Automotive Glass Market Size By Product (Laminated, Tempered), By Application (Sidelite, Backlite, Windscreen), By End-use (Original Equipment Manufacturer, Aftermarket Replacement Glass), By Vehicle (Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle), COVID19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Landscape & Forecast, 2021 – 2027

Published Date: May 2021  |  Report ID: GMI1087  |  Authors: Kiran Pulidindi, Akshay Prakash

Report Format: PDF   |   Pages: 250   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Automotive Glass Market size exceeded USD 7.34 billion in 2020 and will grow at a CAGR of 5.7% from 2021 to 2027. The growing demand for automotive and rising sales from the aftermarket will create various opportunities for the automotive glass industry.
 

Automotive Glass Market

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The growing automotive production is projected to drive the automotive glass industry. The global automotive production in 2019 was over 92.5 million units, according to the European Automobile Manufacturers Association. Automotive glass has evolved from providing safety to increasing aesthetic looks. Customers are increasingly looking for automotive that can not only protect them from the outside environment but also aid in UV protection, dirt protection, etc. Replacement and repair of automotive glass must be done by following the guidelines set by OEM manufacturers, which help in maintaining the integrity and rigidity of the automotive glass.
 

Fluctuating costs of raw materials, such as soda ash and limestone, along with bottlenecks in the supply chain networks, such as increased import duty and tariffs, might hinder the market growth.
 

Tempered glass to gain attention from automotive glass manufacturers

Tempered glass segment accounted for more than 35% of the automotive glass market share in 2020. Tempered glass is known for its high rigid strength, which protects the vehicle occupant during an accident. Tempered glass is generally used in passenger car windows while windshields are mostly made from laminated glass. Growing passenger vehicle sales and increased safety regulations on automotive glass will further help in the penetration of tempered glass in automotive production.
 

Sidelite will follow an upward trajectory

Automotive Glass Market

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Sidelite application segment revenue is set to witness around 6.5% CAGR through 2027. Sidelite automotive glass protects the automotive occupant from wind, debris, harsh environment, sun rays, and U.V. radiation. Automotive glass manufacturers are also working on sidelite glass that can keep the internal environment of the vehicle cool irrespective of the outside environment. Electric vehicle manufacturers are further driving the demand for sidelite glass that not only provides security but also increases the aesthetic appeal of the automotive. Growing electric vehicle penetration in the automotive segment along with rising production of automobiles will have a positive impact on the industry.
 

Passenger cars will grow at a rapid pace

The passenger cars segment is poised to observe above 6% CAGR in the automotive glass market driven by the growing middle-class population, increasing income levels, and easy reimbursement of loans in many emerging economies globally. Increased safety regulations on automotive glass in passenger cars are positively impacting automotive glass manufacturers. Moreover, increased replacement and repair activities of automotive glass in passenger vehicles will further augment industry demand.
 

OEMs to remain the dominant force

Automotive Glass Market

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OEMs generated about USD 6 billion revenue in 2020 and will observe significant growth through 2027. The growth of the automotive industry is stagnant; however, the demand for electric vehicles is rising owing to growing consumer awareness of fuel emissions and favorable government policies to make electric vehicles the future candidate in the automotive industry. For instance, the Norway government has announced to go all-electric by 2025. In 2020, more than 54% of the total vehicle sales consisted of electric vehicles. The growing electric vehicle penetration will further boost the automotive glass market demand.
 

Asia Pacific to be the most lucrative region

Automotive Glass Market

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In 2020, Asia Pacific captured over 45% of the automotive glass market revenue share. The regional industry is dominated by China on account of numerous automotive glass manufacturers and growing automotive production in the region. The industry is rapidly growing in India, Thailand, and Malaysia due to the increasing demand for automotive and the presence of numerous automotive manufacturers in the region. Europe held the second-highest market share, which can be attributed to the growing electric vehicle sales in the region and stringent regulations on automotive glass.
 

Growing adoption of advanced technologies by various industry players

The industry is highly consolidated; however, with growing automotive production, the emergence of new players in the market is expected. Existing industry players form joint ventures and strategic partnerships to expand their geographical presence, establish & expand their distribution network in new regions, and diversify their product portfolio.
 

The key automotive glass market players associated with the industry are Saint-Gobain, Asahi Glass, Shatterprufe Windscreens, LKQ Corporation, Independent Glass, China Glass Holding Ltd., Euroglas GmbH. Central Glass America, Inc, Nippon Sheet Glass Co., Ltd., Vitro, Xinyi Glass Holdings, Corning, Inc., Guardian Glass, Gentex Corporation, Webasto, Magna International Inc. and Fuyao Group.
 

This market research report on automotive glass includes in-depth coverage of the industry with estimates & forecast in terms of volume in million square meters & revenue in USD million from 2017 to 2027 for the following segments:

Market, By Product

  • Laminated
  • Tempered

Market, By Application

  • Sidelite
  • Backlite
  • Windscreen

Market, By End-use

  • OEM
  • Aftermarket

Market, By Vehicle

  • Passenger Cars
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Poland
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • Australia
    • Thailand
    • South Korea
  • Latin America
    • Brazil
    • Argentina
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

 

Frequently Asked Questions (FAQ) :

Automotive glass market size had surpassed USD 7.34 billion in 2020 and will witness a CAGR of 5.7% through 2027 owing to increasing demand for automobiles and rising sales from the aftermarket.
Sidelite application segment will register around 6.5% CAGR through 2027 with the ability to protect the automotive occupant from wind, debris, harsh environment, sun rays, U.V. radiation, etc.
Passenger car automotive glass segment will observe a CAGR of above 6% up to 2027 with higher income levels, growing middle-class population, and easy reimbursement of loans in several emerging economies.
Tempered glass segment had held more than 35% of the market share in 2020 owing the material’s high rigid strength, which protects the vehicle occupant during an accident.
Automotive glass market in Asia Pacific had held a global share of over 45% in 2020 on account of the presence of numerous automotive glass manufacturers and growing automotive production.

Premium Report Details

  • Published Date: May 2021
  • Pages: 250
  • Tables: 278
  • Charts / Figures: 32
  • Companies covered: 27
  • Countries covered: 21

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