Automotive Glass Market Size to Worth USD 50.25 Billion by 2033

The automotive glass market size is poised to grow by USD 50.25 billion by 2033 from USD 31 billion in 2023, exhibiting a CAGR of  5% during the forecast period 2024 to 2033.

Key Takeaways

• Asia-Pacific contributed 55% of market share in 2023.
• North America is estimated to expand the fastest CAGR between 2024 and 2033.
• By product, the tempered glass segment held the largest market share of 60% in 2023.
• By product, the laminated glass segment is anticipated to grow at a remarkable CAGR of 7.3% between 2024 and 2033.
• By vehicle type, the passenger cars segment generated over 59% of the market share in 2023.
• By vehicle type, the light commercial vehicles segment is expected to expand at the fastest CAGR over the projected period.
• By end-use, the original equipment manufacturer (OEM) segment generated over 92% of the market share in 2023.
• By end-use, the aftermarket segment is expected to expand at the fastest CAGR over the projected period.

The automotive glass market encompasses the production and distribution of various types of glass used in vehicles, including windshields, side windows, and rear windows. This market is integral to the automotive industry, as glass components are essential for vehicle safety, aesthetics, and functionality. The demand for automotive glass is influenced by factors such as vehicle production, consumer preferences, technological advancements, and regulatory standards.

Get a Sample Report: https://www.precedenceresearch.com/sample/3732

The automotive glass market encompasses the production and distribution of various types of glass used in vehicles, including windshields, side windows, and rear windows. This market is integral to the automotive industry, as glass components are essential for vehicle safety, aesthetics, and functionality. The demand for automotive glass is influenced by factors such as vehicle production, consumer preferences, technological advancements, and regulatory standards.

Growth Factors

Several factors contribute to the growth of the automotive glass market. Firstly, the increasing production and sales of automobiles globally drive the demand for automotive glass. Additionally, advancements in glass technology, such as lightweight and shatter-resistant materials, enhance vehicle performance and safety, further stimulating market growth. Moreover, rising consumer awareness regarding the importance of safety features in vehicles encourages the adoption of advanced glass solutions. Furthermore, the growing trend of electric and autonomous vehicles presents opportunities for innovative glass designs and functionalities, contributing to market expansion.

Automotive Glass Market Scope

Read More: U.S. Healthcare ERP Market Size, Share, Report 2033

Opportunities

The automotive glass market offers various opportunities for growth and innovation. One such opportunity lies in the development of smart glass technologies that can dynamically adjust transparency, reduce glare, and display information, enhancing driver experience and vehicle aesthetics. Moreover, the increasing demand for energy-efficient vehicles creates a market opportunity for eco-friendly glass solutions that improve thermal insulation and reduce energy consumption. Additionally, expanding into emerging markets with growing automotive industries presents avenues for market expansion and diversification of product offerings.

Challenges

Despite the promising growth prospects, the automotive glass market faces several challenges. One major challenge is the volatility of raw material prices, particularly for specialized glass compositions used in advanced applications. Fluctuations in material costs can impact profit margins and pricing strategies for glass manufacturers. Additionally, stringent regulatory standards related to safety and environmental sustainability require continuous investment in research and development to ensure compliance. Furthermore, intense competition within the automotive glass industry poses a challenge for market players to differentiate their products and maintain market share amidst evolving consumer preferences and technological advancements.

Automotive Glass Market Companies

• Asahi Glass Co., Ltd.
• Saint-Gobain S.A.
• Fuyao Glass Industry Group Co., Ltd.
• Nippon Sheet Glass Co., Ltd. (NSG Group)
• Guardian Industries
• AGC Inc.
• Vitro S.A.B. de C.V.
• Xinyi Glass Holdings Limited
• Central Glass Co., Ltd.
• Shenzhen Benson Automobile Glass Co., Ltd.
• Pittsburgh Glass Works (PGW)
• Webasto SE
• Corning Incorporated
• SYP Kangqiao Autoglass Co., Ltd.
• Pilkington Group Limited

Data Sources and Methodology

To gather comprehensive insights on the Global Automotive glass Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.

