Global Automotive Glass Market - 2022-2029

Market Overview

The global automotive glass market reached US$ XX million in 2021 and is expected to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period 2022-2029.

Although automobile glass appears to be identical to other types of glass, it performs distinctly. In its lifetime, an automobile, on the other hand, will meet several potholes, pebbles and fender benders. As a result, automotive glass is divided into two types of safety glass to protect the vehicle's structure and the occupants inside. Laminated glass, used for the windshield, is the first type of glass. Automakers adopted laminated glass in their windshields to maximize occupant safety during accidents and protect passengers from projectiles during normal driving circumstances. Despite their many advantages, the initial varieties of laminated glass had little puncture resistance. Tempered glass is the second form of glass and it is utilized for the vehicle's side and back windows.

Market Dynamics

Growing market demand for automotive and government regulation associated with automotive safety drives the automotive glass market. Nonetheless, the high cost of automotive glass restricts the respective market's growth.

Growing market demand for automotive and government regulation associated with automotive safety

The growing global GDP and increased urbanization in emerging economies will benefit the automotive glass sector. The demand for automobiles touched an all-time high and consumers are now willing to pay a premium for high-quality items. The growth of cost-effective glass for vehicles has been driven by stabilizing components such as soda ash, lime, oxides of magnesium, potassium and aluminum and increasing gasoline prices. The respective market is growing due to rising demand for cars in the transportation and logistics industry and a focus on enhancing vehicle aerodynamics due to safety standards.

Furthermore, the expansion of this market is being fueled by an increase in the sale of crossovers and SUVs and increased disposable income, particularly in developing countries. The current trend in the automotive glass market, according to the report, is side glazing, which is expected to increase the average glass used per car. Automotive glassmakers are conducting research and development in response to the growing awareness among end customers about the security and safety given by modern products.

In addition, the industry has benefited from a boom in government initiatives in automobile laws and technological improvements in the automotive sector, such as product expansions by manufacturers in vehicle design. The introduction of electric vehicles, a growing inclination for new technologies in terms of display and battery and advancements such as electronically tinted glass and acoustic glass have encouraged market growth.

Huge price factors are involved in the development, manufacture and end product

Automotive glasses are expensive, particularly when it comes to the windshield. A car's windshield is not made of conventional glass, as it would readily shatter in an impact. Instead of standard laminated glass, the windshield is made of tempered glass caused by heating the ordinary glass and rapidly cooling it. Regular glass is ten times more robust and resistant to breaking due to this different cooling and heating. Further, this glass comprises multiple layers, which allow the crack to expand and entirely smash your windshield and prevent injury, even if debris breaks through only the first layers of the glass.

Expensive price ranges and poor adoption in developing nations limit automotive glasses' use. In addition, R&D and the production of automotive drinks for side windows have a high capital cost. The increased investments, combined with a focus on lowering production costs and the cost burden on consumers, will limit the market's growth.

COVID-19 Impact Analysis

The COVID-19 pandemic's lockdowns and government controls have restricted the availability of raw materials and final product sales in the global automotive glass market. Further, the manufacture of automobile glass needs several industrial procedures that have been severely impeded by the COVID-19 pandemic's lockdowns and government regulations. As a result, the majority of automobile glass manufacturing factories have shut down or are operating at a reduced capacity. Demand for automotive glass was dropped due to the general drop in end-user activity, leading demand-supply dynamics to alter.

The predicted rise in the automobile industry, on the other hand, is expected to revive the market's prospects.

Segment Analysis

The global automotive glass market is classified based on type, vehicle, application and region.

Recognition of sunroofs as a sign of luxury and its rising implementation in automotive

The automotive glass market's application segment consists of windshields, rearview mirrors, sunroofs and others. Over the projection period, the sunroof segment is expected to dominate the market. The sunroof allows for better control over the amount of natural light that enters the vehicle. The automotive market's increased investments and consumer demand for energy-efficient products are expected to drive market expansion in this area. The growing use of sunroof glass, especially in high-end automobiles, is expected to further boost the growth of the automotive glass industry. Nowadays, people desire a sunroof in their automobiles, which has resulted in a rise in the use of glass. The sunroof is no longer exclusive to the luxury car market, as car manufacturers like Honda and Toyota have brought it to other segments. All the aforementioned factors play a crucial role in ensuring the dominance of the sunroof segment in the market.

