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The Automotive Glass Market: Overview
The Automotive Glass Market is valued at around USD 3.7 billion in 2022 and is expected to reach USD 5.2 billion by 2033, registering a CAGR of 4% over the forecast period. Vehicles are shielded by automotive glass from wind, rain, dust, and ultraviolet (UV) rays. It is used in the production of windows and windshields. It is used in the majority of cars in India to increase passenger safety because it can withstand intense heat without breaking. Automotive glass is float glass that has been treated and is typically used to protect both the occupants and the vehicle during collisions. Additionally, it helps to keep the interior of the automobile from becoming too hot, minimises noise, and offers UV protection (UV). These glasses are made using the quenching method, which involves combining water with sodium carbonate, silica, lime, and cullet. This is boosting market growth because accident rates are rising and people are demanding greater safety on a personal level.
Report Scope
Report Attributes | Description |
Market Size in 2022 (Value) | USD 3,700 million |
Market Forecast in 2033 (Value) | USD 5,200 million |
CAGR % 2023-2033 | 4% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Product, Application, End User and Vehicle |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | 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, and others |
Glass penetration in the automobile sector is being driven by an increasing focus on lightweight cars as a result of rising environmentally hazardous vehicle emissions. In the last two years, the manufacturing of cars has decreased, but it is anticipated to increase starting in the second half of 2020. In the upcoming years, it is anticipated that the market will grow as electric car production and sales increase. These vehicles have cutting-edge battery and display technology, which is expected to accelerate the adoption of automotive glass. To attain greater durability and performance, manufacturers in the automotive glass sector are switching from traditional soda-lime glass to chemically tempered glass. High strength automobile glass improves safety and lowers the overall weight of the vehicle, which also increases fuel efficiency.
The Automotive glass Market Market Trends
SUV sales growth and the global domination of the automobile industry are both predicted to drive up the cost of automotive glass. Additionally, associative approaches embedded products and smart glass will be developed.
In the upcoming years, it is anticipated that sales and production of electric vehicles would drive the market forward. Modern battery and display technologies are employed in these cars.
Automotive glass producers are switching from conventional soda-lime glass to chemically tempered glass to achieve maximum durability and performance. Automotive glass with a high strength level increases safety while significantly lowering vehicle weight.
The consistency of prices for components including soda ash, lime, magnesium, potassium, and aluminium oxides as well as the rising cost of gasoline.
The automotive glass market is expected to be driven by the expanding auto sector. The European Automobile Manufacturers Association estimates that around 92.5 million vehicles were produced globally in 2019. The function of automotive glass has changed from ensuring safety to enhancing aesthetics.
Customers are increasingly searching for vehicles that may help with UV protection, dirt prevention, etc. in addition to shielding them from the elements. The integrity and stiffness of vehicle glass must be maintained by replacing and repairing it in accordance with the standards established by OEM manufacturers.
The Automotive glass Market Segmentation
The Automotive glass Market fragrance concentrates market has been sub-classified into product, application, end-user, vehicle.
Laminated glass is a type of safety glass that is commonly used in automotive applications, such as windshields. It consists of two or more layers of glass that are bonded together with a layer of polyvinyl butyral (PVB) interlayer. This interlayer helps to hold the glass together in the event of an impact, reducing the risk of injury from shattered glass.
The demand for laminated glass in the automotive industry is largely driven by the production of new vehicles. As the global automotive industry continues to grow, the demand for laminated glass is also expected to increase. In addition, there is a trend towards the use of larger glass panels in vehicles, which is also driving demand for laminated glass.
Another factor contributing to the demand for laminated glass is increasing safety regulations around the world. Many countries require that vehicles be equipped with laminated glass in certain applications, such as windshields. This has led to a growing demand for laminated glass in the automotive industry.
Overall, the demand for laminated glass in the automotive industry is expected to continue to grow in the coming years, driven by factors such as increasing vehicle production, larger glass panels, and safety regulations.
One trend in automotive tempered glass is the increasing use of thinner glass. Thinner glass can help to reduce the weight of the vehicle, which can improve fuel efficiency and reduce emissions. However, thinner glass must still meet safety requirements, so it must be tempered to maintain its strength and resistance to impacts.
Another trend in automotive tempered glass is the use of advanced coatings and treatments to improve its performance. For example, some tempered glass may be coated with a layer of anti-reflective material to reduce glare and improve visibility. Other treatments may be applied to the glass to make it more scratch-resistant or to improve its resistance to weathering.
