Global Automotive Glass Market is expected to reach ~USD 30 Bn by 2028F: Ken Research
Global Automotive Glass market By End-User
The Global Automotive Glass market is segmented by End-User into Original Equipment Manufacturer and Aftermarket.
The OEM segment held the largest market in 2022, because, the majority of the auto glasses are utilized in the production of vehicles.
OEM generally supplies manufactured products to cater to the demand from the end product manufacturer. OEM products are generally used as a component in the final product of another company.
Global Automotive Glass market By Application
The Global Automotive Glass market is segmented by Application into Windscreen, Backlite, Sidelite and Sunroof.
The windscreen segment held the largest market in 2022, owing to the importance of windscreens in a vehicle structure along with safety concerns.
Windscreen of a vehicle is the glass window at the front that the driver looks at. The windscreen provides clear vision and acts as a protective shield. The windshield protects all passengers from any external injuries such as accidents or any mishap. Growing demand for smart windscreens is also boosting the growth of this segment.
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Global Automotive Glass market By Geography
The Global Automotive Glass market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.
The Asia Pacific accounted for the largest market share within the Global Automotive Glass Market in 2022, owing to rising investment in the auto industry, and growing demand for passenger cars.
Toyota, Volkswagen, Honda, Geely, and other major automobile manufacturers are continuously improving as per the demand from customers, and shifting customer preferences toward luxury vehicles in China is also fueling the demand in this market.
According to the International Trade Association (ITA), a USA agency that promotes trade and investment, China continues to be the world’s largest vehicle market by both annual sales and manufacturing output, with domestic production expected to reach 35 million vehicles by 2025.
Competition Scenario In Global Automotive Glass Market
The global automotive glass market is significantly competitive with ~100 players which include globally diversified players, and country-niche players as well as a majority number of regional players having their niche in automotive glass manufacturing for OEMs and aftermarket sales.
Regional players constitute ~45% of competitors while large global players constitute ~20%. Some of the major players in the market include FUYAO Glass Industries Co., Ltd., Nippon Sheet Glass Co., Ltd, Saint-Gobain, Xinyi Glass Holdings Limited, AGC Inc., Central Glass Co., Ltd., Corning Incorporated, Guardian Industries Holdings, Sisecam, Webasto Group, and others.
What Is the Expected Future Outlook for the Overall Global Automotive Glass market Across The Globe?
The Global Automotive Glass market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Global Automotive Glass market is driven by the increasing demand for electric, hybrid, and luxury vehicles. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.
With the increasing collaboration and emergence of new products, the Global Automotive Glass market is changing rapidly. For instance, In August 2021, Webasto announced the acquisition of Carlex Glass Luxembourg SA. Carlex deals in the manufacturing of glass elements for passenger cars and counts many international carmakers among its customers.
In June 2021, Corning Inc and Jeep (automobile manufacturer), announced the launch of a windshield for the Jeep Wrangler and Jeep Gladiator with Corning Gorilla Glass.
In October 2021, Guardian Glass invested in its Goole, East Yorkshire float glass production plant to increase the company’s ability to supply float glass, primarily to the UK and Ireland.
The Global Automotive Glass Market witnessed significant growth during the period 2017-2021, owing to the growing automotive industry and shifting trend towards smart glass. The growth rate is also expected to remain significant during the forecast period. Though the market is significantly competitive with ~100 participants, majority of global players dominate the market revenue share, and regional players hold a significant share.
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Key Topics Covered in the Report
- Snapshot of the Global Automotive Glass Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Automotive Glass Market
- Historic Growth of the Overall Global Automotive Glass Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Automotive Glass Industry
- Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Global Automotive Glass Market
- Future Market Forecast and Growth Rates of the Total Global Automotive Glass Market and by Segments
- Market Size of Vehicle Type/Application Segments with Historical CAGR and Future Forecasts
- Analysis of the Global Automotive Glass Market
- Major Production/Supply and Consumption/Demand Hubs in Each Major Region
- Major Continent-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Continent
Major Players Mentioned in the Report
- FUYAO Glass Industries Co., Ltd.
- Nippon Sheet Glass Co., Ltd
- Saint-Gobain
- Xinyi Glass Holdings Limited
- AGC Inc.
- Central Glass Co., Ltd.
- Corning Incorporated
- Guardian Industries Holdings
- Sisecam
- Webasto Group
Notable Emerging Companies Mentioned in the Report
- Magnum Tuff India Private Limited
- Glavista
- Speedy Autoglass
- Mobss Windshield Pvt. Ltd.
- Vehicle Glass Company Ltd.
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Automotive Glass Manufacturing Companies
- Soda Ash Suppliers
- Silica and Sand Suppliers
- Government & Regulatory Authorities
- Automotive Research Institutes
- Investors in Automotive Industry
- Smart Glass Manufacturers
- Automotive OEMs
- Start-ups & Incumbents in Automotive Electronics
- Automotive Testing & Inspection Companies
- Company Research and Development Institutes
- Market Research & Consulting Firms
- Banking and Financial Service Providers
- Investment Banks Targeting Automotive Component Industry
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022-2028F
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