Automotive Glass Market Growth Opportunities and Forecast till 2030
The Global Automotive Glass Market Size valued for USD 38.6 Billion in 2021 and is anticipated to reach USD 59.7 Billion by 2030 with a CAGR of 5.1% from 2022 to 2030.
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Parameter |
Automotive Glass Market |
Automotive Glass Market Size in 2021 |
US$ 38.6 Billion |
Automotive Glass Market Forecast By 2030 |
US$ 59.7 Billion |
Automotive Glass Market CAGR During 2022 – 2030 |
5.1% |
Automotive Glass Market Analysis Period |
2018 - 2030 |
Automotive Glass Market Base Year |
2021 |
Automotive Glass Market Forecast Data |
2022 - 2030 |
Segments Covered |
By Product, By Vehicle Type, By Application, By End-Use, and By Region |
Automotive Glass Market Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled |
AGG, Asahi Glass, Corning, Fuyao Glass, Gentex Corporation, Magna International, Nippon Sheet Glass, Saint-Gobain, Samvardhana Motherson, Webasto, and Xinyi Glass. |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Automotive Glass Market Dynamics
Several main reasons have contributed to the tremendous rise of the automotive glass industry in recent years. The increasing global demand for vehicles is one of the key drivers of demand for automotive glass. As more people buy cars and other vehicles, there is a greater demand for automotive glass items such as windscreens, side and rear windows, and sunroofs. Another factor driving the growth of the automotive glass market is the increased emphasis on vehicle safety and comfort features. Modern car glass is engineered to meet stringent safety regulations while also providing enhanced comfort features like noise reduction and UV protection. As a result, both car manufacturers and consumers have raised their need for high-quality automotive glass goods.
Aesthetic considerations drive the automobile glass market in addition to safety and comfort aspects. Many car owners want their vehicles to stand out, and automotive glass items like tinted windows and other specialty glass can help. As a result, demand for custom-designed automobile glass products has surged in recent years. The rising cost of raw materials such as glass and adhesives is one of the primary difficulties confronting the automotive glass market. Due to the high cost of these materials, manufacturers may find it difficult to offer competitive prices for their products, limiting demand in some markets.
Another issue confronting the automotive glass business is raising competition from alternative materials like as polycarbonate and acrylic. These materials have many of the same advantages as standard glass, such as increased safety and comfort, while also being lighter and more impact resistant. As a result, several manufacturers are investigating the use of alternative materials in their products, which could threaten the traditional automobile glass business.
Automotive Glass Market Insight
The automotive glass market is divided into product type, vehicle type, application, end-use, and geographic markets. The product type segment is divided into tempered, laminated, and others. Vehicle type is split into passenger car, light commercial, and heavy commercial. By application, the industry is split into backlite, sidelite, sunroof, and windscreen. End-use segment is bifurcated into Original equipment manufacturer (OEM) and aftermarket replacement (ARG).
Global Automotive Glass Market Geographical Competition
The global automotive glass industry is fiercely competitive, with several major competitors operating in various parts of the world. Product quality, pricing, and customer service, as well as regional market situations and regulatory contexts, promote rivalry among these firms.
Saint-Gobain, a French multinational firm with operations in more than 60 countries, is a major player in the global automotive glass market. Saint-Gobain is well-known for producing high-quality automotive glass products such as windscreens, side and rear windows, and sunroofs, and it has a significant presence in important regions such as North America, Europe, and Asia-Pacific.
AGC Inc., a Japanese glass production corporation with operations in over 30 countries, is another important competitor in the automotive glass market. AGC manufactures tempered glass, laminated glass, and specialty glass, and has a prominent presence in areas such as Japan, China, and the United States.
Aside from these main competitors, there are a number of smaller firms that specialize in automotive glass products and services. These businesses are more regionally focused and frequently have strong links with local automakers and suppliers.
Regional competitiveness is also important in the automobile glass industry. Companies like as Guardian Industries and Fuyao Glass America are prominent market players in North America, while Nippon Sheet Glass and Pilkington dominate the business in Europe. There are various local players rapidly expanding their market share in emerging markets such as China and India.
Global Automotive Glass Industry Segment Analysis
Market By Product Type
· Tempered
· Laminated
· Others
Market By Vehicle Type
· Passenger Car
· Light Commercial
· Heavy Commercial
Market By Application
· Windscreen
· Backlite
· Sidelite
· Sunroof
Market By End-Use
· Original Equipment Manufacturer (OEM)
· Aftermarket Replacement (ARG)
Automotive Glass Market Leading Companies
The players profiled in the report are AGG, Corning, Asahi Glass, Fuyao Glass, Magna International, Gentex Corporation, Nippon Sheet Glass, Samvardhana Motherson, Saint-Gobain, Webasto, and Xinyi Glass.
Automotive Glass Market Regions
North America
· U.S.
· Canada
Europe
· U.K.
· Germany
· France
· Spain
· Rest of Europe
Latin America
· Brazil
· Mexico
· Rest of Latin America
Asia-Pacific
· China
· Japan
· India
· Australia
· South Korea
· Rest of Asia-Pacific
Middle East & Africa
· GCC
· South Africa
· Rest of Middle East & Africa