Overall, the trend in automotive tempered glass is towards thinner, stronger glass that can help to improve the performance and efficiency of vehicles. Advanced coatings and treatments are also being used to improve the performance and durability of tempered glass in automotive applications.
The Automotive glass Market Regional Analysis
North America dominated the global Automotive glass Market, in this region will grow as a result of emerging economies and the significant manufacturing industries in China, India, and Japan. The ever-increasing population of this region and the quick regulatory changes to make transportation more technologically advanced will increase the market potential for automotive glass.
Germany is one of the world's largest markets for automotive glass, with a number of leading manufacturers and suppliers operating in the country. Some of the key trends in the German automotive glass market include:
Increasing demand for electric vehicles: As electric vehicles become more popular in Germany and other markets, there is a growing demand for lightweight, energy-efficient glass. This has led to the development of new glass materials and technologies, such as thin-film coatings and smart glass that can adjust its transparency based on environmental conditions.
Safety and regulatory compliance: Germany has some of the most stringent safety regulations in the world when it comes to automotive glass. This has led to a focus on the development of advanced safety features, such as laminated glass and tempered glass that can withstand impacts and prevent injuries in the event of an accident.
Integration of technology: The automotive industry is becoming increasingly focused on the integration of technology into vehicles, and this trend is also affecting the automotive glass market. For example, some new vehicles feature advanced driver assistance systems (ADAS) that rely on cameras and sensors mounted on the windshield and other glass surfaces.
Sustainability and recycling: There is a growing focus on sustainability and environmental responsibility in the automotive industry, and this trend is also affecting the glass market. Many glass manufacturers are developing new recycling technologies and sustainable manufacturing processes to reduce waste and minimize environmental impact.
Overall, the trends in the German automotive glass market reflect broader global trends towards lightweight, energy-efficient, and technologically advanced materials, as well as a growing focus on safety and sustainability.
The Automotive glass Market Key Market players strategies
Saint-Gobain: Saint-Gobain is one of the world's largest manufacturers of automotive glass, and the company has a strong focus on innovation and research and development. Its strategy includes investing in new technologies and processes to create lighter, stronger, and more energy-efficient glass products. The company is also focused on sustainability and is committed to reducing its environmental impact through the use of recycled materials and sustainable manufacturing processes.
AGC Inc.: AGC Inc. is another leading manufacturer of automotive glass, and the company's strategy is focused on innovation and collaboration. AGC Inc. has a number of partnerships with leading automotive companies and is focused on developing new products and technologies that can help to improve vehicle performance and safety. The company is also focused on sustainability and has a number of initiatives aimed at reducing waste and minimizing its environmental impact.
NSG Group: NSG Group is a global leader in the production of automotive glass and has a strong focus on research and development. The company's strategy includes investing in new technologies and materials to create high-performance glass products that meet the evolving needs of the automotive industry. NSG Group is also focused on sustainability and has a number of initiatives aimed at reducing its carbon footprint and minimizing waste.
Fuyao Glass Industry Group: Fuyao Glass Industry Group is a Chinese company that is rapidly expanding its presence in the global automotive glass market. The company's strategy includes aggressive expansion into new markets, as well as investments in new technologies and manufacturing processes to increase efficiency and reduce costs. Fuyao Glass Industry Group is also focused on sustainability and has implemented a number of initiatives aimed at reducing waste and minimizing its environmental impact.
Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
Business Model
Production Capacity, Revenue, Sales, Gross Margin
Key Business Strategy
SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
Company Share Analysis from 2018-2022
Company Analysis by Revenue and Sales
Company Production Capacity, Gross Margin
Company Share Analysis by Application/End Use
Company Share Analysis by Product/Specification
On the basis of product, the Automotive glass Market is bifurcated into:
Laminated
Tempered
others
On the basis of application, the market is segmented into:
sidelite
backlite
windscreen
others
On the basis of end-user, the market segmented into:
OEM
Aftermarket
Others
On the basis of vehicle, the market segmented into:
Passenger cars
Light commercial vehicle
Heavy commercial vehicle
Others
Companies
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.
Fuyao Group,
By Region
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o France
o UK
o Italy
o Spain
o Russia
o Rest of Europe
Asia Pacific
o China
o Japan
o India
o Australia
o South Korea
o ASEAN
o Rest of APAC
South America
o Brazil
o Argentina
o Chile
o Rest of South America
Middle East and Africa
o Saudi Arabia
o UAE
o South Africa
o Rest of MEA