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Visiongain Publishes Automotive Glass Market Report 2022-2032

13 June 2022

Visiongain has published a new report entitled the Automotive Glass Market Report 2022-2032: Forecasts by Glass Type (Laminated Glass, Tempered Glass, Others), by Application (Windshields, Sidelite, Backlite, Quarter Glass (Front, Rear), Side-view Mirror, Rear-view Mirror, Sunroof), by End-user (OEM, Aftermarket), by Vehicle Type (Passenger Vehicles, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV) (Buses, Trucks)), by Electric Vehicles (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Recovery Scenarios.

The global automotive glass market was valued at US$14,912 million in 2021 and is projected to grow at a CAGR of 7.0% during the forecast period 2022-2032.

Rising Automotive Sector Especially in APAC Region
Growth of the global automotive glass market is directly coupled with the growing automotive sector. The strongly recovering automotive sector after the recession (2008 – 09 recessions) is the major driver of the global automotive glass market across the globe. Global production volumes of vehicles including passenger cars, LCVs, and HCVs was recorded 80,145,989.00 units in 2021 which is 3.1% higher than the previous year. The automotive vehicle production was 77,711,725 units in 2020 which has recorded a dip of -15.7% due to COVID-19 impact.

The demand for passenger automobiles has risen dramatically over the world, particularly in Asia-growing Pacific's economies. In smaller places, passenger automobiles are becoming more common, while utility vehicles are becoming more popular. The automotive glass industry is growing due to the modernization of these cars and the growing demand to provide a luxurious and pleasant driving experience.

How has COVID-19 had a significant negative impact on the Automotive Glass Market?
As the amount of activity in the flat glass value chain has decreased to record levels, many glass processing plants, whether for the automotive or building sectors, have been shuttered. Measures have been put in place to provide protective equipment and guarantee social separation for workers at the facilities that have remained operational.

Upstream flat glass melting takes place in large-scale industrial furnaces that reach temperatures of up to 1600 degrees Celsius. For safety concerns, certain sites cannot be turned off from one day to the next. Furnaces must be kept hot while production is halted, i.e. 'hot-holds,' in order to safeguard industrial equipment. Industrial furnaces would be damaged if they were brought to a frigid temperature, and they would have to be totally rebuilt before they could produce again. These activities need a significant amount of time (days and weeks) as well as the presence of a competent crew on-site.

Due to the continuous nature of the glass melting process, ensuring the supply of necessary raw materials does not jeopardise installations is also critical. The typical capacity of a flat glass furnace is about 650 tonnes per day, which necessitates a large amount of raw materials. While the majority of these raw materials come from Europe, the increased number of health inspections at EU borders risks delaying and obstructing raw material shipments.

How this Report Will Benefit you?
Visiongain’s 575-page report provides 425 tables and 419 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the global automotive glass market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for Automotive Glass. Get the financial analysis of the overall market and different segments including glass type, application, end-user, vehicle type, electric vehicle, and capture higher market share. We believe that high opportunity remains in this fast-growing automotive glass market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report would help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.

What are the current market drivers?

The global automotive glass market is being driven by rising demand for luxury and semi-luxury vehicles in Europe and North America
The APAC area produces the most vehicles, particularly in China, India, Japan, and South Korea, and is increasing at the fastest rate. The entire demand will be supported by the increasing penetration of glass in automobiles. The global automotive glass market is being driven by rising demand for luxury and semi-luxury vehicles in Europe, North America, and other developed parts of the world. This demand is likely to stay robust over the next 10 years, boosting demand for automotive glass. The growing demand for premium automobiles in the Middle East is fuelling growth in the passenger car glass industry. Apart from that, Africa's growing economies, such as South Africa, Ghana, and Egypt, are boosting the region's automotive glass market for passenger cars.

Increasing Glass Applications in Automotive Vehicles
As demand for autos grows year after year, the components required to build a car are expected to be used more. The increasing demand for sunroofs, as well as the increased tilt angle in windshields for bigger viewing angles, are propelling market growth. As the number of individuals killed or wounded in car accidents has increased across the world, automobile safety has become increasingly vital. This has also become a driving factor in the automotive glass business, with automakers forcing OEMs to provide glass that fulfils significantly higher safety standards across the board.

The rising popularity of sunroof glass, particularly in high-end vehicles, is likely to fuel the expansion of the automotive glass industry. People nowadays demand a sunroof on their car, which has led in an increase in the usage of glass. Automobile manufacturers such as Honda and Toyota have begun to introduce sunroofs into various car classes, making them no longer unique to luxury vehicles. Furthermore, innovations in car design have resulted in larger windshields and side windows, contributing to the industry's total growth.

Where are the market opportunities?

Increasing Demand for Smart Glass
Automobile glass is a vital part of the vehicle, and it is always changing. Among the developments, the automotive smart glass industry has experienced tremendous growth, particularly in luxury vehicle applications. These materials enable improved passenger comfort, security, privacy, and temperature control, all of which will expand market penetration in the future years.

Due to changing customer tastes and automobile manufacturers, smart glass solutions are quickly gaining popularity in the fabrication of sun and moon roofs, notably in Europe. General Motors, for example, unveiled the Cadillac Celestiq, an electric car with a smart glass top, in January 2021. The introduction of better ADAS systems in new cars will help the sector prosper even more.

Growing Usage of Device Embedded Glass in Various Automotive Applications
Interactive glass has long been popular in the electronics sector (phones, tablets, and laptops), but it may not be long before the automobile industry follows suit. Touch screens may become a standard feature on future windshields once they become more ergonomic. Flat touch displays used for driver-vehicle interface will become curved as their size and capabilities increase. However, before we see interactive windshields on the roadways, more technology must be developed. Glass will have to be constructed to master sensory inputs like as sight, touch, and sound in order to move beyond the conventional glass used for windshields today.

Competitive Landscape
The major players operating in the automotive glass market are Fuyao Glass Industry Group Co., Ltd. , AGC Inc., Nippon Sheet Glass Co., Ltd., VITRO, S.A.B. DE C.V., Compagnie de Saint-Gobain S.A., Central Glass Co., Ltd., Xinyi Glass Holdings Limited, Guardian Industries, Turkiye Sise ve Cam Fabrikalari AS, Corning Incorporated, Webasto Group, Gentex Corporation, KCC GLASS Corporation, AGP Group, Benson Auto Glass, LLC. These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launch.

Recent Developments
January, 2022, AGC and EyeLights have joined forces to bring the Augmented Reality windshield to CES 2022. EyeLights & AGC have teamed-up to bring industrialized AR capabilities to series vehicles for a safer and better in-car experience.

October 25, 2021, The NSG Group has collaborated with Cohda Design Limited (UK) to create new glass applications that deliver power to devices without the need for wires. The NSG Group supplies its NSG TEM electrically conductive glass to customers of Cohda, which combines the product with its patented Power-Tap® (P-Tap) wireless power technology.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to contactus@visiongain.com or call +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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