Market Size of North America 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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North America Automotive Glass Market Analysis
The North AmericaAutomotive Glass Market is projected to grow with a CAGR of more than 6% during the forecast period.
- Car glass is an important constituent of any vehicle now any vehicle have an average of around five meter square of glass in it, many technological advancements have been done in automotive glassmaking to make modern vehicles smarter.
- The automotive industry is in the era of electric, connected, and autonomous vehicles. Automakers are adopting new types of glasses for their upcoming electric vehicles, For instance, Tesla's new glass technology automotive perforated insulated glass structure can control the temperature inside the car and capable of providing noise reduction.
- Smart glasses are the latest advancements in the automotive glass market where drivers can adjust the amount of light entering the car. 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 absorb the light suspended in a polymeric system which is then distributed throughout a film on the glass.