Automotive Glass Market Size, Share & Trends Report

Automotive Glass Market Size, Share & Trends Analysis Report By Product (Laminated, Tempered), By Application (Windscreen, Sunroof), By End Use (OEM, ARG), By Vehicle Type (Passenger Car, LCV), And Segment Forecasts, 2019 - 2025

  • Published Date: Mar, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-1-68038-234-1
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 129

Industry Insights

The global automotive glass market size was valued at USD 14.75 billion in 2018 and is expected to register a CAGR of 5.7% over the forecast period. Rising demand for automobiles, especially in emerging economies like China and India, is the major driving factor for the global market. Sales of automotive vehicles is also impacted by economic factors like consumer confidence, availability of credit, Gross Domestic Product (GDP), and fuel prices.For instance, According to the World Bank Group, India’s Global National Income (GNI) per capita increased signifcantly from USD 5,190 in 2013 to USD 6,980 in 2017. During this period, overall automobile sales in India increased by a CAGR of 7.0%.

The industry is facing many changes on account of technological advancements. Constant innovation in vehicle design and growing demand for lightweight vehicles are compelling manufacturers to upgrade themselves. For example, Corning Inc. introduced its new Gorilla glass, which was used in 2017 Ford GT. It was used in windshield, rear window, bulkhead, and in separation window. The usage of this product reduced the weight of the car by 12 pounds.

China automotive glass market

The value chain of the global automotive glass market includes various stages and the manufacturers are integrated across other stages as well. For example, companies like Guardian Industries and Saint Gobain are integrated across the manufacturing, fabricating, and supplying stages of the value chain. This allows continuous supply for raw materials and helps in lowering the manufacturing costs as well.

Major manufacturers also form partnerships with raw material suppliers to ensuer a consistent availability of raw materials. Car manufacturers and auto glass repair and replacement companies have also been working in collaboration toimprove the packaging, racking, and distribution of the product. Distribution companies have started using methods like wrapped barcodes and proper warehousing management systems.

Product Insights

Tempered glass was the largest product segment in 2018 with a volume share of 59.1%. Its large share is attributable to factors like low cost, easy manufacturing process, and high demand in sidelites and backlite of passenger, as well as commercial vehicles. It is about four to five times stronger than basic float. Its increasing utility in construction and automotive industries is anticipated to drive the market growth in near future. Laminated glass is the fastest-growing segment. In terms of revenue, it is expected to witness a CAGR of 6.4% from 2019 to 2025.

Laminated products are generally consist of three layers with Polyvinyl Butyral (PVB) layer sandwiched between two glass layers. It is used for automotive windshield as it allows the glass to stay in place, thereby retaining visibility during emergency conditions. Its application is increasing in front side windows as if offers enhanced safety. Increasing demand for value-added features in automotive vehicles is expected to facilitate R&D and product development in this segment. This is likely to play a key role in boosting the demand for laminated glass over the forecast period. However, high cost of these products may pose an obstruction for manufacturers.

Application Insights

Windscreen application accounted for the largest revenue share in 2018 and is expected to continue its leading position over the next few years. Technological developments in the windshields are likely to increase the utilization of glass. For instance, new technologies that integrate smart materials and sensors in windshields, to embed electronic and electrical functionality will augment the segment growth. Moreover, technologies like self-healing and self-cleaning glass for windshields are projected to boost demand for advanced windscreens in future. Sidelite application is projected to be the second fastest-growing segment during the forecast period.

Sidelite or the side windows are generally manufactured using tempered glass. Technological developments coupled with increasing cases of road accidents across the globe are expected to facilitate demand for better-quality glasses for side windows. Automobile manufacturers are now utilizing laminated glass for side windows to avoid injuries in case of heavy-impact accidents. Backlite or rear windshield is manufactured using the tempered glass as well. Low cost and high safety has led to the increased demand for the product in backlites.

