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Automotive Glass Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 127
  • SKU: IRTNTR43356
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According to Technavio's analyst, the automotive glass market size is expected to be valued at USD 2.81 billion by 2026 with a progressing CAGR of 3.6%.

This automotive glass market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The automotive glass market report also offers information on several market vendors, including AGC Inc., AGP Worldwide Operations GmbH, Benson Auto Glass LLC, Central Glass Co. Ltd., Compagnie de Saint Gobain SA, Corning Inc., Fuso Glass India Pvt. Ltd., Fuyao Glass Industry Group Co. Ltd., Gauzy Ltd., Gentex Corp., Independent Glass Co. Ltd., Koch Industries Inc., Kochhar Glass INDIA Pvt. Ltd., Magna International Inc., Nippon Sheet Glass Co. Ltd., Olimpia Oto Cam AS, PG Group Pty. Ltd., Vitro SAB De CV, Webasto SE, and Xinyi Glass Holdings Ltd. among others.

This report extensively covers automotive glass market segmentation by the following:

  • Application - Passenger cars, Light commercial vehicles, and Medium and heavy commercial vehicles
  • Geography - APAC, Europe, North America, South America, and Middle East and Africa

What will the Automotive Glass Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Automotive Glass Market Size for the Forecast Period and Other Important Statistics

Automotive Glass Market: Key Drivers, Trends, and Challenges

The increased demand for premium vehicles and sunroofs is notably driving the automotive glass market growth, although factors such as a sharp decline in automobile production and sales may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive glass industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Glass Market Driver

One of the key factors driving growth in the automotive glass market is the increased demand for premium vehicles and sunroofs. Luxury and premium vehicles offer high levels of passenger safety and comfort. Increased adoption of advanced safety and comfort systems has enhanced passenger safety and comfort in luxury and premium vehicles. Therefore, the increased preference for passenger safety and comfort is driving the demand for luxury and premium vehicles. The demand for sunroofs and moonroofs has been witnessing a prominent increase in the current decade. Even developing countries such as India and China are witnessing the growing adoption of sunroofs in cars. Such factors are expected to drive the global automotive glass market during the forecast period.

Key Automotive Glass Market Trend

The increasing popularity of innovative automotive glass is a key automotive glass market trend that is expected to have a positive impact in the coming years. Conventional glass is increasingly being replaced by solar reflective glass because of its advantages. Solar reflective glass can absorb infrared rays and reduce the amount of heat in a car. Passengers experience more comfort inside the car since the glass reduces the effect of ultraviolet radiation on interior trims. Solar reflective glass also enhances vehicle styling and fulfills the aesthetic aspiration of consumers. Such technologies offer various advantages to vehicles, such as reliability, reduced weight, and compliance with crash test regulations. It is expected that OEMs will soon follow the concept of technical glass to improve the safety and comfort features in vehicles. It also helps in reducing the weight of the vehicle. The increasing popularity of innovative automotive glass products, such as solar reflective glass and Gorilla Glass technology, is expected to positively impact the global automotive glass market during the forecast period.

Key Automotive Glass Market Challenge

The sharp decline in automobile production and sales will be a major challenge for the automotive glass market during the forecast period. All passenger cars and commercial vehicles have windshields and windows. Therefore, the overall production and sales of automobiles will have an impact on the global automotive glass market. Since 2018, the global automotive market has been registering a slump in terms of sales and production, which is leading to a decline in the demand for several automotive components. China registered a decline of about 10% in automotive sales during 2017-2021. Automotive production in other major automotive manufacturing countries, such as India, Japan, and the US, also registered a decline during 2017-2021. However, a slowdown in the growth rate of the sales of vehicles is increasing the inventory cost for OEMs and compelling them to reduce production. Such factors may adversely affect automotive sales and production, thereby reducing the demand for automotive components and parts, such as glass, which is hampering the growth of the global automotive glass market.

This automotive glass market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automotive glass market as a part of the global automotive components and accessories market within the global auto components market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive glass market during the forecast period.

