Market Research Future (MRFR) has published a cooked research report on the “Automotive Glass Market” that contains information from 2018 to 2030. The Automotive Glass Market is estimated to register a CAGR of 9.58% during the forecast period of 2024 to 2030.
MRFR recognizes the following companies as the key players in the global Automotive Glass Market — 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, Vitro, S.A.B. de C.V., and Nippon Sheet Glass Co. Ltd.
Automotive Glass Highlights
The global Automotive Glass Market is accounted to register a CAGR of 9.58% during the forecast period and is estimated to reach USD 36.54 Billion by 2030.
The automotive glass market refers to the industry that deals with the production, distribution, and installation of glass components used in vehicles. Automotive glass serves multiple functions, including providing visibility, protecting passengers from the elements, contributing to the structural integrity of the vehicle, and aiding in the overall aesthetics of the vehicle. It encompasses various types of glass, such as windshields, side windows, rear windows, sunroofs, and other specialty glass applications.
Segment Analysis
The global Automotive Glass Market has been segmented based on Type, Vehicle Type, and Application.
The Automotive Glass market segmentation, based on type, includes Tempered and Laminated Glass. The Laminated Glass segment held the majority share 2021 of the car window market revenue. It is primarily due to its high demand for its use as windshields in vehicles as it offers better protection in case of accidents. Tempered glass, on the other hand, is widely used for rear and side windows due to its strength and ability to break into small, rounded pieces in case of breakage.
The Automotive Glass market segmentation, based on vehicle type, includes Passenger Cars, Light Commercial Vehicles, and Heavy Commercial vehicles. The passenger car segment is dominating. The increasing number of vehicle sales, coupled with the rising demand for comfort and safety features, has boosted the growth of the passenger car segment in the car window market. Light Commercial Vehicles and Heavy Commercial Vehicles also contribute to the market growth, as they require high-quality glass for better visibility and protection.
Based on application, the Automotive Glass market segmentation includes Windscreens, Sidelite, Backlite, and Sunroofs. The Windscreen segment dominated the market in 2021 and is expected to continue its dominance due to its critical role in providing visibility and protection to vehicle occupants. These all factors for auto glass positively impact the market growth.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Automotive Glass Market outlook
Regional Analysis
The global Automotive Glass Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. The APAC region will dominate the market over the forecast period. The abundance of economic resources to assemble and manufacture automotive parts in India and China, the presence of established glass manufacturing players, increasing R&D capacities, and the presence of several new production plants in China to cater to the growing needs for electric cars are adding to the market growth in the region. Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Europe’s Automotive Glass market accounts for the second-largest market share. The demand for electric vehicles, innovations, favorable government policies, and new plants, preference for sustainable cars, the mature and vast market for auto component and automobile production, favorable policies that are implemented by the EU government, strict government regulations with regards to driver and passenger safety, demand for hybrid cars with manufacturers focusing on sustainability, and the growing sales of luxury cars with the demand for sunroofs and wide angle windshields are adding to the market size in the region. Further, the Germany Automotive Glass market held the largest market share, and the UK Automotive Glass market was the fastest-growing market in the European region.
North America, Automotive Glass market, is expected to grow at the fastest CAGR from 2024 to 2030. Increasing production and sale of commercial cars, presence of a large base of automotive manufacturers, rise in the demand for automotive OEMS, demand for auto glass, and increased incorporation of ADAS systems by automotive OEMs with the frequent launch of new-age technologies like HUD applications and smart glass for temperature control are adding to the market growth in the region. Moreover, the U.S. Automotive Glass market held the largest market share, and the Canada Automotive Glass market was the fastest-growing market in the North American region.
Key Findings of the Study
- The global Automotive Glass Market is expected to reach USD 36.54 Billion by 2030, at a CAGR of 9.58% during the forecast period.
- North America, Automotive Glass market, is expected to grow at the fastest CAGR from 2024 to 2030. Increasing production and sale of commercial cars, presence of a large base of automotive manufacturers, rise in the demand for automotive OEMS, demand for auto glass, and increased incorporation of ADAS systems by automotive OEMs with the frequent launch of new-age technologies like HUD applications and smart glass for temperature control are adding to the market growth in the region
- The Automotive Glass market segmentation, based on type, includes Tempered and Laminated Glass. The Laminated Glass segment held the majority share 2021 of the car window market revenue.
- 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, Vitro, S.A.B. de C.V., and Nippon Sheet Glass Co. Ltd
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Companies Covered | 15 |
Pages | 102 |
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