Press release
Unlocking Opportunities in the Automotive Glass Replacement Market: 2025-2034 Forecast Report
Automotive Glass Replacement
What Will the Automotive Glass Replacement Industry Market Size Be by 2025?
The market for automotive glass replacement has seen significant expansion in the past years. It is projected to increase from $37.08 billion in 2024 to $40.55 billion in 2025, with a compound annual growth rate (CAGR) of 9.4%. The historical growth can be traced back to factors such as trends in vehicle ownership and older fleets, incidents and crashes, environmental and weather factors, insurance policies and claims, as well as safety rules and adherence.
What's the Long-Term Growth Forecast for the Automotive Glass Replacement Market Size Through 2029?
Expectations are high for substantial growth in the automotive glass replacement market over the upcoming years. The market is projected to escalate to a value of $57.92 billion by 2029, boasting a compound annual growth rate (CAGR) of 9.3%. This predicted increase throughout the forecast period can be attributed to factors such as advanced driver assistance systems (ADAS), improved technology in glass materials, growing urbanization, increased traffic density, as well as a focus on vehicle aesthetics and customization, and rising awareness for safety and security. During the forecast period, key trends will revolve around refining safety standards, innovating glass coating technologies, incorporating advanced materials, implementing digital formats in customer service and appointment scheduling, and advancing expansion of electric and autonomous vehicles.
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What Are the Key Growth Drivers Fueling the Automotive Glass Replacement Market Expansion?
The surge in vehicle manufacturing is anticipated to stimulate the advancement of the automotive glass replacement market. Automotive production involves the widespread manufacture of uniform models for public sale. As such, a rise in vehicle production would also boost the production and substitution of automotive glass, due to factors such as wear and tear, safety laws, and others. For instance, the Organisation Internationale des Constructeurs d'Automobiles (OICA), an international association of automobile manufacturers based in France, reported a noticeable escalation in the worldwide automotive sector in 2023, with the total production of vehicles hitting 93546599 units, a marked improvement from the 85016728 units produced the year before. Hence, the escalating automotive production is fuelling the expansion of the automotive glass replacement market.
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What Are the Key Trends Driving Automotive Glass Replacement Market Growth?
The growing trend of technological development is gaining traction in the automotive glass replacement industry. Big enterprises in the sector are putting their efforts into creating innovative strategies to solidify their market stand. A case in point, in August 2023, Automotive Glass Experts, a US-based company specializing in the production and installation of superior quality automotive glass products and services, collaborated with Inspektlabs Inc., a business heavily invested in providing AI-driven inspection technology for improving evaluations of properties and vehicles. The partnership aims to create a sophisticated AI platform on their website for the accurate assessment of automotive glass damage, achieving 98% precision, and enabling users to schedule services and view comprehensive reports online. This creative solution not only advances user handiness and decision-making but also encourages ecological preservation by lessening nonessential trips and CO2 emissions. It involves a remarkably thin slice of gorilla glass with an outer ply thicker by fifty-two percent, resulting in a windscreen that is both lightweight and robust. Moreover, it provides excellent resistance to stone-induced chips, fractures, and crac*ks.
How Is the Automotive Glass Replacement Market Segmented?
The automotive glass replacementmarket covered in this report is segmented -
1) By Product: Tempered, Laminated
2) By Vehicle Type: Passenger Car, Heavy Commercial
3) By Application: Windscreen, Backlite, Sidelite, Sunroof, Other Applications
4) By End Use: Original Equipment Manufacturer (OEM), Aftermarket Replacement (ARG)
Subsegments:
1) By Tempered: Side Windows, Rear Windows, Sunroofs
2) By Laminated: Windshields, Front Side Windows, Rear Windshields
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Which Companies Are Leading the Charge in Automotive Glass Replacement Market Innovation?
Major companies operating in the automotive glass replacement market include AGC Inc., Corning Incorporated, Fuyao Glass Industry Group Co. Ltd., Nippon Sheet Glass Co. Ltd., Compagnie de Saint-Gobain SA, Xinyi Glass Holdings Co. Ltd., Central Glass Co. Ltd., Guardian Industries LLC, Vitro S.A.B. de C.V., Pittsburgh Glass Works LLC, Samvardhana Motherson Group, Magna International Inc., PGW Auto Glass LLC, Olimpia Auto Glass Inc., Shatterprufe Ltd., Taiwan Glass Ind Corp., Kaycan Ltd., Webasto Group, Bent Glass Design Inc., Gerber Glass & Trim Co., Safelite Inc., S.I. Howard Glass Co. Inc., SecurGlass LLC, Swift Glass Company Inc., The Pink Plumber
Which Regions Are Leading the Global Automotive Glass Replacement Market in Revenue?
Asia-Pacific was the largest region in the automotive glass replacement market in 2024. It is expected to be the fastest-growing region in the automotive glass replacement market report during the forecast period. The regions covered in the automotive glass replacement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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