Global Automotive Glazing Market Size By Type (Single Glazing, Double Glazing, Triple Low-E glazing), By Material (Laminated, Tempered, Polycarbonate (PB)), By Application (Windscreen, Sidelight, Bakelite), By Geographic Scope And Forecast
Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Automotive Glazing Market Size By Type (Single Glazing, Double Glazing, Triple Low-E glazing), By Material (Laminated, Tempered, Polycarbonate (PB)), By Application (Windscreen, Sidelight, Bakelite), By Geographic Scope And Forecast
Automotive Glazing Market Size And Forecast
Automotive Glazing Market size was valued at USD 23.66 Billion in 2024 and is projected to reach USD 30.66 Billion by 2031, growing at a CAGR of 5.4% during the forecasted period 2024 to 2031.
Global Automotive Glazing Market Drivers
The market drivers for the Automotive Glazing Market can be influenced by various factors. These may include
- Increasing Vehicle Production The need for automotive glazing rises in proportion to increasing global demand for automobiles. Emerging markets play a major role in this growth, especially in Latin America and Asia-Pacific.
- Developments in Glazing Technologies The automobile glazing business is experiencing a surge in innovation due to technological breakthroughs including self-healing glass, smart glass, and lightweight glazing materials. Improvements in energy economy, comfort, and safety draw manufacturers and customers to these innovations.
- Stricter Rules for Vehicle Safety and Emissions Governments all around the world are enforcing more stringent rules for vehicle safety standards and emissions. Because automotive glazing impacts vehicle weight, visibility, and energy economy, it is essential to comply with these rules.
- Growing Need for Electric Vehicles (EVs) As the world turns its attention to cutting carbon emissions and moving towards electric vehicles, there is a growing need for glazing solutions that improve EVs’ energy efficiency. The range of electric vehicles can be increased in part by using lightweight glazing materials.
- Growing Customer Awareness of Comfort and Aesthetics in Vehicles When buying a car, consumers are placing a higher value on interior ambience, comfort, and aesthetics. The need for sophisticated glazing solutions with characteristics like UV protection, noise reduction, and customisable designs is being driven by this trend.
- Urbanisation and Infrastructure Development The demand for automobiles, including commercial and public transit vehicles, is being driven by the rapid urbanisation and infrastructure development occurring in developing economies. Thus, there is a greater need for automobile glazing.
- Emphasis on Driverless Cars (AVs) The demand for sophisticated sensor technologies integrated into automotive glass is being driven by the development and implementation of autonomous vehicles. Features like automated emergency braking, lane departure warning, and adaptive cruise control depend on these sensors.
- Transition to Shared Mobility Services As ride- and car-sharing become more popular, the total number of vehicle miles travelled (VMT) is rising. As a result, there’s a greater need for robust, low-maintenance glass options that tolerate regular use in shared cars.
Global Automotive Glazing Market Restraints
Several factors can act as restraints or challenges for the Automotive Glazing Market. These may include
- High starting Investment Research, development, and production infrastructure are major starting costs for the automotive glazing business, which might discourage new competitors and restrict market growth.
- Regulatory Compliance Manufacturers may face difficulties in adhering to strict safety and environmental standards, which could result in higher production costs. These laws primarily concern glass strength, transparency, and impact resistance.
- Limited understanding and acceptance The automotive industry may show sluggish acceptance of advanced glazing technologies despite their many benefits, including enhanced safety, thermal insulation, and acoustic insulation. This is likely a result of manufacturers’ and customers’ lack of understanding of these technologies.
- Technological Constraints New developments in automotive glazing technology, such self-tinting windows and smart glass, may run into problems with durability, dependability, and compatibility with current car systems.
- Disruptions in the supply chain can affect industrial operations, resulting in production bottlenecks and higher prices. Examples of these disruptions include shortages of raw materials, delays in shipping, and geopolitical unrest.
- Competitive Landscape Intense competition among car glass producers can put pressure on costs and profit margins, restricting prospects for market expansion, especially in developed regions.
- Economic Uncertainty The demand for glazing products in the automobile industry can be negatively impacted by downturns in the economy, shifts in consumer purchasing power, and adjustments in disposable income levels. This can result in market volatility.
- Alternative Materials Traditional glass-based solutions may face competition from alternative materials, including as polycarbonate and composite materials, which could impact market demand and competitiveness.
- Global Pandemics and Health Crises Unpredicted occurrences like pandemics or health crises can impede car sales and manufacture, which lowers demand for glazing products and creates market instability.
- Consumer Trends and Preferences The market for automotive glazing may be influenced by consumer preferences for electric vehicles (EVs), driverless cars, and lightweight materials. As a result, producers may need to modify the products they offer to meet this demand.
Global Automotive Glazing MarketSegmentation Analysis
The Global Automotive Glazing Market is Segmented on the basis of Type, Material, Application, And Geography.
Automotive Glazing Market, By Type
- Single Glazing
- Double Glazing
- Triple Low-E glazing
Based on Type, the market is bifurcated into Single Glazing, Double Glazing, and Triple Low-E glazing. Double-glazed windows are manufactured by two panes of glasses with vacuum filling. The rising demand for such windows can be attributed to the superior efficiency and UV ray protection compared to traditional single-glazed glass. The presence of a transparent microlayer, felicitating the infrared reflection along with superior penetration of light is expanding the triple Low-E glass market size.
Automotive Glazing Market, By Material
- Laminated
- Tempered
- Polycarbonate (PB)
Based on Material, the market is bifurcated into Laminated, Tempered, and Polycarbonate (PB). The growth in the demand for laminated glass can be credited to the innovative manufacturing process using sandwich polyvinyl butyral (PVB) interlayer. Moreover, the ability of the glass to stay intact in the event of a crash further expands the segment share.
Automotive Glazing Market, By Application
- Windscreen
- Sidelight
- Bakelite
Based on Application, the market is bifurcated into Windscreen, Sidelight, and Bakelite. The rising preference for manufacturers to adopt superior glass technologies in their vehicles with enhanced UV resistance and heat resistance capabilities is further expanding the market size over the study timeframe.
Automotive Glazing Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
Based on Regional Analysis, the Global Automotive Glazing Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific is expected to grow at the highest CAGR owing to high automotive production activities in the region. Thailand, China, and India are the key markets for this region driven by various factors including high automobile manufacturing, low transportation charges, and operating costs, low labor charges, and land availability. North America is expected to grow at a moderate rate, wherein LCV is likely to be the fastest-growing segment. The region is the largest LCV manufacturing market, and this trend is expected to continue over the forecast period, thus impacting the market trend on a positive note.
Key Players
The major players in the Automotive Glazing Market are
- Saint-Gobain
- Asahi Glass Co.
- Fuyao Glass Industry Group Co., Ltd.
- PPG Industries
- Covestro AG
- Pilkington
- SABIC
- Saint Gobain
- AGC
- Guardian Industries Corp.
- Corning
- TEIJIN LIMITED
- Glaston Corporation
- Xinyi Glass
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Saint-Gobain, Asahi Glass Co., Fuyao Glass Industry Group Co., Ltd., PPG Industries, Covestro AG, SABIC, Saint Gobain, AGC, Guardian Industries Corp., TEIJIN LIMITED. |
SEGMENTS COVERED | By Type, By Material, By Application, By And Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Market Research
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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