Automotive Glass Market Size By Product (Laminated, Tempered), By Application (Sidelite, Backlite, Windscreen), By Distribution Channel (Aftermarket Replacement Glass, Original Equipment Manufacturer), By Vehicle (Light Commercial Vehicle, Heavy Commercial Vehicle, Passenger Cars), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026
Published Date: Oct 2019 | Report ID: GMI1087 | Authors: Kiran Pulidindi, Hemant Pandey
Automotive Glass Market size was USD 8.23 billion in 2018 and will witness a CAGR of 7.6% between 2019 and 2026.
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Automotive glass protects both passengers and the structure of the vehicle by keeping them safe from the external obstacles. It is developed with the emergence of innovative features including protection from external temperature changes, external noise and better visibility. Research activities pertaining with vehicle aerodynamics to improve the operating speed have resulted in many advanced designs, further enhancing the product demand. Consistent innovations in features for automotive glass have increased the overall value and operational efficiency.
Increasing quality control measures along with reducing production cost are the driving factors of vehicle modularization. Shifting consumer trends in conjunction with integration of advanced vehicle components with an aim to reduce weight and decrease the production processing is propelling the industry size. Increasing vehicle production and sales coupled with changing lifestyle and high disposable incomes are promoting the increased product utilization.
Technical enhancements in vehicle connectivity and collaborative safety systems for self-driving cars will impact sales. Recent technological advancements have enhanced the vehicle designs including cross curvature windows, glass sweeping in roofline, and asymmetrical shapes. Increasing use of telematics in vehicles and shifting consumer preference towards superior comfort vehicle is positively influencing the acoustic windshields demand.
Acoustic windshield comprises of a viscoelastic PVB interlayer that offers dynamic mechanical and damping properties resulting into less excitation by incident sound. PVB interlayer improves acoustical performance of standard windshields such as coincident effect, resonant vibrations and reduced noise levels. However, fluctuating raw material prices along with demand and supply gap will hinder the industry growth.
|Base Year:||2018||Market Size in 2018:||USD 8.23 Billion|
|Historical Data for:||2016 to 2018||Forecast Period:||2019 to 2026|
|Forecast Period 2019 to 2026 CAGR:||6.3%||2026 Value Projection:||USD 14.96 Billion|
|Pages:||242||Tables, Charts & Figures:||320|
|Geographies covered (21):||U.S., Canada, Germany, UK, France, Italy, Russia, Poland, China, India, Japan, Malaysia, Thailand, South Korea, Australia, Brazil, Argentina, Mexico, Saudi Arabia, UAE, South Africa|
|Segments covered:||Product, Application, End-use, Vehicle|
|Companies covered (27):||Saint-Gobain Sekurit, Asahi Glass Co., Central Glass America, Inc., Shenzhen Benson Automobile Glass Co., Nippon Sheet Glass Co. Ltd., PPG Industries Inc., Xinyi Glass Holdings Ltd., Duratuf Glass Industries (P) Ltd., Corning, Inc., Guardian Glass, Webasto, Magna International Inc., Fuyao Group, Fuso Glass India Pvt. Ltd., Pittsburgh Glass Works, Gentex Corporation, Shatterprufe Windscreens, Vitro S.A.B. de C.V., LKQ Corporation, Dura Automotive System LLC, Soliver, Windscreens Glas Trosch Holding AG, Independent Glass Co. Ltd., Paragon Tempered Glass, China Glass Holding Ltd., Euroglas GmbH, NSG|
|Pitfalls & Challenges:||
Steep rise of laminated glass due to added functionalities
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Laminated glass will witness over 7% growth owing to its growing demand in the production of vehicle windshields. Reduced probabilities of injuries and damages are attributed towards integration of a laminate sheet between two coats of glass. Multiple benefits offered by these products such as easy repair, safety, visibility, and sound proofing will augment the laminated automotive glass market demand. Adding functionalities such as heat and acoustic insulation will stimulate the product demand.
Tempered glass will hold the largest share owing to its lower cost and easy availability as compared to its counterparts. The product is treated by controlled chemicals or thermal treatments to increase its strength and durability. Tempering process settles the internal surfaces into tension and external surfaces into compression to provide 5 to 10 times additional toughness along with better load bearing capacity and deflection before breaking.
