According to the latest report from the IMARC group, entitled “Automotive Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global automotive glass market reached a value of US$16.2 billion in 2021. Looking ahead, IMARC Group expects the market reach US$22.7 billion by 2027 growing at a CAGR of 5.8% during the period 2022-2027.
Automotive glass is a type of safety glass designed to protect occupants as well as the structure of a vehicle. Widely available in two forms, namely tempered glass and laminated glass, it not only provides resistance to water, fog, dust and ultraviolet (UV) rays, but also effectively keeps outside noise at bay. Laminated glass uses a layer of polyvinyl butyral (PB) to withstand extreme heat and is used to manufacture windshields. While tempered glass, which is used to manufacture the side and rear windows of the vehicle, is produced by a process called tempering, which helps improve the strength of the glass and provide balanced internal stress capabilities.
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Global Automotive Glass Market Trends:
The market is mainly driven by a significant increase in automobile sales. Rapid urbanization, swelling consumption capacity of consumers, and improved living standards of the majority of the population across the world, especially in developing economies, have increased the adoption of vehicles. At the same time, the increasing adoption of hybrid and electric vehicles (EV), due to the implementation of stringent environmental regulations, is boosting the demand for automotive glass. The growing popularity of luxury cars among the urban population is also acting as another major growth factor.
Additionally, the growing demand for advanced variants with improved strength and enhanced features such as glass sunroof contributes to the Automotive Glass Market Growth. For example, the advent of smart automotive glass is driving product demand significantly. These variants tint the car windows at the touch of a button, which can improve the overall driving experience of the user. Extensive research and development (R&D) and increasing mergers and acquisitions (M&A) among major industry players are expected to create a positive outlook for the market.
For example, Corning Incorporated, an American multinational (MNC) specializing in specialty glass, has collaborated with South Korean electronics company, LG Electronics Vehicle Component Solutions, to introduce cost-effective and high-quality curved dual-display interior modules. .
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Analysis and segmentation of the global automotive glass market 2022-2027:
Competitive landscape with key players:
- AGC Inc.
- Corning Incorporated
- Fuyao Glass Industry Group Co., Ltd.
- Gentex Company
- Hitachi Chemical Co., Ltd.
- Magna International Inc.
- Nippon Sheet Glass Co.,Ltd
- PGW Auto Glass, LLC
- Polytronix, Inc.
- Saint Gobain Group
- MothersonSumi Infotech & Designs Ltd (MIND)
- Webasto SE
- Xinyi Glass Holdings Limited.
Breakdown of the market by type of glass:
- Laminated glass
- Heat-tempered glass
Breakdown of the market by type of material:
- IR PVB
- Glass coated with metal
- Tinted glass
Breakdown of the market by type of vehicle:
- Particular Cars
- Light commercial vehicles
- The buses
Market Breakdown by Application:
- Rear quarter glass
Breakdown of the market by end user:
- Aftermarket Suppliers
Market breakdown by technology:
- Active smart glass
- Suspended particle glass
- Electrochromic glass
- liquid crystal glass
- Passive glass
Market Breakdown by Region:
- North America
- Europe Asia Pacific
- Latin America
- Middle East and Africa.
Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
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