Automotive Glass Market Size By Product (Laminated, Tempered), By Application (Sidelite, Backlite, Windscreen), By End-Use (Aftermarket, OEM), By Vehicle (Light Commercial Vehicle, Heavy Commercial Vehicle, Passenger Cars), Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, Australia, Malaysia, Indonesia, South Korea, Brazil, Argentina, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024
Published Date: February 2017 | 266 Pages | Report ID: GMI1087 Report Format: PDF
Automotive Glass Market size was more than USD 15 billion in 2015, and will witness gains at over 7% CAGR from 2016 to 2024.
Europe Automotive Glass Market Size, By Application, (Mn Sq.m), 2015 & 2024
Rising global automobile production and consumption along with rapid urbanization are driving factors of industry growth. Emerging smart glass technologies ensuring protection from sunlight, enhanced visibility and improved comfort will support the automotive glass market demand. Increasing laminated glass consumption to ensure safety and rising demand for sunroofs have influenced product enhancement.
Shifting consumer preference for the sunroofs in vehicles along with the increasing aesthetically appealing and luxury car consumption particularly in the emerging economies including China, Brazil and India will drive the automotive glass market size. This is due to sunroofs enhance the aesthetic appeal of the vehicles.
Technological advancement in automotive industry to offer maximum fuel efficiency and safety to the passengers has influenced the manufacturers towards extensive R&D which will fuel automotive glass market growth. Lightweight properties along with better safety are the key factors stimulating product penetration.
High consumer spending mainly in developing nations coupled with rising concerns regarding safe travel in passenger vehicles will fuel the automotive glass market. Reducing automobile weight to minimize the carbon emissions is the factor trending in vehicle design. Increasing replacement of metals with glass support the vehicle weight reduction. Growing R&D activities regarding weight reduction and emission control will be the driving factors of the automotive glass demand.
Global passenger cars sales increased to reach over 75 million units in 2015. The market is highly influenced by the economic recovery particularly in North America and Europe as well as in the emerging economies including Asia Pacific and South America.
China accounted for more than 25% of the global automobile production in 2015. Automotive sector is one of the major economical motivating factors in China glass industry. China automotive manufacturing sector has obtained a significant level of industrial maturation and development, with the rising demand for chassis, bodies and engines.
Potential application outlook in passenger vehicles along with rising usage of glass to reduce emissions are the reasons driving the automotive glass industry. Rising consumer safety concerns and stringent safety regulations will drive the industry growth. Increasing global automobile production is the supporting factor for the OEM market growth. China is among the leading automobile producing country manufacturing over 24 million car units annually.
Automotive Glass Market, By Product
Laminated automotive glass market size was over USD 4.5 billion and is estimated to grow at over 6.5% up to 2024. Rising applications in windshield of vehicles and growing safety standards in vehicles is expected to drive the automotive glass market demand. Laminated product minimizes the obstacle penetration by avoiding scattering of fragments. Production process including heat treatment with two layers of glass supports this property.
Tempered automotive glass market is estimated to grow over 6% volume wise by 2024. It is widely utilized for sidelite and backlite in commercial vehicles. The production process includes heating it high temperature followed by sudden cooling. This enhances the property of breaking it into very small pieces during accidents. Rising accident numbers coupled with low cost repairs is expected to drive the automotive glass market demand.
Automotive Glass Market, By Application
Global sidelite market will grow at over 6.5% up to 2024. Sidelite, commonly referred as side window has witnessed increasing consumption owing to the better visibility properties.
Windscreen market is estimated to grow at 6.7% by volume up to 2024. Stringent regulations by the organizations including FMVSS regulating the standard for safety concerns is expected to drive the automotive glass market growth. The regulations include production process, thickness standards to ensure the occupant’s safety.