Aerodynamic styling and HUD capabilities for windshields
Sidelite, backlite and windscreens are the 3 vehicle sections where automotive glass is majorly used. Windshields segment is likely to exhibit compounded growth of 7.5% from 2019 to 2026, enhanced capabilities to protect the passengers from road debris and provide driving comfort. Innovative technologies are being launched in the market to enhance the customer driving experience and vehicle aerodynamics. Incorporation of additional features in windshields including rain sensors, third visor, shade bands, acoustic interlayers and heads up displays (HUD) are positively influencing the product penetration.
Sidelite will showcase significant growth prospects due to the growing utilization of laminated glass on the side windows. Increased awareness about vehicle safety is expected to promote the demand for superior products, further impacting the automotive glass market size. Improved defrosting capabilities with the usage of innovative outlines provide clear visibility in all weather conditions.
Reliable and high-quality replacement glass offerings
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OEM glass to grow due to substantial automobile production across the globe. OEMs including GM, Ford, Hyundai, Toyota, and Honda are few of the major automotive manufacturers. Growing safety concerns coupled with warranty and insurance offered are the key factors driving the automotive glass market growth. Considerable product durability coupled with the growing automotive ownership across the emerging economies will support the segment share. Additionally, U.S. automotive glass industry by OEM was USD 837.9 million in 2018.
Increasing demand for vehicle upgradation and utilization of replacement glass due to weather and accidents will primarily drive the aftermarket segment. Product availability with similar shape but different thicknesses, durability and color combination, will impact product penetration. Moreover, shifting consumer preferences towards utilizing cost effective products with improved quality will result in higher gains.
Passenger cars to dominate automotive glass market demand
Based on vehicle class, the report is segmented into passenger cars, light commercial vehicles and heavy commercial vehicles. Passenger cars segment will dominate the market share and accounted for over 60% of the overall consumption in 2018. Passenger car utilizes automotive glass to provide protection from outside environment and enhance the aesthetic features of the vehicle. Changing lifestyle has led to an increase in the buying power of customers, further resulting in vehicle customization. The emerging middle-class and upper middle-class segment in developing economies will increase the segment share.
Heavy commercial vehicles will witness significant growth owing to the updated safety norms and standards pertaining with standard glass thickness. Proliferating freight transport coupled with rising globalization are prominently influencing the increased sales of heavy-duty trucks. Urbanization has led to an increase in the construction of buildings, roads, and highways which leads to the need of heavy commercial vehicles, further augmenting the segment size.
Regional automotive glass demand distribution
Europe automotive glass market share will grow at over 5% CAGR from 2019 to 2026. Increasing electric vehicle production along with strong presence of vehicle manufacturers is the key factor enhancing the regional growth. Advancements and innovations in vehicle design along with growing prominence for reduction in vehicle body weight & carbon emissions will prominently augment the product penetration.
Asia Pacific experienced favorable policies & regulations, higher demand for passenger and light commercial vehicles and economical production in the recent past. Automobile manufacturers such as General Motors and Volkswagen AG have concentrated their plants in China through joint ventures with local manufacturers, to expand their business operations and lower the overall manufacturing costs in their companies. In addition, the rising demand for lightweight parts and an increasing preference towards comfortable vehicles will support automotive glass production.
New technologies & flexible design influencing manufacturers
High flexibility in design and production offers a competitive advantage for the industry players. Heavy investments in R&D, manufacturing facilities expansion, collaborations, and takeovers are the key strategies adopted by market participants. The global automotive glass market share is highly consolidated with top four manufacturers in the industry including Asahi Glass Company, Fuyao, PPG Industries, Inc., Nippon Sheet Glass Company, Webasto and Saint-Gobain. Along with these leading manufacturers, Xinyi Glass Holdings and Guardian Glass are the major contributors of the industry share.
The automotive glass market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million Square Meters & revenue in USD Million from 2016 to 2026, for the following segments:
Analysis By Product
Analysis By Application
Market By Distribution Channel
Market By Vehicles
- Passenger Cars
- Light Commercial Vehicle
- Heavy Commercial Vehicle
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Latin America
- South Africa
- Saudi Arabia
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