Who are the Major Automotive Glass Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • AGC Inc.
  • AGP Worldwide Operations GmbH
  • Benson Auto Glass LLC
  • Central Glass Co. Ltd.
  • Compagnie de Saint Gobain SA
  • Corning Inc.
  • Fuso Glass India Pvt. Ltd.
  • Fuyao Glass Industry Group Co. Ltd.
  • Gauzy Ltd.
  • Gentex Corp.
  • Independent Glass Co. Ltd.
  • Koch Industries Inc.
  • Kochhar Glass INDIA Pvt. Ltd.
  • Magna International Inc.
  • Nippon Sheet Glass Co. Ltd.
  • Olimpia Oto Cam AS
  • PG Group Pty. Ltd.
  • Vitro SAB De CV
  • Webasto SE
  • Xinyi Glass Holdings Ltd.

This statistical study of the automotive glass market encompasses successful business strategies deployed by the key vendors. The automotive glass market is fragmented and the vendors are deploying growth strategies such as growing their customer base and are increasing their investments in R and D to cater to the growing need for efficient and effective safety features to compete in the market.

Product Insights and News

  • agc.com - The company offers automotive glass such as LAMISAFE, Tempered Glass Temperlite, and Integrated Glass Antennas.
  • agc.com - Through the glass segment, the company offers architectural and automotive glasses for respective industries.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive glass market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Glass Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive glass market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Automotive Glass Market?

For more insights on the market share of various regions Request for a FREE sample now!

62% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for automotive glass in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The economic development across the region has boosted the spending on infrastructure and industrial development and has also increased disposable income. This will facilitate the automotive glass market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic led to the temporary shutdown of the automotive industry in several countries across APAC, which led to a decline in the production of automobiles and related components. However, the lifting of lockdown restrictions, the resumption of operations in the automotive industry, and the initiation of mass COVID-19 vaccination drives helped the regional market recover in 2021. Moreover, a rise in automotive parts and components outsourcing from APAC and the expansion of automotive manufacturers in APAC are expected to drive the regional market during the forecast period.

What are the Revenue-generating Application Segments in the Automotive Glass Market?

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The automotive glass market share growth by the passenger cars segment will be significant during the forecast period. The passenger cars segment dominates the global automotive glass market owing to technological advances in the market and the increasing penetration of sunroofs in mid-segment passenger cars. There has been a growing demand from end-users to enhance the performance as well as the safety features in passenger cars. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive glass market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Glass Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.6%

Market growth 2022-2026

$ 2.81 billion

Market structure

Fragmented

YoY growth (%)

2.6

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 62%

Key consumer countries

US, China, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AGC Inc., AGP Worldwide Operations GmbH, Benson Auto Glass LLC, Central Glass Co. Ltd., Compagnie de Saint Gobain SA, Corning Inc., Fuso Glass India Pvt. Ltd., Fuyao Glass Industry Group Co. Ltd., Gauzy Ltd., Gentex Corp., Independent Glass Co. Ltd., Koch Industries Inc., Kochhar Glass INDIA Pvt. Ltd., Magna International Inc., Nippon Sheet Glass Co. Ltd., Olimpia Oto Cam AS, PG Group Pty. Ltd., Vitro SAB De CV, Webasto SE, and Xinyi Glass Holdings Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automotive Glass Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automotive glass market growth during the next five years
  • Precise estimation of the automotive glass market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive glass industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive glass market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Automotive components and accessories market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 15: Application - Market share 2020-2025 (%)
    • 5.2 Comparison by Application
      • Exhibit 16: Comparison by Application
    • 5.3 Passenger cars - Market size and forecast 2020-2025
      • Exhibit 17: Passenger cars - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Passenger cars - Year-over-year growth 2020-2025 (%)
    • 5.4 Light commercial vehicles - Market size and forecast 2020-2025
      • Exhibit 19: Light commercial vehicles - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Light commercial vehicles - Year-over-year growth 2020-2025 (%)
    • 5.5 Medium and heavy commercial vehicles - Market size and forecast 2020-2025
      • Exhibit 21: Medium and heavy commercial vehicles - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Medium and heavy commercial vehicles - Year-over-year growth 2020-2025 (%)
    • 5.6 Market opportunity by Application
      • Exhibit 23: Market opportunity by Application

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 25: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 26: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 27: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 North America - Market size and forecast 2020-2025
      • Exhibit 31: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 35: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 37: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 38: Market opportunity by geography