In addition, it can be easily repaired after damage, which allows cost reduction, unlike tempered glass that needs to be replaced completely. The sunroof application segment is estimated to witness the maximum CAGR over the forecast years. In 2015, there were 30 new vehicles equipped with panoramic sunroofs in U.S. Technological advancements like usage of lightweight materials in the production of these sunroofs is helping manufacturers to bring them down from the luxury segment to the mass market. This is expected to be the key driver for the segment.

End Use Insights

Based on end use, the market is segmented into Original Equipment Manufacturers (OEMs) and Aftersales Replacement Glass (ARG). The OEM segment held the largest share in 2018. Technological advancements coupled with increasing demand for vehicles with enhanced safe solutions are anticipated to boost the segment growth. The quality standards set forth by the automotive manufacturers also contributes to the segment’s growth.

In terms of revenue, ARG segment is projected to expand at a CAGR of 5.3%, over the forecast period. Demand for ARG is fueled by various reasons including poor installation, accidents, temperature changes, sunlight, or driving on gravel road. Also, low cost of ARG than OEM glass further adds to its consumption. Increasing cases of road accidents is a major reason responsible for the segment growth. For instance, according to the National Highway Traffic Safety Administration’s National Center for Statistics and Analysis, the total number of reported motor vehicle crashes were 7,277 thousand in 2016.

Vehicle Type Insights

Passenger cars accounted for the largest share in 2018 of the global market volume. Globally, the production of passenger cars grew at a CAGR of 15% during 2013 to 2017. Increasing population and consumer disposable income levels are further propelling the demand and production of these cars, thereby, boosting the segment growth. Light Commercial Vehicles (LCVs) is projected to be the fastest-growing vehicle type segment on account of increasing demand for commercial transportation.

Global automotive glass market

In addition, rapid urbanization, improved road infrastructure, supportive regulatory policies, and low operation and maintenance costs are fueling the demand for these vehicles, thereby, boosting the segment development. Heavy Commercial Vehicles (HCVs) include busses and trucks. These vehicles use huge amount of glass for windows, door, and windshield. However, the production of heavy vehicles in various regions has decreased over the past few years, which has resulted in sluggish growth of this segment in the market.

Regional Insights

Asia Pacific led the global market in 2018 and is projected to maintain its dominance throughout the estimated period. APAC is the world’s largest producer of motor vehicles. In 2017, its vehicle production was 53,540,607 units. Countries like China and India have been witnessing changing consumer demands, in terms of vehicle styling, safety, and comfort. This has led the automotive manufacturers to focus on enhancing the vehicle efficiency and adopt high-performing glass in windshields, sunroofs, and side & backlites. Thus, all these factors are expected to augment the market growth in APAC.

Europe is the second-largest regional segment. According to Europe Automobile Manufacturers Association, the turnover generated by the automotive sector of European Union represents 6.8% of its GDP. Moreover, vehicle manufacturing is a significant strategic industry of the European Union economy where 19.6 million cars, trucks, vans, and buses are manufactured per year. As a result, there is significant demand for automotive glass in this region.

Central & South America is estimated to be the fastest-growing region due to growing urbanization, increasing consumer spending, and rapidly expanding automotive sector in countries like Brazil and Argentina. Significant economic recovery, regaining consumer confidence, accommodative monetary policy, and increased employment in major economies of South America are anticipated to drive the regional market further.

North America is anticipated to witness the least growth over the forecast period due to the declining production of passenger cars in the past few years in the region. However, strategic initiatives undertaken by numerous glass glazing companies including PGW, AGC, Pilkington, VVP, and Zeledyne in North America are expected to have a positive impact on the product demand.

Automotive Glass Market Share Insights

The global market is consolidated in nature. Saint-Gobain, Asahi Glass Co., Ltd. (AGC), Fuyao Glass Industry Group Co., Ltd., and Nippon Sheet Glass Company Limited (NSG) are the major companies in the market. These companies have large manufacturing capacities and are focused on expanding their global reach to gain a competitive advantage over others.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Volume in Million Square Meters, Revenue in USD Million, and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., Germany, U.K., China, India, and 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, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global automotive glass market report 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

    • Sunroof

  • 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

      • U.K.

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

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