Press release
Automotive Glass Market is Anticipated to Reach USD 29.45 Billion with Healthy CAGR of 5.10% by 2029
A Real Automotive Glass report allows companies to create a unique space in the global industry and be recognized as the most consistent and dedicated growth partner for market research, strategy formulation, and sustainable organizational development. The report provides a sustainable forward-looking growth plan to ensure the key business success of the organization. When creating the Automotive Glass Marketing report, we identify real opportunities for growth by gaining a solid understanding of our client's business functions. Moreover, the growth target strategy model designed by the analyst includes a detailed analysis of market paths, characteristics of utilization and development, and potential pitfalls.
The global automotive glass market was valued at USD 19.78 billion in 2021 and is expected to grow at a CAGR of 5.10% during the forecast period 2022-2029 to reach USD 29.45 billion by 2029. Due to its low cost, high strength and robustness, "tempered" occupies the largest product category. The market reports carefully curated by the Data Bridge market research team include in-depth expert analysis, import-export analysis, pricing analysis, production-consumption analysis, and pestle analysis.
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Some of the key players in the automotive glass market are:
Saint-Gobain (France)
Asahi India Glass Ltd. (India)
Fuyao Glass America Inc. (USA)
Matheson (India)
Webasto Group (Germany)
Nippon Plate Glass Co., Ltd. (Japan)
Gentec (USA)
Magna International Inc. (Canada)
Xinyi Glass (Hong Kong)
Corning Incorporated (USA)
Hitachi Chemical Corporation (Japan)
PGW Automotive Glass LLC(미국)
Polytronix, Inc. (USA)
In Vitro (Mexico)
Olympia Auto Glass (Turkey)
Guardian Industries (USA)
Shatterproof (South Africa)
Chuo Glass Co., Ltd. (Japan)
AUTOMOTIVE GLASS MARKET DYNAMICS
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
DRIVERS
EMPHASIS ON LIGHTWEIGHT CARS
The increase in the emphasis on lightweight cars across the globe acts as one of the major factor driving the growth of automotive glass market. The rise in the harmful emissions from vehicles have an adverse effect on the environment that tend to further accelerate the market.
ELECTRIC VEHICLES
The increase in the production and sales of electric vehicles accelerate the market growth. These vehicles incorporate new and innovative technologies in the display and batteries segments.
PREFERENCE FOR CHEMICALLY TEMPERED GLASS
The rise in the shift from conventional soda-lime glass to chemically tempered glass among manufacturers further influence the market. The chemically tempered glass is being adopted to acquire higher durability and performance.
Additionally, expansion of the automotive sector, surge in investments and increased disposable income extends profitable opportunities to the market players in the forecast period of 2022 to 2029.
OPPORTUNITIES
Furthermore, popularity of lightweight and energy efficient extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, increase in demand for device embedded glass will further escalate the growth of automotive glass market.
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GLOBAL AUTOMOTIVE GLASS MARKET SCOPE
The automotive glass market is segmented on the basis of product, application, distribution channel and vehicle. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
Laminated
Tempered
On the basis of product, the automotive glass market is segmented into laminated and tempered.
Application
Sidelite
Backlite
Door Glass
Quarter Glass
Vent Glass Sunroof
Windscreen
On the basis of application, the automotive glass market is segmented into sidelite, backlite, door glass, quarter glass, vent glass sunroof and windscreen.
Distribution Channel
(OEM) Original Equipment Manufacturers
(OES) Original Equipment Suppliers
Independent Aftermarket
On the basis of distribution channel, the automotive glass market is segmented into (OEM) original equipment manufacturers, (OES) original equipment suppliers and independent aftermarket.
Vehicle
Passenger Cars
Light Commercial Vehicle
Heavy Commercial Vehicle
Based on vehicle, the automotive glass market is segmented into passenger cars, light commercial vehicle and heavy commercial vehicle.
AUTOMOTIVE GLASS MARKET REGIONAL ANALYSIS/INSIGHTS
The automotive glass market is analyzed and market size insights and trends are provided by country, product, application, distribution channel and vehicle.
The countries covered in the automotive glass market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the automotive glass market because of the increase in the sale and production of commercial vehicles within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the surge in automotive production in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
What insights does the Automotive Glass market report offer readers?
➜ Automotive Glass Fragments by Product Type, End-Use and Region
➜ Comprehensive assessment of upstream raw materials, downstream demand and market conditions
➜ Collaborations, R&D projects, acquisitions and product launches of various automotive glass manufacturers
➜ Detailed regulations on the consumption of auto glass by the government
➜ Impact of modern technologies such as big data and analytics, artificial intelligence and social media platforms on the global automotive glass market.
The global automotive glass market is divided into 13 segments.
Chapter 1: Market Overview, Drivers, Limitations and Opportunities, Industry Overview
Chapter Two Manufacturer Market Competition
Chapter 3 Production by Region
Chapter 4: Local Consumption
Chapter 5: Production, Revenue and Market Share by Type
Chapter 6: Application Consumption, Market Share (%) and Application Growth Rate
Chapter 7: Complete Manufacturer Profiles and Analysis
Chapter 8 Manufacturing Cost Analysis, Raw Material Analysis, Local Overhead
Chapter 9: Industry Chain, Procurement Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Merchants
Chapter Eleven: Analysis of Market Influencing Factors
Chapter 12: Market Forecast
Chapter 13: Automotive Glass Market Findings and Conclusion, Appendix, Methodology and Data Source
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