Press release
Automotive Glass Market: Top Manufacturers AGC, Nippon, Guardian, Saint Gobain Sekurit, Xinyi, Fuyao, Magna International, Gentex, PGW, Shenzhen Benson, Webasto
Automotive glass market to be valued more than USD 21 billion by 2024. Increasing vehicle sales across the globe together with increasing surface area of automobiles covered with glass is primarily driving the automotive glass market size. Rising product consumption per vehicle owing to changes in car designs is enhancing the business. Inclination towards large windscreens is driving the automotive glass industry size over the projected period.Introduction of smart technologies to improve UV protection, visibility, and comfort is supporting product sales. Automakers aim to reduce vehicle weight to enhance fuel efficiency which is supported by automotive glass. Proliferating transportation industry is proportional to automotive production trend thereby contributing significantly in automotive glass market size till 2024.
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Laminated automotive glass market size will be worth over USD 11 billion over the projected time frame. Ease of repairing, prevention from penetration, clear visibility, and acoustic advantages are essential characteristics offered by this product. Tempered segment will exhibit over 6% CAGR during the study period. High robustness and strength owing to thermal and chemical treatment are boosting the product demand.
Backlite segment will experience gains of above 5% between 2018 and 2024. High impact resistance, superior defrosting, and safe shattering properties are accountable for this growth rate. Sidelite segment size is set to observe sturdy growth rate due to rising technological advancements such as solar control, head-up display, water repellant, gorilla, etc. In addition, rising disposable income leads to increase in passenger car sales thereby supporting its penetration across the globe.
Automotive glass market for Passenger cars segment is estimated to generate more than USD 14 billion by 2024. Rising disposable income is creating demand for passenger cars especially in developing nations. Enhancing fuel efficiency and minimizing carbon footprint is stimulating the product demand in the segment.
Light commercial vehicles segment in the automotive glass market size will perceive growth of approximately 5% over the study period. Rising transportation network, rapid urbanization, and rising demand for vans and minitrucks are considerably accelerating the segment growth. Increasing accident rates in urban areas and highways has influenced the aftermarket product sales.
OEMs segment accounted for more than 80% of the volume share in 2017. Rising safety norms in conjunction with expansion of automobile industry are surging overall automotive glass market growth over the forecast time span. Moreover, high quality products and accurate model make are preferred by the customers.
Aftermarket segment will pose approximately 5% growth rate over the study time span. Rising road accident rates and customer preference for low cost products will improve the segment growth. Regulations associated with patent and copyright infringement may negatively impact the automotive glass market growth over the study period.
Europe automotive glass industry is predicted to hold approximately 19% of the volume share by 2024. Stringent regulations associated with passenger safety and customers preferring superior quality product capable of handling extreme weather conditions will influence the product demand in region. Increasing production of supercars and luxury cars is supporting product innovation across various countries of the region.
China automotive glass industry from OEM is anticipated to observe more than 7% CAGR till 2024. Large presence of auto production facilities together with rapid industrialization owing to availability of land and resources at low cost is propelling the product penetration rate. The automotive glass market plays a vital role in county’s economy, that has motivated its government to take certain initiatives for further development. It includes Rural Subsidy Program for Vehicle Purchases, Old for New Trade in Auto Program, and New Energy Vehicle Subsidy Policy contributing in vehicle sales across the country.
Global automotive glass market participants are AGC, Nippon, Guardian, Saint Gobain Sekurit, Xinyi, and Fuyao accounting for major automotive glass market share in 2017. Other notable players of the industry include Magna International, Inc., Gentex Corporation, PGW, Shenzhen Benson, and Webasto. Major players adopt merger and acquisition strategy such as in October 2016, Saint-Gobain acquired France Pare-Brise, comprising huge franchise network in automotive glass repair and replacement market in France. On similar lines, in April 2015, AGC acquired NordGlass, which is an ARG manufacturer located in Poland to strengthen its market share in Europe.
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Report Content
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition and forecast parameters
1.2. Data Sources
1.2.1. Secondary
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Automotive glass industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. Vehicle trends
2.1.5. End-use trends
2.1.6. Regional trends
Chapter 3. Automotive Glass Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material supplier
3.3.2. Manufacturers
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.3.4.1. OEM
3.3.4.2. Aftermarket
3.3.4.3. E-commerce
3.3.5. Vendor matrix
3.3.5.1. Role
3.3.5.2. Presence
3.3.5.3. Product portfolio
3.4. Technology landscape
3.4.1. Float glass technology
3.4.2. Computerized process control
3.4.3. Vertically fired furnaces
3.4.4. Acoustic windshield for cars
3.4.5. Water repellent glass for side windows
3.5. Automotive production, by region, 2013 - 2017
3.5.1. North America
3.5.2. Europe
3.5.3. APAC
3.5.4. LATAM
3.5.5. MEA
3.6. Pricing analysis
3.6.1. Regional pricing
3.6.1.1. North America
3.6.1.2. Europe
3.6.1.3. APAC
3.6.1.4. LATAM
3.6.1.5. MEA
3.6.2. Cost structure analysis
3.7. Regulatory landscape
3.7.1. North America
3.7.2. Europe
3.7.3. APAC
3.7.4. LATAM
3.7.5. MEA
3.8. Industry impact forces
3.8.1. Growth drivers, by region
3.8.1.1. NA
3.8.1.2. Europe
3.8.1.3. APAC
3.8.1.4. LATAM
3.8.1.5. MEA
3.8.2. Industry pitfalls & challenges
3.8.2.1. Raw materials demand and supply gap
3.8.2.2. Intensive capital investment
3.9. Innovation and sustainability
3.9.1. Smart glass technology
3.9.2. Gorilla glass windshields
3.10. Growth potential analysis
3.11. Porter's analysis
3.12. Competitive landscape, 2017
3.12.1. Company market share analysis, 2017
3.12.2. Key stake holders
3.12.3. Strategy dashboard
3.13. PESTEL analysis
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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