Automotive Glass - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Automotive Glass Market is accounted for $17.26 billion in 2018 and is expected to reach $30.43 billion by 2027 growing at a CAGR of 6.5% during the forecast period. Some of the key factors influencing the market growth include increasing applications of glass & penetration of smart glass, increasing vehicle production & sales, and government regulations for vehicle safety. However, the high initial capital cost required for setting up an automotive glass plant is restraining the market growth.
Automotive glass is one of the key components of an automobile vehicle, which not only offers safety to the passengers but also provides better aerodynamics to the vehicle and helps in reducing fuel consumption. It protects both passengers and the structure of the vehicle by keeping them safe from the external obstacles. It is developed with the emergence of innovative features including protection from external temperature changes, external noise and better visibility.
Based on the glass type, laminated glass is estimated to have significant growth during the forecast period, due to increasing use of laminated glass in sidelites. Laminated glass in the windshield has a PVB layer sandwiched between the glasses. Laminated side glazing improves safety and NVH (Noise, Vibration & Harshness) of the vehicle.
By Geography, The Asia Pacific is expected to have a lucrative growth due to the improving socio-economic conditions in emerging economies such as China and India. The growth in population in these countries has resulted in increased vehicle production and vehicle parc. This has resulted in increased demand for automotive glass. The consumer preference for SUV in India and China is also driving this market as the volume of glass required in SUV is significantly more than that in sedans and other passenger cars.
Some of the key players in global Automotive Glass market are Asahi Glass Co., Guardian Automotive, Saint-Gobain, LKQ Corporation, Fuyao Group, Central Glass America, Inc., Webasto, PPG Industries, Inc., Xinyi Glass Holdings Ltd., Magna International, Nippon Sheet Glass Co., Ltd., Pittsburgh Glass Works, Paragon Tempered Glass, Independent Glass Co., Ltd., Shenzhen Benson Automobile Glass Co., Ltd., Gentex Corporation, Benson Auto Glass, and Carlex Glass.
Vehicle Types Covered:
• Light Commercial Vehicle (LCV)
• Electric Vehicles
• Passenger Vehicles
• Heavy Commercial Vehicle (HCV)
Glass Types Covered:
• Tempered Glass
• Laminated Glass
• Special Function Glass
• Smart Glass
• Regular Glass
• Other Glass Types
Material Types Covered:
• Tinted Glass
• Infrared Polyvinyl Butyral (IR PVB)
• Metal Coated Glass
• Other Material Types
• Passive Glass
• Active Smart Glass
• Sideview Mirror
• Rearview Mirror
• Door Glass (Side Window)
• Other Applications
Distribution Channels Covered:
• Aftermarket Replacement (ARG)
• Original Equipment Manufacturer (OEM)
• Original Equipment Suppliers (OES)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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