Automotive Glass Market Trends, Estimates, High Demand by 2030

Technological advancements in the automotive sector, along with continuous upgradation in vehicle designs, have compelled market players to introduce advanced products for automotive manufacturers.

The global automotive glass market size was valued at USD 30.8 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2030. An increasing emphasis on lightweight cars on account of rising harmful emissions from vehicles that have an adverse effect on the environment is driving glass penetration in the automotive industry. According to the International Organization of Motor Vehicle Manufacturers (OICA), the production of automobiles reached 85.02 million vehicles globally in 2022. The strong production volume is attributed to the development of the automotive manufacturing sector, particularly in countries such as China and India, owing to increasing government initiatives regarding motor vehicle regulations.

 

Technological advancements in the automotive sector, along with continuous upgradation in vehicle designs, have compelled market players to introduce advanced products for automotive manufacturers. For instance, in FY 2018-2019, AIS Glass in India offered its products to various new car models with several innovative changes, including solar green glass and acoustic PVB, for the Toyota Yaris and a 2.8mm backlite for the new Wagon R.

 

Gather more insights about the market drivers, restrains and growth of the Automotive Glass Market 

 

Detailed Segmentation:

 

Product Insights

 

The tempered glass segment accounted for the largest revenue share of 59.1% in 2022 in the automotive glass industry. Its large share is attributed to factors including low cost, high strength, and robustness. The product holds a strength that is 4-5 times greater than a basic float and is more cost-effective than laminated automotive glass.  As a result, it is the most preferred type of glass in automotive, particularly for windows and backlites. The laminated glass segment is expected to advance at the fastest CAGR of 5.3% during the forecast period

 

Vehicle Type Insights

 

The passenger cars segment accounted for the largest revenue share of 58.8% in 2022. This is attributed to factors such as changing consumer trends, the steadily growing middle-class population, and increasing environmental concerns leading to the demand for low-emission and lightweight vehicles on roads. On the other hand, the light commercial vehicles segment is expected to register the fastest CAGR of 5.3% over the forecast period. Commercial vehicles are expected to register a rapid growth in demand, owing to the surge in transportation and construction activities.

 

End-use Insights

 

The OEM segment accounted for the largest revenue share of 91.0% in 2022, as the majority of automotive glass is used for the production of vehicles. The OEM segment is anticipated to register a significant growth rate in the coming years, owing to the establishment of new automotive plants, particularly for electric vehicles. For instance, Tesla’s factory in Shanghai, China delivered its first 15 Model 3 cars in December 2019.

 

 

Application Insights

 

The windscreen segment held a significant revenue share of 33.4% in 2022. Windscreen carries significant importance in a vehicle structure; hence, both automotive and glass manufacturers are engaged in developing new technologies for enhancing its appearance and features. For instance, the introduction of new types of windshields with self-cleaning glass is anticipated to drive segment growth over the forecast period.

 

Regional Insights

 

Asia Pacific dominated the market and accounted for the largest revenue share of 54.2% in 2022. This can be attributed to the high economic growth, rising disposable income, and subsequent increase in the demand for commercial vehicles in the region. Moreover, rising investments in the automotive industry are propelling the growth of the regional market for automotive glass.

 

Browse through Grand View Research's Specialty Glass, Ceramic & Fiber Industry Research Reports.

 

  • The global bioceramics market size was valued at USD 7.67 billion in 2023 and is expected to grow at a CAGR of 7.0% from 2024 to 2030. 

 

  • The global para-aramid fibers market size was estimated at USD 3.21 billion in 2023 and is anticipated to grow at a CAGR of 7.9% from 2024 to 2030.

 

 

Key Automotive Glass Companies:

 

  • AGC Inc.
  • Fuyao Glass Industry Group Co., Ltd.
  • Nippon Sheet Glass Co., Ltd.
  • Saint-Gobain
  • Xinyi Glass Holdings Limited
  • Vitro
  • Central Glass Co., Ltd.
  • Corning Incorporated
  • Guardian Industries
  • TAIWAN GLASS IND. CORP.
  • Şişecam

 

 

Automotive Glass Market Segmentation

 

Grand View Research has segmented the global automotive glass market based on product, vehicle type, application, end-use, and region:

 

Automotive Glass Product Outlook (Revenue, USD Million; Volume, Thousand Square Meters, 2018 - 2030)

 

  • Tempered Glass
  • Laminated Glass
  • Others

 

Automotive Glass Vehicle Type Outlook (Revenue, USD Million; Volume, Thousand Square Meters, 2018 - 2030)

 

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

 

Automotive Glass Application Outlook (Revenue, USD Million; Volume, Thousand Square Meters, 2018 - 2030)

 

  • Windscreen
  • Backlite
  • Sidelite
  • Others

 

Automotive Glass End-use Outlook (Revenue, USD Million; Volume, Thousand Square Meters, 2018 - 2030)

 

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

 

Automotive Glass Regional Outlook (Revenue, USD Million; Volume, Thousand Square Meters, 2018 - 2030)

 

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Turkey
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Thailand
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Argentina
  • Middle East and Africa
    • South Africa
    • Morocco

 

 

 

Order a free sample PDF of the Automotive Glass Market Intelligence Study, published by Grand View Research.

 

 

Recent Developments

 

  • In May 2022, NSG Group announced its intention to integrate its automotive glass business in China with SYP Kangqiao Autoglass Co., Ltd., a leading manufacturer of automotive glass in China. This strategic integration with SYP Automotive aims to strengthen NSG Group's capacity to effectively cater to the increasing demands from automobile manufacturers in the Chinese market
  • In March 2022, LKQ Corporation reached an agreement to sell PGW Auto Glass to One Equity Partners (OEP), a private equity firm. As per its website, PGW boasts of an extensive network comprising over 100 distribution branches and customers totaling more than 27,000 in Canada and the U.S.
  • In February 2019, an automotive-glass manufacturer in North America, Vitro, committed a substantial investment of USD 60 million towards the development and implementation of cutting-edge technologies. These investments were strategically targeted at the North American market, aiming to enhance Vitro's dominant position in the automotive glass sector. The company intended to strengthen its role as a premier supplier to OEMs and aftermarket customers in the region

 


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