Global Automotive Glass Market Size, Trends & Growth Opportunity, By Type (Regular Glass, Smart Glass, By Application Type (Windshield, Rear View Mirrors, Sunroof, Other), By Vehicle Type (Passenger Vehicles, Commercial Vehicles.) By Region and Forecast till 2027.
Report ID : QR1001452 | Industries : Automotive and Transportation | Published On :March 2022 | Page Count : 234Global Automotive Glass Market
The global Automotive Glass market was valued at USD 19210 million in 2020 which expected to reach USD 24790 million by 2027 at a CAGR 4.80% from 2020-2027.
Automotive glass has progressed from providing safety to improving aesthetics. Customers are increasingly looking for vehicles that can not only protect them from the elements but also aid in UV protection, dirt protection, and so on. Replacement and repair of automotive glass must be done in accordance with OEM manufacturer guidelines, which aid in the preservation of the automotive glass's integrity and rigidity.
Market Drivers
Growing Demand for Electric & Hybrid Vehicles to Drive Market Growth.
The emphasis on emission control and stringent environmental regulations is driving the production of hybrid and electric vehicles, which is driving market growth. Consumers and manufacturers are likely to seek more eco-friendly cars in order to meet government standards, giving a boost to hybrid and electric vehicles, which are driving the product.
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Market Restraints
High Cost and Intensive Capital Investment to Restrain Market Growth. The cost of laminated glass is significantly higher than that of tempered glass, and its use is severely limited by low adoption in developing countries. In addition, R&D and the production of thin laminated glass for side windows require a significant investment. This investment, combined with a focus on lowering production costs and the cost burden on consumers, is expected to limit the market's growth.
Impact of COVID-19
The pandemic-induced lockdown resulted in a significant drop in automobile production, particularly in the first half of 2020. According to the International Organization of Motor Vehicle Manufacturers (OICA), global auto production will fall by 16% to less than 78 million vehicles in 2020, which will be equivalent to 2010 sales levels. Europe, which accounted for nearly 20% of global output, saw a year-on-year average decline of more than 21%. Similarly, auto production in the United States, South America, and Brazil fell by about 19%, 30%, and 32%, respectively. These factors resulted in lower demand for auto glass in 2020. However, electric car sales have continued to rise exponentially, aided by existing policy support and new stimulus measures to aid the automotive industry's recovery.
Market Segmentation
The Global Automotive Glass Market is segmented into Type, Application Type, Distribution Channel and Growing System. By Type such as Regular Glass, Smart Glass. By Application Type such as Windshield, Rear View Mirrors, Sunroof, Other. By Vehicle Type such as Passenger Vehicles, Commercial Vehicles.
Regional Analysis
Global Automotive Glass Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia-Pacific is expected to grow at the fastest CAGR. Emerging economies and the strong presence of manufacturers in Japan, China, and India will boost this region's market. Rapid changes in regulations to make transportation more technologically advanced, as well as the region's ever-increasing population, will create more opportunities in the automotive glass market. China is the world's largest automobile manufacturer. The abundance of economic resources in India and China to assemble and manufacture automotive parts, the presence of established glass manufacturing players, increased R&D capacities, and the presence of several new production plants in China to meet the growing demand for electric vehicles are all contributing to the global automotive glass market's growth.