We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Automotive glass Market.

The most resonating, simple, genuine, and important causes because of which you must decide to buy the Automotive glass market report exclusively from precedence research

• The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.

Key Features of the Report:

• Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
• Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
• Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.

Market Segmentation:

By Product

• Tempered Glass
• Laminated Glass
• Others

By Vehicle Type

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By End-use

• Original Equipment Manufacturer (OEM)
• Aftermarket

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Reasons to Consider Purchasing the Report:

• Enhance your market research capabilities by accessing this comprehensive and precise report on the global Automotive glass market.
• Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
• Benefit from in-depth research and analysis of the latest trends shaping the global Automotive glass market.
• Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Automotive glass market.
• Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
• Discover not only the cutting-edge technological advancements in the global Automotive glass market but also the strategic plans of industry leaders.

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Automotive Glass Market 

5.1. COVID-19 Landscape: Automotive Glass Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Automotive Glass Market, By Product

8.1. Automotive Glass Market Revenue and Volume, by Product, 2024-2033

8.1.1 Tempered Glass

8.1.1.1. Market Revenue and Volume Forecast (2021-2033)

8.1.2. Laminated Glass

8.1.2.1. Market Revenue and Volume Forecast (2021-2033)

8.1.3. Others

8.1.3.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 9. Global Automotive Glass Market, By Vehicle Type

9.1. Automotive Glass Market Revenue and Volume, by Vehicle Type, 2024-2033

9.1.1. Passenger Cars

9.1.1.1. Market Revenue and Volume Forecast (2021-2033)

9.1.2. Light Commercial Vehicles

9.1.2.1. Market Revenue and Volume Forecast (2021-2033)

9.1.3. Heavy Commercial Vehicles

9.1.3.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 10. Global Automotive Glass Market, By End-use 

10.1. Automotive Glass Market Revenue and Volume, by End-use, 2024-2033

10.1.1. Original Equipment Manufacturer (OEM)

10.1.1.1. Market Revenue and Volume Forecast (2021-2033)

10.1.2. Aftermarket

10.1.2.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 11. Global Automotive Glass Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.1.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.1.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.1.4.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.1.4.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.1.5.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.1.5.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.2.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.2.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.2.4.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.2.4.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.2.5.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.2.5.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.2.6.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.2.6.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.2.7.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.2.7.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.3.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.3.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.3.4.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.3.4.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.3.5.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.3.5.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.3.6.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.3.6.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.3.7.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.3.7.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.4.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.4.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.4.4.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.4.4.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.4.5.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.4.5.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.4.6.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.4.6.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.4.7.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.4.7.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.5.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.5.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.5.4.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.5.4.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

11.5.5.2. Market Revenue and Volume Forecast, by Vehicle Type (2021-2033)

11.5.5.3. Market Revenue and Volume Forecast, by End-use (2021-2033)

Chapter 12. Company Profiles

12.1. Asahi Glass Co., Ltd.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Saint-Gobain S.A.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Fuyao Glass Industry Group Co., Ltd.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Nippon Sheet Glass Co., Ltd. (NSG Group)

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Guardian Industries

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. AGC Inc.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Vitro S.A.B. de C.V.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Xinyi Glass Holdings Limited

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Central Glass Co., Ltd.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Shenzhen Benson Automobile Glass Co., Ltd.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Unlocking Market Insights through Data Excellence

The “Precedence Statistics” flexible dashboard is a powerful tool that offers real-time news updates, economic and market forecasts, and customizable reports. It can be configured to support a wide range of analysis styles and strategic planning needs. This tool empowers users to stay informed and make data-driven decisions in various scenarios, making it a valuable asset for businesses and professionals looking to stay ahead in today’s dynamic and data-driven world.

 

Access our Premium Real Time Data Intelligence Tool, Visit: www.precedencestatistics.com

Precedence Statistics – Empowering Your Data Insights

 

Contact Us

Precedence Research

Apt 1408 1785 Riverside Drive Ottawa, ON, K1G 3T7, Canada

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Web: https://www.precedenceresearch.com