Registering a CAGR of 4.1% over the forecast period of 2022-2027, the global Automotive Glass market size is anticipated to reach the market value of US$ 19258 million in the year 2027 from US$ 14565 million in the year 2021.
Automotive Glass Market Overview
Automotive glass is a critical aspect of vehicles, with frequent innovations fueling growth. Among the improvements, the automotive smart glass market has been acquisitions major traction, exclusively in premium vehicle applications. These materials generate higher levels of comfort for passengers, with superior functionality in security, privacy, and temperature control, which will bolster market penetration in the years to come.
Automotive glass has developed from providing safety to increasing aesthetic looks. Customers are increasingly looking for automotive that can not only protect them from the outside environment but also aid in UV protection, dirt protection, etc. Replacement and repair of the automotive glass must be done by following the guidelines set by OEM manufacturers, which help in continuing the integrity and rigidity of the automotive glass.
Industry News and Updates
03.02.2020: AGC and Citrine Informatics Collaborate to Develop New Glass Technology Using AI--
AGC Glass Europe, a European leader in flat glass, and Citrine Informatics are collaborating to use artificial intelligence (AI) to accelerate the development of next-generation glass. Citrine Informatics is a technology platform that harnesses the power of AI to bring new materials to market faster, and capture materials-enabled product value.
What are the major Applications, Types and Regions for Automotive Glass Market?
Automotive Glass Market is segmented based on Type, Applications and Regions.
By Type, it is segmented into
Special Function Glass
By Applications, it is segmented into
Light Commercial Vehicles
Heavy Commercial Vehicles
Automotive Glass Market Regional Analysis
In 2020, the Asia Pacific has taken over 45.1% of the automotive glass market revenue share. The regional industry is subject by China on account of numerous automotive glass manufacturers and growing automotive production in the region. The industry is quickly growing in India, Thailand, and Malaysia due to the increasing demand for automotive and the presence of numerous automotive manufacturers in the region. Europe detained the second-highest market share, which can be accredited to the growing electric vehicle sales in the region and stringent regulations on automotive glass.
China is the biggest producer of automobiles in the world. The abundance of economic resources to assemble and manufacture automotive parts in India and China, the presence of established glass manufacturing players, increasing R&D capacities, and the presence of several new production plants in China to cater to the growing needs for electric cars are adding to the global automotive glass market growth in the region.
Yes, the report can be customized as per your needs
Key Takeaways from this Automotive Glass Report
Evaluate Automotive Glass market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Automotive Glass market entropy - M&A's, deals, partnerships, product launches of all key players for the past 5 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Automotive Glass Market?
The Automotive Glass Market is growing at a CAGR of 4.1% over the next 5 years.
Who are the key players in Automotive Glass Market?
What are the significant types of Automotive Glass Market?
Laminated Glass, Tempered Glass, Special Function Glass
What are the major end-use applications of Automotive Glass Market?
Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.