Global Automotive Glass Market By Product (Laminated, Tempered) | AGC, Saint Gobain Sekurit, Fuyao, NSG, Nippon, Guardian, Webasto, PGW, Shenzhen Benson, Nippon, PPG Industries, and Gentex Corporation.

Europe automotive glass market 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.

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Global automotive glass market size is predicted 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 industry 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.

Laminated automotive glass market is estimated to generate revenue over USD 11 billion by 2024. Prevention from penetration, easy reparability, sound proofing and clear visibility are the substantial properties encouraging the product consumption. Tempered product is set to witness over 6% growth up to 2024. High strength and toughness due to controlled chemical and thermal treatment are key factor driving product demand.

Backlite will observe gains around 5% in the coming years. Safe shattering, high impact resistance and superior defrosting properties are the driving factors for industry growth. Sidelite will witness strong growth owing to increasing technological advancement including solar control glass. Original Equipment Manufacturers (OEM) accounted for more than 80% of the overall industry share in 2017. Rising safety norms along with expansion in automotive industry are the factors surging industry growth.

Automotive glass market by product

• Laminated
• Tempered

Automotive glass market by application

• Sidelite
• Backlite
• Windscreen

Automotive glass market by end-use

• Aftermarket replacement glass (ARG)
• Original equipment manufacturer (OEM)

Automotive glass market by vehicle type

• Light commercial vehicle
• Heavy commercial vehicle
• Passenger cars

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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.

The U.S. automotive glass market from laminated product was worth more than USD 700 million in 2017. Stringent regulations for passenger safety in conjunction with consumer awareness pertaining superior quality glass capable of handling impact and bad weather will drive the regional demand. Shifting trends for supercars and modified cars with increased utilization of tinted products particularly in the U.S. is supporting product innovations.

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China automotive glass market from OEM is estimated to witness over 7% growth up to 2024. High consumer spending on vehicles accompanied by inclination towards luxury and supercars are the factors driving industry demand. Large presence of manufacturing facilities coupled with rapid industrialization mainly in China and India will propel the product growth.

OEMs automotive glass 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 industry 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 industry growth over the study period.

Global automotive glass market share is consolidated in nature with the presence of key players including Saint Gobain Sekurit, AGC, Nippon, Xinyi, Guardian and Fuyao accounting for major industry share in 2017. Other notable players include Magna International, Inc., Shenzhen Benson, PGW, Gentex Corporation and Webasto.

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