Automotive Glass Market 2030: Trends in Aftermarket Demand Across Regions

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The global automotive glass market was valued at USD 30.8 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2030.

The global automotive glass market was valued at USD 30.8 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2030. This growth is primarily driven by the increasing emphasis on lightweight vehicles, which is a response to growing concerns about the harmful environmental impact of automobile emissions. These concerns have led to a greater demand for energy-efficient and eco-friendly vehicles. According to the International Organization of Motor Vehicle Manufacturers (OICA), global automobile production reached 85.02 million vehicles in 2022. This high production volume can be attributed to continuous advancements in automotive manufacturing, especially in countries like China and India. In these regions, government initiatives and regulations surrounding motor vehicles have been strengthening, which has further bolstered the growth of the automotive sector.

In addition, technological advancements in the automotive industry and the constant evolution of vehicle designs have spurred innovation among market players. Automotive glass manufacturers are increasingly developing more advanced products to meet the changing needs of vehicle manufacturers. For example, during the 2018-2019 fiscal year, AIS Glass in India supplied automotive glass products for various new car models, introducing several innovative features. These included solar green glass and acoustic polyvinyl butyral (PVB) for the Toyota Yaris, as well as a 2.8mm backlite for the latest Wagon R model. These innovations highlight the ongoing efforts by market participants to deliver products that meet both performance and environmental requirements in the modern automotive landscape.

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

Regional Insights

Asia Pacific Automotive Glass Market Trends

The Asia Pacific region led the global automotive glass market, accounting for the largest revenue share of 54.2% in 2022. Several factors contribute to this dominance, including rapid economic growth, increasing disposable income, and a rise in the demand for commercial vehicles. Additionally, the region has seen substantial investments in the automotive industry, further driving the growth of the automotive glass market.

Countries like China and India are experiencing shifting consumer demands when it comes to vehicle features such as styling, safety, and comfort. This shift has prompted manufacturers to focus on improving their operational efficiency to meet the growing demand for vehicles. In particular, Asia Pacific has seen a surge in demand for premium vehicles, driven by changing consumer lifestyles and greater disposable income. This, in turn, has led to an increase in the production of vehicles with sunroofs, which has positively impacted the market for automotive glass.

North America Automotive Glass Market Trends

North America is expected to grow at a compound annual growth rate (CAGR) of 3.4% during the forecast period. The region has witnessed a significant increase in the sales of commercial vehicles, and this trend is expected to continue, driving demand for automotive glass in the coming years. To differentiate their offerings and enhance the customer experience, manufacturers in North America are incorporating value-added features into their vehicles, such as solar control glass, de-icing and de-misting capabilities, integrated antennas, and sensors for automatic wiper or headlight activation. These features help drive product differentiation and contribute to increased profitability.

In February 2023, U.S. auto glass shops experienced a noticeable rise in demand, primarily due to a surge in vehicle break-ins and a persistent shortage of supplies that had been ongoing since the start of the COVID-19 pandemic. Auto glass retailers are currently facing a challenging situation as they contend with delayed shipments and the increased incidence of vehicle break-ins, which have put additional pressure on supply chains.

The United States, with one of the largest automotive markets in the world, is a key driver of the automotive glass market. The applications of automotive glass in the U.S. are increasingly complex due to continuous technological advancements in the industry. The presence of numerous automotive glass manufacturers and car manufacturers in the region is expected to continue fueling demand. Additionally, high consumer disposable income and a growing preference for luxury vehicles are anticipated to positively impact the demand for automotive glass in the U.S. market over the coming years.

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

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Key Companies & Market Share Insights

The market relies heavily on raw material manufacturers, suppliers, distributors, manufacturers, and end-users. Despite the presence of several players in the industry, the market is consolidated in nature owing to few major manufacturers such as AGC Ltd., Saint-Gobain, Fuyao Glass Industry Group Co., Ltd., and NSG Group.

Leading manufacturers are engaged in the development and implementation of new strategies for increasing their market share. Apart from capacity expansions, mergers, acquisitions, and new product developments, integration across different stages of the value chain is a major strategy adopted by key players to help them gain a competitive advantage over other manufacturers.

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

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