Silica sand and soda ash are the key raw materials involved in the production of automotive glass. The proportion of the raw materials vary as per the product type and production procedures. Depending upon the type the salt proportion gets varied along with production procedures. High energy consumption, equipment, transportation, safety and precaution costs and manufacturing process are the factors influencing the price trend.
Automotive Glass Market, By End Use
Aftermarket replacement glass market is expected to witness CAGR over 5%. Rising number of accidents coupled with damage due to weather is expected to drive the automotive glass market growth. Moreover, these products are produced by aftermarket manufacturers which are not contract supplier for vehicle manufacturing industries. High consumer preference for low cost products and insurance cover after accidents are the driving factors of the ARG market demand.
Regulations regarding copyright and patent infringement may act as challenge for aftermarket industry growth for aftermarket replacement glass. The product is manufactured with same size and shape of the original products to ensure proper fitting but the tint, color and thickness may vary from original product.
OEM dominates the automotive glass market with industry share over 80%. Rising safety concerns is expected to drive the market demand. The product is comparatively expensive as compared to its counterpart owing to all standards followed by the manufactures. In addition to this OEMS are the suppliers to vehicle manufacturers during vehicle assembly. Rising tie-ups with retail supplier of OEM is expected to drive the market size.
OEM products are manufactured with exact specification as stated by vehicle manufacturing industry. This result in popularity in fitment of the product while replacement. Owing to this property these are more popular among the technicians working in automotive glass fitting workshops.
Automotive Glass Market, By Vehicle
Light commercial segment market will grow at over 6.5% by 2024. The global market consumption is determined by several units sold per year. Increasing goods transportation in rural areas is enhancing light commercial vehicles consumption.
Heavy commercial vehicle glass is available in larger size and wider thickness. Earthmoving heavy vehicles use complex product profile. Rapid industrialization, development of road infrastructure and stable growth in commercial activity especially in distribution logistics and public transport will drive the market demand.
Automotive Glass Market, By Region
U.S. automotive glass market sizewill grow at over 4.5% by 2024. Rising demand from original equipment is the key market factor in light vehicles. Stringent regulations regarding safety is expected to drive the market demand. OE along with aftermarket industry follow the FMVSS regulations including safety measures on penetration through windshield, safety of passenger, strength and crash resistance.
Asia Pacific is one of the leading contributors to the overall industry with China, India and Japan. China is major producer of automotive vehicles owing to economical availability of resources including labor and land. Favorable FDI policies is the supporting factor for industry growth. This has resulted in competitive advantage for increasing OEM industry of various automobile manufacturers in this region.
Europe led by Germany is known as automotive hub with well-known innovations, safety, design and reliability. Germany is the leading automobile manufacturer globally with a high product growth potential. Innovation regarding safety of passenger is the key feature for market growth. Prevention from damage and passenger safety during accident are the major measures taken care in this region.
Competitive Market Share
Global automotive glass market share is consolidated with the major industry players including AGC, Saint Gobain Sekurit, Central Glass America, Shenzhen Benson, Ltd. Nippon, PPG Industries, Inc., Xinyi, Duratuf, Corning, Inc. and Guardian.
Mergers and acquisitions are the major strategies adopted by industry players. For instance, in 2016, Saint-Gobain officially acquired France Pare-Brise, which is a second largest franchise network of automotive glass repair and replacement market in France. The acquisition has allowed the company to capture a position in the fitting market in Europe. Other notable industry players include Webasto, Magna International, Inc., Fuyao Group, Fuso Glass India Pvt. Ltd., PGW and Gentex Corporation.
Automotive Glass Industry Background
Automotive glass industry is part of flat glass industry, increasing applications from automobile and construction is expected to drive the market demand. The product is used in automobile industry in sunroof, sidelite, backlite and windshields. In addition to this, it is used in construction industry for interior and exterior applications.
Global flat glass market size was 70 billion in 2015, rising applications in construction industry is expected to drive the market growth. Regulations regarding use of the product in construction and automobile is expected to drive the demand.
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