Press release
Driving Forces Behind the Growth of the Automotive Glass Market: A Key Factor Shaping the Future of the Automotive Glass Market in 2025
Automotive Glass Market Size
In recent years, the size of the automotive glass market has seen robust expansion. Its size is projected to increase from $21.49 billion in 2024 to $23.02 billion in 2025, a compound annual growth rate (CAGR) of 7.1%. Reasons for this growth during the historical period include improvements in safety regulations, breakthroughs in glass technology, an uptick in vehicle production, heightened consumer preference for comfort and aesthetics, an expansion of the automotive aftermarket, the burgeoning of the electric vehicle sector, and economic growth in emerging markets.
Expectations for the automotive glass market size point towards robust growth in the forthcoming years, with predictions of reaching $30.03 billion by 2029. This equates to a compound annual growth rate (CAGR) of 6.9%. This predicted growth during the forecast period can be ascribed to ongoing developments in vehicle design, heightened demand for electric and autonomous vehicles, increased focus on safety features and advanced driver-assistance systems (ADAS), rising automobile production, tight emission and safety regulations for vehicles, growing automotive aftermarket services, as well as continuous technological innovations in smart glass and lightweight material. Major projected trends for the forecast period include increased incorporation of smart glass technology, rising acceptance of lightweight and environmentally friendly materials, increased use of solar control glass, a rise in panoramic sunroof installations, emerging improvements in augmented reality windshield displays, increasing demand for acoustic glazing, and the integration of advanced driver-assistance systems (ADAS) compatible glass.
What Is Contributing to the Growth of the Automotive Glass Market?
The growth of the automotive glass market is set to be spurred on by the escalating demand for both passenger and commercial vehicles. Passenger vehicles, typified by cars intended for personal transport, and commercial vehicles such as vans, trucks, and buses used for business operations, represent crucial destinations for automotive glass. The glass fulfills the crucial roles of offering visibility, protection against natural elements, and providing necessary structural strength. With rising economic growth, increased urbanization and a boost in consumer confidence, the need for transportation services is on the upswing. To illustrate, metadata from the International Energy Agency, a France-based energy policy coordinating intergovernmental organization, showed that as of February 2023, sales of electric passenger cars in emerging and advanced economies spiked from 1.3 million and 2.2 million units to 1.5 million and 3.8 million units, respectively. Similarly, the European Automobile Manufacturers' Association (ACEA), a prominent representative of Europe's 15 major automobile manufacturers specializing in cars, trucks, vans, and buses, recorded considerable growth in new commercial vehicle registrations in 2023. Vans specifically saw a 14.6% increase, while trucks rose by 16.3%, and buses saw an impressive 19.4% spike. This upsurge in demand for both passenger and commercial vehicles is set to fuel the progress of the automotive glass market.
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Which Businesses Are at the Forefront of Automotive Glass Market Development?
Major companies operating in the automotive glass market are Saint-Gobain S.A., Magna International Inc., Asahi Glass Co Ltd, Corning Incorporated, Samvardhana Motherson, Nippon Sheet Glass Co. Ltd, Webasto Group, Guardian Industries Corp, Fuyao Glass Industry Group Co. Ltd., Xinyi Glass Holdings Limited, Türkiye Sise ve Cam Fabrikalari, Gentex Corporation, Vitro S.A.B. de C.V., Taiwan Glass Ind Corp., Central Glass Co. Ltd., Pittsburgh Glass Works Auto Glass LLC, Carlex Glass America LLC, Shenzhen Benson Automobile Glass Co. Ltd., Suyog Glass Industries, Magnum Tuff India Pvt Ltd
What Are the Latest Innovations in the Automotive Glass Market?
Leading businesses in the automotive glass sector are prioritizing advancements such as smart glass technologies to outshine their competitors. These dynamic materials, which leverage processes like electrochromic and photochromic methods, can modulate their transparency, tint, or opacity as required, and find use in windows and vehicle glass to augment privacy, curtail glare, and boost energy efficiency. For example, in January 2023, Magna International, Inc., a company based in Canada that specializes in glass manufacturing, introduced the ClearView vision technology for Ram 2500 and 3500 Heavy Duty trucks. This state-of-the-art system unites real-time video with traditional mirrors, providing an expanded view range and heightening safety in tricky driving scenarios. ClearView is aimed at making heavy-duty vehicles more intelligent and safe, assisting in complicated maneuvers, and heightening situational awareness.
How Is the Automotive Glass Market Segmented?
The automotive glass market covered in this report is segmented -
1) By Product: Tempered Glass, Laminated Glass, Other Products
2) By Vehicles Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles
3) By Application: Windshield, Sidelite, Sunroof, Backlite
4) By End-Use: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Tempered Glass: Side Windows Glass, Rear Windows Glass, Door Glass, Sunroofs And Roof Panels, Quarter Windows Glass
2) By Laminated Glass: Windshields (Front And Rear), Acoustic Laminated Glass, Uv-Protective Laminated Glass, Heated Laminated Glass
3) By Other Products: Plastic Automotive Glazing (Polycarbonate, Acrylic), Smart Glass (Electrochromic Glass), Bulletproof Or Armored Glass, Privacy Glass (Tinted Or Privacy Films), Head-Up Display (HUD) Glass
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Where Is the Automotive Glass Market Growth Most Prominent?
Asia-Pacific was the largest region in the automotive glass market in 2024. The regions covered in the automotive glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Automotive Glass Global Market Report?
- Market Size Analysis: Analyze the Automotive Glass Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Glass Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Glass Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Glass Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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