Further, a sunroof is considered a sign of luxury in the current market. An increase in disposable income and the tendency of the modern middle class to opt for luxurious cars have increased the demand for vehicles with sunroofs. The respective factor also helps the sunroof segment expand in the forecast period.

Geographical Analysis

Widespread adoption of electronic vehicles and transition in automotive regulations

During the forecast period, Asia-Pacific dominated the regional segment of the global automotive glass market, boosted by emerging economies and the substantial presence of manufacturers in Japan, China and India. Rapid changes in rules to make transportation more technologically advanced and the region's ever-growing population will provide new chances in the automotive glass market. For instance, the Indian government authorized the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME)-II scheme in February 2019, with a USD 1.4 billion capital commitment from 2019 to 2022.

China is the world's largest vehicle manufacturer. Established glass manufacturing players, rising R&D capacities and the development of many new production sites in China to cater to the growing demand for electric cars contribute to the growth of the global automotive glass market.

For example, Volkswagen and SAIC signed a joint venture agreement in November 2019 to open their first manufacturing factory in Anting, China, which is anticipated to start production in October 2020 with a 300,000-unit annual capacity. Kia Motors began trial production in January 2019 at its new 536-acre factory in Andhra Pradesh, which has a three lakh-unit yearly capacity.

Competitive Landscape

The global automotive glass market is highly dynamic in terms of the number and market of global and local producers. Because of the large number of manufacturers, such as Asahi Glass, Fuyao Group, Nippon Sheet Glass, Saint Gobain, Xinyi Glass, Webasto, Nippon Sheet Glass, Gentex Corporation, Corning and Magna International and their size, the market is classified as fragmented. To achieve competitive advantages and recognition in their particular markets, significant market stakeholders use market techniques such as mergers, acquisitions, product launches, contributions and collaborations.

For instance, The French manufacturer Hopium announced a partnership with Saint-Gobain Sekurit, a pioneer in automotive glazing, to co-develop the glazing for Hopium Machina, the company's high-end hydrogen-powered technology sedan.

Saint Gobain

Overview: Saint-Gobain S.A. is a French multinational firm formed in 1665 in Paris and headquartered in La Defense and Courbevoie on the outskirts of Paris. Though the company began its venture as a mirror maker, it has expanded to include construction, high-performance and other materials. Saint-Gobain develops, manufactures and distributes construction, mobility and industrial materials and solutions, which address the rehabilitation of public and private buildings, decarbonization of construction and industry and the light construction through a constant innovation process, sustainability and performance in everyday life. The corporation has 167,552 employees and operates in 72 countries.

Product Portfolio:

Tempered glass: The product is primarily utilized in doors, side and driver windows, roofs and backlights in all modes of transportation, including off-road vehicles. Compared to ordinary glass, the product undergoes a regulated heat treatment to strengthen its strength (6 times more). The exterior surfaces are compressed after the heat process, while the interior surfaces are in tension. Furthermore, the danger of injury is reduced because glass breaks into small, round fragments rather than sharp, jagged shards.

Key Development:

On April 21, 2021, Saint Gobain, a French glassmaker, announced the launch of a new float-glass line at its integrated glass manufacturing operation in Sriperumbudur, near Chennai, on March 9, 2022, to produce glassware for electric vehicles and solar panels. The new line will increase Saint Gobain India's float-glass output by 30% while also assisting the company in becoming more environmentally friendly.

Why Purchase the Report?

To visualize the global automotive glass market segmentation based on type, vehicle, application and region, as well as understand key commercial assets and players.

Identify commercial opportunities in the global automotive glass market by analyzing trends and co-development.

Excel data sheet with numerous data points of automotive glass market-level with four segments.

PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.

Product mapping available as excel consisting of key products of all the major market players

The global automotive glass market report would provide approximately 64 tables, 57 figures and almost 204 pages.

Target Audience 2023

Manufacturers/ Buyers

Industry Investors/Investment Bankers

Research Professionals

Emerging Companies