Press release
Automotive Glass Market to Reach USD 39.30 Billion by 2032, Growing at 5.5% CAGR
Automotive Glass Market
The global automotive glass market, valued at USD 25.60 billion in 2023, is projected to reach approximately USD 39.30 billion by 2034, expanding at a compound annual growth rate (CAGR) of5.5% from 2024 to 2034. This growth is fueled by increasing vehicle production, advancements in glass technologies, and heightened safety standards
► Competitive Landscape:
The market features prominent players such as AGC Inc., Saint-Gobain, Nippon Sheet Glass Co., Ltd., Fuyao Glass Industry Group Co., Ltd., Xinyi Glass Holdings Limited, Magna International Inc., Gentex Corporation, Corning Incorporated, and Webasto Group. These companies are focusing on innovations like smart glass integration and expanding their global footprint through strategic partnerships.
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► Automotive Glass Market Regional Insights
Asia-Pacific: Opportunities and Trends
Asia-Pacific dominated the market in 2023, contributing 55% of the global share. The region's growth is attributed to the booming automotive sector in countries like China, Japan, and India, along with supportive government policies and a strong manufacturing base.
North America: Growth and Consolidation
North America is expected to register the fastest CAGR between 2024 and 2033. The surge is driven by increased demand for advanced safety features, rising sales of trucks and SUVs, and a robust aftermarket for automotive glass replacement and repair.
Europe: Trends and Updation
Europe maintains a steady demand for automotive glass, with a focus on sustainability and innovation. The region is witnessing investments in smart glass technologies and collaborations aimed at enhancing vehicle safety and comfort.
Middle East and Africa: Emerging Opportunities
The Middle East and Africa are emerging as potential markets due to increasing vehicle sales and infrastructural developments. Countries like South Africa and the GCC nations are experiencing growth in automotive production, creating opportunities for glass manufacturers.
► Key Recent Developments
In April 2024, AGC Inc. introduced high-performing cover glass for in-car displays, enhancing durability and visual clarity.
PGW Auto Glass rebranded following the launch of its Everything Autoglass software service, a VIN decoding and point-of-sale platform, strengthening its offerings in automotive replacement glass and digital services.
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► Automotive Glass Market Segmentation
by Glass Type
Laminated
Tempered
In 2024, the laminated segment of the automotive glass market held the highest share, based on the kind of glass. Its high strength, robustness, and low cost are some of the reasons for its significant market dominance. The glass type is more affordable than laminated automobile glass and has a strength that is four to five times that of a standard float. It is therefore the most used kind of glass in automobiles, especially for windows and backlights.
by Vehicle
Passenger Car
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles
In 2024, passenger cars overtook trucks as the most popular vehicle category, and their sales are predicted to increase at a CAGR of 4.3% during the projection period. Numerous causes, such as changing consumer preferences, an expanding middle class, and increased environmental concerns regarding the usage of lightweight and low-emission automobiles on the road, are to blame for this. The passenger car segment is anticipated to dominate the market over the forecast period. This category is anticipated to grow as a result of increased passenger automobile sales in China and India.
by Application
Windshield
Sidelite
Backlite
Sunroo
In 2024, the Windshield sector had the biggest market share based on application. Because the windshield is so important to a car's construction, both glass and automotive makers are working to improve its functionality and appearance with new technology. For example, during the projected period, it is expected that the launch of new windshield types with self-cleaning glass will propel market expansion.
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► Automotive Glass Market Key Players
North America
1. PPG Industries - (USA)
2. Corning - (USA)
3. Gentex Corporation - (USA)
4. LKQ Corporation - (USA)
5. Magna International Inc. - (Canada)
6. Vitro, S.A.B. de C.V. - (Mexico)
7. Guardian Industries Corporation - (USA)
Asia Pacific
8. Asahi Glass Co., Ltd. - (Japan)
9. Fuyao Glass Market Group Co., Ltd. - (China)
10. Nippon Sheet Glass Co., Ltd. - (Japan)
11. Xinyi Glass Holdings Ltd. - (China)
12. Samvardhana Motherson - (India)
13. Shenzhen Benson Automobile Glass Co., Ltd. - (China)
14. Central Glass Co., Ltd. - (Japan)
15. AGC Ltd. - (Japan)
16. NSG Group - (Japan)
Europe
17. Webasto - (Germany)
18. Pilkington Glass - (United Kingdom)
19. Glas Trösch Holding AG - (Switzerland)
20. Saint-Gobain S.A. - (France)
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