Automotive Glass Market size was estimated at $31,663.5 Million in 2019 and is expected to reach $43,089.7 Million by 2027, growing at a CAGR of 4.5% during the forecast period of 2020 to 2027.
Automotive Glass is a specially-formulated layer of glass that is used on Windscreens and Windows of automobiles to enable visibility to the occupants as well as safety to the car. The most obvious growth driver is the Global Automotive Sales. However, the variation in the International raw material prices is a restraint. Also, the large capital commitment for establishing the manufacture of Automotive Glass is a challenge.
Analysis by Product
The Product is segmented into Tempered and Laminated. The Automotive Glass market report has conclusive data to suggest the immaculate growth trajectory of the Laminated glass owing to its excellent response in situations of distress such as accidents. On the other hand, the Automotive Glass market research has realized the market value that Tempered glass will continue to hone due to its low cost and ready availability.
Analysis by Application
There are three Application segments: Windscreen, Sidelite, and Backlite. The lion’s share of the Automotive Glass market share is taken up by Windscreens. This is because of several intelligent features that are being built around the windshield. These include Heads up displays, rain sensors, and Acoustic interlayers. Nevertheless, the Automotive Glass market size for Sidelite is also likely to gain pace on account of an insurgence of vehicle safety awareness among consumers.
Analysis by Distribution Channel
The two main Distribution Channel segments are Original Equipment Manufacturer (OEM), Aftermarket Replacement Glass. The Automotive Glass market estimation for the OEM segment is very upbeat as consumers are starting to take vehicle and occupants’ safety very seriously. This is guaranteed much better by the OEMs. The product is perceived to be much more durable and that will drive the segment’s growth.
Analysis by Vehicle
The three prime Vehicle segments are Passenger Cars, Light Commercial Vehicles (LCV), and Heavy Commercial Vehicles (HCV). The Automotive Glass market forecast for Passenger cars is the most optimistic as it already accounts for over 55% of the total Automotive Glass consumption. The blossoming middle class across a lot of countries is the key driver for this segment.
Analysis by Region
The European Union is likely to emerge as the consumption leader of Automotive Glass in the forecasted period owing to a surge in electric vehicle production, emphasis on Automobile weight reduction, and advancements in vehicle design. The Automotive Glass price trend is likely to appreciate considerably as the region readies itself to take a massive ascent into Automotive stardom.
Analysis by Acclaimed Organizations
The leading Automotive Glass companies are Asahi Glass Company, Nippon Sheet Glass Company, Webasto, and Saint-Gobain. R&D will remain the key differentiators among the leaders in this period. Production enhancements are also expected to drive the industry growth. Lastly, strategic partnerships with regional enterprises are likely to unravel excellent synergies across the value chain.
COVERAGE HIGHLIGHTS
• Market Revenue Estimation and Forecast (2019 – 2026)
• Market Production Estimation and Forecast (2019 – 2026)
• Market Sales/Consumption Volume Estimation and Forecast (2019 – 2026)
• Breakdown of Revenue by Segments (2019 – 2026)
• Breakdown of Production by Segments (2019 – 2026)
• Breakdown of Sales Volume by Segments (2019 – 2026)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
• Regional Analysis and Market Data Breakdown
MARKET SEGMENTATION
By Product Outlook ($Revenue and Unit Sales, 2019-2026)
• Tempered
• Laminated
By Application Outlook ($Revenue and Unit Sales, 2019-2026)
• Windscreen
• Sidelite
• Backlite
By Distribution Channel Outlook ($Revenue and Unit Sales, 2019-2026)
• Original Equipment Manufacturer
• Aftermarket Replacement Glass
By Vehicle Outlook ($Revenue and Unit Sales, 2019-2026)
• Passenger Cars
• Light Commercial Vehicle
• Heavy Commercial Vehicle
By Regional Outlook ($Revenue and Unit Sales, 2019-2026)
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Portugal
o Russia
o The Netherlands
• Asia-Pacific
o India
o Japan
o China
o South Korea
o Thailand
o Malaysia
• Latin America
o Brazil
o Argentina
• Middle East & Africa
o South Africa
o U.A.E.
o Iran
o Kenya
Acclaimed Organizations
• Saint-Gobain Sekurit
• Asahi Glass Co.
• Central Glass America, Inc.
• Shenzhen Benson Automobile Glass Co.
• Nippon Sheet Glass Co. Ltd.
• PPG Industries Inc.
• Xinyi Glass Holdings Ltd.
• Duratuf Glass Industries (P) Ltd.
• Corning, Inc.
• Guardian Glass
• Webasto
• Magna International Inc.
• Fuyao Group
• Fuso Glass India Pvt. Ltd.
• Pittsburgh Glass Works
• Gentex Corporation
• Shatterprufe Windscreens
• Vitro S.A.B. de C.V.
• LKQ Corporation
• Dura Automotive System LLC
• Soliver
• Windscreens Glas Trosch Holding AG
• Independent Glass Co. Ltd.
• Paragon Tempered Glass
• China Glass Holding Ltd.
• Euroglas GmbH
• NSG
