Global Automotive Glass Market by Product (Tempered, Laminated), by Application (Sunroof, Windscreen) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global automotive glass market was worth USD 30.3 billion in 2019. It is forecast to grow at a 4.5% CAGR over the forecast period. Glass penetration in the automotive sector is increasing due to the growing importance of lightweight cars and the rising harmful emission from vehicles that have an adverse impact on the environment.

Although the production of automobiles has been declining over the past two years, it is expected that it will show an upward trend in the second half 2020. This is due to the growth of the automotive manufacturing industry, especially in China and India, which are subject to increased government regulations regarding motor vehicles.

Market players have been forced to develop advanced products for automotive manufacturers by technological advancements in the automobile sector. AIS, for example, offered its products in FY 2018-2019 to several new models of cars with innovative changes such as solar green glass and acoustic PVB for Yaris, and a 2.8mm backlite on the Wagon R.

Over the forecast period, automotive glass demand will be influenced by the increase in production of electronic vehicles and incorporation of new technologies in terms display and battery. The Lightyear One, a Dutch company that makes electric cars, was introduced in June 2019. It has five meters of integrated solar cells under the roof and hood. These panels can be recharged directly from the sun and are made from safety glass.

The market's biggest challenge is how to source the raw materials needed to make glass. The cost structure of glass is dominated by raw materials and energy usage. This has an impact on the price and production. The price of soda Ash has been increasing steadily over the last few months due to its limited supply. Soda ash producers are expanding their production capacity to meet the demands from key markets such as automotive glass and chemicals.

Product Insights

Tempered automotive glass was the dominant product segment in 2019, accounting for a volume share of 59.3%. Tempered automotive glass dominated the product segment, accounting for a share of 59.3% in terms of volume in 2019. This is due to several factors, including low cost, strength, and robustness. It is stronger than a basic floating glass and more affordable than laminated automotive glasses. It is therefore the most popular type of automotive glass, especially for backlites and windows.

With a CAGR at 4.6%, the laminated automotive glass segment will see the greatest revenue growth. It consists of two layers of glass with a PVB layer between them. Because of its safety characteristics, it is most commonly used in windscreens. It can stay intact even in accidents. This prevents passengers from being hurt or seriously injured. It's also preferred for sunroofs, which will drive segment growth. Many companies such as Volvo and Tesla use laminated glasses in their panoramic sunroofs.

Application Insights

Windscreen was the dominant market segment in terms of revenue in 2019, and it is expected to continue throughout the forecast period. Because windscreen is so important in vehicle structures, both automotive manufacturers and glass producers are actively developing new technologies to enhance its appearance and features. The segment's growth is expected to be driven by the introduction of new windshields with self cleaning glass.

Automotive manufacturers have used tempered glass to make sidelites and side windows for many years. By the end of this forecast period, the sidelite segment will outpace windscreen volume-wise. Market growth is expected to be driven by increased use of tempered automotive glasses in sidelites, especially in the aftermarket. The growing number of road accidents is a major reason for glass usage in the automotive Aftermarket. Manufacturers are switching to laminated glass for their side windows in order to avoid severe injuries from accidents that result in heavy impacts.

The highest projected CAGR for sunroofs is expected to be recorded over the forecast period. This segment is expected to grow rapidly due to the incorporation of sunroofs into affordable cars. Automotive manufacturers can bring sunroofs down from the luxury market to the mass market thanks to technological advancements like the use of lightweight material for production. In the next few years, sunroof demand is expected to rise. This will drive the automotive glass market.

End-Use Information

The market can be divided into two segments based on end use: original equipment manufacturers (OEMs), and after-sales replacement glasses (ARG). In terms of volume, OEM was the dominant market player in 2019, as the majority of automotive glass is used in the manufacture of vehicles. Factors such as the high usage of older vehicles, increased road accidents, and the need to maintain and upgrade these vehicles are driving the aftermarket segment.

Due to the opening of new plants for electric cars, the OEM segment will experience significant growth. In December 2019, Tesla's Shanghai factory delivered the first 15 Model 3 cars. It is expected that the plant will increase its production to 150,000 Modern 3 cars per year by 2020. Ford also announced in March 2019 that it would build a new Michigan facility for autonomous vehicles. It is expected to open in 2021.

Vehicle Type Insights

In 2019, passenger cars dominated the vehicle segment. It is expected to grow at a 4.5% CAGR over the forecast period. These factors include changing consumer trends, a growing middle-class population and growing environmental concerns regarding low-emission vehicles and lightweight vehicles.

Due to an increase in construction and transportation activities, commercial vehicles will experience a rapid rate of growth over the forecast period. Automobile manufacturers have to increase production to meet the increasing demand. In October 2019, VE Commercial Vehicles Ltd, in compliance with the BS-VI norms, announced that it had invested in a new 150-acre plant at Bhopal in Madhya Pradesh, India.

