Automotive Glass Market Analysis APAC, Europe, North America, South America, Middle East and Africa - China, US, Japan, India, Germany - Size and Forecast 2024-2028

Automotive Glass Market Size 2024-2028

The automotive glass market size is estimated to increase by USD 3.9 billion and grow at a CAGR of 3.38% between 2023 and 2028. The market's expansion relies on various factors, notably the heightened desire for premium vehicles and sunroofs as well as automotive intelligent glass, augmented by the growing investment in glass manufacturing driven by stable raw material prices. Additionally, the increasing emphasis on passenger safety and comfort contributes to market growth. China, the US, Japan, Germany, and India dominate the market shares, underscoring their significance in driving industry trends. However, market expansion faces challenges such as a sharp decline in automobile production and sales, regulatory barriers impeding the use, and a gradual increase in annual wages, which diminish profit margins. Overcoming these hurdles requires innovative strategies to adapt to changing market dynamics and regulatory landscapes while ensuring sustainable growth and profitability in the sector.

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

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Automotive Glass Market Segmentation

Application Analysis  

The passenger cars segment is estimated to witness significant growth during the forecast period. The market is primarily driven by the passenger cars segment, which benefits from technological innovations and the rising popularity of sunroofs in mid-range models. The SUV segment and luxury cars also contribute significantly to the market's growth. Technological advancements in smart glass and safety glass, such as shatterproof laminated side glass and ITC glass company's Sodium oxide, Calcium oxide, and Potassium oxide-based products, enhance vehicle performance and safety.

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The passenger cars segment was the largest segment and was valued at USD 12.80 billion in 2018. Brands like Bentley Arnage, Buick Enclave, Cadillac ATS, Chevrolet Equinox, Dodge Ram, and Jeep (a Stellantis N.V. subsidiary) are integrating lightweight and advanced glass solutions, like Gorilla glass, to improve fuel efficiency and acceleration. The BEV segment and commercial buses are also adopting these advancements from companies like Pilkington Glass, Saint-Gobain, Fuyao Glass, Asahi Glass, Magna, Webasto, and WBTC, LCTSL, AICTSL, ASTC. Technological advancements in automotive windshields, side windows, and rear windows continue to prioritize safety features, including laminated and tempered glass.

Market Type Analysis 

Based on type, the laminated glass segment dominates the market. It encompasses the production and application of various types of glass, including laminated glass, in the automotive industry. Key raw materials for glass production include silica, soda ash, and limestone. The competition in this market is fierce, with new entrants constantly emerging. Technology costs and regulations, including safety standards, play significant roles in market dynamics. In the automotive context, safety is paramount. Laminated glass, with its PVB interlayer, ensures passenger safety by preventing shattering and reducing the risk of ejection. Self-healing glass and solar control glass are advanced technologies that enhance comfort and visibility in vehicles. Safety concerns extend to the aftermarket industry, where investments in high-quality glass for windshields, side windows, and rear windows are essential for occupant crash protection.

Market entrance is facilitated by the increasing global auto production and growing electric car sales. Technological advancements include electrochromic roofs, panoramic glass, and the application of automotive sunroofs and moonroofs. Mainstream vehicles now feature head-up displays, aerodynamic styling, and back windows with varying surface areas. Reflective coatings are also used to improve windshield force/damage resistance. In summary, the market is driven by raw materials, technology, safety standards, and the evolving needs of the automobile industry, including weight reduction, driver comfort, and safety.

Market Region Analysis

APAC is estimated to contribute 69% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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APAC is the largest market due to increasing sales and rising production levels of automobiles are high in the region. The market in APAC experiences significant growth due to the increasing demand for passenger cars and commercial vehicles. Crossover SUVs and intra-city trucks are popular segments in the region. Economic conditions have boosted infrastructure and industrial development, leading to increased production in the Heavy Commercial Vehicle (HCV) segment. Lightweight automotive glass is gaining popularity due to its fuel efficiency benefits. The Electric Vehicle (EV) segment is also expanding, driving the need for specialized glass solutions. China and India, with their large automotive production bases, dominate the market in terms of value.

Automotive Glass Market Dynamics and Customer Landscape

The market encompasses various types of glass used in passenger vehicles and commercial vehicles, including SUVs and luxury cars. Technological advancements have led to the development of smart glass, safety glass, lightweight glass, and laminated side and rear windows. ITC glass company is a significant player in this market, providing automobile producers with high-quality glass for passenger cars and commercial vehicles. Automotive glass offers several benefits, such as weight reduction, improved driver comfort, enhanced safety, and better occupant crash protection. The transparency and strength of auto glass are crucial for windshield force and damage resistance. Safety features like shatterproof glass, laminated glass, and tempered glass are essential for passenger and commercial vehicles. Raw materials used in automotive glass production include soda-lime glass, borosilicate glass, and aluminosilicate glass. The market is expected to grow significantly due to increasing demand for safety and comfort in vehicles.

