Europe Automotive Glass Market - Growth, Trends, and Forecasts (2020 - 2025)

The Europe Automotive Glass Market is projected to grow with a CAGR of more than 6% during the forecast period.

• The automotive industry is moving towards autonomy and vehicles are becoming smarter and for different operations, it does not require any human intervention also demand more personalized vehicles is growing around the world and Europe
• Smart glasses are being employed in the luxury vehicles to increase its premium feel and now they are quickly finding their way in entry-level cars and electric vehicles. smart glass runs on suspended particle devices which is a light-control technology for its property of light-blocking. The scientific process behind the smart glass is nanoparticles first absorbs the light suspended in a polymeric system which is then distributed throughout a film on the glass.
• The windshield is the major and most important application of glass in vehicles as it provides strength and structural support in the cabin of the vehicle. The windshield is an integral part of the safety restraint system in the vehicle. During front end collision the windshield provides structural integrity to the cabin of the vehicle. It protects the roof from crushing on occupants during a rollover also it allows the airbags to deploy in the correct position.

Key Market Trends

The Smart Glass will witness the highest growth in the Market

The growing demand for smart glass in high-end vehicles and now a combination of smart glass and organic light-emitting diode screen technology, which can change surfaces, go from transparent to screens and back is driving the market. The smart glass allows vehicle windows to dim or tint from transparent to opaque with the help of electricity or temperature.

The market participants are enhancing and redefining their glass control solution, constantly working on new possibilities for more comfort, safety, and energy efficiency.

For instance, in 2019, Continental announces the launch of intelligent glass control, through this technology the glass section can be dimmed at night or tinted in the daytime. Along with that windows behind the B-pillar can also be ted for privacy in the rear seats on demand.

Along with that demand for the connected vehicles over conventional vehicles has pushed vehicle manufacturers to equip the vehicles with new technologies that help them adapt to the changes. Industry players are taking different approaches to the implementation of the latest technologies. Vehicle manufacturers are launching new models with the smart glass, and number of display units. Also major automakers are introducing latest automotive glassand related technologies in theirvehiclemodels.

Germany is Projected to lead the Europe Automotive Glass Market

In terms of country, Germany is projected to hold the largest share as well as grow with the highest CAGR during the forecast period. Germany is the global hub for car manufacturing. In 2019 around 4,661 thousand passenger cars have been produced in Germany. Moreover, Europe's automotive glass market is expected to witness rapid growth, in terms of technology and procurement. The local automotive glass market participants are launching new technologies and increasing their presence in the region. For instance,

In 2018, AGC Automotive Europe launches the first neutral glass named Pure Grey. This new technology provides excellent color rendering, different from green-tinted glass which actually affects the perception of colors from inside and outside of the vehicle

Similarly, in 2019, Gauzy an Israel based material science company, along with New York's Research Frontiers announced opened a second production facility in Germany. In this facility, they will produce SPD-Smart light control film, a smart window technology, for all industries including automotive applications.

Competitive Landscape

The European automotive glass market is moderately fragmented, with several global players accounting for significant amounts of shares in the market. Some of the prominent companies in the European automotive glass market are AGC Inc., Saint Gobain, and Fuyao Group. Companies are investing heavily in research and development for the innovation of new and advanced products and technologies that may be used in upcoming vehicles. For instance,

• In January 2020, BMW in CES 2020 introduced intelligent glass control in iNextits electric SUV, which is a reflective type of glass that can be activated both manually and automatically. Through various sensors, glass can pick up any specific position of the sun, through which only certain areas of the window will be adjusted to keep excessive heat and light away.
• In 2019, Guardian Glass invested in the modernization of float glass lines at its European production plants. The United Kingdom plant will be upgraded and modernized as the existing furnace is coming to the end of its lifecycle.

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TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

• 4.1 Market Drivers
• 4.2 Market Restraints
• 4.3 Industry Attractiveness - Porter's Five Forces Analysis
  • 4.3.1 Threat of New Entrants
  • 4.3.2 Bargaining Power of Buyers/Consumers
  • 4.3.3 Bargaining Power of Suppliers
  • 4.3.4 Threat of Substitute Products
  • 4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

• 5.1 By Type
  • 5.1.1 Regular Glass
  • 5.1.2 Smart Glass
• 5.2 By Application Type
  • 5.2.1 Windshield
  • 5.2.2 Rear View Mirrors
  • 5.2.3 Sunroof
  • 5.2.4 Other Application Types
• 5.3 By Vehicle Type
  • 5.3.1 Passenger Cars
  • 5.3.2 Commercial Vehicles
• 5.4 By Country
  • 5.4.1 Germany
  • 5.4.2 United Kingdom
  • 5.4.3 Italy
  • 5.4.4 France
  • 5.4.5 Spain
  • 5.4.6 Rest of Europe

6 COMPETITIVE LANDSCAPE

• 6.1 Vendor Market Share
• 6.2 Company Profiles
  • 6.2.1 AGC Inc.
  • 6.2.2 Saint Gobain
  • 6.2.3 Fuyao Group
  • 6.2.4 Gentex Corporation
  • 6.2.5 Vitro, S.A.B de C.V.
  • 6.2.6 Samvardhana Motherson
  • 6.2.7 Xinyi Glass Holdings Limited
  • 6.2.8 Webasto SE
  • 6.2.9 Magna International
  • 6.2.10 Nippon Sheet Glass Co., Ltd.
  • 6.2.11 Central Glass Co., Ltd.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS