Automotive Glass Market Demand Analysis, Top Trends and Opportunity Outlook 2027
Category: #headlines  By Ronak Bora  Date: 2021-09-16
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Automotive Glass Market Demand Analysis, Top Trends and Opportunity Outlook 2027

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.

With a rise in electric vehicle production and sales, the 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.

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Laminated and tempered glass are used to make automotive windscreens. However, laminated glass windshields are more expensive than their counterparts. It is estimated that the laminated glass segment is likely to register a CAGR of around 5.9% in the coming years. Laminated glass has easy reparability and compatibility with polyvinyl butyral coating for soundproofing, better glass bonding, and clear visibility. For producing laminated glass, two glass coats are sandwiched with a laminate, and the possibilities of damages and injuries are reduced as the glass is usually in a frame.

According to Global Market Insights, Inc., the automotive glass market may surpass USD 11 billion by 2027. The OEM end-use category held more than 82% market share in 2020. Some OEMs in the industry consist of international glass manufacturers like ASAHI Glass Limited, which directly deal with car manufacturers and have long-term tie-ups or contracts for the supply of glass. Rise in new vehicle production is boosting the business of automotive glass OEMs.

Meanwhile, heavy vehicle category is expected to record around 5.4% CAGR over the forecast period. Urbanization has caused a surge in the construction of highways, buildings, and roads, which has sparked a need for heavy commercial vehicles. In 2021, Indian subsidiary of Daimler AG said that the region’s heavy commercial vehicle market could grow 50-80% as the economic activities begin to resume following COVID-19 restrictions. High number of accidents on the highways could also result in the demand for replacement of automotive glass used in heavy vehicles.

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.

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

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/automotive-glass-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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