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 39: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • 9.2 Vendor landscape
            • Exhibit 40: Vendor landscape
          • 9.3 Landscape disruption
            • Exhibit 41: Landscape disruption
            • Exhibit 42: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 43: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 44: Market positioning of vendors
          • 10.3 AGC Inc.
            • 10.4 Central Glass Co. Ltd.
              • Exhibit 50: Central Glass Co. Ltd. - Overview
              • Exhibit 51: Central Glass Co. Ltd. - Business segments
              • Exhibit 52: Central Glass Co. Ltd. - Key offerings
              • Exhibit 53: Central Glass Co. Ltd. - Segment focus
            • 10.5 Compagnie de Saint-Gobain SA
              • Exhibit 54: Compagnie de Saint-Gobain SA - Overview
              • Exhibit 55: Compagnie de Saint-Gobain SA - Business segments
              • Exhibit 56: Compagnie de Saint-Gobain SA – Key news
              • Exhibit 57: Compagnie de Saint-Gobain SA - Key offerings
              • Exhibit 58: Compagnie de Saint-Gobain SA - Segment focus
            • 10.6 Corning Inc.
              • Exhibit 59: Corning Inc. - Overview
              • Exhibit 60: Corning Inc. - Business segments
              • Exhibit 61: Corning Inc. - Key offerings
              • Exhibit 62: Corning Inc. - Segment focus
            • 10.7 Fuyao Glass Industry Group Co. Ltd.
              • Exhibit 63: Fuyao Glass Industry Group Co. Ltd. - Overview
              • Exhibit 64: Fuyao Glass Industry Group Co. Ltd. - Business segments
              • Exhibit 65: Fuyao Glass Industry Group Co. Ltd. - Key offerings
            • 10.8 Koch Industries Inc.
              • Exhibit 66: Koch Industries Inc. - Overview
              • Exhibit 67: Koch Industries Inc. - Product and service
              • Exhibit 68: Koch Industries Inc. - Key offerings
            • 10.9 Magna International Inc.
              • Exhibit 69: Magna International Inc. - Overview
              • Exhibit 70: Magna International Inc. - Business segments
              • Exhibit 71: Magna International Inc. – Key news
              • Exhibit 72: Magna International Inc. - Key offerings
              • Exhibit 73: Magna International Inc. - Segment focus
            • 10.10 Nippon Sheet Glass Co. Ltd.
              • Exhibit 74: Nippon Sheet Glass Co. Ltd. - Overview
              • Exhibit 75: Nippon Sheet Glass Co. Ltd. - Business segments
              • Exhibit 76: Nippon Sheet Glass Co. Ltd. – Key news
              • Exhibit 77: Nippon Sheet Glass Co. Ltd. - Key offerings
              • Exhibit 78: Nippon Sheet Glass Co. Ltd. - Segment focus
            • 10.11 Webasto SE
              • Exhibit 79: Webasto SE - Overview
              • Exhibit 80: Webasto SE - Business segments
              • Exhibit 81: Webasto SE – Key news
              • Exhibit 82: Webasto SE - Key offerings
              • Exhibit 83: Webasto SE - Segment focus
            • 10.12 Xinyi Glass Holdings Ltd.
              • Exhibit 84: Xinyi Glass Holdings Ltd. - Overview
              • Exhibit 85: Xinyi Glass Holdings Ltd. - Business segments
              • Exhibit 86: Xinyi Glass Holdings Ltd. - Key offerings
              • Exhibit 87: Xinyi Glass Holdings Ltd. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 88: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 89: Research Methodology
                • Exhibit 90: Validation techniques employed for market sizing
                • Exhibit 91: Information sources
              • 11.4 List of abbreviations
                • Exhibit 92: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The automotive glass market market growth will increase by $$ 2.14 bn during 2022-2025.
              The automotive glass market market is expected to grow at a CAGR of 2.95% during 2022-2025.
              Technavio has segmented the automotive glass market market by application (passenger cars, light commercial vehicles, and medium and heavy commercial vehicles) ,geography (APAC, Europe, North America, South America, and MEA) , and geographic (APAC, Europe, North America, South America, and MEA).
              AGC Inc., Central Glass Co. Ltd., Compagnie de Saint-Gobain SA, Corning Inc., Fuyao Glass Industry Group Co. Ltd., Koch Industries Inc., Magna International Inc., Nippon Sheet Glass Co. Ltd., Webasto SE, Xinyi Glass Holdings Ltd. are a few of the key vendors in the automotive glass market market.
              APAC will register the highest growth rate of 61% among the other regions. Therefore, the automotive glass market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the automotive glass market market growth are:
              • Increased demand for premium vehicles and sunroofs
              • Increasing popularity of innovative automotive glass
              The automotive glass market market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.
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