Global Automotive Glass Market to reach USD 27.14Billion by 2027.Global Automotive Glass Market is valued approximately at USD 19.55 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.80% over the forecast period 2021-2027. Automotive glass includes vehicle glasses such as windscreens, side and rear windows and glass panel roof. Increasing vehicle production and increased use of glass to enhance the aesthetics of the car are major drivers for the sector. Passenger cars are the largest category of automotive industry in terms of production. More than 70 million motor vehicles were produced in 2020, worldwide. Growing demand from the customers for enhanced features in automotive glass such as protection from UV rays, dirt protection etc. is also contributing to the market. For instance: - General Motors in January 2021 announced its new Cadillac Celestiq electric car which will have smart glass roof But higher advancement leads to higher cost of raw materials which slows down the growth of the sector. Intensive capital investment is another restraining factor. Technological advancements such as device embedded in rearview mirror glass in passenger cars is a good opportunity for the market. Market players such as Gentex and Samvardhana Motherson have made this technology available at economical price.
The global Automotive Glass Market is segmented based on the following key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific captured over 45% of the total market revenue. China is the leader in the region owing to the presence of numerous automotive glass manufacturers and growing automotive products in the region. Europe is the second highest region in terms of revenue because of growing electric vehicle sales in the region.
Major Market player included in this report are
Saint-Gobain
Asahi Glass
Fuyao Glass
Samvardhana Motherson
Webasto
Xinyi Glass
Nippon Sheet Glass
Gentex Corporation
Corning
Magna International
The objective of the study is to define Market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Market. Additionally, the report shall also incorporate available opportunities in micro Markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the Market are explained below:
By Type:
Laminated
Tempered
By Application:
Windshield
Sidelite
Backlite
Rear Quarter Glass
Side & Rear-View Mirrors
By Material:
IR-PVB
Metal Coated
Tinted
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Automotive Glass Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors