Auto Glass Business Worth Billions According to Market Research

According to Verified Market Research (VMR) data, the Auto Glass Market was valued at $23.1 billion in 2023. VMR estimates the value will reach $29.25 billion by 2023, meaning a Compound Annual Growth Rate of 5.2% from 2024 to 2030.

VMR cites several possible factors for this growth, including “technological advancements” like smart glass and heads-up displays, “regulatory standards” by the government and “safety concerns and consumer awareness” of how important auto glass is for safety.

VMR mentions several possible challenges to the Auto Glass market as well, such as “high manufacturing costs,” “fierce competition” and “sustainability and environmental regulations concerns.”

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