Press release
Automotive Glass Market Outlook 2034: Market Valued at US$ 25.4 Billion in 2023, Projected to Expand at a CAGR of 4.5% to Reach US$ 41.2 Billion by 2034 Driven by Advancements in Vehicle Safety
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Analysts' Viewpoint
According to TMR analysts, the automotive glass market is seeing robust growth driven by increased vehicle production and growing safety requirements worldwide. Laminated and tempered glass-core materials in vehicle windows and windshields-remain key components in automotive manufacturing due to their durability and impact resistance.
Simultaneously, the demand for bulletproof and smart glass technologies is gaining momentum, fueled by rising security concerns and advancements in vehicle design. Bullet-resistant glass, used extensively in military and armored vehicles, is gaining mainstream appeal in premium passenger vehicles and executive transport.
The development of sustainable glass production processes is another trend reshaping the market landscape. Players are introducing room-temperature glass shaping technologies, which contribute to reducing carbon emissions in manufacturing, aligning with global climate goals.
Automotive Glass Market: Overview
Automotive glass, typically manufactured using laminated and tempered processes, is essential for ensuring passenger safety, visibility, and UV protection. While laminated glass is commonly used for windshields, tempered glass dominates the side and rear windows segment due to its ability to shatter into harmless fragments.
Additionally, bulletproof glass-composed of multiple glass layers and polycarbonate-is being incorporated in military, defense, and high-security civilian applications. Manufacturers also rely on the float glass method, a process involving molten glass poured onto molten tin, to ensure flawless surfaces and clarity.
Key Drivers Fueling Automotive Glass Market Growth
Surge in Global Automobile Production
The growing automotive sector is directly influencing demand for high-performance glass components. According to the European Automobile Manufacturers' Association (AECA), 13.1 million motor vehicles are produced annually in the EU alone. In the first nine months of 2023, over 9 million units were produced-a 14% increase from the prior year.
Glass plays a vital role in vehicle energy efficiency and passenger comfort. Technologies such as dark green UV-cut glass help reduce cabin heat and filter UV radiation, enhancing occupant protection and vehicle fuel efficiency.
Rising Demand for Bulletproof and Security Glass
Bulletproof glass is increasingly used across sectors, including automotive, military, law enforcement, and VIP transportation. Advances in transparent armor materials like aluminum oxynitride (ALON) are enabling stronger yet lighter glass structures.
In August 2021, the U.S. Department of State awarded a US$ 36.4 Mn contract to General Motors' special ops division for the development of armored support vehicles. A parallel deal with Battelle Memorial Institute for armored Ford Expedition models reflects the growing market for defense-grade automotive glass.
Regional Outlook: Asia Pacific Leads Global Market
Asia Pacific held the largest market share in 2023, fueled by a booming automotive sector in countries such as India and China. As per India Invest, India produced 25.93 million vehicles across all segments from April 2022 to March 2023, positioning the region as a global manufacturing hub.
With many Western automotive glass manufacturers downsizing operations due to high costs and geopolitical disruptions (e.g., Brexit), industry players are relocating manufacturing bases to Asia Pacific. Low labor costs, favorable policies, and abundant raw materials make the region a strategic priority.
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Competitive Landscape
Key players in the automotive glass market are focusing on optical clarity, impact resistance, and integration with ADAS (Advanced Driver-Assistance Systems). Technologies such as electrochromic, SPD, and photochromic glass are paving the way for intelligent glass applications.
Leading Companies:
AGC Inc.
AGP Group
Central Glass Co., Ltd.
Saint-Gobain Glass
Corning Incorporated
Fuyao Glass Industry Group Co., Ltd.
Gauzy Ltd.
Glavista
Gentex Corporation
Kochhar Glass (India) Pvt. Ltd.
LTI Smart Glass Inc.
Magna International Inc.
Samvardhana Motherson
Nippon Sheet Glass Co., Ltd.
Vitro
Webasto Group
Xinyi Glass Holdings Limited
Recent Developments:
March 2024 - AGC Automotive Europe introduced a panoramic vehicle-integrated photovoltaic (VIPV) sunroof for passenger cars and SUVs, enhancing sustainability and energy efficiency.
January 2024 - Corning Incorporated partnered with Tianma and GAC Design to develop OLED-based automotive interior displays using Corning's LivingHinge Technology, aiming to elevate the in-vehicle digital experience.
Market Segmentation
By Glass Type
Laminated Glass
Tempered Glass
Others
By Material
IR-PVB
Metal-coated Glass
Tinted Glass
Others
By Technology
Active Smart Glass
Passive Glass
By Vehicle Type
Two Wheelers
Three Wheelers
Passenger Vehicles
Light Commercial Vehicles
Heavy Duty Trucks
Buses & Coaches
Off-road Vehicles
By Application
Windshields
Sidelights
Backlights
Side View Mirrors
Rear View Mirrors
Others
By Sales Channel
OEM
Aftermarket
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About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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