Key Market Drivers

The increased demand for premium vehicles and sunroofs is driving market growth. The market is experiencing significant growth due to the increasing demand for luxury cars and SUVs. These vehicles prioritize passenger safety and comfort, leading to the adoption of advanced glass technologies such as Smart glass, Safety glass, and Lightweight glass. Notable companies like ITC, Pilkington Glass, Saint-Gobain, Fuyao Glass, Asahi Glass, Magna, Webasto, and others are at the forefront of this trend. Passenger cars, including the Bentley Arnage and Cadillac ATS, as well as the Buick Enclave and Chevrolet Equinox in the SUV segment, are integrating these glass innovations.

Further, technological advancements have resulted in the development of shatterproof glass, laminated side glass, and rear windows made of Sodium oxide, Calcium oxide, and Potassium oxide. The BEV segment and commercial buses are also adopting these glass solutions for enhanced safety features and aesthetics. Windshields and side windows are being upgraded with Gorilla glass for durability and strength. Overall, the market is witnessing robust growth due to the increasing demand for passenger and commercial vehicles and the continuous technological advancements in glass manufacturing. Hence such factors will fuel market growth during the forecast period.

Significant Market Trends

The increasing popularity of innovative automotive glass is a key trend in the market. The market encompasses various types of glass used in passenger cars and commercial vehicles, including SUVs and luxury models. Solar reflective glass, such as Optikool and EZ-KOOL from Pilkington, is gaining popularity due to its ability to absorb infrared rays, reduce heat, and protect against ultraviolet radiation. This glass enhances vehicle aesthetics and provides improved consumer comfort. Key players in this market include Pilkington, Saint-Gobain, Fuyao Glass, Asahi Glass, Magna, Webasto, and others. Smart glass, safety glass, and lightweight glass are other significant categories in the automotive glass industry. Brands like Bentley Arnage, Buick Enclave, Cadillac ATS, Chevrolet Equinox, and Dodge Ram utilize these glass types in their vehicles. Windshields, side windows, and rear windows are essential components, with technological advancements leading to shatterproof glass, laminated glass, and tempered glass. 

In the passenger vehicle segment, companies like ITC glass, WBTC, LCTSL, AICTSL, and ASTC contribute to the market. Technological advancements continue to shape the industry, with innovations like sodium oxide, calcium oxide, and potassium oxide glass. The BEV segment and commercial buses also rely on automotive glass for safety and comfort features. Gorilla glass, known for its strength and durability, is another notable glass type used in the market. Hence the introduction of innovations such as solar reflective glass and Gorilla Glass technology will increase the demand for technical glass and propel the market growth and trends during the forecast period.

Major Market Challenges

The sharp decline in automobile production and sales is challenging market growth. The market is significantly influenced by the production and sales of passenger cars and commercial vehicles. The SUV segment and luxury cars continue to drive demand for advanced glass solutions, such as Smart glass and Safety glass. Technological advancements in Lightweight glass, Laminated side glass, and ITC glass are also gaining popularity. However, the sales of passenger vehicles and commercial vehicles, including the Buick Enclave, Cadillac ATS, Chevrolet Equinox, Dodge Ram, and Bentley Arnage, have experienced a decline of over 17% between 2017 and 2021. 

Moreover, this trend has affected major automotive manufacturing countries, including Germany, the UK, China, India, Japan, and the US. OEMs are facing increased inventory costs, leading to reduced production. Key players in the market include Pilkington Glass, Saint-Gobain, Fuyao Glass, Asahi Glass, Magna, Webasto, and suppliers of Smart glass, such as Gorilla glass, and BEV segment components, like WBTC, LCTSL, AICTSL, ASTC. The market also caters to the needs of commercial buses and utilizes raw materials like Sodium oxide, Calcium oxide, and Potassium oxide in the production of various types of glass, including Windshields, side windows, and rear windows. Such factors will directly impact the sales of automobile parts and components and hamper market growth during the forecast period. 

Key Automotive Glass  Market Companies

Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.

AGC Inc. - The company offers automotive glass such as light control glass, low E-glass, integrated glass antennas, and glass for LiDAR.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including AGC Inc., AGP Group, Benson Auto Glass LLC, Central Glass Co. Ltd., Compagnie de Saint Gobain, 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 Auto Glass Inc., PG Group Pty. Ltd., Vitro SAB De CV, Webasto SE, and Xinyi Glass Holdings Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The market encompasses the production, supply, and installation of glass products for the automotive industry. Segments of this market include Side Glass, Rear Glass, Windshield, Sunroof, and Lightweight Glass. The market is driven by factors such as increasing demand for safety and comfort features in vehicles, growing automotive production, and the adoption of advanced technologies like Adaptive Tempered Glass and Laminated Glass. Cadillac, Benley, Aston Martin, and other luxury car brands use high-end glass solutions for their vehicles, contributing to the market's growth.

Moreover, passenger comfort and safety are key considerations, with features like rain sensors, anti-glare coatings, and temperature control gaining popularity. The market is competitive, with major players like Asahi Glass Co., Nippon Sheet Glass Co., and Fuyao Glass producing and supplying glass for various automotive applications. The market is also witnessing consolidation, with companies like Saint-Gobain and Aptiv expanding their offerings through acquisitions and partnerships. The market is expected to grow significantly, with increasing demand for electric and autonomous vehicles, and the adoption of advanced glass technologies like Solar Control Glass and Thermally Tempered Glass. The future of the market looks promising, with numerous opportunities for innovation and growth.

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

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2024 and 2028
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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