Press release
Increasing Vehicle Production Fuels Growth In The Automotive Glazing Market: An Emerging Driver Transforming The Automotive Glazing Market Landscape
Automotive Glazing
What Is the Projected Growth of the Automotive Glazing Market?
The automotive glazing market size has seen strong growth in recent years. It will rise from $21.46 billion in 2024 to $23.02 billion in 2025, at a CAGR of 7.3%. Factors driving this growth include efforts to reduce vehicle weight for better fuel efficiency, rising consumer demand for vehicles, the increasing importance of acoustic comfort, greater awareness of UV radiation's harmful effects, and a growing focus on environmental sustainability.
The automotive glazing market is expected to increase to $30.08 billion by 2029 at a CAGR of 6.9%, fueled by urbanization, growing aftermarket, premium vehicle demand, globalization, and EV adoption. Trends include enhanced safety standards, smart glass tech, infrastructure developments, and advanced manufacturing techniques.
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What Are the Different Automotive Glazing Market Segments?
The automotive glazing market covered in this report is segmented -
1) By Type: Single Glazing, Double Glazing, Triple Low-E glazing
2) By Material: Laminated, Tempered, Polycarbonate (PB)
3) By Technology: Sun Control Glazing, Hydrophobic Glazing, Switchable Glazing, Conventional
4) By Application: Windscreen, Sidelight, Bakelite
5) By Sales Channel: Original Equipment Manufacturers (OEM), Aftermarket
Subsegments:
1) By Single Glazing: Tempered Single Glazing, Laminated Single Glazing, Clear Single Glazing, Tinted Single Glazing, Safety Glass Single Glazing
2) By Double Glazing: Insulated Double Glazing, Acoustic Double Glazing, Low-E Coated Double Glazing, Solar-Control Double Glazing, Heat-Reflective Double Glazing
3) By Triple Low-E Glazing: Triple Low-E Glazing For Heat Insulation, Triple Glazing With Acoustic Properties, Triple Glazing With Uv Protection, High-Performance Triple Glazing For Electric Vehicles (EVS), Triple Glazing With Smart Glass Features (Electrochromic)
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What Are the Primary Drivers Shaping the Automotive Glazing Market?
The increasing vehicle production is expected to boost the growth of the automotive glazing market. Automotive glazing, which enhances safety, comfort, and aesthetics, is crucial for vehicle manufacturing. In May 2023, the European Automobile Manufacturers Association reported that global motor vehicle production increased by 5.7% in 2022. Thus, rising vehicle production is contributing to the growth of the automotive glazing market.
Which Companies Are Leading in the Automotive Glazing Market?
Major companies operating in the automotive glazing market are Compagnie de Saint-Gobain S.A., Saudi Basic Industries Corporation, Magna International Inc., Evonik Industries AG, Bayer MaterialScience, PPG Industries Inc., Asahi Glass Corporation, Corning Incorporated, Teijin Limited, Sisecam Automotive Bulgaria EAD, Trinseo PLC, Nippon Sheet Glass Co. Ltd, Fuyao Glass Industry Group Co. Ltd, Guardian Industries, Webasto Thermo & Comfort, Xinyi Glass Holdings Limited, Gentex Corporation, Pilkington Brothers Limited, Vitro SAB de CV, Glaston Corporation, Chi Mei Corporation, Dongguan Benson Automobile Glass Co, KRD Sicherheitstechnik GmbH
What Trends Are Expected to Dominate the Automotive Glazing Market in the Next 5 Years?
Automotive glazing market leaders are advancing products like solar-powered glass to improve vehicle efficiency. This glass integrates photovoltaic cells to convert sunlight into electricity, potentially powering vehicle systems. For example, in March 2024, AGC Automotive Europe S.A., based in Belgium, launched a photovoltaic panoramic sunroof capable of generating up to 380 W of power, using highly efficient solar cells.
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What Are the Top Revenue-Generating Geographies in the Automotive Glazing Market?
Asia-Pacific was the largest region in the automotive glazing market in 2024. The regions covered in the automotive glazing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Glazing Market?
2. What is the CAGR expected in the Automotive Glazing Market?
3. What Are the Key Innovations Transforming the Automotive Glazing Industry?
4. Which Region Is Leading the Automotive Glazing Market?
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