Key Players
Various key players are listed in this report such as Saint-Gobain , Asahi Glass , Fuyao Glass , Samvardhana Motherson , Webasto , Xinyi Glass, Nippon Sheet Glass , Gentex Corporation, Corning , and Magna International
Market Taxonomy
By Type
- Regular Glass
- Smart Glass
By Application Type
- Windshield
- Rear View Mirrors
- Sunroof
- Other
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
By Region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Automotive Glass Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Automotive Glass Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Automotive Glass Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Automotive Glass Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Automotive Glass Market Share Analysis, By Type
5.3 Global Automotive Glass Market Size and Forecast, By Type
5.3.1 Regular Glass
5.3.2 Smart Glass
6 Global Automotive Glass Market, By Application Type
6.1 Y-o-Y Growth Comparison, By Application Type
6.2 Global Automotive Glass Market Share Analysis, By Application Type
6.3 Global Automotive Glass Market Size and Forecast, By Application Type
6.3.1 Windshield
6.3.2 Rear View Mirrors
6.3.3 Sunroof
6.3.4 Other
7 Global Automotive Glass Market, By Vehicle Type
7.1 Y-o-Y Growth Comparison, By Vehicle Type
7.2 Global Automotive Glass Market Share Analysis, By Vehicle Type
7.3 Global Automotive Glass Market Size and Forecast, By Vehicle Type
7.3.1 Passenger Vehicles
7.3.2 Commercial Vehicles
8 Global Automotive Glass Market, By Region
8.1 Global Automotive Glass Market Share Analysis, By Region
8.2 Global Automotive Glass Market Share Analysis, By Region
8.3 Global Automotive Glass Market Size and Forecast, By Region
9 North America Automotive Glass Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Automotive Glass Market Share Analysis, By Type
9.3 North America Automotive Glass Market Size and Forecast, By Application Type
9.4 North America Automotive Glass Market Size and Forecast, By Vehicle Type
9.6 North America Automotive Glass Market Size and Forecast, By Country
9.7.1 U.S.
9.7.2 Canada
9.7.3 Mexico
10 Europe Automotive Glass Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Automotive Glass Market Share Analysis, By Type
10.3 Europe Automotive Glass Market Size and Forecast, By Application Type
10.4 Europe Automotive Glass Market Size and Forecast, By Vehicle Type
10.6 Europe Automotive Glass Market Size and Forecast, By Country
10.6.1 Germany
10.6.2 France
10.6.3 UK
10.6.4. Rest of Europe
11 Asia Pacific Automotive Glass Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Automotive Glass Market Share Analysis, By Type
11.3 Asia Pacific Automotive Glass Market Size and Forecast, By Application Type
11.4 Asia Pacific Automotive Glass Market Size and Forecast, By Vehicle Type
11.6 Asia Pacific Automotive Glass Market Size and Forecast, By Country
11.6.1 China
11.7.2 Japan
11.8.3 India
11.8.4. Rest of Asia Pacific
12 Latin America Automotive Glass Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Automotive Glass Market Share Analysis, By Type
12.3 Latin America Automotive Glass Market Size and Forecast, By Application Type
12.4 Latin America Automotive Glass Market Size and Forecast, By Vehicle Type
12.6 Latin America Automotive Glass Market Size and Forecast, Country
12.7.1. Brazil
12.8.2. Rest of Latin America
13 Middle East Automotive Glass Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Automotive Glass Market Share Analysis, By Type
13.3 Middle East Automotive Glass Market Size and Forecast, By Application Type
13.4 Middle East Automotive Glass Market Size and Forecast, By Vehicle Type
13.6 Middle East Automotive Glass Market Size and Forecast, By Country
13.7.1. Saudi Arabia
13.8.2. UAE
13.8.3. Egypt
13.9.4. Kuwait
13.10.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Saint-Gobain
15.1.1 Overview
15.1.2 Types
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Asahi Glass
15.2.1 Overview
15.2.2 Types
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Fuyao Glass
15.3.1 Overview
15.3.2 Types
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Samvardhana Motherson
15.4.1 Overview
15.4.2 Types
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Webasto
15.5.1 Overview
15.5.2 Types
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Xinyi Glass
15.6.1 Overview
15.6.2 Types
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Nippon Sheet Glass
15.7.1 Overview
15.7.2 Types
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Gentex Corporation
15.8.1 Overview
15.8.2 Types
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
16.9 Corning
16.9.1 Overview
16.9.2 Types
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
17.10 Magna International
17.10.1 Overview
17.10.2 Types
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies