The Automotive Glass Market is Projected to Reach $28.3 billion by 2031, at a CAGR of 8.9% from 2024 to 2031. The growth of the automotive glass market is attributed to the growing demand for electric and hybrid vehicles, increasing sales of vehicles, and increasing penetration of sunroof in passenger cars. However, the high initial and set-up costs of automotive glass plants and fluctuations in raw material prices restrain the market’s growth.
Moreover, the increasing use of smart glass in the automotive industry offers significant opportunities for the growth of the global automotive glass market. However, safety concerns regarding laminated glass pose a challenge to the market's growth.
With the growing automotive industry, the demand for automotive glass, including windshields, windows, and sunroofs, tends to correspondingly increase. Automakers continuously seek innovative ways to make their vehicles stand apart from their competitor products. Integrating smart glass technology offers a unique selling proposition, attracting consumers seeking cutting-edge features. OEMs are rapidly adopting smart glass technology to offer various applications that include adjustable transparency, improved privacy, reduced glare, and enhanced comfort for passengers. For instance, in September 2021, BMW AG (Germany) and LG Electronics (South Korea) launched the BMWi Vision Circular, an electric vehicle with smart glass technology developed by Gauzy Ltd (Israel).
With changing consumer preferences for comfort and convenience in vehicles, there is an increasing demand for smart glass technology in vehicles. The technologies innovation such as smart glass and gorilla glass are aimed to enhance the safety and comfort of drivers and passengers in vehicles. Increasing usage of sunroof glass and head-up displays, especially in high-end vehicles, to meet the consumers' changing preferences supports the adoption of smart glass in vehicles. Also, the evolving safety standards and regulations to improve visibility and safety features in vehicles drive the adoption of smart glass for enhanced visibility and reduced glare. The increasing adoption of smart glass is expected to support the growth of the automotive glass market during the forecast period.
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Based on glass type, the global automotive glass market is segmented into laminated glass, tempered glass, and other glass types. In 2024, the laminated glass segment is expected to account for the largest share of the global automotive glass market. The large market share of this segment is attributed to the increasing consumer preferences for safety standards and increasing use of laminated glass in windshields and side windows of vehicles.
Based on vehicle type, the electric vehicle segment is projected to register the highest CAGR during the forecast period. The growth of this segment can be attributed to supportive government policies and regulations, increasing investments in EV development by leading automotive OEMs, rising environmental concerns, and increasing consumer demand for electric vehicles.
Based on sales channel, the global automotive glass market is segmented into OEMs and aftermarket. In 2024, the OEMs segment is expected to account for the larger share of the global automotive glass market. The large market share of this segment is attributed to the increasing demand for safety and quality in automotive glass, growing adoption of advanced technologies in vehicles, and increasing consumer preference for OEM glass as it offers a warranty, providing consumers with added assurance and protection.
Based on application, the fully autonomous segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing penetration of sunroofs in passenger cars, technological advancements in the automotive industry, and changing consumer preferences to enhance the driving experience.
Based on geography, the global automotive glass market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the global automotive glass market. Factors such as increasing vehicle production in the region, increasing demand for electric vehicles in the Asia-Pacific region, increasing consumer preferences for SUVs in China and India, and increasing government focus on vehicle safety are expected to drive the growth of the automotive glass market in this region.
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by major market players in the last three to four years. The key players profiled in the global automotive glass market study are AGC Inc. (Japan), Nippon Sheet Glass Co., Ltd. (Japan), Fuyao Glass Industry Group Co., Ltd. (China), Xinyi Glass Holdings Limited. (Hong Kong), Saint-Gobain (France), Webasto Group (Germany), Magna International Inc. (Canada), Corning Incorporated (U.S.), Guardian Industries (U.S.), Gentex Corporation (U.S.), TAIWAN GLASS IND. CORP. (Taiwan), Central Glass Co., Ltd. (Japan), Motherson Group (India), Schott AG (Germany), Vitro (Mexico), and Sisecam Otomotiv A.S. (Turkey).
Automotive Glass Market Report Summary:
|
Particular |
Details |
|
Number of Pages |
250 |
|
Format |
|
|
Forecast Period |
2024-2031 |
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Base Year |
2023 |
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CAGR |
8.9% |
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Estimated Market Size (Value) |
$28.3 billion by 2031 |
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Segments Covered |
By Glass Type
By Vehicle Type
By Sales Channel
By Application
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|
Countries Covered |
North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Latin America, and the Middle East & Africa. |
|
Key Companies |
AGC Inc. (Japan), Nippon Sheet Glass Co., Ltd. (Japan), Fuyao Glass Industry Group Co., Ltd. (China), Xinyi Glass Holdings Limited. (Hong Kong), Saint-Gobain (France), Webasto Group (Germany), Magna International Inc. (Canada), Corning Incorporated (U.S.), Guardian Industries (U.S.), Gentex Corporation (U.S.), TAIWAN GLASS IND. CORP. (Taiwan), Central Glass Co., Ltd. (Japan), Motherson Group (India), Schott AG (Germany), Vitro (Mexico), and Sisecam Otomotiv A.S. (Turkey) |
The global automotive glass market is projected to reach $28.3 billion by 2031, at a CAGR of 8.9% during the forecast period.
The growth of the automotive glass market is attributed to the growing demand for electric and hybrid vehicles, increasing sales of vehicles, and increasing penetration of sunroof in passenger cars. Moreover, the increasing use of smart glass in the automotive industry offers significant opportunities for the growth of the global automotive glass market.
The key players operating in the global automotive glass market are AGC Inc. (Japan), Nippon Sheet Glass Co., Ltd. (Japan), Fuyao Glass Industry Group Co., Ltd. (China), Xinyi Glass Holdings Limited. (Hong Kong), Saint-Gobain (France), Webasto Group (Germany), Magna International Inc. (Canada), Corning Incorporated (U.S.), Guardian Industries (U.S.), Gentex Corporation (U.S.), TAIWAN GLASS IND. CORP. (Taiwan), Central Glass Co., Ltd. (Japan), Motherson Group (India), Schott AG (Germany), Vitro (Mexico), and Sisecam Otomotiv A.S. (Turkey).
Currently, Asia-Pacific dominates the global automotive glass market. Moreover, this region is also projected to register the highest CAGR during the forecast period.
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition & Scope
1.2. Currency & Limitations
1.2.1. Currency
1.2.2. Limitations
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Drivers
4.2.1.1. Growing Demand for Electric and Hybrid Vehicles
4.2.1.2. Increasing Sales of Vehicles
4.2.1.3. Increasing Penetration of Sunroofs in Passenger Cars
4.2.2. Restraints
4.2.2.1. High Initial and Set-up Costs of Automotive Glass Plants
4.2.2.2. Fluctuation in Raw Material Prices
4.2.3. Opportunities
4.2.3.1. Increasing Use of Smart Glass in the Automotive Industry
4.2.4. Challenges
4.2.4.1. Safety Concerns Regarding Laminated Glass
4.3. Market Trends
4.4. Case Studies
4.5. Vendor Selection Criteria/Factors Affecting Buying Decision
5. Automotive Glass Market Assessment, by Glass Type
5.1. Overview
5.2. Laminated Glass
5.3. Tempered Glass
5.4. Other Glass Types
6. Automotive Glass Market Assessment, by Vehicle Type
6.1. Overview
6.2. Passenger Cars
6.3. Light Commercial Vehicles
6.4. Heavy Commercial Vehicles
6.5. Electric Vehicles
6.6. Other Vehicle Types
7. Automotive Glass Market Assessment, by Sales Channel
7.1. Overview
7.2. OEMs
7.3. Aftermarket
8. Automotive Glass Market Assessment, by Application
8.1. Overview
8.2. Sidelights
8.3. Windshields
8.4. Sunroofs
8.5. Rear Windows
8.6. Taillights
8.7. Other Applications
9. Automotive Glass Market Assessment, by Geography
9.1. Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. U.K.
9.3.3. France
9.3.4. Italy
9.3.5. Spain
9.3.6. Rest of Europe
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.4.4. South Korea
9.4.5. Rest of Asia-Pacific
9.5. Latin America
9.6. Middle East & Africa
10. Competition Analysis
10.1. Overview
10.2. Key Growth Strategies
10.3. Competitive Benchmarking
10.4. Competitive Dashboard
10.4.1. Industry Leaders
10.4.2. Market Differentiators
10.4.3. Vanguards
10.4.4. Emerging Companies
10.5. Market Share Analysis
11. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)
11.1. AGC Inc.
11.2. Nippon Sheet Glass Co., Ltd.
11.3. Fuyao Glass Industry Group Co., Ltd.
11.4. Xinyi Glass Holdings Limited.
11.5. Saint-Gobain
11.6. Webasto Group
11.7. Magna International Inc.
11.8. Corning Incorporated
11.9. Guardian Industries
11.10. Gentex Corporation
11.11. TAIWAN GLASS IND. CORP.
11.12. Central Glass Co., Ltd.
11.13. Motherson Group
11.14. Schott AG
11.15. Vitro
11.16 Sisecam Otomotiv A.S.
(Note: SWOT Analysis of Top 5 Companies Will Be Provided.)
12. Appendix
12.1. Available Customization
12.2. Related Reports
List of Table
Table 1 Global Automotive Glass Market, by Glass Type, 2022–2031 (USD Million)
Table 2 Global Automotive Laminated Glass Market, by Country/Region, 2022–2031 (USD Million)
Table 3 Global Automotive Tempered Glass Market, by Country/Region, 2022–2031 (USD Million)
Table 4 Global Other Automotive Glass Market, by Country/Region, 2022–2031 (USD Million)
Table 5 Global Automotive Glass Market, by Vehicle Type, 2022–2031 (USD Million)
Table 6 Global Automotive Glass Market for Passenger Cars, by Country/Region, 2022–2031 (USD Million)
Table 7 Global Automotive Glass Market for Light Commercial Vehicles, by Country/Region, 2022–2031 (USD Million)
Table 8 Global Automotive Glass Market for Heavy Commercial Vehicles, by Country/Region, 2022–2031 (USD Million)
Table 9 Global Automotive Glass Market for Electric Vehicles, by Country/Region, 2022–2031 (USD Million)
Table 10 Global Automotive Glass Market for Other Vehicle Types, by Country/Region, 2022–2031 (USD Million)
Table 11 Global Automotive Glass Market, by Sales Channel, 2022–2031 (USD Million)
Table 12 Global Automotive Glass Market for OEMs, by Country/Region, 2022–2031 (USD Million)
Table 13 Global Automotive Glass Market for Aftermarket, by Country/Region, 2022–2031 (USD Million)
Table 14 Global Automotive Glass Market, by Application, 2022–2031 (USD Million)
Table 15 Global Automotive Glass Market for Sidelights, by Country/Region, 2022–2031 (USD Million)
Table 16 Global Automotive Glass Market for Windshields, by Country/Region, 2022–2031 (USD Million)
Table 17 Global Automotive Glass Market for Sunroofs, by Country/Region, 2022–2031 (USD Million)
Table 18 Global Automotive Glass Market for Rear Windows, by Country/Region, 2022–2031 (USD Million)
Table 19 Global Automotive Glass Market for Taillights, by Country/Region, 2022–2031 (USD Million)
Table 20 Global Automotive Glass Market for Other Applications, by Country/Region, 2022–2031 (USD Million)
Table 21 Global: Automotive Glass Market, by Country/Region, 2022–2031 (USD Million)
Table 22 North America: Automotive Glass Market, by Country, 2022–2031 (USD Million)
Table 23 North America: Automotive Glass Market, by Glass Type, 2022–2031 (USD Million)
Table 24 North America: Automotive Glass Market, by Vehicle Type, 2022–2031 (USD Million)
Table 25 North America: Automotive Glass Market, by Sales Channel, 2022–2031 (USD Million)
Table 26 North America: Automotive Glass Market, by Application, 2022–2031 (USD Million)
Table 27 U.S.: Automotive Glass Market, by Glass Type, 2022–2031 (USD Million)
Table 28 U.S.: Automotive Glass Market, by Vehicle Type, 2022–2031 (USD Million)
Table 29 U.S.: Automotive Glass Market, by Sales Channel, 2022–2031 (USD Million)
Table 30 U.S.: Automotive Glass Market, by Application, 2022–2031 (USD Million)
Table 31 Canada: Automotive Glass Market, by Glass Type, 2022–2031 (USD Million)
Table 32 Canada: Automotive Glass Market, by Vehicle Type, 2022–2031 (USD Million)
Table 33 Canada: Automotive Glass Market, by Sales Channel, 2022–2031 (USD Million)
Table 34 Canada: Automotive Glass Market, by Application, 2022–2031 (USD Million)
Table 35 Europe: Automotive Glass Market, by Country/Region, 2022–2031 (USD Million)
Table 36 Europe: Automotive Glass Market, by Glass Type, 2022–2031 (USD Million)
Table 37 Europe: Automotive Glass Market, by Vehicle Type, 2022–2031 (USD Million)
Table 38 Europe: Automotive Glass Market, by Sales Channel, 2022–2031 (USD Million)
Table 39 Europe: Automotive Glass Market, by Application, 2022–2031 (USD Million)
Table 40 Germany: Automotive Glass Market, by Glass Type, 2022–2031 (USD Million)
Table 41 Germany: Automotive Glass Market, by Vehicle Type, 2022–2031 (USD Million)
Table 42 Germany: Automotive Glass Market, by Sales Channel, 2022–2031 (USD Million)
Table 43 Germany: Automotive Glass Market, by Application, 2022–2031 (USD Million)
Table 44 U.K.: Automotive Glass Market, by Glass Type, 2022–2031 (USD Million)
Table 45 U.K.: Automotive Glass Market, by Vehicle Type, 2022–2031 (USD Million)
Table 46 U.K.: Automotive Glass Market, by Sales Channel, 2022–2031 (USD Million)
Table 47 U.K.: Automotive Glass Market, by Application, 2022–2031 (USD Million)
Table 48 France: Automotive Glass Market, by Glass Type, 2022–2031 (USD Million)
Table 49 France: Automotive Glass Market, by Vehicle Type, 2022–2031 (USD Million)
Table 50 France: Automotive Glass Market, by Sales Channel, 2022–2031 (USD Million)
Table 51 France: Automotive Glass Market, by Application, 2022–2031 (USD Million)
Table 52 Italy: Automotive Glass Market, by Glass Type, 2022–2031 (USD Million)
Table 53 Italy: Automotive Glass Market, by Vehicle Type, 2022–2031 (USD Million)
Table 54 Italy: Automotive Glass Market, by Sales Channel, 2022–2031 (USD Million)
Table 55 Italy: Automotive Glass Market, by Application, 2022–2031 (USD Million)
Table 56 Spain: Automotive Glass Market, by Glass Type, 2022–2031 (USD Million)
Table 57 Spain: Automotive Glass Market, by Vehicle Type, 2022–2031 (USD Million)
Table 58 Spain: Automotive Glass Market, by Sales Channel, 2022–2031 (USD Million)
Table 59 Spain: Automotive Glass Market, by Application, 2022–2031 (USD Million)
Table 60 Rest of Europe: Automotive Glass Market, by Glass Type, 2022–2031 (USD Million)
Table 61 Rest of Europe: Automotive Glass Market, by Vehicle Type, 2022–2031 (USD Million)
Table 62 Rest of Europe: Automotive Glass Market, by Sales Channel, 2022–2031 (USD Million)
Table 63 Rest of Europe: Automotive Glass Market, by Application, 2022–2031 (USD Million)
Table 64 Asia-Pacific: Automotive Glass Market, by Country/Region, 2022–2031 (USD Million)
Table 65 Asia-Pacific: Automotive Glass Market, by Glass Type, 2022–2031 (USD Million)
Table 66 Asia-Pacific: Automotive Glass Market, by Vehicle Type, 2022–2031 (USD Million)
Table 67 Asia-Pacific: Automotive Glass Market, by Sales Channel, 2022–2031 (USD Million)
Table 68 Asia-Pacific: Automotive Glass Market, by Application, 2022–2031 (USD Million)
Table 69 Japan: Automotive Glass Market, by Glass Type, 2022–2031 (USD Million)
Table 70 Japan: Automotive Glass Market, by Vehicle Type, 2022–2031 (USD Million)
Table 71 Japan: Automotive Glass Market, by Sales Channel, 2022–2031 (USD Million)
Table 72 Japan: Automotive Glass Market, by Application, 2022–2031 (USD Million)
Table 73 China: Automotive Glass Market, by Glass Type, 2022–2031 (USD Million)
Table 74 China: Automotive Glass Market, by Vehicle Type, 2022–2031 (USD Million)
Table 75 China: Automotive Glass Market, by Sales Channel, 2022–2031 (USD Million)
Table 76 China: Automotive Glass Market, by Application, 2022–2031 (USD Million)
Table 77 India: Automotive Glass Market, by Glass Type, 2022–2031 (USD Million)
Table 78 India: Automotive Glass Market, by Vehicle Type, 2022–2031 (USD Million)
Table 79 India: Automotive Glass Market, by Sales Channel, 2022–2031 (USD Million)
Table 80 India: Automotive Glass Market, by Application, 2022–2031 (USD Million)
Table 81 South Korea: Automotive Glass Market, by Glass Type, 2022–2031 (USD Million)
Table 82 South Korea: Automotive Glass Market, by Vehicle Type, 2022–2031 (USD Million)
