Automotive Glass Market Report

Automotive Glass Market Analysis By Product (Tempered, Laminated), By Application (Windscreen, Sidelite), By End-Use (OEM, ARG), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), And Segment Forecasts, 2014-2025

Published: December 2016  |  90 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-234-1

Industry Insights

The global automotive glass market size was estimated at USD 15.79 billion in 2015 and is anticipated to witness considerable growth over the forecast period, majorly owing to increase in a number of road accidents and consumer awareness regarding the safety of the vehicles.

Growing automotive production in Asia Pacific region, mainly in China, Indonesia, Japan, Malaysia, and Taiwan, is expected to propel the demand in the automotive sector. In 2015, the total vehicle production in China was 24.5 million units. Increased urbanization along with high demand for SUVs and sedans is expected to propel growth.

U.S. automotive glass market revenue, by product, 2014 - 2025 (USD Million)

U.S. automotive glass market

Technological advancements coupled with the presence of manufacturers with strong global presence and R&D capabilities is likely to propel the market growth over the next nine years. Increasing focus towards development of strong and lightweight products for vehicles is anticipated to open new opportunities for the market over the forecast period.

Product Insights

Tempered automotive glass dominated the market with a revenue share of 49.8% in 2015. Low cost and its property to break into small pieces, thereby preventing injury to the passengers is expected to have a positive impact on the demand.

Laminated glass is expected to witness a significant growth of over 7%, in terms of volume, from 2016 to 2025. Easy repair-ability and high safety standard as compared to other products is likely to augment growth over the forecast period.

Application Insights

Windscreen accounted for the largest market share of over 40% in 2015. The windshield is manufactured using laminated glass which is expensive as compared to tempered type. New technologies are being developed in order to enhance the experience of vehicles for customers, which is expected to enhance utilization of glass on the windshields over the next nine years.

Sidelites, also known as side windows, are expected to witness a rapid increase in the demand for the product on account of rapidly increasing use of laminated glass on the windows. Increasing focus on the safety of the vehicles is likely to promote utilization of high-quality products, which in turn is expected to have a positive impact on the growth.

End-Use Insights

End-uses of the product include original equipment manufacturers (OEM) and aftermarket replacement glass (ARG). OEM accounted for the major market share of over 80% in 2015 on account of rapid improvements in the vehicle safety features from the manufacturing end.

ARG is expected to witness below average growth on account of improving the efficiency of the products on the manufacturing end. However, increasing cases of accidents worldwide is expected to propel ARG market over the forecast period.

Type Insights

Passenger cars dominated the industry with a share of over 75% on account of increasing production in the Asia Pacific region. Moreover, increasing consumer disposable income is anticipated to fuel the demand over the next nine years.

Global automotive glass market share, by vehicle type, 2015 (%)

Global automotive glass market

Light commercial vehicles are expected to witness considerable growth over the forecast period on account of rapid urbanization, improved road infrastructure, and supportive regulatory policies. Moreover, these vehicles allow easy transportation of goods in rural areas which are expected to have a positive impact on growth.

Regional Insights

Asia Pacific dominated the industry on account of significant vehicle manufacturing in the region. Low cost coupled with the availability of cheap & skilled labor is expected to facilitate foreign investment in the region, which is expected to propel growth over the projected period.

North America is anticipated to witness rapid growth in demand on account of increase in manufacturing of commercial vehicles in the region. In addition, the demand for vehicles in the region has also been witnessing prompt growth over the past years, thereby augmenting growth.

Competitive Insights

The key players in the industry include Asahi, Saint-Gobain S.A., Fuyao Glass Industry Group Co., Ltd., Nippon Sheet Glass Company, Limited (NSG), Xinyi Glass Holdings Limited, Guardian Industries Corp, Corning Inc. The top four manufacturers in the industry account for over 75% of the share with other manufacturers accounting for the rest.

Expansion of the manufacturing capability and R&D investment are the key strategies being adopted by the market players to strengthen their position in the global market. In March 2016, AGC invested about USD 163.2 million in order to manufacture the second float glass manufacturing facility in the south-eastern region of Brazil. The plant is likely to get completed by 2018.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historical data

2014

Forecast period

2016 - 2025

Market representation

Revenue in USD Million, volume in million square meters, & CAGR from 2016 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America & MEA

Country scope

U.S., Germany, China, Brazil

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the automotive glass market on the basis of product, application, end-use, vehicle type, and region:

  • Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

    • Tempered

    • Laminated

    • Others

  • Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

    • Windscreen

    • Backlite

    • Sidelite

  • End-Use Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

    • Original Equipment Manufacturer (OEM)

    • Aftermarket Replacement (ARG)

  • Vehicle Type Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

    • Passenger Car

    • Light Commercial

    • Heavy Commercial

  • Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

    • Asia Pacific

      • China

    • Latin America

      • Brazil

    • Middle East & Africa

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