Automotive Glass Market Size to grow by USD 3.9 billion between 2024-2028
According to a research report “ Automotive Glass Market” by Application (Passenger cars, Light commercial vehicle, Medium and heavy commercial vehicle) Type (Laminated glass, Tempered glass, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 3.9 billion, at a CAGR of 3.38% during the forecast period. The luxury and premium automotive market is witnessing significant growth due to the increasing preference for enhanced passenger safety and comfort. Advanced safety and comfort systems, such as airbags, lane departure warning systems, and adaptive cruise control, are increasingly being adopted in luxury and premium vehicles. This trend is reflected in the strong sales performance of manufacturers like Mercedes-Benz, which reported a 25.1% increase in passenger car sales during H1 2021 compared to H1 2020. As a result, the demand for accessories that further improve vehicle comfort and aesthetics, including sunroofs and moonroofs, is on the rise. This market dynamic underscores the importance of prioritizing passenger safety and comfort in the luxury and premium vehicle segment..
Browse market data tables, figures, and in-depth TOC on “Automotive Glass Market” by Application (Passenger cars, Light commercial vehicle, Medium and heavy commercial vehicle) Type (Laminated glass, Tempered glass, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Application, the Passenger cars segment is projected to dominate the market size in 2024
The passenger cars segment holds a significant market share in the global automotive glass industry, driven by technological innovations and the expanding penetration of sunroofs in mid-range passenger vehicles. Consumers' growing preference for enhanced performance and safety features in passenger cars is fueling market growth. In developing countries, particularly in Asia Pacific, the automotive industry is poised for expansion, with India projected to reach a penetration rate of 72 vehicles per 1000 people by 2025. This trend presents lucrative opportunities for Original Equipment Manufacturers (OEMs) to boost sales in this region. The automotive glass market is expected to experience robust growth in key developing economies such as China, India, Brazil, South Korea, Indonesia, and parts of Eastern Europe during the forecast period.
By Type, Laminated glass segment is expected to hold the largest market size for the year 2024
In the automotive industry, laminated glass plays a pivotal role in enhancing safety and structural integrity. Comprised of multiple layers of glass with a polyvinyl butyral (PVB) interlayer, this type of safety glass maintains its shape even upon shattering. This attribute is essential in automotive applications, as it minimizes the risk of ejection and safeguards occupants from hazardous glass fragments during accidents or collisions. The PVB interlayer acts as a bonding agent, holding the glass layers together, thereby ensuring the vehicle's overall safety and passenger protection.
APAC is forecasted to hold the largest market size by region in 2024
The Automotive Glass Market represents a significant business opportunity, driven by increasing vehicle production and sales, particularly in emerging economies. Advanced technologies, such as heat-reflective and solar-absorbing glass, are gaining traction due to their energy efficiency benefits. Furthermore, stringent safety regulations are fueling demand for safety glass, including tempered and laminated varieties. Market growth is expected to remain robust, with key players focusing on innovation, cost reduction, and expanding their global footprint.
The Automotive Glass Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Automotive Glass Market has witnessed significant growth in recent years due to the increasing production of automobiles and the demand for advanced safety features. The strength and transparency of vehicle glass play a crucial role in automobile safety, providing occupant crash protection and driver comfort. Raw materials used in automotive glass production include tempered glass, laminated glass, and shatterproof glass. Tempered glass is known for its strength and ability to shatter into small pieces upon impact, reducing the risk of sharp edges. Laminated glass, on the other hand, is shatterproof and retains its shape during impact, ensuring safety. Technological advancements in automotive glass include safety features such as smart glass, which can change tint to reduce glare and improve driver comfort. Rear windows and side windows in both commercial and passenger vehicles are also made of lightweight glass for weight reduction. Luxury cars, including the Bentley Arnage, and the SUV segment have also contributed to the growth of the automotive glass market with their demand for high-quality, advanced glass technology. Companies like ITC Glass have responded by producing laminated side glass and safety glass for these vehicles. Overall, the automotive glass market is expected to continue growing as automobile production increases and safety and technological advancements become priority.
Market Research Overview
The Automotive Glass Market is a significant sector in the global vehicle production industry, encompassing various types of glass used in vehicles such as windshields, side glass, backlite, sidelite, sunroofs, and moonroofs. The market's growth is influenced by economic conditions, vehicle production, and safety regulations. The EV segment, including hybrid & electric vehicles and eco-friendly cars, is driving the demand for lightweight, cost-effective glass, such as thin laminated glass, and advanced technologies like self-healing glass and solar control glass. The HCV segment, including buses, intra-city trucks, and commercial vehicles, also contributes to the market's growth. Improved quality, enhanced safety, and driver comfort are key factors driving the demand for automotive glass. Technological advancements, such as self-cleaning glass, augmented displays, smart materials, and embedded sensors, are also gaining popularity. The windshield segment, which includes side glazing and laminated glass, dominates the market due to its essential role in vehicle safety and occupant crash protection. The sidelite segment, including thin laminated glass, is also gaining popularity due to its weight reduction capabilities, which contribute to vehicle aerodynamics and fuel efficiency. The aftermarket industry is a significant player in the automotive glass market, with safety concerns and regulations driving the demand for replacement glass. The market is highly competitive, with key players including Asahi Glass, Fuyao Glass, Saint-Gobain, Pilkington Glass, Magna, Webasto, ITC glass company, and others. Raw materials, such as limestone, soda ash, silica, potassium oxide, calcium oxide, and sodium oxide, are essential for the production of various types of glass. The cost of these raw materials and technological advancements significantly impact the market's technology cost. Safety standards and regulations, such as ASTC, AICTSL, LCTSL, WBTC, and commercial bus safety regulations, are driving the demand for safety features in automotive glass. The BEV segment's growth is also impacting the market, with Gorilla glass and smart glass gaining popularity due to their strength, transparency, and solar control capabilities. The global auto production and automobile production are significant factors influencing the market's growth. Fuel prices, vehicle rollover accidents, and natural light are also essential considerations for the application of sunroofs, moonroofs, and panoramic glass. Head-up displays and electrochromic roofs are also gaining popularity in mainstream vehicles, contributing to the market's growth. In conclusion, the automotive glass market is a dynamic and growing sector, driven by various factors, including economic conditions, vehicle production, safety regulations, and technological advancements. The market is highly competitive, with key players investing in research and development to meet the evolving needs of the industry and consumers. The market's future growth is expected to be driven by the increasing demand for lightweight, cost-effective, and technologically advanced glass solutions in the automotive industry.
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