive sector, along with continuous upgradation in vehicle designs, have compelled market players to introduce advanced products for automotive manufacturers. For instance, in...