According to a recent research report titled “Automotive Glass Market (By Product: Tempered Glass, Laminated Glass, Others; By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles; By End-use: Original Equipment Manufacturer (OEM), Aftermarket) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033″ published by Precedence Research, the global automotive glass market size is projected to touch around USD 50.25 billion by 2033 and growing at a CAGR of 5% over the forecast period 2024 to 2033. This comprehensive study examines various factors and their impact on the growth of the automotive glass market.
Key Takeaways
- Asia-Pacific contributed 55% of market share in 2023.
- North America is estimated to expand the fastest CAGR between 2024 and 2033.
- By product, the tempered glass segment held the largest market share of 60% in 2023.
- By product, the laminated glass segment is anticipated to grow at a remarkable CAGR of 7.3% between 2024 and 2033.
- By vehicle type, the passenger cars segment generated over 59% of the market share in 2023.
- By vehicle type, the light commercial vehicles segment is expected to expand at the fastest CAGR over the projected period.
- By end-use, the original equipment manufacturer (OEM) segment generated over 92% of the market share in 2023.
- By end-use, the aftermarket segment is expected to expand at the fastest CAGR over the projected period.
The automotive glass market is a vital segment within the automotive industry, encompassing the production and distribution of glass components used in vehicles. These components include windshields, side windows, rear windows, and sunroofs, among others. The market is driven by factors such as increasing vehicle production, technological advancements in glass manufacturing, and rising demand for safety and aesthetic features in automobiles.
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Growth Factors
- Increasing demand for lightweight materials: Automotive manufacturers are increasingly incorporating lightweight materials such as glass to improve fuel efficiency and reduce emissions, driving the demand for automotive glass.
- Technological advancements in glass manufacturing: Continuous advancements in glass manufacturing technology, including innovations in tempered and laminated glass, are enhancing the durability, safety, and aesthetic appeal of automotive glass, thus driving market growth.
- Rising vehicle production: With the growing global demand for automobiles, particularly in emerging markets, there is a corresponding increase in vehicle production, leading to higher demand for automotive glass for both original equipment manufacturers (OEMs) and aftermarket applications.
- Safety regulations and standards: Stringent safety regulations and standards mandating the use of safety glass in vehicles to protect occupants from injuries during accidents are boosting the adoption of advanced automotive glass, such as laminated glass with improved strength and shatter resistance.
- Increasing consumer preference for advanced features: Consumers are increasingly demanding vehicles equipped with advanced features such as panoramic sunroofs, heads-up displays, and augmented reality windshields, which require specialized automotive glass, thereby driving market growth.
- Growing emphasis on vehicle aesthetics: Automotive manufacturers are focusing on enhancing the aesthetic appeal of vehicles to attract consumers. As a result, there is a growing demand for automotive glass with customizable designs, colors, and functionalities, contributing to market growth.
- Urbanization and infrastructure development: Rapid urbanization and infrastructure development in emerging economies are leading to increased vehicle ownership and demand for automotive glass for new construction and replacement purposes, further driving market growth.
Automotive Glass Market Scope
| Report Coverage | Details |
| Growth Rate from 2024 to 2033 | CAGR of 5% |
| Global Market Size in 2023 | USD 31 Billion |
| Global Market Size by 2033 | USD 50.25 Billion |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By Product, By Vehicle Type, and By End-use |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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Region Opportunities
Opportunities in the automotive glass market vary across regions due to factors like economic growth, automotive industry trends, and regulatory frameworks. Emerging markets in Asia-Pacific, particularly China and India, present significant growth opportunities due to the rapid expansion of the automotive sector, urbanization, and increasing disposable income. Developed regions like North America and Europe offer opportunities driven by innovation in advanced glass technologies, emphasis on vehicle safety, and demand for luxury vehicles with advanced glass features.
Challenges
The automotive glass market faces several challenges, including fluctuations in raw material prices, stringent regulatory requirements related to safety and environmental standards, and competition from alternative materials like polycarbonate. Moreover, the COVID-19 pandemic has impacted the market with disruptions in supply chains, production slowdowns, and fluctuations in consumer demand, posing additional challenges to manufacturers and suppliers.
Major Key Points Covered in Report:
Executive Summary: It includes key trends of the electric vehicle fuel cell market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the electric vehicle fuel cell market based on production and revenue.
Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Electric vehicle fuel cell market.
Market Segments: This part of the report discusses product, application and other segments of the electric vehicle fuel cell market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
Market Key Players
The report incorporates company profiles of key players in the market. These profiles encompass vital information such as product portfolio, key strategies, and a comprehensive SWOT analysis for each player. Additionally, the report presents a matrix illustrating the presence of each prominent player, enabling readers to gain actionable insights. This facilitates a thoughtful assessment of the market status and aids in predicting the level of competition in the automotive glass market.
