Automotive Glass Market Summary
As per Market Research Future Analysis, the Global Automotive Glass Market was valued at USD 15.2 Billion in 2021 and is projected to grow from USD 17.57 Billion in 2022 to USD 36.54 Billion by 2030, with a CAGR of 9.58% during the forecast period (2024 - 2030). Key drivers include the growth in transportation and logistics, increasing disposable income, and rising population. The market is significantly influenced by the application of smart glass technology, which enhances vehicle ambiance and control accessibility. The demand for luxury cars is also expected to boost the market, as high-quality tempered glass is preferred for safety and aesthetics. The market is segmented by type, vehicle type, and application, with laminated glass and passenger cars dominating the segments respectively.
Key Market Trends & Highlights
The Automotive Glass Market is witnessing several transformative trends.
- Smart glass technology is being researched for mainstream vehicle applications, enhancing user experience.
- Laminated glass held the majority share in 2021 due to its safety features in windshields.
- Passenger cars dominate the market, driven by increasing sales and demand for comfort and safety.
- The APAC region is expected to lead market growth, supported by manufacturing capabilities in China and India.
Market Size & Forecast
2021 Market Size | USD 15.2 Billion |
2022 Market Size | USD 17.57 Billion |
2030 Market Size | USD 36.54 Billion |
CAGR (2024 - 2030) | 9.58% |
Major Players
Key players include Shatterprufe, Olimpia Auto Glass Inc., Saint S.A., Central Glass Co. Ltd, Asahi Glass Co., Ltd, Fuyao Glass Industry Group Co. Ltd, Guardian Industries Corp, Xinyi Glass Holdings Limited, Cadillac Celestiq, A.B. de C.V., and Nippon Sheet Glass Co. Ltd.