Automobile manufacturers are planning to increase the production of commercial vehicles because larger vehicles prove more profitable for dealers and manufacturers. A higher list price means higher profit margins. In June 2019, GM announced a USD 150.0 million investment to increase the production of pickup trucks for heavy duty at its Flint Assembly Plant, Michigan, U.S.A. by 40 000 per year. In the future, automotive glass will have lucrative opportunities due to increased production of commercial vehicles.

Regional Insights

North America will experience the fastest revenue growth over the forecast period. This region has seen an increase in commercial vehicle sales and production, which will drive demand for automotive glass. In May 2019, GM announced a USD 24.0 million investment to increase production of the GMC Sierra 1500 pickup trucks and Chevrolet Silverado 1500 pickup trucks at Fort Wayne Assembly Plant, Indiana, U.S.

Europe was the second largest market for automotive glass in 2019, accounting for more than 23.0% of total volume. The European market for automotive glasses is driven by new plants, innovative policies, innovation, and electric cars. The introduction of new electric vehicles will play a major role in driving demand for automotive glass. There are 175 available electric vehicle models in 2020, and 330 in 2025. This is up from 100 in 2019. Electric vehicles are expected to grow at a rate exceeding 5.0% due to increased demand for sustainable vehicles in the region.

In 2019, the Asia Pacific was the dominant market, with China accounting for more than half the world's automotive production. To meet the increasing demand for electric vehicles, several new production plants were opened in China. Volkswagen and SAIC signed a joint venture agreement in November 2019 to open their first manufacturing plant in Anting (China), which will begin production in October 2020. It has a capacity of 300 000 annually.

Asia Pacific's growth is also driven by India's automotive market. The country has recently implemented BS VI norms, and production is expected to rise significantly. Kia Motors began production trials at its 536-acre plant in Andhra Pradesh in January 2019. It has a capacity of 3 million units annually. In February 2019, India's Government approved FAME-II, a faster adoption and manufacturing of hybrid and electric vehicles (FAME-II) scheme. The fund allocation for FAME-II is USD 1.4 billion. It will run from 2019 to 2022. These initiatives will drive automobile production in India over the next few years. This would also drive demand for auto glass in the country.

Automotive Glass Market Share Insights

The market is heavily dependent on manufacturers of raw materials, suppliers, distributors and manufacturers as well as end users. Despite the existence of many players in the industry the market is stable due to the presence of few major manufacturers like AGC Ltd. Saint-Gobain and Fuyao Glass Industry Group Co. Ltd. and NSG Group.

Leading manufacturers are actively involved in developing and implementing new strategies to increase their market share. Key players are also pursuing new strategies to increase their market share, such as capacity expansion, mergers and acquisitions, product development, and integration at different stages of value chain.

The Report Covers Certain Segments

This report predicts revenue growth and volume growth at the global, regional and country level. It also provides analysis of industry trends for each sub-segment from 2016 through 2027. Grand View Research has divided the global automotive glass market report by product, region, end use, vehicle type and application.

• Product Outlook (Volume: Million Square Meters; Revenue: USD Million, 2016-2027)

  • Tempered

  • Laminated

  • Other

• Application Outlook (Volume: Million Square Meters; Revenue: USD Million, 2016-2027)

  • Windscreen

  • Backlite

  • Sidelite

  • Sunroof

• End-Use Outlook, Volume, Million Square Meters; Revenue USD Million, 2016-2027

  • Original Equipment Manufacturer (OEM).

  • Aftermarket Replacement (ARG).

• Vehicle Type Outlook (Volume: Million Square Meters; Revenue: USD Million, 2016-2027)

  • Passenger Car

  • Light Commercial

  • Heavy Commercial

• Regional Outlook (Volume: Million Square Meters; Revenue: USD Million, 2016-2027)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

These are the most frequently asked questions about this report

b. Global automotive glass market was valued at USD 30.3 billion in 2019, and is forecast to grow to USD 30.9 billion by 2020.

b. Global automotive glass market will grow at a compound annual rate of 4.5% between 2019 and 2027, to reach USD 43.1 million by 2027.

b. With a 44.4% share in 2019, Asia Pacific was the dominant market for automotive glass owing to China which accounts more than half the global automotive production.

b. AGC Ltd. and Saint-Gobain are some of the key players in the automotive glass market.

b. The market growth is driven by the increasing focus on lightweight cars due to rising harmful emissions from vehicles which have adverse effects on the environment. This has led to glass penetration in the automotive sector.

Up Market Research published a new report titled “Automotive Glass Market research report which is segmented by Product (Tempered, Laminated), by Application (Sunroof, Windscreen), By Players/Companies Ltd, AGC Ltd, NSG Group, Fuyao Glass Industry Group Co, Saint-Gobain”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Automotive Glass Market Report Segments:

The market is segmented by Product (Tempered, Laminated), by Application (Sunroof, Windscreen).

Automotive Glass Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Automotive Glass Market

Overview of the regional outlook of the Automotive Glass Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Automotive Glass Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Automotive Glass Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Tempered

                2. Laminated

                1. Sunroof

                2. Windscreen

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Glass Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Automotive Glass Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.