Automotive Glass Market Competitive Dynamics & Global Outlook 2027
Automotive glass market is expected to procure commendable growth by 2027. Increasing consumer purchasing power across emerging nations is fueling the demand for newer vehicle models. While automakers are emphasizing on improving structural strength of their vehicles to meet safety standards as well as on enhancing aesthetic appeal.
Automotive glass manufacturers are launching innovative technologies for enhancing vehicle driving experience. They are expanding their manufacturing facilities to boost production capacity. In 2019, Corning opened its new manufacturing facility in China, for the first large-part AutoGrade cover glass solutions. The facility was focused on driving high-volume manufacturing of automotive interior glass parts.
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Automotive glass is not only used for offering structural strength to the vehicle but also for raising its overall aesthetic appeal. Tempered automotive glass is promptly been used as it is highly durable and has high resistance to harsh surroundings and environments. The demand for laminated glass is also surging owing to its numerous benefits like clear visibility, easy reparability, soundproofing, and its compatibility with polyvinyl butyral coating for better glass bonding. Two coats of glass are squeezed with a laminate for manufacturing laminated glass. The chances of damages and injuries are reduced since the glass is usually in a frame.
The heavy vehicle category could register around 5.4% CAGR in the upcoming years. Urbanization has resulted in a rise in the construction of roads, buildings, and highways, which has led to a requirement for heavy commercial vehicles for transporting of required raw material to construction sites. Additionally, growing number of accidents on highways mainly involving heavy commercial vehicles has fueled the requirement for replacement automotive glass.
The windscreen application segment is expected to reach a CAGR of more than 5.8% by 2027. Windscreens can be created using both laminated and tempered glass. Usually, laminated glass windshields are more expensive than their counterparts. Several innovative technologies are being introduced in the industry for improving the driving experience. In 2021, Kia unveiled the Kia EV6 electric crossover that comes with an augmented reality (AR) windshield and ultra-fast charging.
Geographically, the North America automotive glass market is projected to gain nearly 16% share on account of strict regulations regarding vehicle and passenger safety. There is a surging demand for automotive glass developed by OEMs for lightweight vehicles. Market players are complying with the regulations set down by the concerned authorities, including measures for crash resistance, strength, penetration through windshields, and passenger safety.
Globally, the automotive glass market consists of companies such as Asahi Glass, Corning, Inc., Webasto, Saint-Gobain, Nippon Sheet Glass Co. Ltd., Magna International Inc., Independent Glass, Shatterprufe Windscreens, Guardian Glass, Fuyao Group, LKQ Corporation, and Gentex Corporation, among others. These firms are working on various business strategies such as new product development and partnerships.
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Partial Chapter of the Table of Content
Chapter 4 Automotive Glass Market, By Product
4.1 Global market share by product, 2020 & 2027
4.2 Laminated
4.2.1 Global market estimates and forecasts, 2017 - 2027
4.2.2 Market estimates and forecast, by region, 2017 - 2027
4.3 Tempered
4.3.1 Global market estimates and forecasts, 2017 - 2027
4.3.2 Market estimates and forecast, by region, 2017 – 2027
Chapter 5 Automotive Glass Market, By Application
5.1 Global market share by application, 2020 & 2027
5.2 Sidelite
5.2.1 Global market estimates and forecasts, 2017 - 2027
5.2.2 Automotive glass market estimates and forecast, by region, 2017 - 2027
5.3 Backlite
5.3.1 Global market estimates and forecasts, 2017 - 2027
5.3.2 Market estimates and forecast, by region, 2017 – 2027
5.4 Windscreen
5.4.1 Global market estimates and forecasts, 2017 - 2027
5.4.2 Market estimates and forecast, by region, 2017 – 2027
Chapter 6 Automotive Glass Market, By End-Use
6.1 Global market share by end-use, 2020 & 2027
6.2 OEM
6.2.1 Global market estimates and forecasts, 2017 - 2027
6.2.2 Market estimates and forecast, by region, 2017 - 2027
6.3 Aftermarket
6.3.1 Global market estimates and forecasts, 2017 - 2027
6.3.2 Automotive Glass Market estimates and forecast, by region, 2017 – 2027
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