Market Size of Europe Automotive Glass Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 6.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Automotive Glass Market Analysis
The Europe Automotive Glass Market is projected to grow with a CAGR of more than 6% during the forecast period.
- The automotive industry is moving towards autonomy and vehicles are becoming smarter and for different operations, it does not require any human intervention also demand more personalized vehicles is growing around the world and Europe
- Smart glasses are being employed in the luxury vehicles to increase its premium feel and now they are quickly finding their way in entry-level cars and electric vehicles. smart glass runs on suspended particle devices which is a light-control technology for its property of light-blocking. The scientific process behind the smart glass is nanoparticles first absorbs the light suspended in a polymeric system which is then distributed throughout a film on the glass.
- The windshield is the major and most important application of glass in vehicles as it provides strength and structural support in the cabin of the vehicle. The windshield is an integral part of the safety restraint system in the vehicle. During front end collision the windshield provides structural integrity to the cabin of the vehicle. It protects the roof from crushing on occupants during a rollover also it allows the airbags to deploy in the correct position.