Global Automotive Glass Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Automotive Glass Market 2021 (Includes Business Impact of COVID-19)
Global Automotive Glass Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global automotive glass market report has been segmented on the basis of product, vehicle type, application, and region.
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The global Automotive Glass market size was valued at USD $14.93 billion in 2020 and is projected to reach USD $24.41 billion by 2030, and is anticipated to expand at a CAGR of 5.17% over the forecast period from 2020 to 2030.


Global Automotive Glass Market: Overview


Automotive glasses are aesthetics glass of vehicle to protect passengers from harsh external environments such as rain, wind, and sun.


Global Automotive Glass Market: Dynamics


Increasing demand for vehicles, and rising disposable income across various countries are major factors expected to drive growth of the global market over the forecast period.

In addition, rising passenger safety concerns and development of smart glass technologies in order to improve sunlight protection, comfort, and enhance visibility are some other factors expected to further fuel growth of the target market over the forecast period.

Moreover, increasing technological advancements and innovation in vehicle design and rising demand for lightweight vehicles are some factors expected to boost growth of the target market over the forecast period.

Furthermore, increasing usage of sunroof glass especially for high-end vehicles is another factor expected to propel growth of the global market over the forecast period.

However, fluctuating prices of raw materials is a key factor expected to restrain growth of the global market over the forecast period.

Ongoing trend observed in the target market is increasing adoption of solar control glasses for vehicles in order to improve fuel efficiency, this trend is expected to support growth of the target market over the forecast period.


Global Automotive Glass Market: Segment Analysis


Among the product segments, the tempered glass segment is expected register significant growth in terms of revenue over the forecast period, owing to its factors such as low cost, easy manufacturing process, and high demand in sidelites & backlight of vehicles.

Among the application segments, the windscreen segment is expected to register highest market share over the forecast period, owing to increasing technological advancements in windshield in order to increase adoption of this glass.

Among the vehicle type segments, the passenger cars segment is expected to register significant growth over the forecast period, owing to increasing production of passenger cars and consumer disposable income.


Global Automotive Glass Market: Regional Analysis


The market in Asia Pacific is expected to dominate in the global market and is expected to continue its dominance over the forecast period, owing to rising consumer preference towards vehicle safety, comfort, and style. In addition, increasing manufacturers preference towards improving vehicle efficiency and rising adoption of high-performing glass in sunroofs, windshields, and side & backlights is another factor expected to further fuel growth of the target market in this region over the forecast period. The market in Europe is expected to register second-highest growth in terms of revenue over the forecast period, owing to increasing vehicle manufacturing industry across various countries in this region. The market in North America is expected to register steady growth, owing to declining production of passenger cars across various countries in the recent past.

Global Automotive Glass Market Segmentation:

Segmentation by product:

  
Tempered automotive glass
  
Laminated automotive glass

Segmentation by vehicle type:

  
Passenger Car
  
Light Commercial Vehicle
  
Heavy Commercial Vehicle

Segmentation by application:

  
Windshield
  
Sidelite
  
Backlite
  
Rear Quarter Glass
  
Sideview Mirror
  
Rearview Mirror


Key Market Players included in the report:


  
AGC Ltd.
  
Asahi Glass (Japan)
  
Central Glass Co. Ltd.
  
China Glass Holding Ltd.
  
Corning (US)
  
Duro Automotive Systems
  
Euroglas GmbH. Central Glass America Inc
  
Fuyao Glass Industry Group Co.Ltd.
  
Gentex Corporation
  
Glas Trosch Holding AG
  
Guardian Industries Corporation
  
Independent Glass
  
LKQ Corporation
  
Magna International (Canada)
  
Nippon Sheet Glass Co.Ltd.
  
Saint-Gobain (France)
  
Samvardhana Motherson (India)
  
Shatterprufe Windscreens
  
Vitro S.A.B. de C.V.
  
Webasto (Germany)
  
Xinyi Glass Holdings Ltd.


Below are the key development related to Automotive Glass Market in 2020 and 2021.


June 2021: Safelite Group Acquires Breaker Glass Co. Safelite® Group, the nations leading vehicle glass services and recalibration company and owner of Safelite® AutoGlass, announced an agreement to acquire the assets of Breaker Glass Co. in Placerville, California. Source

March 2021: Airxcel, Inc. Signs Definitive Agreement To Acquire Cleer Vision, A Leading Window And Tempered Glass Manufacturer. Airxcel, Inc., the leading designer, manufacturer, and distributor of the most critically functional products for the Recreational Vehicle ("RV") and Specialty HVAC markets, announced that it has signed a definitive agreement to acquire Cleer Vision Windows, Inc, a leading RV and specialty equipment window manufacturer. Source

November 2020: Safelite Group Acquires Lee & Cates Glass Auto Glass Division. Safelite® Group, the nations leading vehicle glass services and recalibration company and owner of Safelite® AutoGlass, announced an agreement to acquire the assets of the Lee & Cates Glass auto glass business. Source