Light Vehicle OE Glazing (Original Equipment Glazing) refers to the use of glass in the assembling of automobiles, cars, and light trucks. This type of glazing is most often used for side and rear windows, windshields, and sunroofs. It provides protection from the elements and safety in the event of an accident.
The global light vehicle OE glazing market is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2019 to 2027. The market is driven by the increasing demand for electric vehicles, the increasing production of vehicles, and the increasing demand for luxury vehicles. The rising demand for lightweight glazing materials is also fueling the market growth.
The major players in the light vehicle OE glazing market are AGC Inc., Saint-Gobain, Compagnie de Saint-Gobain SA, Asahi Glass Co., Ltd., Nippon Sheet Glass Co., Ltd., Fuyao Group, XYG Group, and Fuwei Films. These companies have adopted various strategies such as product launches and expansions to increase their market share.
The global Light Vehicle OE Glazing market was valued at US$ 11950 million in 2022 and is anticipated to reach US$ 14230 million by 2029, witnessing a CAGR of 2.5% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Light Vehicle OE Glazing Market available at: https://www.themarketreports.com/report/global-light-vehicle-oe-glazing-market-research-report
This report aims to provide a comprehensive presentation of the global market for Light Vehicle OE Glazing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Light Vehicle OE Glazing.
The major global companies of Light Vehicle OE Glazing include AGC, NSG, Saint-Gobain, Fuyao, CGC, PGW, Vitro, XYG, Soliver etc. In 2021, the world’s top three vendors accounted for approximately % of the revenue.
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