Table 83 South Korea: Automotive Glass Market, by Sales Channel, 2022–2031 (USD Million)
Table 84 South Korea: Automotive Glass Market, by Application, 2022–2031 (USD Million)
Table 85 Rest of Asia-Pacific: Automotive Glass Market, by Glass Type, 2022–2031 (USD Million)
Table 86 Rest of Asia-Pacific: Automotive Glass Market, by Vehicle Type, 2022–2031 (USD Million)
Table 87 Rest of Asia-Pacific: Automotive Glass Market, by Sales Channel, 2022–2031 (USD Million)
Table 88 Rest of Asia-Pacific: Automotive Glass Market, by Application, 2022–2031 (USD Million)
Table 89 Latin America: Automotive Glass Market, by Glass Type, 2022–2031 (USD Million)
Table 90 Latin America: Automotive Glass Market, by Vehicle Type, 2022–2031 (USD Million)
Table 91 Latin America: Automotive Glass Market, by Sales Channel, 2022–2031 (USD Million)
Table 92 Latin America: Automotive Glass Market, by Application, 2022–2031 (USD Million)
Table 93 Middle East & Africa: Automotive Glass Market, by Glass Type, 2022–2031 (USD Million)
Table 94 Middle East & Africa: Automotive Glass Market, by Vehicle Type, 2022–2031 (USD Million)
Table 95 Middle East & Africa: Automotive Glass Market, by Sales Channel, 2022–2031 (USD Million)
Table 96 Middle East & Africa: Automotive Glass Market, by Application, 2022–2031 (USD Million)
Table 97 Recent Developments, by Company, 2021–2024
List of Figures
Figure 1 Market Ecosystem
Figure 2 Key Stakeholders
Figure 3 Research Process
Figure 4 Key Secondary Sources
Figure 5 Primary Research Techniques
Figure 6 Key Executives Interviewed
Figure 7 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 8 Market Sizing and Growth Forecast Approach
Figure 9 Key Insights
Figure 10 Global Automotive Glass Market, by Glass Type, 2022–2031 (USD Million)
Figure 11 Global Automotive Glass Market, by Vehicle Type, 2022–2031 (USD Million)
Figure 12 Global Automotive Glass Market, by Sales Channel, 2022–2031 (USD Million)
Figure 13 Global Automotive Glass Market, by Application, 2022–2031 (USD Million)
Figure 14 Global Automotive Glass Market, by Country/Region, 2022–2031 (USD Million)
Figure 15 Impact Analysis: Global Automotive Glass Market
Figure 16 Global Automotive Glass Market, by Glass Type, 2024 Vs. 2031 (USD Million)
Figure 17 Global Automotive Glass Market, by Vehicle Type, 2024 Vs. 2031 (USD Million)
Figure 18 Global Automotive Glass Market, by Sales Channel, 2024 Vs. 2031 (USD Million)
Figure 19 Global Automotive Glass Market, by Application, 2024 Vs. 2031 (USD Million)
Figure 20 Global Automotive Glass Market, by Country/Region, 2024 Vs. 2031 (USD Million)
Figure 21 North America: Automotive Glass Market Snapshot
Figure 22 Europe: Automotive Glass Market Snapshot
Figure 23 Asia-Pacific: Automotive Glass Market Snapshot
Figure 24 Growth Strategies Adopted by Leading Market Players (2021–2024)
Figure 25 Vendor Market Positioning Analysis (2022–2024)
Figure 26 Competitive Dashboard: Global Automotive Glass Market
Figure 27 AGC Inc.: Financial Overview (2022)
Figure 28 Nippon Sheet Glass Co., Ltd.: Financial Overview (2022)
Figure 29 Fuyao Glass Industry Group Co., Ltd.: Financial Overview (2022)
Figure 30 Xinyi Glass Holdings Limited.: Financial Overview (2022)
Figure 31 Saint-Gobain: Financial Overview (2022)
Figure 32 Magna International Inc.: Financial Overview (2022)
Figure 33 Corning Incorporated: Financial Overview (2022)
Figure 34 Gentex Corporation: Financial Overview (2022)
Figure 35 Sisecam Otomotiv A.S.: Financial Overview (2022)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Apr-2024
Published Date: Feb-2024
Published Date: Apr-2023
Published Date: Feb-2023
Published Date: Jul-2023