Competitive Landscape:
The automotive glass market is characterized by the presence of several key players competing based on factors such as product quality, innovation, pricing, and distribution network. Major companies in the market include Saint-Gobain S.A., AGC Inc., Nippon Sheet Glass Co., Ltd., Fuyao Glass Industry Group Co., Ltd., and Guardian Industries, among others. These companies engage in strategies such as mergers and acquisitions, partnerships, and product diversification to strengthen their market presence and gain a competitive edge. Additionally, the market is witnessing increasing investments in research and development to introduce advanced glass technologies that meet evolving consumer preferences and regulatory requirements.
Automotive Glass Market Companies
- Asahi Glass Co., Ltd.
- Saint-Gobain S.A.
- Fuyao Glass Industry Group Co., Ltd.
- Nippon Sheet Glass Co., Ltd. (NSG Group)
- Guardian Industries
- AGC Inc.
- Vitro S.A.B. de C.V.
- Xinyi Glass Holdings Limited
- Central Glass Co., Ltd.
- Shenzhen Benson Automobile Glass Co., Ltd.
- Pittsburgh Glass Works (PGW)
- Webasto SE
- Corning Incorporated
- SYP Kangqiao Autoglass Co., Ltd.
- Pilkington Group Limited
Segments Covered in the Report
By Product
- Tempered Glass
- Laminated Glass
- Others
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By End-use
- Original Equipment Manufacturer (OEM)
- Aftermarket
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Table of Content:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Automotive Glass Market
5.1. COVID-19 Landscape: Automotive Glass Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Automotive Glass Market, By Product
8.1. Automotive Glass Market Revenue and Volume, by Product, 2024-2033
8.1.1 Tempered Glass
8.1.1.1. Market Revenue and Volume Forecast (2021-2033)
8.1.2. Laminated Glass
8.1.2.1. Market Revenue and Volume Forecast (2021-2033)
8.1.3. Others
8.1.3.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 9. Global Automotive Glass Market, By Vehicle Type
9.1. Automotive Glass Market Revenue and Volume, by Vehicle Type, 2024-2033
9.1.1. Passenger Cars
9.1.1.1. Market Revenue and Volume Forecast (2021-2033)
9.1.2. Light Commercial Vehicles
9.1.2.1. Market Revenue and Volume Forecast (2021-2033)
9.1.3. Heavy Commercial Vehicles
9.1.3.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 10. Global Automotive Glass Market, By End-use
10.1. Automotive Glass Market Revenue and Volume, by End-use, 2024-2033
10.1.1. Original Equipment Manufacturer (OEM)
10.1.1.1. Market Revenue and Volume Forecast (2021-2033)
10.1.2. Aftermarket
10.1.2.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 11. Global Automotive Glass Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.1.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.1.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.1.4.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.1.4.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.1.5.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.1.5.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.2.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.2.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.2.4.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.2.4.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.2.5.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.2.5.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.2.6.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.2.6.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.2.7.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.2.7.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.3.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.3.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.3.4.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.3.4.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.3.5.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.3.5.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.3.6.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.3.6.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.3.7.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.3.7.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.4.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.4.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.4.4.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.4.4.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.4.5.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.4.5.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.4.6.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.4.6.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.4.7.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.4.7.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.5.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.5.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.5.4.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.5.4.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)
11.5.5.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)
11.5.5.3. Market Revenue and Volume Forecast, by End-use (2021-2033)
Chapter 12. Company Profiles
12.1. Asahi Glass Co., Ltd.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Saint-Gobain S.A.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Fuyao Glass Industry Group Co., Ltd.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Nippon Sheet Glass Co., Ltd. (NSG Group)
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Guardian Industries
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. AGC Inc.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Vitro S.A.B. de C.V.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Xinyi Glass Holdings Limited
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Central Glass Co., Ltd.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Shenzhen Benson Automobile Glass Co., Ltd.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Why should you invest in this report?
This report presents a compelling investment opportunity for those interested in the global automotive glass market. It serves as an extensive and informative guide, offering clear insights into this niche market. By delving into the report, you will gain a comprehensive understanding of the various major application areas for automotive glass. Furthermore, it provides crucial information about the key regions worldwide that are expected to experience substantial growth within the forecast period of 2023-2030. Armed with this knowledge, you can strategically plan your market entry approaches.
Moreover, this report offers a deep analysis of the competitive landscape, equipping you with valuable insights into the level of competition prevalent in this highly competitive market. If you are already an established player, it will enable you to assess the strategies employed by your competitors, allowing you to stay ahead as market leaders. For newcomers entering this market, the extensive data provided in this report is invaluable, providing a solid foundation for informed decision-making.
Some of the key questions answered in this report:
- What is the size of the overall Automotive glass market and its segments?
- What are the key segments and sub-segments in the market?
- What are the key drivers, restraints, opportunities and challenges of the Automotive glass market and how they are expected to impact the market?
- What are the attractive investment opportunities within the Automotive glass market?
- What is the Automotive glass market size at the regional and country-level?
- Who are the key market players and their key competitors?
- What are the strategies for growth adopted by the key players in Automotive glass market?
- What are the recent trends in Automotive glass market? (M&A, partnerships, new product developments, expansions)?
- What are the challenges to the Automotive glass market growth?
- What are the key market trends impacting the growth of Automotive glass market?
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